Roic Minus Wacc

$$\text{ROIC}-\text{WACC}$$

Value-creation spread. Positive means the company earns more on invested capital than the capital costs; negative means it destroys value. The canonical capital-allocation diagnostic.

Direction: Higher better Category: returns

Returns None when: Returns None when either ROIC or WACC is None (most commonly: missing beta, prior-FY anchor, or invested-capital components).

Source code

Implementation: roic_minus_wacc in src/eqtytrk/metrics/ratios.py (or valuation.py for multiples).