Banque de TunisieXTUN:BT 95 WACC % is 21.7% as of Jun. 29, 2026, which is 58% above its 10-year median of 13.77. GuruFocus rates XTUN:BT with a GF Score™ of 95/100 and a GF Value™ of TND5.98 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,546 Banks companies, Banque de Tunisie ranks worse than 81.76% on this metric.
As of today (2026-06-29), Banque de Tunisie's weighted average cost of capital is 21.7%%. Banque de Tunisie's ROIC % is 0.00% (calculated using TTM income statement data).
Banque de Tunisie 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.
Banque de Tunisie (XTUN:BT) 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, Banque de Tunisie's weighted average cost of capital is 21.7%%. Banque de Tunisie's ROIC % is 0.00% (calculated using TTM income statement data).
Banque de Tunisie 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
Banque de Tunisie WACC % Historical Data
* Premium members only.
The historical data trend for Banque de Tunisie'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 Banks - Regional subindustry, Banque de Tunisie'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.
Banque de Tunisie WACC % vs Banks Industry
For the Banks industry and Financial Services sector, Banque de Tunisie's WACC % distribution charts can be found below:
* The bar in red indicates where Banque de Tunisie'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, Banque de Tunisie's market capitalization (E) is TND1844.100 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, Banque de Tunisie's latest one-year annual average Book Value of Debt (D) is TND154.0095 Mil.
a) weight of equity = E / (E + D) = 1844.100 / (1844.100 + 154.0095) = 0.9229
b) weight of debt = D / (E + D) = 154.0095 / (1844.100 + 154.0095) = 0.0771
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 4.378%. 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. Banque de Tunisie'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 = 4.378% + 1 * 6% = 10.378%
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, Banque de Tunisie's interest expense (positive number) was TND387.871 Mil. Its total Book Value of Debt (D) is TND154.0095 Mil.
Cost of Debt = 387.871 / 154.0095 = 251.8487%.
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 = 132.983 / 353.922 = 37.57%.
Banque de Tunisie'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)
=
0.9229
*
10.378%
+
0.0771
*
251.8487%
*
(1 - 37.57%)
=
21.7%
* 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.
Banque de Tunisie (XTUN:BT) has a WACC % of 21.7% as of Jun. 29, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Banque de Tunisie and its competitors. This is 58% above median its historical median of 13.77. Over the past decade, Banque de Tunisie's WACC % has ranged from 11.40 to 23.48. According to the industry distribution chart, Banque de Tunisie ranks #1264 out of 1546 companies in the Banks industry, placing it in the top 81.8%.
Is Banque de Tunisie's WACC % too high?
Banque de Tunisie's current WACC % of 21.7% is 58% above median its 10-year median of 13.77. Over the past 10 years, this metric has ranged from a low of 11.40 to a high of 23.48. The Banks industry median WACC % is 13.18. Banque de Tunisie's value of 21.7% is 64.7% above this industry median. Based on the distribution chart, Banque de Tunisie ranks #1264 out of 1546 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Banque de Tunisie has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banque de Tunisie's WACC % compare to PNC and USB?
According to the Banks industry distribution chart, Banque de Tunisie ranks #1264 out of 1546 companies for WACC %. This places Banque de Tunisie in the lower half of its industry. The industry median WACC % is 13.18. Banque de Tunisie's value of 21.7% is 64.7% above this benchmark. Historically, Banque de Tunisie's own WACC % has ranged from 11.40 to 23.48 over the past decade. While the company's 10-year median is 13.77 vs. the industry median of 13.18, Banque de Tunisie 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 Banks company?
The median WACC % among Banks companies is 13.18, based on 1,546 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. Banque de Tunisie's current WACC % of 21.7% is 64.7% 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 Banque de Tunisie and its competitors. For the Banks industry, the median WACC % is 13.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banque de Tunisie's current WACC % is 21.7%, which is 58% above median its own 10-year median of 13.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banque de Tunisie stock overvalued right now?
Based on GuruFocus' analysis, Banque de Tunisie (XTUN:BT) is currently considered Modestly Overvalued. The stock's GF Value™ is TND5.98, compared to a current price of TND6.83 — trading 14.2% above its estimated fair value. The current WACC % is 21.7%, which is 58% above median its 10-year median of 13.77 and 64.7% above the Banks industry median of 13.18. Banque de Tunisie's overall GF Score™ is 95/100 with 1 warning sign 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 Banque de Tunisie (XTUN:BT), the current WACC % is 21.7% as of Jun. 29, 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 Banque de Tunisie (XTUN:BT) Overvalued in 2026?
Based on GuruFocus' analysis, Banque de Tunisie stock appears to be overvalued.
The current stock price of TND6.83 is trading 14.2% above its estimated GF Value™ of TND5.98.
GuruFocus considers Banque de Tunisie to be Modestly Overvalued.
Key valuation signals for XTUN:BT:
WACC %: 21.7% (58% above median its 10-year median of 13.77)
GF Value™: TND5.98 vs. price of TND6.83 (14.2% above fair value)
Industry Position: 64.7% above the Banks median (#1264 of 1546)
No single metric tells the full story. See the XTUN:BT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banque de Tunisie SA provides banking services. It offers banking and financial services to corporate, commercial, institutional and individual customers.
95GF Score
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