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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Fluxys Belgium's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 4.77%.
As of today (2026-07-28), Fluxys Belgium's WACC % is 4.90%. Fluxys Belgium's ROIC % is 4.33% (calculated using TTM income statement data).
Fluxys Belgium earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Fluxys Belgium (FRA:59FE) 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, Fluxys Belgium's WACC % is 4.90%. Fluxys Belgium's ROIC % is 4.33% (calculated using TTM income statement data).
Fluxys Belgium 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.
Fluxys Belgium ROIC % Related Terms
Fluxys Belgium ROIC % Historical Data
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The historical data trend for Fluxys Belgium'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, Fluxys Belgium'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.
Fluxys Belgium ROIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Fluxys Belgium's ROIC % distribution charts can be found below:
* The bar in red indicates where Fluxys Belgium's ROIC % falls into.
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) 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.
Fluxys Belgium (FRA:59FE) has a ROIC % of 4.77% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Fluxys Belgium and its competitors.
Is Fluxys Belgium's ROIC % too high?
Fluxys Belgium's current ROIC % is 4.77%. The Oil & Gas industry median ROIC % is 3.72. Fluxys Belgium's value of 4.77% is 28.2% above this industry median. Overall, Fluxys Belgium has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fluxys Belgium's ROIC % compare to WMB and EPD?
Fluxys Belgium's ROIC % of 4.77% can be compared against companies in the Oil & Gas industry. The industry median ROIC % is 3.72. Fluxys Belgium's value of 4.77% is 28.2% 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 3.72, based on 999 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. Fluxys Belgium's current ROIC % of 4.77% is 28.2% 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 Fluxys Belgium and its competitors. For the Oil & Gas industry, the median ROIC % is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fluxys Belgium's current ROIC % is 4.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fluxys Belgium stock overvalued right now?
Based on GuruFocus' analysis, Fluxys Belgium (FRA:59FE) is currently considered Modestly Overvalued. The stock's GF Value™ is €16.65, compared to a current price of €19.50 — trading 17.1% above its estimated fair value. The current ROIC % is 4.77% and 28.2% above the Oil & Gas industry median of 3.72. Fluxys Belgium's overall GF Score™ is 67/100 with 8 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 Fluxys Belgium (FRA:59FE), the current ROIC % is 4.77% as of Dec. 2025. 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 Fluxys Belgium (FRA:59FE) Overvalued in 2026?
Based on GuruFocus' analysis, Fluxys Belgium stock appears to be overvalued.
The current stock price of €19.50 is trading 17.1% above its estimated GF Value™ of €16.65.
GuruFocus considers Fluxys Belgium to be Modestly Overvalued.
Key valuation signals for FRA:59FE:
ROIC %: 4.77%
GF Value™: €16.65 vs. price of €19.50 (17.1% above fair value)
Industry Position: 28.2% above the Oil & Gas median
No single metric tells the full story. See the FRA:59FE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fluxys Belgium SA is the transmission and storage of natural gas as well as terminalling services for liquefied natural gas (LNG) in Belgium. It also provides complementary services related to these main activities. Its operating segment includes transmission, storage, LNG terminalling activities in Belgium and other activities. Transmission activities comprise all operations subject to the Gas Act related to transmission of gas and hydrogen in Belgium. Storage activities comprise all operations subject to the Gas Act related to storage of gas at Loenhout in Belgium. Terminalling activities comprise all activities subject to the Gas Act related to the LNG terminal at Zeebrugge in Belgium. Key revenue is generated from Transmission segment.
67GF Score
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