Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Springer Nature AG KGaA's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 10.91%.
As of today (2026-08-09), Springer Nature AG KGaA's WACC % is 7.94%. Springer Nature AG KGaA's ROIC % is 8.19% (calculated using TTM income statement data).
Springer Nature AG KGaA 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.
Springer Nature AG KGaA (OTCPK:SPGNY) 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, Springer Nature AG KGaA's WACC % is 7.94%. Springer Nature AG KGaA's ROIC % is 8.19% (calculated using TTM income statement data).
Springer Nature AG KGaA 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.
* 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 Publishing subindustry, Springer Nature AG KGaA'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.
Springer Nature AG KGaA ROIC % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Springer Nature AG KGaA's ROIC % distribution charts can be found below:
* The bar in red indicates where Springer Nature AG KGaA's ROIC % falls into.
Note:
The Operating Income data used here is two times the semi-annual (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.
Springer Nature AG KGaA (SPGNY) has a ROIC % of 10.91% 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 Springer Nature AG KGaA and its competitors.
Is Springer Nature AG KGaA's ROIC % too high?
Springer Nature AG KGaA's current ROIC % is 10.91%. The Media - Diversified industry median ROIC % is 1.45. Springer Nature AG KGaA's value of 10.91% is 655% above this industry median. Overall, Springer Nature AG KGaA has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Springer Nature AG KGaA's ROIC % compare to NYT and WLY?
Springer Nature AG KGaA's ROIC % of 10.91% can be compared against companies in the Media - Diversified industry. The industry median ROIC % is 1.45. Springer Nature AG KGaA's value of 10.91% is 655% 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 Media - Diversified company?
The median ROIC % among Media - Diversified companies is 1.45, based on 1,008 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. Springer Nature AG KGaA's current ROIC % of 10.91% is 655% 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 Springer Nature AG KGaA and its competitors. For the Media - Diversified industry, the median ROIC % is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Springer Nature AG KGaA's current ROIC % is 10.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Springer Nature AG KGaA stock overvalued right now?
Springer Nature AG KGaA (SPGNY) has a current ROIC % of 10.91%. The current ROIC % is 10.91% and 655% above the Media - Diversified industry median of 1.45. Springer Nature AG KGaA's overall GF Score™ is 41/100 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 Springer Nature AG KGaA (SPGNY), the current ROIC % is 10.91% 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.
Springer Nature AG & Co KGaA is a research, educational, and professional publisher providing content to communities through a range of platforms, products, and services. It offers journals, books, platforms, databases & and solutions. The company includes three Segments: Research, Education, and Health. The company operates in the Americas, APAC, Germany, and Other EMEA regions. The majority of revenue is generated from the research segment in America.
41GF Score
Get the complete analysis for SPGNY
ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SPGNY has been successfully added to your 
