ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Metro's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 8.04%.
As of today (2026-06-26), Metro's WACC % is 4.28%. Metro's ROIC % is 8.87% (calculated using TTM income statement data).
Metro 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.
Metro (MEX:MRUN) 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, Metro's WACC % is 4.28%. Metro's ROIC % is 8.87% (calculated using TTM income statement data).
Metro 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.
Metro ROIC % Related Terms
Metro ROIC % Historical Data
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The historical data trend for Metro'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.
For the Grocery Stores subindustry, Metro'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.
Metro ROIC % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Metro's ROIC % distribution charts can be found below:
* The bar in red indicates where Metro'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.
Metro (MEX:MRUN) has a ROIC % of 8.04% 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 Metro and its competitors.
Is Metro's ROIC % too high?
Metro's current ROIC % is 8.04%. The Retail - Defensive industry median ROIC % is 5.54. Metro's value of 8.04% is 45.1% above this industry median. Overall, Metro has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Metro's ROIC % compare to KR and SFM?
Metro's ROIC % of 8.04% can be compared against companies in the Retail - Defensive industry. The industry median ROIC % is 5.54. Metro's value of 8.04% is 45.1% 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 Retail - Defensive company?
The median ROIC % among Retail - Defensive companies is 5.54, based on 309 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. Metro's current ROIC % of 8.04% is 45.1% 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 Metro and its competitors. For the Retail - Defensive industry, the median ROIC % is 5.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro's current ROIC % is 8.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro stock overvalued right now?
Metro (MEX:MRUN) has a current ROIC % of 8.04%. The stock's GF Value™ is MXN1,104.00, compared to a current price of MXN1,065.12 — trading 3.5% below its estimated fair value. The current ROIC % is 8.04% and 45.1% above the Retail - Defensive industry median of 5.54. Metro's overall GF Score™ is 84/100. 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 Metro (MEX:MRUN), the current ROIC % is 8.04% 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 Metro (MEX:MRUN) Overvalued in 2026?
Based on GuruFocus' analysis, Metro stock appears to be undervalued.
The current stock price of MXN1,065.12 is trading 3.5% below its estimated GF Value™ of MXN1,104.00.
Key valuation signals for MEX:MRUN:
ROIC %: 8.04%
GF Value™: MXN1,104.00 vs. price of MXN1,065.12 (3.5% below fair value)
Industry Position: 45.1% above the Retail - Defensive median
No single metric tells the full story. See the MEX:MRUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metro is the third-largest grocery retailer in Canada (behind Loblaws and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaws and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in Quebec and Ontario, with no presence in western Canada.
84GF Score
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