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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 %. Industrial Holding Bulgaria AD's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was -0.66%.
As of today (2026-07-28), Industrial Holding Bulgaria AD's WACC % is 9.12%. Industrial Holding Bulgaria AD's ROIC % is 0.53% (calculated using TTM income statement data).
Industrial Holding Bulgaria AD earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Industrial Holding Bulgaria AD (XBUL:IHB) 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, Industrial Holding Bulgaria AD's WACC % is 9.12%. Industrial Holding Bulgaria AD's ROIC % is 0.53% (calculated using TTM income statement data).
Industrial Holding Bulgaria AD 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.
Industrial Holding Bulgaria AD ROIC % Related Terms
Industrial Holding Bulgaria AD 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 Conglomerates subindustry, Industrial Holding Bulgaria AD'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.
Industrial Holding Bulgaria AD ROIC % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Industrial Holding Bulgaria AD's ROIC % distribution charts can be found below:
* The bar in red indicates where Industrial Holding Bulgaria AD'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.
Industrial Holding Bulgaria AD (XBUL:IHB) has a ROIC % of -0.66% 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 Industrial Holding Bulgaria AD and its competitors.
Is Industrial Holding Bulgaria AD's ROIC % too high?
Industrial Holding Bulgaria AD's current ROIC % is -0.66%. Overall, Industrial Holding Bulgaria AD has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Industrial Holding Bulgaria AD's ROIC % compare to MMM and HON?
Industrial Holding Bulgaria AD's ROIC % of -0.66% can be compared against companies in the Conglomerates industry. The industry median ROIC % is 2.78. 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 Conglomerates company?
The median ROIC % among Conglomerates companies is 2.78, based on 554 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 Industrial Holding Bulgaria AD and its competitors. For the Conglomerates industry, the median ROIC % is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial Holding Bulgaria AD's current ROIC % is -0.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Holding Bulgaria AD stock overvalued right now?
Based on GuruFocus' analysis, Industrial Holding Bulgaria AD (XBUL:IHB) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.32, compared to a current price of €0.80 — trading 39.4% below its estimated fair value. The current ROIC % is -0.66%. Industrial Holding Bulgaria AD's overall GF Score™ is 58/100 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 Industrial Holding Bulgaria AD (XBUL:IHB), the current ROIC % is -0.66% 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 Industrial Holding Bulgaria AD (XBUL:IHB) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial Holding Bulgaria AD stock appears to be undervalued.
The current stock price of €0.80 is trading 39.4% below its estimated GF Value™ of €1.32.
GuruFocus considers Industrial Holding Bulgaria AD to be Significantly Undervalued.
Key valuation signals for XBUL:IHB:
ROIC %: -0.66%
GF Value™: €1.32 vs. price of €0.80 (39.4% below fair value)
No single metric tells the full story. See the XBUL:IHB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial Holding Bulgaria AD Business Description
Industrial Holding Bulgaria AD is engaged in acquisition, management, assessment and sale of shares in Bulgarian and foreign companies, acquisition, assessment and sale of patents, cession of licenses to use patents to companies in which the company holds shares, financing of companies in which the company holds shares, as well as any other activity not prohibited by law.
58GF Score
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