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Piquadro SpAMIL:PQ 79 10-Year ROIIC % is 6.73 as of Mar. 2026. GuruFocus rates MIL:PQ with a GF Score™ of 79/100 and a GF Value™ of €2.22 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 938 Manufacturing - Apparel & Accessories companies, Piquadro SpA ranks better than 60.98% 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.
Piquadro SpA's 10-Year ROIIC % for the quarter that ended in Mar. 2026 was 6.73%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Piquadro SpA's 10-Year ROIIC % or its related term are showing as below:
MIL:PQ's 10-Year ROIIC % is ranked better than 60.98% of 938
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.98
vs MIL:PQ: 6.73
Piquadro SpA (MIL:PQ) 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.
Piquadro SpA 10-Year ROIIC % Related Terms
Piquadro SpA 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Piquadro 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:PQ vs NKE, DECK, ONON: 10-Year ROIIC % Comparison
For the Footwear & Accessories subindustry, Piquadro 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.
Piquadro SpA 10-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Piquadro SpA's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Piquadro SpA's 10-Year ROIIC % falls into.
Piquadro SpA'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**
=
( 8.81544 (Mar. 2026) - 3.0840148 (Mar. 2016) )
/
( 130.317 (Mar. 2026) - 45.144 (Mar. 2016) )
=
5.7314252
/
85.173
=
6.73%***
* 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.
Piquadro SpA (MIL:PQ) has a 10-Year ROIIC % of 6.73 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 Piquadro SpA and its competitors. According to the industry distribution chart, Piquadro SpA ranks #366 out of 938 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 39%.
Is Piquadro SpA's 10-Year ROIIC % too high?
Piquadro SpA's current 10-Year ROIIC % is 6.73. The Manufacturing - Apparel & Accessories industry median 10-Year ROIIC % is 2.98. Piquadro SpA's value of 6.73 is 125.8% above this industry median. Based on the distribution chart, Piquadro SpA ranks #366 out of 938 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Piquadro SpA has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piquadro SpA's 10-Year ROIIC % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Piquadro SpA ranks #366 out of 938 companies for 10-Year ROIIC %. This puts Piquadro SpA in the upper half of its industry. The industry median 10-Year ROIIC % is 2.98. Piquadro SpA's value of 6.73 is 125.8% 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 Manufacturing - Apparel & Accessories company?
The median 10-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 2.98, based on 938 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. Piquadro SpA's current 10-Year ROIIC % of 6.73 is 125.8% 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 Piquadro SpA and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 10-Year ROIIC % is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piquadro SpA's current 10-Year ROIIC % is 6.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piquadro SpA stock overvalued right now?
Based on GuruFocus' analysis, Piquadro SpA (MIL:PQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.22, compared to a current price of €2.80 — trading 26.1% above its estimated fair value. The current 10-Year ROIIC % is 6.73 and 125.8% above the Manufacturing - Apparel & Accessories industry median of 2.98. Piquadro SpA's overall GF Score™ is 79/100 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 Piquadro SpA (MIL:PQ), the current 10-Year ROIIC % is 6.73 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 Piquadro SpA (MIL:PQ) Overvalued in 2026?
Based on GuruFocus' analysis, Piquadro SpA stock appears to be overvalued.
The current stock price of €2.80 is trading 26.1% above its estimated GF Value™ of €2.22.
GuruFocus considers Piquadro SpA to be Modestly Overvalued.
Key valuation signals for MIL:PQ:
10-Year ROIIC %: 6.73
GF Value™: €2.22 vs. price of €2.80 (26.1% above fair value)
Industry Position: 125.8% above the Manufacturing - Apparel & Accessories median (#366 of 938)
No single metric tells the full story. See the MIL:PQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piquadro SpA operates in the leather goods market. It is engaged in the design, manufacturing, and marketing of leather goods. The company's product portfolio includes bags and briefcases, women's purses, small leather articles such as wallets, billfolds, key holders, etc., sneakers, jackets, and others. The products are marketed through Piquadro, The Bridge, and Lancel brands which are also the company's reportable segments. Maximum revenue is generated from the Piquadro segment. Geographically, the company derives maximum revenue from Europe (excluding Italy) followed by Italy, and other regions.
79GF Score
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