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Black Sea PropertyAQSE:BSP 3-Year ROIIC % is 1.11 as of Dec. 2025. The stock has 8 warning signs investors should review. Among 1,664 Real Estate companies, Black Sea Property ranks worse than 54.81% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Black Sea Property's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.11%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Black Sea Property's 3-Year ROIIC % or its related term are showing as below:
AQSE:BSP's 3-Year ROIIC % is ranked worse than 54.81% of 1664
companies
in the Real Estate industry
Industry Median: 2.365
vs AQSE:BSP: 1.11
Black Sea Property (AQSE:BSP) 3-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.
Black Sea Property 3-Year ROIIC % Related Terms
Black Sea Property 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Black Sea Property's 3-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.
AQSE:BSP vs CBRE, BEKE, JLL: 3-Year ROIIC % Comparison
For the Real Estate Services subindustry, Black Sea Property's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Black Sea Property 3-Year ROIIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Black Sea Property's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Black Sea Property's 3-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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-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.
Black Sea Property (AQSE:BSP) has a 3-Year ROIIC % of 1.11 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Black Sea Property and its competitors. According to the industry distribution chart, Black Sea Property ranks #912 out of 1664 companies in the Real Estate industry, placing it in the top 54.8%.
Is Black Sea Property's 3-Year ROIIC % too high?
Black Sea Property's current 3-Year ROIIC % is 1.11. The Real Estate industry median 3-Year ROIIC % is 2.37. Black Sea Property's value of 1.11 is 53.1% below this industry median. Based on the distribution chart, Black Sea Property ranks #912 out of 1664 companies in the Real Estate industry, which is below the industry midpoint.
How does Black Sea Property's 3-Year ROIIC % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Black Sea Property ranks #912 out of 1664 companies for 3-Year ROIIC %. This places Black Sea Property in the lower half of its industry. The industry median 3-Year ROIIC % is 2.37. Black Sea Property's value of 1.11 is 53.1% 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 3-Year ROIIC % for a Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.37, based on 1,664 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Sea Property's current 3-Year ROIIC % of 1.11 is 53.1% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Black Sea Property and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Sea Property's current 3-Year ROIIC % is 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Sea Property stock overvalued right now?
Based on GuruFocus' analysis, Black Sea Property (AQSE:BSP) is currently considered Fairly Valued. The stock's GF Value™ is €0.02, compared to a current price of €0.02 — trading right at its estimated fair value. The current 3-Year ROIIC % is 1.11 and 53.1% below the Real Estate industry median of 2.37. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Black Sea Property (AQSE:BSP), the current 3-Year ROIIC % is 1.11 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.
Black Sea Property PLC is a real estate company focused on investments in Bulgaria. It seeks to generate capital gains through development, financing and sale of property in Bulgaria, including the prime areas of Bulgaria's Black Sea coast, the ski resorts and the capital, Sofia. The Board is seeking to create a diverse portfolio of opportunistic and value-added Bulgarian real estate assets, including development land, partially completed construction projects and completed buildings.
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