ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Koninklijke Ahold Delhaize NV's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 5.34%.
As of today (2026-06-25), Koninklijke Ahold Delhaize NV's WACC % is 5.49%. Koninklijke Ahold Delhaize NV's ROIC % is 5.30% (calculated using TTM income statement data).
Koninklijke Ahold Delhaize NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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, Koninklijke Ahold Delhaize NV's WACC % is 5.49%. Koninklijke Ahold Delhaize NV's ROIC % is 5.30% (calculated using TTM income statement data).
Koninklijke Ahold Delhaize NV 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.
Koninklijke Ahold Delhaize NV ROIC % Related Terms
Koninklijke Ahold Delhaize NV 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 Grocery Stores subindustry, Koninklijke Ahold Delhaize NV'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.
Koninklijke Ahold Delhaize NV ROIC % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Koninklijke Ahold Delhaize NV's ROIC % distribution charts can be found below:
* The bar in red indicates where Koninklijke Ahold Delhaize NV'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.
Koninklijke Ahold Delhaize NV (XSWX:AD) has a ROIC % of 5.34% 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 Koninklijke Ahold Delhaize NV and its competitors.
Is Koninklijke Ahold Delhaize NV's ROIC % too high?
Koninklijke Ahold Delhaize NV's current ROIC % is 5.34%. The Retail - Defensive industry median ROIC % is 5.54. Koninklijke Ahold Delhaize NV's value of 5.34% is 3.6% below this industry median. Overall, Koninklijke Ahold Delhaize NV has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koninklijke Ahold Delhaize NV's ROIC % compare to KR and SFM?
Koninklijke Ahold Delhaize NV's ROIC % of 5.34% can be compared against companies in the Retail - Defensive industry. The industry median ROIC % is 5.54. Koninklijke Ahold Delhaize NV's value of 5.34% is 3.6% below 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 Retail - Defensive company?
The median ROIC % among Retail - Defensive companies is 5.54, based on 309 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. Koninklijke Ahold Delhaize NV's current ROIC % of 5.34% is 3.6% below 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 Koninklijke Ahold Delhaize NV and its competitors. For the Retail - Defensive industry, the median ROIC % is 5.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koninklijke Ahold Delhaize NV's current ROIC % is 5.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koninklijke Ahold Delhaize NV stock overvalued right now?
Based on GuruFocus' analysis, Koninklijke Ahold Delhaize NV (XSWX:AD) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF27.58, compared to a current price of CHF32.33 — trading 17.2% above its estimated fair value. The current ROIC % is 5.34% and 3.6% below the Retail - Defensive industry median of 5.54. Koninklijke Ahold Delhaize NV's overall GF Score™ is 88/100 with 3 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 Koninklijke Ahold Delhaize NV (XSWX:AD), the current ROIC % is 5.34% 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 Koninklijke Ahold Delhaize NV (XSWX:AD) Overvalued in 2026?
Based on GuruFocus' analysis, Koninklijke Ahold Delhaize NV stock appears to be overvalued.
The current stock price of CHF32.33 is trading 17.2% above its estimated GF Value™ of CHF27.58.
GuruFocus considers Koninklijke Ahold Delhaize NV to be Modestly Overvalued.
Key valuation signals for XSWX:AD:
ROIC %: 5.34%
GF Value™: CHF27.58 vs. price of CHF32.33 (17.2% above fair value)
Industry Position: 3.6% below the Retail - Defensive median
No single metric tells the full story. See the XSWX:AD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Koninklijke Ahold Delhaize NV Business Description
Ahold Delhaize is the product of the July 2016 merger between Netherlands-based Ahold and Belgium's Delhaize, forming the seventh-largest grocer in the US and a top player in several parts of Europe. The US is its largest market, accounting for over 60% of group sales, and the network stretches from Maine to Georgia, including banners Stop & Shop, The Giant Company, Giant Food, Food Lion, and Hannaford. The Europe segment accounts for the rest of the revenue, with the firm operating in the Netherlands, Belgium, Greece, Romania, Serbia, and Luxembourg.
88GF Score
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