ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Warsaw Stock Exchange's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 24.40%.
As of today (2026-06-26), Warsaw Stock Exchange's WACC % is 9.04%. Warsaw Stock Exchange's ROIC % is 19.68% (calculated using TTM income statement data).
Warsaw Stock Exchange 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.
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, Warsaw Stock Exchange's WACC % is 9.04%. Warsaw Stock Exchange's ROIC % is 19.68% (calculated using TTM income statement data).
Warsaw Stock Exchange 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.
* 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, Warsaw Stock Exchange'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.
Warsaw Stock Exchange ROIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's ROIC % distribution charts can be found below:
* The bar in red indicates where Warsaw Stock Exchange'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.
Warsaw Stock Exchange (FRA:WSX) has a ROIC % of 24.40% 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 Warsaw Stock Exchange and its competitors.
Is Warsaw Stock Exchange's ROIC % too high?
Warsaw Stock Exchange's current ROIC % is 24.40%. The Capital Markets industry median ROIC % is 1.23. Warsaw Stock Exchange's value of 24.40% is 1891.8% above this industry median. Overall, Warsaw Stock Exchange has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warsaw Stock Exchange's ROIC % compare to SPGI and CME?
Warsaw Stock Exchange's ROIC % of 24.40% can be compared against companies in the Capital Markets industry. The industry median ROIC % is 1.23. Warsaw Stock Exchange's value of 24.40% is 1891.8% 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 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. Warsaw Stock Exchange's current ROIC % of 24.40% is 1891.8% 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 Warsaw Stock Exchange 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. Warsaw Stock Exchange's current ROIC % is 24.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warsaw Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Warsaw Stock Exchange (FRA:WSX) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.26, compared to a current price of €20.02 — trading 51% above its estimated fair value. The current ROIC % is 24.40% and 1891.8% above the Capital Markets industry median of 1.23. Warsaw Stock Exchange's overall GF Score™ is 89/100 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 Warsaw Stock Exchange (FRA:WSX), the current ROIC % is 24.40% 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 Warsaw Stock Exchange (FRA:WSX) Overvalued in 2026?
Based on GuruFocus' analysis, Warsaw Stock Exchange stock appears to be overvalued.
The current stock price of €20.02 is trading 51% above its estimated GF Value™ of €13.26.
GuruFocus considers Warsaw Stock Exchange to be Significantly Overvalued.
Key valuation signals for FRA:WSX:
ROIC %: 24.40%
GF Value™: €13.26 vs. price of €20.02 (51% above fair value)
Industry Position: 1891.8% above the Capital Markets median
No single metric tells the full story. See the FRA:WSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.
89GF Score
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