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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.
Immunotech BiopharmHKSE:06978 17 WACC % is 3.58% as of Aug. 13, 2026, which is 46% below its 10-year median of 6.60. GuruFocus rates HKSE:06978 with a GF Score™ of 17/100. The stock has 4 warning signs investors should review. Among 1,420 Biotechnology companies, Immunotech Biopharm ranks better than 87.39% on this metric.
As of today (2026-08-13), Immunotech Biopharm's weighted average cost of capital is 3.58%%. Immunotech Biopharm's ROIC % is -19.58% (calculated using TTM income statement data).
Immunotech Biopharm earns returns that do not match up to its cost of capital. It will destroy value as it grows.
For a comprehensive WACC calculation, please access the WACC Calculator.
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, Immunotech Biopharm's weighted average cost of capital is 3.58%%. Immunotech Biopharm's ROIC % is -19.58% (calculated using TTM income statement data).
Immunotech Biopharm earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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
Immunotech Biopharm WACC % Historical Data
* Premium members only.
The historical data trend for Immunotech Biopharm'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 Biotechnology subindustry, Immunotech Biopharm'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.
Immunotech Biopharm WACC % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Immunotech Biopharm's WACC % distribution charts can be found below:
* The bar in red indicates where Immunotech Biopharm'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, Immunotech Biopharm's market capitalization (E) is HK$237.738 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 Dec. 2025, Immunotech Biopharm's latest one-year semi-annual average Book Value of Debt (D) is HK$463.0747 Mil.
a) weight of equity = E / (E + D) = 237.738 / (237.738 + 463.0747) = 0.3392
b) weight of debt = D / (E + D) = 463.0747 / (237.738 + 463.0747) = 0.6608
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 4.649%. 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. Immunotech Biopharm's beta is 0.4613.
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 = 4.649% + 0.4613 * 6% = 7.4168%
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 Dec. 2025, Immunotech Biopharm's interest expense (positive number) was HK$7.481 Mil. Its total Book Value of Debt (D) is HK$463.0747 Mil.
Cost of Debt = 7.481 / 463.0747 = 1.6155%.
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 = 0 / -253.583 = 0%.
Immunotech Biopharm'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)
=
0.3392
*
7.4168%
+
0.6608
*
1.6155%
*
(1 - 0%)
=
3.58%
* 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.
Immunotech Biopharm (HKSE:06978) has a WACC % of 3.58% as of Aug. 13, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Immunotech Biopharm and its competitors. This is 46% below median its historical median of 6.60. Over the past decade, Immunotech Biopharm's WACC % has ranged from 0.55 to 9.61. According to the industry distribution chart, Immunotech Biopharm ranks #179 out of 1420 companies in the Biotechnology industry, placing it in the top 12.6%.
Is Immunotech Biopharm's WACC % too high?
Immunotech Biopharm's current WACC % of 3.58% is 46% below median its 10-year median of 6.60. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 9.61. The Biotechnology industry median WACC % is 10.10. Immunotech Biopharm's value of 3.58% is 64.6% below this industry median. Based on the distribution chart, Immunotech Biopharm ranks #179 out of 1420 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Immunotech Biopharm has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Immunotech Biopharm's WACC % compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Immunotech Biopharm ranks #179 out of 1420 companies for WACC %. This places Immunotech Biopharm in the top 13% of its industry — outperforming the majority of peers. The industry median WACC % is 10.10. Immunotech Biopharm's value of 3.58% is 64.6% below this benchmark. Historically, Immunotech Biopharm's own WACC % has ranged from 0.55 to 9.61 over the past decade. While the company's 10-year median is 6.60 vs. the industry median of 10.10, Immunotech Biopharm 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 Biotechnology company?
The median WACC % among Biotechnology companies is 10.10, based on 1,420 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. Immunotech Biopharm's current WACC % of 3.58% is 64.6% 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 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 Immunotech Biopharm and its competitors. For the Biotechnology industry, the median WACC % is 10.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Immunotech Biopharm's current WACC % is 3.58%, which is 46% below median its own 10-year median of 6.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Immunotech Biopharm stock overvalued right now?
Immunotech Biopharm (HKSE:06978) has a current WACC % of 3.58%. The current WACC % is 3.58%, which is 46% below median its 10-year median of 6.60 and 64.6% below the Biotechnology industry median of 10.10. Immunotech Biopharm's overall GF Score™ is 17/100 with 4 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 Immunotech Biopharm (HKSE:06978), the current WACC % is 3.58% as of Aug. 13, 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.
Immunotech Biopharm Ltd is a cellular immunotherapy biopharmaceutical company in China. The company is focused on the research, development, and commercialization of T-cell immunotherapy. Its product EAL is a multi-target cellular immunotherapy product for the treatment of various types of cancer. Its product pipeline features classes of cellular immunotherapy products, including both non-genetically modified and genetically modified products, as well as both multi-target and single-target products. Its other products include the CAR-T cell series and the TCR-T cell series.
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