ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Light Science Technologies Holdings's annualized return on invested capital (ROIC %) for the quarter that ended in Nov. 2025 was -27.19%.
As of today (2026-06-27), Light Science Technologies Holdings's WACC % is 6.76%. Light Science Technologies Holdings's ROIC % is -12.26% (calculated using TTM income statement data).
Light Science Technologies 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, Light Science Technologies Holdings's WACC % is 6.76%. Light Science Technologies Holdings's ROIC % is -12.26% (calculated using TTM income statement data).
Light Science Technologies 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.
Light Science Technologies Holdings ROIC % Related Terms
Light Science Technologies 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 Electronic Components subindustry, Light Science Technologies 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.
Light Science Technologies Holdings ROIC % vs Hardware Industry
Note:
The Operating Income data used here is two times the semi-annual (Nov. 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.
Light Science Technologies Holdings (LSE:LST) has a ROIC % of -27.19% as of Nov. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Light Science Technologies Holdings and its competitors.
Is Light Science Technologies Holdings' ROIC % too high?
Light Science Technologies Holdings' current ROIC % is -27.19%.
How does Light Science Technologies Holdings' ROIC % compare to APH and GLW?
Light Science Technologies Holdings' ROIC % of -27.19% can be compared against companies in the Hardware industry. The industry median ROIC % is 4.12. 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 Hardware company?
The median ROIC % among Hardware companies is 4.12, based on 2,444 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 Light Science Technologies Holdings and its competitors. For the Hardware industry, the median ROIC % is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Light Science Technologies Holdings's current ROIC % is -27.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Light Science Technologies Holdings stock overvalued right now?
Based on GuruFocus' analysis, Light Science Technologies Holdings (LSE:LST) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.02, compared to a current price of £0.01 — trading 27.5% below its estimated fair value. The current ROIC % is -27.19%. 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 Light Science Technologies Holdings (LSE:LST), the current ROIC % is -27.19% as of Nov. 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.
Light Science Technologies Holdings Business Description
Light Science Technologies Holdings PLC focuses on the development and manufacturing of Contract electronic boards and lighting and technology products for the Controlled Environment Agriculture (CEA) sector. The company operates in Contract Electronics Manufacturing, Agtech, and Passive fire protection. The company generates maximum revenue from the Contract electronics manufacturing segment. Geographically, the company operates in United Kingdom, Europe and Rest of the World, of which it derives maximum revenue from United Kingdom.
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