ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Lindblad Expeditions Holdings's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 6.32%.
As of today (2026-06-25), Lindblad Expeditions Holdings's WACC % is 17.78%. Lindblad Expeditions Holdings's ROIC % is 5.13% (calculated using TTM income statement data).
Lindblad Expeditions Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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, Lindblad Expeditions Holdings's WACC % is 17.78%. Lindblad Expeditions Holdings's ROIC % is 5.13% (calculated using TTM income statement data).
Lindblad Expeditions Holdings 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.
Lindblad Expeditions Holdings ROIC % Related Terms
Lindblad Expeditions Holdings 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 Travel Services subindustry, Lindblad Expeditions Holdings'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.
Lindblad Expeditions Holdings ROIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Lindblad Expeditions Holdings's ROIC % distribution charts can be found below:
* The bar in red indicates where Lindblad Expeditions Holdings'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.
Lindblad Expeditions Holdings (LIND) has a ROIC % of 6.32% 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 Lindblad Expeditions Holdings and its competitors.
Is Lindblad Expeditions Holdings' ROIC % too high?
Lindblad Expeditions Holdings' current ROIC % is 6.32%. The Travel & Leisure industry median ROIC % is 3.74. Lindblad Expeditions Holdings' value of 6.32% is 69% above this industry median. Overall, Lindblad Expeditions Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lindblad Expeditions Holdings' ROIC % compare to TRIP and PRSU?
Lindblad Expeditions Holdings' ROIC % of 6.32% can be compared against companies in the Travel & Leisure industry. The industry median ROIC % is 3.74. Lindblad Expeditions Holdings' value of 6.32% is 69% 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 Travel & Leisure company?
The median ROIC % among Travel & Leisure companies is 3.74, based on 833 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. Lindblad Expeditions Holdings's current ROIC % of 6.32% is 69% 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 Lindblad Expeditions Holdings and its competitors. For the Travel & Leisure industry, the median ROIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lindblad Expeditions Holdings's current ROIC % is 6.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lindblad Expeditions Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lindblad Expeditions Holdings (LIND) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.25, compared to a current price of $28.77 — trading 117.1% above its estimated fair value. The current ROIC % is 6.32% and 69% above the Travel & Leisure industry median of 3.74. Lindblad Expeditions Holdings' overall GF Score™ is 65/100 with 6 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 Lindblad Expeditions Holdings (LIND), the current ROIC % is 6.32% 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 Lindblad Expeditions Holdings (LIND) Overvalued in 2026?
Based on GuruFocus' analysis, Lindblad Expeditions Holdings stock appears to be overvalued.
The current stock price of $28.77 is trading 117.1% above its estimated GF Value™ of $13.25.
GuruFocus considers Lindblad Expeditions Holdings to be Significantly Overvalued.
Key valuation signals for LIND:
ROIC %: 6.32%
GF Value™: $13.25 vs. price of $28.77 (117.1% above fair value)
Industry Position: 69% above the Travel & Leisure median
No single metric tells the full story. See the LIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lindblad Expeditions Holdings Business Description
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. It operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of twelve owned expedition ships and five seasonal charter vessels under the Lindblad brand.
65GF Score
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