ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Industrial & Infrastructure Fund Investment's annualized return on invested capital (ROIC %) for the quarter that ended in Jan. 2026 was 4.25%.
As of today (2026-06-26), Industrial & Infrastructure Fund Investment's WACC % is 2.44%. Industrial & Infrastructure Fund Investment's ROIC % is 4.10% (calculated using TTM income statement data).
Industrial & Infrastructure Fund Investment generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
Industrial & Infrastructure Fund Investment (FRA:2ES) 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, Industrial & Infrastructure Fund Investment's WACC % is 2.44%. Industrial & Infrastructure Fund Investment's ROIC % is 4.10% (calculated using TTM income statement data).
Industrial & Infrastructure Fund Investment generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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.
Industrial & Infrastructure Fund Investment ROIC % Related Terms
Industrial & Infrastructure Fund Investment ROIC % Historical Data
* 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.
Industrial & Infrastructure Fund Investment ROIC % Chart
Industrial & Infrastructure Fund Investment Annual Data
* 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.
Industrial & Infrastructure Fund Investment ROIC % vs REITs Industry
Note:
The Operating Income data used here is two times the semi-annual (Jan. 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.
Industrial & Infrastructure Fund Investment (FRA:2ES) has a ROIC % of 4.25% as of Jan. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Industrial & Infrastructure Fund Investment and its competitors.
Is Industrial & Infrastructure Fund Investment's ROIC % too high?
Industrial & Infrastructure Fund Investment's current ROIC % is 4.25%. The REITs industry median ROIC % is 3.74. Industrial & Infrastructure Fund Investment's value of 4.25% is 13.6% above this industry median. Overall, Industrial & Infrastructure Fund Investment has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Industrial & Infrastructure Fund Investment's ROIC % compare to PLD and PSA?
Industrial & Infrastructure Fund Investment's ROIC % of 4.25% can be compared against companies in the REITs industry. The industry median ROIC % is 3.74. Industrial & Infrastructure Fund Investment's value of 4.25% is 13.6% 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 a REITs company?
The median ROIC % among REITs companies is 3.74, based on 749 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. Industrial & Infrastructure Fund Investment's current ROIC % of 4.25% is 13.6% 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 Industrial & Infrastructure Fund Investment and its competitors. For the REITs industry, the median ROIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial & Infrastructure Fund Investment's current ROIC % is 4.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial & Infrastructure Fund Investment stock overvalued right now?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a current ROIC % of 4.25%. The stock's GF Value™ is €759.39, compared to a current price of €770.00 — trading 1.4% above its estimated fair value. The current ROIC % is 4.25% and 13.6% above the REITs industry median of 3.74. Industrial & Infrastructure Fund Investment's overall GF Score™ is 76/100 with 7 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 Industrial & Infrastructure Fund Investment (FRA:2ES), the current ROIC % is 4.25% as of Jan. 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 Industrial & Infrastructure Fund Investment (FRA:2ES) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial & Infrastructure Fund Investment stock appears to be overvalued.
The current stock price of €770.00 is trading 1.4% above its estimated GF Value™ of €759.39.
Key valuation signals for FRA:2ES:
ROIC %: 4.25%
GF Value™: €759.39 vs. price of €770.00 (1.4% above fair value)
No single metric tells the full story. See the FRA:2ES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial & Infrastructure Fund Investment Business Description
Industrial & Infrastructure Fund Investment Corp operates as a J-REIT specializing in industrial properties. The company focuses on industrial properties including logistic facilities, manufacturing and R&D facilities, and infrastructures.
76GF Score
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