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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.
Carel Industries SpA's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 8.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Carel Industries SpA's 10-Year ROIIC % or its related term are showing as below:
MIL:CRL's 10-Year ROIIC % is ranked better than 60.5% of 2167
companies
in the Hardware industry
Industry Median: 4.12
vs MIL:CRL: 8.13
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.
Carel Industries SpA 10-Year ROIIC % Related Terms
Carel Industries SpA 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Carel Industries SpA'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.
MIL:CRL vs APH, GLW, TEL: 10-Year ROIIC % Comparison
For the Electronic Components subindustry, Carel Industries SpA'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.
Carel Industries SpA 10-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Carel Industries SpA's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Carel Industries SpA's 10-Year ROIIC % falls into.
Carel Industries SpA's 10-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 65.8588798 (Dec. 2025) - 22.53911 (Dec. 2015) )
/
( 609.756 (Dec. 2025) - 77.015 (Dec. 2015) )
=
43.3197698
/
532.741
=
8.13%***
* 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.
Carel Industries SpA (MIL:CRL) has a 10-Year ROIIC % of 8.13 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Carel Industries SpA and its competitors. According to the industry distribution chart, Carel Industries SpA ranks #856 out of 2167 companies in the Hardware industry, placing it in the top 39.5%.
Is Carel Industries SpA's 10-Year ROIIC % too high?
Carel Industries SpA's current 10-Year ROIIC % is 8.13. The Hardware industry median 10-Year ROIIC % is 4.12. Carel Industries SpA's value of 8.13 is 97.3% above this industry median. Based on the distribution chart, Carel Industries SpA ranks #856 out of 2167 companies in the Hardware industry, which is above the industry midpoint. Overall, Carel Industries SpA has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carel Industries SpA's 10-Year ROIIC % compare to APH and GLW?
According to the Hardware industry distribution chart, Carel Industries SpA ranks #856 out of 2167 companies for 10-Year ROIIC %. This puts Carel Industries SpA in the upper half of its industry. The industry median 10-Year ROIIC % is 4.12. Carel Industries SpA's value of 8.13 is 97.3% 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 Hardware company?
The median 10-Year ROIIC % among Hardware companies is 4.12, based on 2,167 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. Carel Industries SpA's current 10-Year ROIIC % of 8.13 is 97.3% 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 Carel Industries SpA and its competitors. For the Hardware industry, the median 10-Year ROIIC % is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carel Industries SpA's current 10-Year ROIIC % is 8.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carel Industries SpA stock overvalued right now?
Based on GuruFocus' analysis, Carel Industries SpA (MIL:CRL) is currently considered Modestly Overvalued. The stock's GF Value™ is €24.02, compared to a current price of €27.70 — trading 15.3% above its estimated fair value. The current 10-Year ROIIC % is 8.13 and 97.3% above the Hardware industry median of 4.12. Carel Industries SpA's overall GF Score™ is 97/100 with 5 warning signs 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 Carel Industries SpA (MIL:CRL), the current 10-Year ROIIC % is 8.13 as of Dec. 2025. 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 Carel Industries SpA (MIL:CRL) Overvalued in 2026?
Based on GuruFocus' analysis, Carel Industries SpA stock appears to be overvalued.
The current stock price of €27.70 is trading 15.3% above its estimated GF Value™ of €24.02.
GuruFocus considers Carel Industries SpA to be Modestly Overvalued.
Key valuation signals for MIL:CRL:
10-Year ROIIC %: 8.13
GF Value™: €24.02 vs. price of €27.70 (15.3% above fair value)
Industry Position: 97.3% above the Hardware median (#856 of 2167)
No single metric tells the full story. See the MIL:CRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carel Industries SpA manufactures control systems and humidification for air conditioning and refrigeration. The group provides control solutions for the commercial, industrial, and residential air-conditioning and refrigeration (HVAC/R) markets. Its geographical segments are Europe, the Middle East and Africa, North America, South America, and APAC. The company's industrial applications for the air-conditioning sector are designed for data centers. Its products include programmable controls, room terminals, Isothermal Humidifiers, Sensors and protection devices, Sensors and protection devices, and others. The company derives maximum revenue from Europe, the Middle East, and Africa segment.
97GF Score
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