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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.
Pyramid AGXTER:M3B0 38 10-Year ROIIC % is 135.14 as of Dec. 2025. GuruFocus rates XTER:M3B0 with a GF Score™ of 38/100 and a GF Value™ of €3.56 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 550 Asset Management companies, Pyramid AG ranks better than 95.64% 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.
Pyramid AG's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 135.14%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Pyramid AG's 10-Year ROIIC % or its related term are showing as below:
XTER:M3B0's 10-Year ROIIC % is ranked better than 95.64% of 550
companies
in the Asset Management industry
Industry Median: 0.85
vs XTER:M3B0: 135.14
Pyramid AG (XTER:M3B0) 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.
Pyramid AG 10-Year ROIIC % Related Terms
Pyramid AG 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Pyramid AG'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.
XTER:M3B0 vs BLK, BX, KKR: 10-Year ROIIC % Comparison
For the Asset Management subindustry, Pyramid AG'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.
Pyramid AG 10-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pyramid AG's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Pyramid AG's 10-Year ROIIC % falls into.
Pyramid AG'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**
=
( -12.399 (Dec. 2025) - 0.6802008 (Dec. 2015) )
/
( 43.146 (Dec. 2025) - 52.824 (Dec. 2015) )
=
-13.0792008
/
-9.678
=
135.14%***
* 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.
Pyramid AG (XTER:M3B0) has a 10-Year ROIIC % of 135.14 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 Pyramid AG and its competitors. According to the industry distribution chart, Pyramid AG ranks #24 out of 550 companies in the Asset Management industry, placing it in the top 4.4%.
Is Pyramid AG's 10-Year ROIIC % too high?
Pyramid AG's current 10-Year ROIIC % is 135.14. The Asset Management industry median 10-Year ROIIC % is 0.85. Pyramid AG's value of 135.14 is 15798.8% above this industry median. Based on the distribution chart, Pyramid AG ranks #24 out of 550 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Pyramid AG has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pyramid AG's 10-Year ROIIC % compare to BLK and BX?
According to the Asset Management industry distribution chart, Pyramid AG ranks #24 out of 550 companies for 10-Year ROIIC %. This places Pyramid AG in the top 4% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 0.85. Pyramid AG's value of 135.14 is 15798.8% 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 an Asset Management company?
The median 10-Year ROIIC % among Asset Management companies is 0.85, based on 550 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. Pyramid AG's current 10-Year ROIIC % of 135.14 is 15798.8% 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 Pyramid AG and its competitors. For the Asset Management industry, the median 10-Year ROIIC % is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pyramid AG's current 10-Year ROIIC % is 135.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pyramid AG stock overvalued right now?
Based on GuruFocus' analysis, Pyramid AG (XTER:M3B0) is currently considered Possible Value Trap. The stock's GF Value™ is €3.56, compared to a current price of €1.41 — trading 60.4% below its estimated fair value. The current 10-Year ROIIC % is 135.14 and 15798.8% above the Asset Management industry median of 0.85. Pyramid AG's overall GF Score™ is 38/100 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 Pyramid AG (XTER:M3B0), the current 10-Year ROIIC % is 135.14 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 Pyramid AG (XTER:M3B0) Overvalued in 2026?
Based on GuruFocus' analysis, Pyramid AG stock appears to be undervalued.
The current stock price of €1.41 is trading 60.4% below its estimated GF Value™ of €3.56.
GuruFocus considers Pyramid AG to be Possible Value Trap.
Key valuation signals for XTER:M3B0:
10-Year ROIIC %: 135.14
GF Value™: €3.56 vs. price of €1.41 (60.4% below fair value)
Industry Position: 15798.8% above the Asset Management median (#24 of 550)
No single metric tells the full story. See the XTER:M3B0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pyramid AG Formerly mic AG is an investment company. It invests in young technology companies in the field of fiber optics, clean tech, software, microsystems and IT among others. The portfolio comprises of Aifotec AG, 3-Edge Gmbh, and FiSec Gmbh and among others. Its portfolio comprises of u-GPS Optics GmbH, a developer of a technology for three-dimensional (3D) optical measurements, Flores Solar Water GmbH, which develops a low-cost water treatment plant that uses solar thermal energy.
38GF Score
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