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.
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.
Fazerles ADXBUL:FZLS 52 10-Year ROIIC % is 131.80 as of Dec. 2025. GuruFocus rates XBUL:FZLS with a GF Score™ of 52/100 and a GF Value™ of €11.37 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 249 Forest Products companies, Fazerles AD ranks better than 97.59% 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.
Fazerles AD's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 131.80%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Fazerles AD's 10-Year ROIIC % or its related term are showing as below:
XBUL:FZLS's 10-Year ROIIC % is ranked better than 97.59% of 249
companies
in the Forest Products industry
Industry Median: 0.93
vs XBUL:FZLS: 131.80
Fazerles AD (XBUL:FZLS) 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.
Fazerles AD 10-Year ROIIC % Related Terms
Fazerles AD 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Fazerles AD'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.
XBUL:FZLS vs SSD, UFPI, BCC: 10-Year ROIIC % Comparison
For the Lumber & Wood Production subindustry, Fazerles AD'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.
Fazerles AD 10-Year ROIIC % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Fazerles AD's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Fazerles AD's 10-Year ROIIC % falls into.
Fazerles AD'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**
=
( -0.819 (Dec. 2025) - 0.1286552 (Dec. 2015) )
/
( 7.681 (Dec. 2025) - 8.4 (Dec. 2015) )
=
-0.9476552
/
-0.719
=
131.80%***
* 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.
Fazerles AD (XBUL:FZLS) has a 10-Year ROIIC % of 131.80 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 Fazerles AD and its competitors. According to the industry distribution chart, Fazerles AD ranks #6 out of 249 companies in the Forest Products industry, placing it in the top 2.4%.
Is Fazerles AD's 10-Year ROIIC % too high?
Fazerles AD's current 10-Year ROIIC % is 131.80. The Forest Products industry median 10-Year ROIIC % is 0.93. Fazerles AD's value of 131.80 is 14072% above this industry median. Based on the distribution chart, Fazerles AD ranks #6 out of 249 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Fazerles AD has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fazerles AD's 10-Year ROIIC % compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Fazerles AD ranks #6 out of 249 companies for 10-Year ROIIC %. This places Fazerles AD in the top 2% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 0.93. Fazerles AD's value of 131.80 is 14072% 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 Forest Products company?
The median 10-Year ROIIC % among Forest Products companies is 0.93, based on 249 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. Fazerles AD's current 10-Year ROIIC % of 131.80 is 14072% 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 Fazerles AD and its competitors. For the Forest Products industry, the median 10-Year ROIIC % is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fazerles AD's current 10-Year ROIIC % is 131.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fazerles AD stock overvalued right now?
Based on GuruFocus' analysis, Fazerles AD (XBUL:FZLS) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.37, compared to a current price of €6.15 — trading 45.9% below its estimated fair value. The current 10-Year ROIIC % is 131.80 and 14072% above the Forest Products industry median of 0.93. Fazerles AD's overall GF Score™ is 52/100 with 2 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 Fazerles AD (XBUL:FZLS), the current 10-Year ROIIC % is 131.80 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 Fazerles AD (XBUL:FZLS) Overvalued in 2026?
Based on GuruFocus' analysis, Fazerles AD stock appears to be undervalued.
The current stock price of €6.15 is trading 45.9% below its estimated GF Value™ of €11.37.
GuruFocus considers Fazerles AD to be Significantly Undervalued.
Key valuation signals for XBUL:FZLS:
10-Year ROIIC %: 131.80
GF Value™: €11.37 vs. price of €6.15 (45.9% below fair value)
Industry Position: 14072% above the Forest Products median (#6 of 249)
No single metric tells the full story. See the XBUL:FZLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fazerles AD manufactures hardboard panels in Bulgaria. The products of the company are used for the furniture industry, metal industry, packaging industry, glass and food industry, automotive industry, and construction industry. The products of the company are sold in Europe, Asia, Africa, and America.
52GF Score
Get the complete analysis for XBUL:FZLS
10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XBUL:FZLS has been successfully added to your 
