Ipsos (HAM:IPZ) ROIC %: 14.84% (As of Dec. 2025)


HAM:IPZ Ipsos SA HAM:IPZ
92 GF Score
Price €34.62
GF Value €50.12
! 2 Warning Signs
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What is Ipsos ROIC %?

Ipsos HAM:IPZ -1.14% 92 ROIC % is 14.84% as of Dec. 2025. GuruFocus rates HAM:IPZ with a GF Score™ of 92/100 and a GF Value™ of €50.12. The stock has 2 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Ipsos's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 14.84%.

As of today (2026-06-26), Ipsos's WACC % is 7.78%. Ipsos's ROIC % is 10.47% (calculated using TTM income statement data). Ipsos 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.


Ipsos  (HAM:IPZ) 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, Ipsos's WACC % is 7.78%. Ipsos's ROIC % is 10.47% (calculated using TTM income statement data). Ipsos 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.


Ipsos ROIC % Related Terms


Ipsos ROIC % Historical Data

* Premium members only.

The historical data trend for Ipsos'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.

Ipsos ROIC % Chart

Ipsos Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.08 11.82 11.00 11.20 10.36

Ipsos Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.89 8.70 14.20 6.26 14.84

HAM:IPZ vs VRSK, EFX, BAH: ROIC % Comparison

For the Consulting Services subindustry, Ipsos'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.


Ipsos ROIC % vs Business Services Industry

For the Business Services industry and Industrials sector, Ipsos's ROIC % distribution charts can be found below:

* The bar in red indicates where Ipsos's ROIC % falls into.


HAM:IPZ
92GF Score
Ipsos SA HAM:IPZ
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ipsos ROIC % Calculation

Ipsos's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=306.153 * ( 1 - 26.02% )/( (2216.858 + 2155.749)/ 2 )
=226.4919894/2186.3035
=10.36 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2914.051 - 574.178 - ( 342.549 - max(0, 1003.128 - 1126.143+342.549))
=2216.858

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3077.984 - 604.674 - ( 317.561 - max(0, 731.75 - 1131.384+317.561))
=2155.749

Ipsos's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2025 is calculated as:

ROIC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=427.418 * ( 1 - 25.78% )/( (2119.395 + 2155.749)/ 2 )
=317.2296396/2137.572
=14.84 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2847.81 - 477.984 - ( 250.431 - max(0, 687.403 - 946.608+250.431))
=2119.395

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3077.984 - 604.674 - ( 317.561 - max(0, 731.75 - 1131.384+317.561))
=2155.749

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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 14.84% mean?
Ipsos (HAM:IPZ) has a ROIC % of 14.84% 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 Ipsos and its competitors.
Is Ipsos' ROIC % too high?
Ipsos' current ROIC % is 14.84%. The Business Services industry median ROIC % is 5.93. Ipsos' value of 14.84% is 150.3% above this industry median. Overall, Ipsos has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does Ipsos' ROIC % compare to VRSK and EFX?
Ipsos' ROIC % of 14.84% can be compared against companies in the Business Services industry. The industry median ROIC % is 5.93. Ipsos' value of 14.84% is 150.3% 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 Business Services company?
The median ROIC % among Business Services companies is 5.93, based on 1,075 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. Ipsos's current ROIC % of 14.84% is 150.3% 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 Ipsos and its competitors. For the Business Services industry, the median ROIC % is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ipsos's current ROIC % is 14.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ipsos stock overvalued right now?
Ipsos (HAM:IPZ) has a current ROIC % of 14.84%. The stock's GF Value™ is €50.12, compared to a current price of €34.62 — trading 30.9% below its estimated fair value. The current ROIC % is 14.84% and 150.3% above the Business Services industry median of 5.93. Ipsos' overall GF Score™ is 92/100 with 2 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 Ipsos (HAM:IPZ), the current ROIC % is 14.84% 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 Ipsos (HAM:IPZ) Overvalued in 2026?

Based on GuruFocus' analysis, Ipsos stock appears to be undervalued. The current stock price of €34.62 is trading 30.9% below its estimated GF Value™ of €50.12.

Key valuation signals for HAM:IPZ:

  • ROIC %: 14.84%
  • GF Value™: €50.12 vs. price of €34.62 (30.9% below fair value)
  • GF Score™: 92/100 with 2 warning signs
  • Industry Position: 150.3% above the Business Services median

No single metric tells the full story. See the HAM:IPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ipsos Business Description

Address 35, rue du Val de Marne, Paris, FRA, 75013
Ipsos SA is a France-based market research and data analytics company. It provides research services across areas such as advertising, media, technology, public affairs, and consumer markets, using surveys and data analysis to generate insights. The company operates globally, with Europe as a key revenue contributor.
92GF Score

Get the complete analysis for HAM:IPZ

ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€34.62
Price
€50.12
GF Value