Express KenyaNAI:XPRS 42 WACC % is 9.67% as of Jul. 05, 2026, which is 36% above its 10-year median of 7.12. GuruFocus rates NAI:XPRS with a GF Score™ of 42/100 and a GF Value™ of KES2.57 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,112 Business Services companies, Express Kenya ranks worse than 70.05% on this metric.
As of today (2026-07-05), Express Kenya's weighted average cost of capital is 9.67%%. Express Kenya's ROIC % is -6.30% (calculated using TTM income statement data).
Express Kenya earns returns that do not match up to its cost of capital. It will destroy value as it grows.
*Note: The beta of this company cannot be obtained because it has a price history shorter than 3 years. It will thus be set to 1 as default to calculate WACC.
For a comprehensive WACC calculation, please access the WACC Calculator.
Express Kenya (NAI:XPRS) 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, Express Kenya's weighted average cost of capital is 9.67%%. Express Kenya's ROIC % is -6.30% (calculated using TTM income statement data).
Express Kenya earns returns that do not match up to its cost of capital. It will destroy value as it grows.
*Note: The beta of this company cannot be obtained because it has a price history shorter than 3 years. It will thus be set to 1 as default to calculate WACC.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year 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 annual Interest Expense divided by the latest one-year annual average debt to get the simplified cost of debt.
Related Terms
Express Kenya WACC % Historical Data
* Premium members only.
The historical data trend for Express Kenya'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 Specialty Business Services subindustry, Express Kenya'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.
Express Kenya WACC % vs Business Services Industry
For the Business Services industry and Industrials sector, Express Kenya's WACC % distribution charts can be found below:
* The bar in red indicates where Express Kenya'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, Express Kenya's market capitalization (E) is KES342.568 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 annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Dec. 2025, Express Kenya's latest one-year annual average Book Value of Debt (D) is KES456.5965 Mil.
a) weight of equity = E / (E + D) = 342.568 / (342.568 + 456.5965) = 0.4287
b) weight of debt = D / (E + D) = 456.5965 / (342.568 + 456.5965) = 0.5713
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 4.485%. 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. Express Kenya's beta cannot be obtained because it has a price history shorter than 3 years. It will thus be set to 1 as default to calculate WACC.
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 = 4.485% + 1 * 6% = 10.485%
3. Cost of Debt:
GuruFocus uses latest annual Interest Expense divided by the latest one-year annual average debt to get the simplified cost of debt.
As of Dec. 2025, Express Kenya's interest expense (positive number) was KES51.528 Mil. Its total Book Value of Debt (D) is KES456.5965 Mil.
Cost of Debt = 51.528 / 456.5965 = 11.2852%.
4. Multiply by one minus annual Tax Rate:
GuruFocus uses the most recent annual Tax Expense divided by the most recent annual Pre-Tax Income to calculate the tax rate. The calculated annual 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 annual Tax Rate = -30.659 / -155.679 = 19.69%.
Express Kenya'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)
=
0.4287
*
10.485%
+
0.5713
*
11.2852%
*
(1 - 19.69%)
=
9.67%
* 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.
Express Kenya (NAI:XPRS) has a WACC % of 9.67% as of Jul. 05, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Express Kenya and its competitors. This is 36% above median its historical median of 7.12. Over the past decade, Express Kenya's WACC % has ranged from 4.23 to 9.67. According to the industry distribution chart, Express Kenya ranks #779 out of 1112 companies in the Business Services industry, placing it in the top 70.1%.
Is Express Kenya's WACC % too high?
Express Kenya's current WACC % of 9.67% is 36% above median its 10-year median of 7.12. Over the past 10 years, this metric has ranged from a low of 4.23 to a high of 9.67. The Business Services industry median WACC % is 7.24. Express Kenya's value of 9.67% is 33.6% above this industry median. Based on the distribution chart, Express Kenya ranks #779 out of 1112 companies in the Business Services industry, which is below the industry midpoint. Overall, Express Kenya has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Express Kenya's WACC % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Express Kenya ranks #779 out of 1112 companies for WACC %. This places Express Kenya in the lower half of its industry. The industry median WACC % is 7.24. Express Kenya's value of 9.67% is 33.6% above this benchmark. Historically, Express Kenya's own WACC % has ranged from 4.23 to 9.67 over the past decade. While the company's 10-year median is 7.12 vs. the industry median of 7.24, Express Kenya 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 a Business Services company?
The median WACC % among Business Services companies is 7.24, based on 1,112 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. Express Kenya's current WACC % of 9.67% is 33.6% 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 Express Kenya and its competitors. For the Business Services industry, the median WACC % is 7.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Express Kenya's current WACC % is 9.67%, which is 36% above median its own 10-year median of 7.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Express Kenya stock overvalued right now?
Based on GuruFocus' analysis, Express Kenya (NAI:XPRS) is currently considered Significantly Overvalued. The stock's GF Value™ is KES2.57, compared to a current price of KES7.18 — trading 179.4% above its estimated fair value. The current WACC % is 9.67%, which is 36% above median its 10-year median of 7.12 and 33.6% above the Business Services industry median of 7.24. Express Kenya's overall GF Score™ is 42/100 with 9 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 Express Kenya (NAI:XPRS), the current WACC % is 9.67% as of Jul. 05, 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 Express Kenya (NAI:XPRS) Overvalued in 2026?
Based on GuruFocus' analysis, Express Kenya stock appears to be overvalued.
The current stock price of KES7.18 is trading 179.4% above its estimated GF Value™ of KES2.57.
GuruFocus considers Express Kenya to be Significantly Overvalued.
Key valuation signals for NAI:XPRS:
WACC %: 9.67% (36% above median its 10-year median of 7.12)
GF Value™: KES2.57 vs. price of KES7.18 (179.4% above fair value)
Industry Position: 33.6% above the Business Services median (#779 of 1112)
No single metric tells the full story. See the NAI:XPRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Express Kenya PLC engages in the provision of clearing and forwarding services for both air and sea, as well as warehousing and logistics services. It operates through the following segments: Warehousing, and Real Estate. The Warehousing segment which accounts for the majority of revenue comprises the storage of customers' goods in the warehousing facility. The Real Estate segment consists of the development of properties. Geographically, the company operates only in Kenya.
42GF Score
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