Industrie De Nora SpACHIX:DNRM 81 WACC % is 4.63% as of Jul. 06, 2026, which is 47% below its 10-year median of 8.73. GuruFocus rates CHIX:DNRM with a GF Score™ of 81/100 and a GF Value™ of €9.99. The stock has 3 warning signs investors should review. Among 3,080 Industrial Products companies, Industrie De Nora SpA ranks worse than 70.75% on this metric.
As of today (2026-07-06), Industrie De Nora SpA's weighted average cost of capital is 4.63%%. Industrie De Nora SpA's ROIC % is 8.29% (calculated using TTM income statement data).
Industrie De Nora SpA 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.
Industrie De Nora SpA (CHIX:DNRm) 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, Industrie De Nora SpA's weighted average cost of capital is 4.63%%. Industrie De Nora SpA's ROIC % is 8.29% (calculated using TTM income statement data).
Industrie De Nora SpA 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 quarterly 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 quarterly average debt to get the simplified cost of debt.
* 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 Electrical Equipment & Parts subindustry, Industrie De Nora SpA'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.
Industrie De Nora SpA WACC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Industrie De Nora SpA's WACC % distribution charts can be found below:
* The bar in red indicates where Industrie De Nora SpA'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, Industrie De Nora SpA's market capitalization (E) is €1351.494 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 quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2026, Industrie De Nora SpA's latest one-year quarterly average Book Value of Debt (D) is €119.267 Mil.
a) weight of equity = E / (E + D) = 1351.494 / (1351.494 + 119.267) = 0.9189
b) weight of debt = D / (E + D) = 119.267 / (1351.494 + 119.267) = 0.0811
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 3.818%. 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. Industrie De Nora SpA's beta is 0.1766.
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 = 3.818% + 0.1766 * 6% = 4.8776%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
As of Mar. 2026, Industrie De Nora SpA's interest expense (positive number) was €3.155 Mil. Its total Book Value of Debt (D) is €119.267 Mil.
Cost of Debt = 3.155 / 119.267 = 2.6453%.
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 = 34.947 / 119.658 = 29.21%.
Industrie De Nora SpA'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)
=
0.9189
*
4.8776%
+
0.0811
*
2.6453%
*
(1 - 29.21%)
=
4.63%
* 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.
Industrie De Nora SpA (CHIX:DNRM) has a WACC % of 4.63% as of Jul. 06, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Industrie De Nora SpA and its competitors. This is 47% below median its historical median of 8.73. Over the past decade, Industrie De Nora SpA's WACC % has ranged from 1.53 to 11.70. According to the industry distribution chart, Industrie De Nora SpA ranks #2179 out of 3080 companies in the Industrial Products industry, placing it in the top 70.7%.
Is Industrie De Nora SpA's WACC % too high?
Industrie De Nora SpA's current WACC % of 4.63% is 47% below median its 10-year median of 8.73. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 11.70. The Industrial Products industry median WACC % is 9.67. Industrie De Nora SpA's value of 4.63% is 52.1% below this industry median. Based on the distribution chart, Industrie De Nora SpA ranks #2179 out of 3080 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Industrie De Nora SpA has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Industrie De Nora SpA's WACC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Industrie De Nora SpA ranks #2179 out of 3080 companies for WACC %. This places Industrie De Nora SpA in the lower half of its industry. The industry median WACC % is 9.67. Industrie De Nora SpA's value of 4.63% is 52.1% below this benchmark. Historically, Industrie De Nora SpA's own WACC % has ranged from 1.53 to 11.70 over the past decade. While the company's 10-year median is 8.73 vs. the industry median of 9.67, Industrie De Nora SpA 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 an Industrial Products company?
The median WACC % among Industrial Products companies is 9.67, based on 3,080 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. Industrie De Nora SpA's current WACC % of 4.63% is 52.1% 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 Industrie De Nora SpA and its competitors. For the Industrial Products industry, the median WACC % is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrie De Nora SpA's current WACC % is 4.63%, which is 47% below median its own 10-year median of 8.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrie De Nora SpA stock overvalued right now?
Industrie De Nora SpA (CHIX:DNRM) has a current WACC % of 4.63%. The stock's GF Value™ is €9.99, compared to a current price of €7.52 — trading 24.7% below its estimated fair value. The current WACC % is 4.63%, which is 47% below median its 10-year median of 8.73 and 52.1% below the Industrial Products industry median of 9.67. Industrie De Nora SpA's overall GF Score™ is 81/100 with 3 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 Industrie De Nora SpA (CHIX:DNRM), the current WACC % is 4.63% as of Jul. 06, 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 Industrie De Nora SpA (CHIX:DNRM) Overvalued in 2026?
Based on GuruFocus' analysis, Industrie De Nora SpA stock appears to be undervalued.
The current stock price of €7.52 is trading 24.7% below its estimated GF Value™ of €9.99.
Key valuation signals for CHIX:DNRM:
WACC %: 4.63% (47% below median its 10-year median of 8.73)
GF Value™: €9.99 vs. price of €7.52 (24.7% below fair value)
Industry Position: 52.1% below the Industrial Products median (#2179 of 3080)
No single metric tells the full story. See the CHIX:DNRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrie De Nora SpA manufactures and distributes chemicals. The company is organized into three segments: the Electrode Technologies business, Energy Transition and the Water Technologies business. Electrode Technologies segment earns the majority of companies revenues. The company's products include Analyzers & Detectors, Anodes for Chlorine Evolution, Anodes for oxygen evolution, Cathodes for Hydrogen Evolution, Disinfection systems, Electrochlorination systems, Filtration Solutions, Membrane Technologies, Contaminant removal systems.
81GF Score
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