1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Air Liquide's 1-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.20%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Air Liquide's 1-Year ROIIC % or its related term are showing as below:
XSWX:AI1's 1-Year ROIIC % is ranked worse than 51.9% of 1553
companies
in the Chemicals industry
Industry Median: 1.34
vs XSWX:AI1: 0.20
Air Liquide (XSWX:AI1) 1-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.
Air Liquide 1-Year ROIIC % Related Terms
Air Liquide 1-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Air Liquide's 1-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.
XSWX:AI1 vs LIN, SHW, ECL: 1-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Air Liquide's 1-Year ROIIC %, along with its competitors' market caps and 1-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.
Air Liquide 1-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Liquide's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Air Liquide's 1-Year ROIIC % falls into.
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-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.
Air Liquide (XSWX:AI1) has a 1-Year ROIIC % of 0.20 as of Dec. 2025. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Air Liquide and its competitors. According to the industry distribution chart, Air Liquide ranks #806 out of 1553 companies in the Chemicals industry, placing it in the top 51.9%.
Is Air Liquide's 1-Year ROIIC % too high?
Air Liquide's current 1-Year ROIIC % is 0.20. The Chemicals industry median 1-Year ROIIC % is 1.34. Air Liquide's value of 0.20 is 85.1% below this industry median. Based on the distribution chart, Air Liquide ranks #806 out of 1553 companies in the Chemicals industry, which is below the industry midpoint. Overall, Air Liquide has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's 1-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Liquide ranks #806 out of 1553 companies for 1-Year ROIIC %. This places Air Liquide in the lower half of its industry. The industry median 1-Year ROIIC % is 1.34. Air Liquide's value of 0.20 is 85.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 1-Year ROIIC % for a Chemicals company?
The median 1-Year ROIIC % among Chemicals companies is 1.34, based on 1,553 companies in the industry. Companies in the top quartile (top 25%) have a 1-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 1-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Liquide's current 1-Year ROIIC % of 0.20 is 85.1% below 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 1-Year ROIIC % mean?
A high 1-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Air Liquide and its competitors. For the Chemicals industry, the median 1-Year ROIIC % is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide's current 1-Year ROIIC % is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Liquide stock overvalued right now?
Air Liquide (XSWX:AI1) has a current 1-Year ROIIC % of 0.20. The stock's GF Value™ is CHF140.88, compared to a current price of CHF157.66 — trading 11.9% above its estimated fair value. The current 1-Year ROIIC % is 0.20 and 85.1% below the Chemicals industry median of 1.34. Air Liquide's overall GF Score™ is 98/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 1-Year ROIIC % calculated?
1-Year ROIIC % is calculated from a company's financial statements. For Air Liquide (XSWX:AI1), the current 1-Year ROIIC % is 0.20 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 Air Liquide (XSWX:AI1) Overvalued in 2026?
Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued.
The current stock price of CHF157.66 is trading 11.9% above its estimated GF Value™ of CHF140.88.
Key valuation signals for XSWX:AI1:
1-Year ROIIC %: 0.20
GF Value™: CHF140.88 vs. price of CHF157.66 (11.9% above fair value)
Industry Position: 85.1% below the Chemicals median (#806 of 1553)
No single metric tells the full story. See the XSWX:AI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
98GF Score
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