CMC MarketsCCMMF 76 WACC % is 4.86% as of Jun. 30, 2026, which is 34% below its 10-year median of 7.38. GuruFocus rates CCMMF with a GF Score™ of 76/100 and a GF Value™ of $1.56. The stock has 8 warning signs investors should review. Among 831 Capital Markets companies, CMC Markets ranks better than 70.16% on this metric.
As of today (2026-06-30), CMC Markets's weighted average cost of capital is 4.86%%. CMC Markets's ROIC % is 37.67% (calculated using TTM income statement data).
CMC Markets 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.
For a comprehensive WACC calculation, please access the WACC Calculator.
CMC Markets (OTCPK:CCMMF) WACC % Explanation
Because it costs money to raise capital. A firm that generates higher ROIC % 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, CMC Markets's weighted average cost of capital is 4.86%%. CMC Markets's ROIC % is 37.67% (calculated using TTM income statement data).
CMC Markets 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
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year semi-annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year semi-annual average debt to get the simplified cost of debt.
Related Terms
CMC Markets WACC % Historical Data
* Premium members only.
The historical data trend for CMC Markets's WACC % 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.
For the Capital Markets subindustry, CMC Markets's WACC %, along with its competitors' market caps and WACC % 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.
CMC Markets WACC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, CMC Markets's WACC % distribution charts can be found below:
* The bar in red indicates where CMC Markets's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, CMC Markets's market capitalization (E) is $1609.286 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year semi-annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2026, CMC Markets's latest one-year semi-annual average Book Value of Debt (D) is $65.2147 Mil.
a) weight of equity = E / (E + D) = 1609.286 / (1609.286 + 65.2147) = 0.9611
b) weight of debt = D / (E + D) = 65.2147 / (1609.286 + 65.2147) = 0.0389
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 4.9416%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. CMC Markets's beta is -0.0112.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 4.9416% + -0.0112 * 6% = 4.8744%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year semi-annual average debt to get the simplified cost of debt.
As of Mar. 2026, CMC Markets's interest expense (positive number) was $4.005 Mil. Its total Book Value of Debt (D) is $65.2147 Mil.
Cost of Debt = 4.005 / 65.2147 = 6.1413%.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = 37.036 / 136.012 = 27.23%.
CMC Markets's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.9611
*
4.8744%
+
0.0389
*
6.1413%
*
(1 - 27.23%)
=
4.86%
* 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.
CMC Markets (CCMMF) has a WACC % of 4.86% as of Jun. 30, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on CMC Markets and its competitors. This is 34% below median its historical median of 7.38. According to the industry distribution chart, CMC Markets ranks #248 out of 831 companies in the Capital Markets industry, placing it in the top 29.8%.
Is CMC Markets' WACC % too high?
CMC Markets' current WACC % of 4.86% is 34% below median its 10-year median of 7.38. The Capital Markets industry median WACC % is 9.20. CMC Markets' value of 4.86% is 47.2% below this industry median. Based on the distribution chart, CMC Markets ranks #248 out of 831 companies in the Capital Markets industry, which is above the industry midpoint. Overall, CMC Markets has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does CMC Markets' WACC % compare to MS and GS?
According to the Capital Markets industry distribution chart, CMC Markets ranks #248 out of 831 companies for WACC %. This puts CMC Markets in the upper half of its industry. The industry median WACC % is 9.20. CMC Markets' value of 4.86% is 47.2% below this benchmark. While the company's 10-year median is 7.38 vs. the industry median of 9.20, CMC Markets has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good WACC % for a Capital Markets company?
The median WACC % among Capital Markets companies is 9.20, based on 831 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMC Markets's current WACC % of 4.86% is 47.2% 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 WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on CMC Markets and its competitors. For the Capital Markets industry, the median WACC % is 9.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC Markets's current WACC % is 4.86%, which is 34% below median its own 10-year median of 7.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMC Markets stock overvalued right now?
CMC Markets (CCMMF) has a current WACC % of 4.86%. The stock's GF Value™ is $1.56, compared to a current price of $2.50 — trading 60.3% above its estimated fair value. The current WACC % is 4.86%, which is 34% below median its 10-year median of 7.38 and 47.2% below the Capital Markets industry median of 9.20. CMC Markets' overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For CMC Markets (CCMMF), the current WACC % is 4.86% as of Jun. 30, 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 CMC Markets (CCMMF) Overvalued in 2026?
Based on GuruFocus' analysis, CMC Markets stock appears to be overvalued.
The current stock price of $2.50 is trading 60.3% above its estimated GF Value™ of $1.56.
Key valuation signals for CCMMF:
WACC %: 4.86% (34% below median its 10-year median of 7.38)
GF Value™: $1.56 vs. price of $2.50 (60.3% above fair value)
Industry Position: 47.2% below the Capital Markets median (#248 of 831)
No single metric tells the full story. See the CCMMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMC Markets PLC is a United Kingdom-based company that provides an online platform for trading and investing, with a comprehensive retail, professional, and institutional offering. The Group's business consists of two segments, Trading and Investing. The majority of its revenue is generated from the Trading segment, whose core business involves online trading, enabling clients to trade a broad array of financial instruments for short-term investment and hedging purposes. Additionally, the trading segment includes the Treasury Management and Capital Markets Division that invests surplus liquidity to enhance yield. The Investing segment supports clients longer-term investment goals. The group offers online stockbroking services in Australia, the UK, the USA, and Singapore.
76GF Score
Get the complete analysis for CCMMF
WACC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CCMMF has been successfully added to your 
