ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. CMB.Tech NV's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 8.23%.
As of today (2026-06-24), CMB.Tech NV's WACC % is 7.81%. CMB.Tech NV's ROIC % is 5.61% (calculated using TTM income statement data).
CMB.Tech NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.
CMB.Tech NV (NYSE:CMBT) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, CMB.Tech NV's WACC % is 7.81%. CMB.Tech NV's ROIC % is 5.61% (calculated using TTM income statement data).
CMB.Tech NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
CMB.Tech NV ROIC % Related Terms
CMB.Tech NV ROIC % Historical Data
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The historical data trend for CMB.Tech NV's ROIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, CMB.Tech NV's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CMB.Tech NV ROIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CMB.Tech NV's ROIC % distribution charts can be found below:
* The bar in red indicates where CMB.Tech NV's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CMB.Tech NV (CMBT) has a ROIC % of 8.23% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on CMB.Tech NV and its competitors.
Is CMB.Tech NV's ROIC % too high?
CMB.Tech NV's current ROIC % is 8.23%. The Oil & Gas industry median ROIC % is 3.63. CMB.Tech NV's value of 8.23% is 127% above this industry median. Overall, CMB.Tech NV has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CMB.Tech NV's ROIC % compare to WMB and EPD?
CMB.Tech NV's ROIC % of 8.23% can be compared against companies in the Oil & Gas industry. The industry median ROIC % is 3.63. CMB.Tech NV's value of 8.23% is 127% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for an Oil & Gas company?
The median ROIC % among Oil & Gas companies is 3.63, based on 998 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMB.Tech NV's current ROIC % of 8.23% is 127% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on CMB.Tech NV and its competitors. For the Oil & Gas industry, the median ROIC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMB.Tech NV's current ROIC % is 8.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMB.Tech NV stock overvalued right now?
Based on GuruFocus' analysis, CMB.Tech NV (CMBT) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.45, compared to a current price of $15.46 — trading 16.2% below its estimated fair value. The current ROIC % is 8.23% and 127% above the Oil & Gas industry median of 3.63. CMB.Tech NV's overall GF Score™ is 80/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For CMB.Tech NV (CMBT), the current ROIC % is 8.23% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CMB.Tech NV (CMBT) Overvalued in 2026?
Based on GuruFocus' analysis, CMB.Tech NV stock appears to be undervalued.
The current stock price of $15.46 is trading 16.2% below its estimated GF Value™ of $18.45.
GuruFocus considers CMB.Tech NV to be Modestly Undervalued.
Key valuation signals for CMBT:
ROIC %: 8.23%
GF Value™: $18.45 vs. price of $15.46 (16.2% below fair value)
Industry Position: 127% above the Oil & Gas median
No single metric tells the full story. See the CMBT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMB.Tech NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. It generate a large parts of their revenue from voyage charters, including vessels in pools that predominantly perform voyage charters. The company organizes itself into three divisons: the Marine division, the H2 Infra division and the H2 Industry division. The Marine Division derives maximum revenue which builds, owns, operates and designs a wide range of low and zerocarbon ships and features a fleet with vessels such as Crew Transfer Vessels, ferries, Commissioning Service Operations Vessels, and tugboats, alongside ammonia-powered large bulk carriers, container ships, chemical and crude oil tankers.
80GF Score
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