ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Deutsche Boerse AG's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 0.79%.
As of today (2026-06-25), Deutsche Boerse AG's WACC % is 3.07%. Deutsche Boerse AG's ROIC % is 0.75% (calculated using TTM income statement data).
Deutsche Boerse AG earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Deutsche Boerse AG (OTCPK:DBOEY) 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, Deutsche Boerse AG's WACC % is 3.07%. Deutsche Boerse AG's ROIC % is 0.75% (calculated using TTM income statement data).
Deutsche Boerse AG 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.
Deutsche Boerse AG ROIC % Related Terms
Deutsche Boerse AG ROIC % Historical Data
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The historical data trend for Deutsche Boerse AG'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 Financial Data & Stock Exchanges subindustry, Deutsche Boerse AG'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.
Deutsche Boerse AG ROIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Deutsche Boerse AG's ROIC % distribution charts can be found below:
* The bar in red indicates where Deutsche Boerse AG'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.
Deutsche Boerse AG (DBOEY) has a ROIC % of 0.79% 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 Deutsche Boerse AG and its competitors.
Is Deutsche Boerse AG's ROIC % too high?
Deutsche Boerse AG's current ROIC % is 0.79%. The Capital Markets industry median ROIC % is 1.23. Deutsche Boerse AG's value of 0.79% is 35.5% below this industry median. Overall, Deutsche Boerse AG has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Boerse AG's ROIC % compare to SPGI and CME?
Deutsche Boerse AG's ROIC % of 0.79% can be compared against companies in the Capital Markets industry. The industry median ROIC % is 1.23. Deutsche Boerse AG's value of 0.79% is 35.5% below 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 a Capital Markets company?
The median ROIC % among Capital Markets companies is 1.23, based on 694 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. Deutsche Boerse AG's current ROIC % of 0.79% is 35.5% below 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 Deutsche Boerse AG and its competitors. For the Capital Markets industry, the median ROIC % is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Boerse AG's current ROIC % is 0.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Boerse AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Boerse AG (DBOEY) is currently considered Fairly Valued. The stock's GF Value™ is $25.56, compared to a current price of $27.75 — trading 8.6% above its estimated fair value. The current ROIC % is 0.79% and 35.5% below the Capital Markets industry median of 1.23. Deutsche Boerse AG's overall GF Score™ is 93/100 with 3 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 Deutsche Boerse AG (DBOEY), the current ROIC % is 0.79% 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 Deutsche Boerse AG (DBOEY) Overvalued in 2026?
Based on GuruFocus' analysis, Deutsche Boerse AG stock appears to be overvalued.
The current stock price of $27.75 is trading 8.6% above its estimated GF Value™ of $25.56.
GuruFocus considers Deutsche Boerse AG to be Fairly Valued.
Key valuation signals for DBOEY:
ROIC %: 0.79%
GF Value™: $25.56 vs. price of $27.75 (8.6% above fair value)
Industry Position: 35.5% below the Capital Markets median
No single metric tells the full story. See the DBOEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deutsche Börse is a financial exchange company headquartered in Frankfurt, Germany. The company primarily generates revenue through its Eurex and Clearstream segments. Eurex allows for the trading and clearing of derivatives. Clearstream offers custody and settlement services for domestic and international securities, as well as collateral management services. Other segments are Xetra, which generates revenue through trading and clearing cash equities, STOXX (an index business), and several others.
93GF Score
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