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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.
Billionbrains Garage VenturesNSE:GROWW -0.91%18 WACC % is 13% as of Aug. 04, 2026, which is 10% above its 10-year median of 11.87. GuruFocus rates NSE:GROWW with a GF Score™ of 18/100. Among 826 Capital Markets companies, Billionbrains Garage Ventures ranks worse than 75.54% on this metric.
As of today (2026-08-04), Billionbrains Garage Ventures's weighted average cost of capital is 13%%. Billionbrains Garage Ventures's ROIC % is 42.73% (calculated using TTM income statement data).
Billionbrains Garage Ventures 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.
*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.
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, Billionbrains Garage Ventures's weighted average cost of capital is 13%%. Billionbrains Garage Ventures's ROIC % is 42.73% (calculated using TTM income statement data).
Billionbrains Garage Ventures 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.
*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 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.
Related Terms
Billionbrains Garage Ventures WACC % Historical Data
* 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, Billionbrains Garage Ventures'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.
Billionbrains Garage Ventures WACC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Billionbrains Garage Ventures's WACC % distribution charts can be found below:
* The bar in red indicates where Billionbrains Garage Ventures'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, Billionbrains Garage Ventures's market capitalization (E) is ₹1192497.715 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, Billionbrains Garage Ventures's latest one-year quarterly average Book Value of Debt (D) is ₹4587.55 Mil.
a) weight of equity = E / (E + D) = 1192497.715 / (1192497.715 + 4587.55) = 0.9962
b) weight of debt = D / (E + D) = 4587.55 / (1192497.715 + 4587.55) = 0.0038
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 7.02%. 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. Billionbrains Garage Ventures'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 = 7.02% + 1 * 6% = 13.02%
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, Billionbrains Garage Ventures's interest expense (positive number) was ₹465.5733 Mil. Its total Book Value of Debt (D) is ₹4587.55 Mil.
Cost of Debt = 465.5733 / 4587.55 = 10.1486%.
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 = 7627.7467 / 29116.24 = 26.2%.
* 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.
Billionbrains Garage Ventures (NSE:GROWW) has a WACC % of 13% as of Aug. 04, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Billionbrains Garage Ventures and its competitors. This is 10% above median its historical median of 11.87. Over the past decade, Billionbrains Garage Ventures' WACC % has ranged from 10.93 to 13.00. According to the industry distribution chart, Billionbrains Garage Ventures ranks #624 out of 826 companies in the Capital Markets industry, placing it in the top 75.5%.
Is Billionbrains Garage Ventures' WACC % too high?
Billionbrains Garage Ventures' current WACC % of 13% is 10% above median its 10-year median of 11.87. Over the past 10 years, this metric has ranged from a low of 10.93 to a high of 13.00. The Capital Markets industry median WACC % is 9.31. Billionbrains Garage Ventures' value of 13% is 39.7% above this industry median. Based on the distribution chart, Billionbrains Garage Ventures ranks #624 out of 826 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Billionbrains Garage Ventures has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Billionbrains Garage Ventures' WACC % compare to MS and GS?
According to the Capital Markets industry distribution chart, Billionbrains Garage Ventures ranks #624 out of 826 companies for WACC %. This places Billionbrains Garage Ventures in the lower half of its industry. The industry median WACC % is 9.31. Billionbrains Garage Ventures' value of 13% is 39.7% above this benchmark. Historically, Billionbrains Garage Ventures' own WACC % has ranged from 10.93 to 13.00 over the past decade. While the company's 10-year median is 11.87 vs. the industry median of 9.31, Billionbrains Garage Ventures 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 Capital Markets company?
The median WACC % among Capital Markets companies is 9.31, based on 826 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. Billionbrains Garage Ventures's current WACC % of 13% is 39.7% 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 Billionbrains Garage Ventures and its competitors. For the Capital Markets industry, the median WACC % is 9.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Billionbrains Garage Ventures's current WACC % is 13%, which is 10% above median its own 10-year median of 11.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billionbrains Garage Ventures stock overvalued right now?
Billionbrains Garage Ventures (NSE:GROWW) has a current WACC % of 13%. The current WACC % is 13%, which is 10% above median its 10-year median of 11.87 and 39.7% above the Capital Markets industry median of 9.31. Billionbrains Garage Ventures' overall GF Score™ is 18/100. 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 Billionbrains Garage Ventures (NSE:GROWW), the current WACC % is 13% as of Aug. 04, 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.
Billionbrains Garage Ventures Ltd is engaged in carrying out the business of software designing, maintenance, testing and benchmarking, designing, developing computer software and solutions, carry on the business of providing, building, organizing of software tools, marketing and innovatization of licensed software, and consultancy services. The company operates the web & app based technology platform, 'Groww'. The company operates in one reportable segment mainly through the sale of financial services through a web & app based technology platform. It derives a substantial portion of its revenue from the broking services.
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