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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Grand Fortune Securities Co's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 8.37%.
As of today (2026-07-26), Grand Fortune Securities Co's WACC % is 3.59%. Grand Fortune Securities Co's ROIC % is 5.52% (calculated using TTM income statement data).
Grand Fortune Securities Co 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.
Grand Fortune Securities Co (ROCO:6026) 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, Grand Fortune Securities Co's WACC % is 3.59%. Grand Fortune Securities Co's ROIC % is 5.52% (calculated using TTM income statement data).
Grand Fortune Securities Co 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.
Grand Fortune Securities Co ROIC % Related Terms
Grand Fortune Securities Co 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 Capital Markets subindustry, Grand Fortune Securities Co'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.
Grand Fortune Securities Co ROIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Grand Fortune Securities Co's ROIC % distribution charts can be found below:
* The bar in red indicates where Grand Fortune Securities Co's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Dec. 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.
Grand Fortune Securities Co (ROCO:6026) has a ROIC % of 8.37% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Grand Fortune Securities Co and its competitors.
Is Grand Fortune Securities Co's ROIC % too high?
Grand Fortune Securities Co's current ROIC % is 8.37%. The Capital Markets industry median ROIC % is 1.34. Grand Fortune Securities Co's value of 8.37% is 524.6% above this industry median. Overall, Grand Fortune Securities Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Fortune Securities Co's ROIC % compare to MS and GS?
Grand Fortune Securities Co's ROIC % of 8.37% can be compared against companies in the Capital Markets industry. The industry median ROIC % is 1.34. Grand Fortune Securities Co's value of 8.37% is 524.6% 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 Capital Markets company?
The median ROIC % among Capital Markets companies is 1.34, based on 696 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. Grand Fortune Securities Co's current ROIC % of 8.37% is 524.6% 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 Grand Fortune Securities Co and its competitors. For the Capital Markets industry, the median ROIC % is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Fortune Securities Co's current ROIC % is 8.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Fortune Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Grand Fortune Securities Co (ROCO:6026) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$12.43, compared to a current price of NT$14.30 — trading 15% above its estimated fair value. The current ROIC % is 8.37% and 524.6% above the Capital Markets industry median of 1.34. Grand Fortune Securities Co's overall GF Score™ is 66/100 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 Grand Fortune Securities Co (ROCO:6026), the current ROIC % is 8.37% as of Dec. 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.
Is Grand Fortune Securities Co (ROCO:6026) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Fortune Securities Co stock appears to be overvalued.
The current stock price of NT$14.30 is trading 15% above its estimated GF Value™ of NT$12.43.
GuruFocus considers Grand Fortune Securities Co to be Modestly Overvalued.
Key valuation signals for ROCO:6026:
ROIC %: 8.37%
GF Value™: NT$12.43 vs. price of NT$14.30 (15% above fair value)
Industry Position: 524.6% above the Capital Markets median
No single metric tells the full story. See the ROCO:6026 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Fortune Securities Co Ltd is a Taiwan-based integrated securities house that runs businesses of the underwriting of marketable securities, proprietary trading, brokerage of marketable securities, stock registrar, and other securities-related businesses approved by the regulators. The company's segment consists of the Brokerage Department, Underwriting Department, Proprietary Trading Department, and Others. The company derives the majority of its revenue from the Proprietary Trading Department and the Underwriting Department.
66GF Score
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