Ingevec (XSGO:INGEVEC) ROIC %: 10.70% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XSGO:INGEVEC Ingevec SA XSGO:INGEVEC
68 GF Score
Price CLP200.99
GF Value CLP75.88
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Ingevec ROIC %?

Ingevec XSGO:INGEVEC 68 ROIC % is 10.70% as of Mar. 2026. GuruFocus rates XSGO:INGEVEC with a GF Score™ of 68/100 and a GF Value™ of CLP75.88 (Significantly Overvalued). The stock has 2 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Ingevec's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 10.70%.

As of today (2026-07-18), Ingevec's WACC % is 9.36%. Ingevec's ROIC % is 10.03% (calculated using TTM income statement data). Ingevec 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.


Ingevec  (XSGO:INGEVEC) 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, Ingevec's WACC % is 9.36%. Ingevec's ROIC % is 10.03% (calculated using TTM income statement data). Ingevec 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.


Ingevec ROIC % Related Terms


Ingevec ROIC % Historical Data

* Premium members only.

The historical data trend for Ingevec'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.

Ingevec ROIC % Chart

Ingevec 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 6.57 3.54 6.34 7.49 9.65

Ingevec 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 10.05 7.51 10.45 10.69 10.70

XSGO:INGEVEC vs PWR, FIX, EME: ROIC % Comparison

For the Engineering & Construction subindustry, Ingevec'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.


Ingevec ROIC % vs Construction Industry

For the Construction industry and Industrials sector, Ingevec's ROIC % distribution charts can be found below:

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


XSGO:INGEVEC
68GF Score
Ingevec SA XSGO:INGEVEC
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ingevec ROIC % Calculation

Ingevec'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
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=26691.138 * ( 1 - 21.8% )/( (201921.191 + 230455.003)/ 2 )
=20872.469916/216188.097
=9.65 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=252562.627 - 54515.32 - ( 20637.574 - max(0, 127930.264 - 124056.38+20637.574))
=201921.191

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=313142.575 - 74228.625 - ( 43908.375 - max(0, 123267.468 - 131726.415+43908.375))
=230455.003

Ingevec'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
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=34301.196 * ( 1 - 27.74% )/( (230455.003 + 233043.86)/ 2 )
=24786.0442296/231749.4315
=10.70 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=313142.575 - 74228.625 - ( 43908.375 - max(0, 123267.468 - 131726.415+43908.375))
=230455.003

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=369059.065 - 87726.913 - ( 78001.658 - max(0, 125065.738 - 173354.03+78001.658))
=233043.86

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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 10.70% mean?
Ingevec (XSGO:INGEVEC) has a ROIC % of 10.70% 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 Ingevec and its competitors.
Is Ingevec's ROIC % too high?
Ingevec's current ROIC % is 10.70%. The Construction industry median ROIC % is 4.67. Ingevec's value of 10.70% is 129.4% above this industry median. Overall, Ingevec has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ingevec's ROIC % compare to PWR and FIX?
Ingevec's ROIC % of 10.70% can be compared against companies in the Construction industry. The industry median ROIC % is 4.67. Ingevec's value of 10.70% is 129.4% 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 Construction company?
The median ROIC % among Construction companies is 4.67, based on 1,758 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. Ingevec's current ROIC % of 10.70% is 129.4% 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 Ingevec and its competitors. For the Construction industry, the median ROIC % is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ingevec's current ROIC % is 10.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ingevec stock overvalued right now?
Based on GuruFocus' analysis, Ingevec (XSGO:INGEVEC) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP75.88, compared to a current price of CLP200.99 — trading 164.9% above its estimated fair value. The current ROIC % is 10.70% and 129.4% above the Construction industry median of 4.67. Ingevec's overall GF Score™ is 68/100 with 2 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 Ingevec (XSGO:INGEVEC), the current ROIC % is 10.70% 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 Ingevec (XSGO:INGEVEC) Overvalued in 2026?

Based on GuruFocus' analysis, Ingevec stock appears to be overvalued. The current stock price of CLP200.99 is trading 164.9% above its estimated GF Value™ of CLP75.88. GuruFocus considers Ingevec to be Significantly Overvalued.

Key valuation signals for XSGO:INGEVEC:

  • ROIC %: 10.70%
  • GF Value™: CLP75.88 vs. price of CLP200.99 (164.9% above fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 129.4% above the Construction median

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


Ingevec Business Description

Address Cerro El Plomo 5680, 14th Floor, Las Condes, Santiago, CHL, 7560742
Ingevec SA operates in the real estate sector. It develops residential, commercial, and industrial projects and offers professional services and technical advice in engineering, architecture, design, construction, urbanization, and others. The company operates through the following business segments; Engineering and Construction, Real Estate, and Investments and Income. A majority of its revenue is generated from the Engineering and Construction segment which provides construction services to private and public clients, developing residential, warehouse, and commercial building projects. In addition, it participates in the development of public and private infrastructure projects. Geographically, the company operates in Chile, its key revenue generating market, and Peru.
68GF Score

Get the complete analysis for XSGO:INGEVEC

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

CLP200.99
Price
CLP75.88
GF Value