Ryanair Holdings (CHIX:RYAI) 10-Year ROIIC % : 9.77% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

CHIX:RYAI Ryanair Holdings PLC CHIX:RYAI
89 GF Score
Price €26.33
GF Value €25.15
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Ryanair Holdings 10-Year ROIIC %?

Ryanair Holdings CHIX:RYAI -2.08% 89 10-Year ROIIC % is 9.77 as of Mar. 2026. GuruFocus rates CHIX:RYAI with a GF Score™ of 89/100 and a GF Value™ of €25.15 (Fairly Valued). The stock has 1 warning sign investors should review. Among 797 Transportation companies, Ryanair Holdings ranks better than 71.02% on this metric.

10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year. Ryanair Holdings's 10-Year ROIIC % for the quarter that ended in Mar. 2026 was 9.77%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Ryanair Holdings's 10-Year ROIIC % or its related term are showing as below:

CHIX:RYAi's 10-Year ROIIC % is ranked better than
71.02% of 797 companies
in the Transportation industry
Industry Median: 3.8 vs CHIX:RYAi: 9.77

Ryanair Holdings  (CHIX:RYAi) 10-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Ryanair Holdings 10-Year ROIIC % Related Terms


Ryanair Holdings 10-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Ryanair Holdings's 10-Year ROIIC % 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.

Ryanair Holdings 10-Year ROIIC % Chart

Ryanair Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
10-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.51 8.05 16.39 6.63 9.77

Ryanair Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
10-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.63 0.00 0.00 0.00 9.77

CHIX:RYAI vs DAL, UAL, LUV: 10-Year ROIIC % Comparison

For the Airlines subindustry, Ryanair Holdings's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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.


Ryanair Holdings 10-Year ROIIC % vs Transportation Industry

For the Transportation industry and Industrials sector, Ryanair Holdings's 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Ryanair Holdings's 10-Year ROIIC % falls into.


CHIX:RYAI
89GF Score
Ryanair Holdings PLC CHIX:RYAI
10-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ryanair Holdings 10-Year ROIIC % Calculation

Ryanair Holdings's 10-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:

10-Year ROIIC %=10-Year Incremental Net Operating Profit After Taxes (NOPAT)**/10-Year Incremental Invested Capital**
=( 2129.6574 (Mar. 2026) - 1322.12055 (Mar. 2016) )/( 16863.6 (Mar. 2026) - 8596.9 (Mar. 2016) )
=807.53685/8266.7
=9.77%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 10-Year ROIIC % →
What does a 10-Year ROIIC % of 9.77 mean?
Ryanair Holdings (CHIX:RYAI) has a 10-Year ROIIC % of 9.77 as of Mar. 2026. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Ryanair Holdings and its competitors. According to the industry distribution chart, Ryanair Holdings ranks #231 out of 797 companies in the Transportation industry, placing it in the top 29%.
Is Ryanair Holdings' 10-Year ROIIC % too high?
Ryanair Holdings' current 10-Year ROIIC % is 9.77. The Transportation industry median 10-Year ROIIC % is 3.80. Ryanair Holdings' value of 9.77 is 157.1% above this industry median. Based on the distribution chart, Ryanair Holdings ranks #231 out of 797 companies in the Transportation industry, which is above the industry midpoint. Overall, Ryanair Holdings has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ryanair Holdings' 10-Year ROIIC % compare to DAL and UAL?
According to the Transportation industry distribution chart, Ryanair Holdings ranks #231 out of 797 companies for 10-Year ROIIC %. This puts Ryanair Holdings in the upper half of its industry. The industry median 10-Year ROIIC % is 3.80. Ryanair Holdings' value of 9.77 is 157.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Transportation company?
The median 10-Year ROIIC % among Transportation companies is 3.80, based on 797 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ryanair Holdings's current 10-Year ROIIC % of 9.77 is 157.1% 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Ryanair Holdings and its competitors. For the Transportation industry, the median 10-Year ROIIC % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ryanair Holdings's current 10-Year ROIIC % is 9.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryanair Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ryanair Holdings (CHIX:RYAI) is currently considered Fairly Valued. The stock's GF Value™ is €25.15, compared to a current price of €26.33 — trading 4.7% above its estimated fair value. The current 10-Year ROIIC % is 9.77 and 157.1% above the Transportation industry median of 3.80. Ryanair Holdings' overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Ryanair Holdings (CHIX:RYAI), the current 10-Year ROIIC % is 9.77 as of Mar. 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 Ryanair Holdings (CHIX:RYAI) Overvalued in 2026?

Based on GuruFocus' analysis, Ryanair Holdings stock appears to be overvalued. The current stock price of €26.33 is trading 4.7% above its estimated GF Value™ of €25.15. GuruFocus considers Ryanair Holdings to be Fairly Valued.

Key valuation signals for CHIX:RYAI:

  • 10-Year ROIIC %: 9.77
  • GF Value™: €25.15 vs. price of €26.33 (4.7% above fair value)
  • GF Score™: 89/100 with 1 warning sign
  • Industry Position: 157.1% above the Transportation median (#231 of 797)

No single metric tells the full story. See the CHIX:RYAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ryanair Holdings Business Description

Address Airside Business Park, Swords, County Dublin, Dublin, IRL, K67 NY94
Ryanair is Europe's largest low-cost airline, known for its extensive network and highly efficient business model. Operating over 3,600 flights daily across 240-plus destinations in 40 countries, Ryanair has built its success on offering affordable air travel while maintaining tight control over costs. The airline primarily uses Boeing 737 aircraft, including the newer 737 8-200 "Gamechanger" variant, which simplifies operations and reduces expenses. Ryanair focuses on high passenger volume, ancillary revenue, and operational efficiency, ensuring its position as a leading airline in Europe.
89GF Score

Get the complete analysis for CHIX:RYAI

10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€26.33
Price
€25.15
GF Value