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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.
Indo Thai SecuritiesNSE:INDOTHAI -0.35%62 WACC % is 6.12% as of Jul. 21, 2026, which is 55% below its 10-year median of 13.49. GuruFocus rates NSE:INDOTHAI with a GF Score™ of 62/100 and a GF Value™ of ₹43.57 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 831 Capital Markets companies, Indo Thai Securities ranks better than 72.92% on this metric.
As of today (2026-07-21), Indo Thai Securities's weighted average cost of capital is 6.12%%. Indo Thai Securities's ROIC % is 36.32% (calculated using TTM income statement data).
Indo Thai Securities 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.
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, Indo Thai Securities's weighted average cost of capital is 6.12%%. Indo Thai Securities's ROIC % is 36.32% (calculated using TTM income statement data).
Indo Thai Securities 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 Capital Markets subindustry, Indo Thai Securities'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.
Indo Thai Securities WACC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Indo Thai Securities's WACC % distribution charts can be found below:
* The bar in red indicates where Indo Thai Securities'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, Indo Thai Securities's market capitalization (E) is ₹28180.245 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, Indo Thai Securities's latest one-year quarterly average Book Value of Debt (D) is ₹101.0673 Mil.
a) weight of equity = E / (E + D) = 28180.245 / (28180.245 + 101.0673) = 0.9964
b) weight of debt = D / (E + D) = 101.0673 / (28180.245 + 101.0673) = 0.0036
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. Indo Thai Securities's beta is -0.1581.
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% + -0.1581 * 6% = 6.0714%
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, Indo Thai Securities's interest expense (positive number) was ₹26.072 Mil. Its total Book Value of Debt (D) is ₹101.0673 Mil.
Cost of Debt = 26.072 / 101.0673 = 25.7967%.
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 = 170.617 / 832.222 = 20.5%.
Indo Thai Securities'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)
=
0.9964
*
6.0714%
+
0.0036
*
25.7967%
*
(1 - 20.5%)
=
6.12%
* 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.
Indo Thai Securities (NSE:INDOTHAI) has a WACC % of 6.12% as of Jul. 21, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Indo Thai Securities and its competitors. This is 55% below median its historical median of 13.49. Over the past decade, Indo Thai Securities' WACC % has ranged from 6.26 to 22.25. According to the industry distribution chart, Indo Thai Securities ranks #225 out of 831 companies in the Capital Markets industry, placing it in the top 27.1%.
Is Indo Thai Securities' WACC % too high?
Indo Thai Securities' current WACC % of 6.12% is 55% below median its 10-year median of 13.49. Over the past 10 years, this metric has ranged from a low of 6.26 to a high of 22.25. The Capital Markets industry median WACC % is 9.27. Indo Thai Securities' value of 6.12% is 34% below this industry median. Based on the distribution chart, Indo Thai Securities ranks #225 out of 831 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Indo Thai Securities has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Thai Securities' WACC % compare to MS and GS?
According to the Capital Markets industry distribution chart, Indo Thai Securities ranks #225 out of 831 companies for WACC %. This puts Indo Thai Securities in the upper half of its industry. The industry median WACC % is 9.27. Indo Thai Securities' value of 6.12% is 34% below this benchmark. Historically, Indo Thai Securities' own WACC % has ranged from 6.26 to 22.25 over the past decade. While the company's 10-year median is 13.49 vs. the industry median of 9.27, Indo Thai Securities 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 Capital Markets company?
The median WACC % among Capital Markets companies is 9.27, based on 831 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. Indo Thai Securities's current WACC % of 6.12% is 34% 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 Indo Thai Securities and its competitors. For the Capital Markets industry, the median WACC % is 9.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Thai Securities's current WACC % is 6.12%, which is 55% below median its own 10-year median of 13.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Thai Securities stock overvalued right now?
Based on GuruFocus' analysis, Indo Thai Securities (NSE:INDOTHAI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹43.57, compared to a current price of ₹219.06 — trading 402.8% above its estimated fair value. The current WACC % is 6.12%, which is 55% below median its 10-year median of 13.49 and 34% below the Capital Markets industry median of 9.27. Indo Thai Securities' overall GF Score™ is 62/100 with 6 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 Indo Thai Securities (NSE:INDOTHAI), the current WACC % is 6.12% as of Jul. 21, 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 Indo Thai Securities (NSE:INDOTHAI) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Thai Securities stock appears to be overvalued.
The current stock price of ₹219.06 is trading 402.8% above its estimated GF Value™ of ₹43.57.
GuruFocus considers Indo Thai Securities to be Significantly Overvalued.
Key valuation signals for NSE:INDOTHAI:
WACC %: 6.12% (55% below median its 10-year median of 13.49)
GF Value™: ₹43.57 vs. price of ₹219.06 (402.8% above fair value)
Industry Position: 34% below the Capital Markets median (#225 of 831)
No single metric tells the full story. See the NSE:INDOTHAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Thai Securities Ltd carries on the business as a stock and share broker. The company's operating segments include Broking, Commission & related activities, Real Estate business, and Environmental Technology. It generates maximum revenue from the Broking, Commission & related activities segment, which is engaged in broking and other related activities, Investment & trading of shares, Distribution of third-party products like Mutual Fund, Life Insurance, etc., and sales credit for referred business and interest earned on its funds used in brokerage business.
62GF Score
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