Custodian Investment (NSA:CUSTODIAN) ROIC %: 8.80% (As of Mar. 2026)


NSA:CUSTODIAN Custodian Investment PLC NSA:CUSTODIAN
70 GF Score
Price ₦65.90
GF Value ₦29.20
Valuation Significantly Overvalued
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What is Custodian Investment ROIC %?

Custodian Investment NSA:CUSTODIAN 70 ROIC % is 8.80% as of Mar. 2026. GuruFocus rates NSA:CUSTODIAN with a GF Score™ of 70/100 and a GF Value™ of ₦29.20 (Significantly Overvalued).

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Custodian Investment's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 8.80%.

As of today (2026-07-04), Custodian Investment's WACC % is 9.88%. Custodian Investment's ROIC % is 14.56% (calculated using TTM income statement data). Custodian Investment 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.


Custodian Investment  (NSA:CUSTODIAN) 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, Custodian Investment's WACC % is 9.88%. Custodian Investment's ROIC % is 14.56% (calculated using TTM income statement data). Custodian Investment 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.


Custodian Investment ROIC % Related Terms


Custodian Investment ROIC % Historical Data

* Premium members only.

The historical data trend for Custodian Investment'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.

Custodian Investment ROIC % Chart

Custodian Investment 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 6.81 5.35 9.86 18.83 11.51

Custodian Investment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 12.49 19.80 19.39 16.82 8.80

NSA:CUSTODIAN vs BRK.A, AIG, HIG: ROIC % Comparison

For the Insurance - Diversified subindustry, Custodian Investment'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.


Custodian Investment ROIC % vs Insurance Industry

For the Insurance industry and Financial Services sector, Custodian Investment's ROIC % distribution charts can be found below:

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


NSA:CUSTODIAN
70GF Score
Custodian Investment PLC NSA:CUSTODIAN
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Custodian Investment ROIC % Calculation

Custodian Investment'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
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=77744.931 * ( 1 - 12.57% )/( (365860.98305 + 815722.68385)/ 2 )
=67972.3931733/590791.83345
=11.51 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=416238.549 - 14515.354 - ( 43955.691 - 5% * 161869.581 )
=365860.98305

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1064733.159 - 85131.15 - ( 174182.932 - 5% * 206072.137 )
=815722.68385

Custodian Investment's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=85861.652 * ( 1 - 16.64% )/( (807175.7474 + 818869.7089)/ 2 )
=71574.2731072/813022.72815
=8.80 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1064733.159 - 85131.15 - ( 174182.932 - 5% * 35133.408 )
=807175.7474

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1108570.246 - 129297.087 - ( 163988.612 - 5% * 71703.238 )
=818869.7089

Note: The EBIT 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 8.80% mean?
Custodian Investment (NSA:CUSTODIAN) has a ROIC % of 8.80% 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 Custodian Investment and its competitors.
Is Custodian Investment's ROIC % too high?
Custodian Investment's current ROIC % is 8.80%. The Insurance industry median ROIC % is 3.36. Custodian Investment's value of 8.80% is 161.9% above this industry median. Overall, Custodian Investment has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Custodian Investment's ROIC % compare to BRK.A and AIG?
Custodian Investment's ROIC % of 8.80% can be compared against companies in the Insurance industry. The industry median ROIC % is 3.36. Custodian Investment's value of 8.80% is 161.9% 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 an Insurance company?
The median ROIC % among Insurance companies is 3.36, based on 370 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. Custodian Investment's current ROIC % of 8.80% is 161.9% 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 Custodian Investment and its competitors. For the Insurance industry, the median ROIC % is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Custodian Investment's current ROIC % is 8.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Custodian Investment stock overvalued right now?
Based on GuruFocus' analysis, Custodian Investment (NSA:CUSTODIAN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦29.20, compared to a current price of ₦65.90 — trading 125.7% above its estimated fair value. The current ROIC % is 8.80% and 161.9% above the Insurance industry median of 3.36. Custodian Investment's overall GF Score™ is 70/100. 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 Custodian Investment (NSA:CUSTODIAN), the current ROIC % is 8.80% 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 Custodian Investment (NSA:CUSTODIAN) Overvalued in 2026?

Based on GuruFocus' analysis, Custodian Investment stock appears to be overvalued. The current stock price of ₦65.90 is trading 125.7% above its estimated GF Value™ of ₦29.20. GuruFocus considers Custodian Investment to be Significantly Overvalued.

Key valuation signals for NSA:CUSTODIAN:

  • ROIC %: 8.80%
  • GF Value™: ₦29.20 vs. price of ₦65.90 (125.7% above fair value)
  • GF Score™: 70/100
  • Industry Position: 161.9% above the Insurance median

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


Custodian Investment Business Description

Address 16A, Commercial Avenue, Custodian House, P.O. Box 2101, Sabo, Yaba, Lagos, NGA
Custodian Investment PLC is an investment holding company having interests in Life Insurance, General Insurance, Pensions, Trustees, Property and Financial Services Business. Its segments include Property/Casualty Insurance, Life Insurance, Pension Asset Management, Trusteeship/Company Secretary Services, Hospitality, Asset Management, and Property development and management. The majority of the revenue is derived from Property development and management segment.
70GF Score

Get the complete analysis for NSA:CUSTODIAN

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

₦65.90
Price
₦29.20
GF Value