ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Intershop Communications AG's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 1.33%.
As of today (2026-06-29), Intershop Communications AG's WACC % is 9.26%. Intershop Communications AG's ROIC % is -7.66% (calculated using TTM income statement data).
Intershop Communications AG earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Intershop Communications AG (HAM:ISHA) 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, Intershop Communications AG's WACC % is 9.26%. Intershop Communications AG's ROIC % is -7.66% (calculated using TTM income statement data).
Intershop Communications AG 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.
Intershop Communications AG ROIC % Related Terms
Intershop Communications AG 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.
For the Software - Application subindustry, Intershop Communications AG'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.
Intershop Communications AG ROIC % vs Software Industry
For the Software industry and Technology sector, Intershop Communications AG's ROIC % distribution charts can be found below:
* The bar in red indicates where Intershop Communications AG'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.
Intershop Communications AG (HAM:ISHA) has a ROIC % of 1.33% 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 Intershop Communications AG and its competitors.
Is Intershop Communications AG's ROIC % too high?
Intershop Communications AG's current ROIC % is 1.33%. The Software industry median ROIC % is 3.04. Intershop Communications AG's value of 1.33% is 56.2% below this industry median. Overall, Intershop Communications AG has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Intershop Communications AG's ROIC % compare to UBER and SHOP?
Intershop Communications AG's ROIC % of 1.33% can be compared against companies in the Software industry. The industry median ROIC % is 3.04. Intershop Communications AG's value of 1.33% is 56.2% below 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 Software company?
The median ROIC % among Software companies is 3.04, based on 2,826 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. Intershop Communications AG's current ROIC % of 1.33% is 56.2% below 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 Intershop Communications AG and its competitors. For the Software industry, the median ROIC % is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intershop Communications AG's current ROIC % is 1.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intershop Communications AG stock overvalued right now?
Based on GuruFocus' analysis, Intershop Communications AG (HAM:ISHA) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.17, compared to a current price of €1.52 — trading 29.9% above its estimated fair value. The current ROIC % is 1.33% and 56.2% below the Software industry median of 3.04. Intershop Communications AG's overall GF Score™ is 56/100 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 Intershop Communications AG (HAM:ISHA), the current ROIC % is 1.33% 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 Intershop Communications AG (HAM:ISHA) Overvalued in 2026?
Based on GuruFocus' analysis, Intershop Communications AG stock appears to be overvalued.
The current stock price of €1.52 is trading 29.9% above its estimated GF Value™ of €1.17.
GuruFocus considers Intershop Communications AG to be Modestly Overvalued.
Key valuation signals for HAM:ISHA:
ROIC %: 1.33%
GF Value™: €1.17 vs. price of €1.52 (29.9% above fair value)
Industry Position: 56.2% below the Software median
No single metric tells the full story. See the HAM:ISHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intershop Communications AG is an independent supplier of high-performance cloud e-commerce software. The company's Agentic B2B Commerce platform caters to manufacturing, wholesale, and network organization sectors. Intershop's solutions help its clients with digitizing and automating their sales and service processes, optimizing their online presence, creating a consistently positive customer experience, sustainably increasing online revenues, and reducing the costs of the e-commerce unit through AI-supported automation. The company's business activities are divided into two main business segments: Software and Cloud, which generate maximum revenue, and Service. Its geographical operating segments are: Europe, which derives maximum revenue, the USA, and the Asia-Pacific.
56GF Score
Get the complete analysis for HAM:ISHA
ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:ISHA has been successfully added to your 
