PT Victoria Investama TbkISX:VICO -2.16%74 WACC % is 30.93% as of Jun. 27, 2026, which is 19% below its 10-year median of 38.16. GuruFocus rates ISX:VICO with a GF Score™ of 74/100 and a GF Value™ of Rp160.22 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,653 Asset Management companies, PT Victoria Investama Tbk ranks worse than 99.82% on this metric.
As of today (2026-06-27), PT Victoria Investama Tbk's weighted average cost of capital is 30.93%%. PT Victoria Investama Tbk's ROIC % is 4.39% (calculated using TTM income statement data).
PT Victoria Investama Tbk 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.
PT Victoria Investama Tbk (ISX:VICO) 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, PT Victoria Investama Tbk's weighted average cost of capital is 30.93%%. PT Victoria Investama Tbk's ROIC % is 4.39% (calculated using TTM income statement data).
PT Victoria Investama Tbk 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 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 Asset Management subindustry, PT Victoria Investama Tbk'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.
PT Victoria Investama Tbk WACC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PT Victoria Investama Tbk's WACC % distribution charts can be found below:
* The bar in red indicates where PT Victoria Investama Tbk'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, PT Victoria Investama Tbk's market capitalization (E) is Rp2069522.289 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, PT Victoria Investama Tbk's latest one-year quarterly average Book Value of Debt (D) is Rp3201393.2674 Mil.
a) weight of equity = E / (E + D) = 2069522.289 / (2069522.289 + 3201393.2674) = 0.3926
b) weight of debt = D / (E + D) = 3201393.2674 / (2069522.289 + 3201393.2674) = 0.6074
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 4.376%. 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. PT Victoria Investama Tbk's beta is 1.3711.
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 = 4.376% + 1.3711 * 6% = 12.6026%
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, PT Victoria Investama Tbk's interest expense (positive number) was Rp1711064.777 Mil. Its total Book Value of Debt (D) is Rp3201393.2674 Mil.
Cost of Debt = 1711064.777 / 3201393.2674 = 53.4475%.
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 = 134845.841 / 675102.156 = 19.97%.
* 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.
PT Victoria Investama Tbk (ISX:VICO) has a WACC % of 30.93% as of Jun. 27, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on PT Victoria Investama Tbk and its competitors. This is 19% below median its historical median of 38.16. Over the past decade, PT Victoria Investama Tbk's WACC % has ranged from 17.45 to 61.68. According to the industry distribution chart, PT Victoria Investama Tbk ranks #1650 out of 1653 companies in the Asset Management industry, placing it in the top 99.8%.
Is PT Victoria Investama Tbk's WACC % too high?
PT Victoria Investama Tbk's current WACC % of 30.93% is 19% below median its 10-year median of 38.16. Over the past 10 years, this metric has ranged from a low of 17.45 to a high of 61.68. The Asset Management industry median WACC % is 5.68. PT Victoria Investama Tbk's value of 30.93% is 444.5% above this industry median. Based on the distribution chart, PT Victoria Investama Tbk ranks #1650 out of 1653 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, PT Victoria Investama Tbk has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Victoria Investama Tbk's WACC % compare to BLK and BX?
According to the Asset Management industry distribution chart, PT Victoria Investama Tbk ranks #1650 out of 1653 companies for WACC %. This places PT Victoria Investama Tbk in the lower half of its industry. The industry median WACC % is 5.68. PT Victoria Investama Tbk's value of 30.93% is 444.5% above this benchmark. Historically, PT Victoria Investama Tbk's own WACC % has ranged from 17.45 to 61.68 over the past decade. While the company's 10-year median is 38.16 vs. the industry median of 5.68, PT Victoria Investama Tbk has consistently been above 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 Asset Management company?
The median WACC % among Asset Management companies is 5.68, based on 1,653 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. PT Victoria Investama Tbk's current WACC % of 30.93% is 444.5% 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 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 PT Victoria Investama Tbk and its competitors. For the Asset Management industry, the median WACC % is 5.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Victoria Investama Tbk's current WACC % is 30.93%, which is 19% below median its own 10-year median of 38.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Victoria Investama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Victoria Investama Tbk (ISX:VICO) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp160.22, compared to a current price of Rp136.00 — trading 15.1% below its estimated fair value. The current WACC % is 30.93%, which is 19% below median its 10-year median of 38.16 and 444.5% above the Asset Management industry median of 5.68. PT Victoria Investama Tbk's overall GF Score™ is 74/100 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 PT Victoria Investama Tbk (ISX:VICO), the current WACC % is 30.93% as of Jun. 27, 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 PT Victoria Investama Tbk (ISX:VICO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Victoria Investama Tbk stock appears to be undervalued.
The current stock price of Rp136.00 is trading 15.1% below its estimated GF Value™ of Rp160.22.
GuruFocus considers PT Victoria Investama Tbk to be Modestly Undervalued.
Key valuation signals for ISX:VICO:
WACC %: 30.93% (19% below median its 10-year median of 38.16)
GF Value™: Rp160.22 vs. price of Rp136.00 (15.1% below fair value)
Industry Position: 444.5% above the Asset Management median (#1650 of 1653)
No single metric tells the full story. See the ISX:VICO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Victoria Investama Tbk is a holding company engaged in the investment sector, with a focus on providing integrated financial services for both corporate clients and retail customers. It provides various services including Securities Trading, Securities Underwriting, Asset Management, General Insurance, Life Insurance, as well as Banking. The company's segments include consulting services, underwriting and securities trading brokerage, loss insurance, investment management, life insurance and banking. The banking segment is the main revenue contributor.
74GF Score
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