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.
StepStone Group does not have enough data to calculate 10-Year ROIIC %.
StepStone Group (NAS:STEP) 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.
StepStone Group 10-Year ROIIC % Related Terms
StepStone Group 10-Year ROIIC % Historical Data
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The historical data trend for StepStone Group'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.
For the Asset Management subindustry, StepStone Group'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.
StepStone Group 10-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, StepStone Group's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where StepStone Group's 10-Year ROIIC % falls into.
StepStone Group'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**
=
( -853.488912 (Mar. 2026) - (Mar. 2016) )
/
( 3460.372 (Mar. 2026) - (Mar. 2016) )
=
/
=
N/A%***
* 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.
StepStone Group (STEP) has a 10-Year ROIIC % of 15.53 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 StepStone Group and its competitors. According to the industry distribution chart, StepStone Group ranks #126 out of 543 companies in the Asset Management industry, placing it in the top 23.2%.
Is StepStone Group's 10-Year ROIIC % too high?
StepStone Group's current 10-Year ROIIC % is 15.53. The Asset Management industry median 10-Year ROIIC % is 1.07. StepStone Group's value of 15.53 is 1351.4% above this industry median. Based on the distribution chart, StepStone Group ranks #126 out of 543 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, StepStone Group has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's 10-Year ROIIC % compare to CSQ and GBDC?
According to the Asset Management industry distribution chart, StepStone Group ranks #126 out of 543 companies for 10-Year ROIIC %. This places StepStone Group in the top 23% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 1.07. StepStone Group's value of 15.53 is 1351.4% 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 an Asset Management company?
The median 10-Year ROIIC % among Asset Management companies is 1.07, based on 543 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. StepStone Group's current 10-Year ROIIC % of 15.53 is 1351.4% 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 StepStone Group and its competitors. For the Asset Management industry, the median 10-Year ROIIC % is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StepStone Group's current 10-Year ROIIC % is 15.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StepStone Group stock overvalued right now?
Based on GuruFocus' analysis, StepStone Group (STEP) is currently considered Possible Value Trap. The stock's GF Value™ is $90.50, compared to a current price of $40.64 — trading 55.1% below its estimated fair value. The current 10-Year ROIIC % is 15.53 and 1351.4% above the Asset Management industry median of 1.07. StepStone Group's overall GF Score™ is 49/100 with 3 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 StepStone Group (STEP), the current 10-Year ROIIC % is 15.53 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 StepStone Group (STEP) Overvalued in 2026?
Based on GuruFocus' analysis, StepStone Group stock appears to be undervalued.
The current stock price of $40.64 is trading 55.1% below its estimated GF Value™ of $90.50.
GuruFocus considers StepStone Group to be Possible Value Trap.
Key valuation signals for STEP:
10-Year ROIIC %: 15.53
GF Value™: $90.50 vs. price of $40.64 (55.1% below fair value)
Industry Position: 1351.4% above the Asset Management median (#126 of 543)
No single metric tells the full story. See the STEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
49GF Score
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