ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Keel Infrastructure's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was -57.18%.
As of today (2026-06-26), Keel Infrastructure's WACC % is 27.59%. Keel Infrastructure's ROIC % is -26.49% (calculated using TTM income statement data).
Keel Infrastructure earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Keel Infrastructure (FRA:9MK) 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, Keel Infrastructure's WACC % is 27.59%. Keel Infrastructure's ROIC % is -26.49% (calculated using TTM income statement data).
Keel Infrastructure 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.
Keel Infrastructure ROIC % Related Terms
Keel Infrastructure ROIC % Historical Data
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The historical data trend for Keel Infrastructure'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 Information Technology Services subindustry, Keel Infrastructure'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.
Keel Infrastructure ROIC % vs Software Industry
For the Software industry and Technology sector, Keel Infrastructure's ROIC % distribution charts can be found below:
* The bar in red indicates where Keel Infrastructure'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.
Keel Infrastructure (FRA:9MK) has a ROIC % of -57.18% 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 Keel Infrastructure and its competitors.
Is Keel Infrastructure's ROIC % too high?
Keel Infrastructure's current ROIC % is -57.18%. Overall, Keel Infrastructure has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keel Infrastructure's ROIC % compare to IBM and ACN?
Keel Infrastructure's ROIC % of -57.18% can be compared against companies in the Software industry. The industry median ROIC % is 3.11. 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 Software company?
The median ROIC % among Software companies is 3.11, based on 2,830 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. 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 Keel Infrastructure and its competitors. For the Software industry, the median ROIC % is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keel Infrastructure's current ROIC % is -57.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keel Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Keel Infrastructure (FRA:9MK) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.49, compared to a current price of €4.96 — trading 232.8% above its estimated fair value. The current ROIC % is -57.18%. Keel Infrastructure's overall GF Score™ is 58/100 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 Keel Infrastructure (FRA:9MK), the current ROIC % is -57.18% 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 Keel Infrastructure (FRA:9MK) Overvalued in 2026?
Based on GuruFocus' analysis, Keel Infrastructure stock appears to be overvalued.
The current stock price of €4.96 is trading 232.8% above its estimated GF Value™ of €1.49.
GuruFocus considers Keel Infrastructure to be Significantly Overvalued.
Key valuation signals for FRA:9MK:
ROIC %: -57.18%
GF Value™: €1.49 vs. price of €4.96 (232.8% above fair value)
No single metric tells the full story. See the FRA:9MK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keel Infrastructure Corp is a North American digital infrastructure and energy company that develops and owns data centers and energy infrastructure for high-performance computing workloads, including AI. The group has a pipeline of 2.2 gigawatts and established grid interconnections already in place. It delivers scalable infrastructure solutions in high-demand power markets across Pennsylvania and Washington in the United States, and Quebec in Canada. It has data campuses in Moses Lake, Panther Creek, Sharon, Sherbrooke, and Scrubgrass.
58GF Score
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