ALSASX:ALQ -0.69%85 3-Year ROIIC % is 15.81 as of Mar. 2026, which is 7% below its 10-year median of 16.93. GuruFocus rates ASX:ALQ with a GF Score™ of 85/100 and a GF Value™ of A$19.01 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,008 Business Services companies, ALS ranks better than 68.95% 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.
ALS's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 15.81%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for ALS's 3-Year ROIIC % or its related term are showing as below:
ASX:ALQ's 3-Year ROIIC % is ranked better than 68.95% of 1008
companies
in the Business Services industry
Industry Median: 4.985
vs ASX:ALQ: 15.81
ALS (ASX:ALQ) 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.
ALS 3-Year ROIIC % Related Terms
ALS 3-Year ROIIC % Historical Data
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The historical data trend for ALS'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.
ASX:ALQ vs VRSK, EFX, BAH: 3-Year ROIIC % Comparison
For the Consulting Services subindustry, ALS'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.
ALS 3-Year ROIIC % vs Business Services Industry
For the Business Services industry and Industrials sector, ALS's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where ALS's 3-Year ROIIC % falls into.
ALS's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 373.59586 (Mar. 2026) - 305.43968 (Mar. 2023) )
/
( 3274.5 (Mar. 2026) - 2843.3 (Mar. 2023) )
=
68.15618
/
431.2
=
15.81%***
* 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.
ALS (ASX:ALQ) has a 3-Year ROIIC % of 15.81 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on ALS and its competitors. This is near median its historical median of 16.93. According to the industry distribution chart, ALS ranks #313 out of 1008 companies in the Business Services industry, placing it in the top 31.1%.
Is ALS's 3-Year ROIIC % too high?
ALS's current 3-Year ROIIC % of 15.81 is near median its 10-year median of 16.93. The Business Services industry median 3-Year ROIIC % is 4.99. ALS's value of 15.81 is 217.2% above this industry median. Based on the distribution chart, ALS ranks #313 out of 1008 companies in the Business Services industry, which is above the industry midpoint. Overall, ALS has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ALS's 3-Year ROIIC % compare to VRSK and EFX?
According to the Business Services industry distribution chart, ALS ranks #313 out of 1008 companies for 3-Year ROIIC %. This puts ALS in the upper half of its industry. The industry median 3-Year ROIIC % is 4.99. ALS's value of 15.81 is 217.2% above this benchmark. While the company's 10-year median is 16.93 vs. the industry median of 4.99, ALS has consistently been above the industry average. 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 Business Services company?
The median 3-Year ROIIC % among Business Services companies is 4.99, based on 1,008 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. ALS's current 3-Year ROIIC % of 15.81 is 217.2% 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 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 ALS and its competitors. For the Business Services industry, the median 3-Year ROIIC % is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ALS's current 3-Year ROIIC % is 15.81, which is near median its own 10-year median of 16.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALS stock overvalued right now?
Based on GuruFocus' analysis, ALS (ASX:ALQ) is currently considered Modestly Overvalued. The stock's GF Value™ is A$19.01, compared to a current price of A$23.15 — trading 21.8% above its estimated fair value. The current 3-Year ROIIC % is 15.81, which is near median its 10-year median of 16.93 and 217.2% above the Business Services industry median of 4.99. ALS's overall GF Score™ is 85/100 with 1 warning sign to review. 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 ALS (ASX:ALQ), the current 3-Year ROIIC % is 15.81 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 ALS (ASX:ALQ) Overvalued in 2026?
Based on GuruFocus' analysis, ALS stock appears to be overvalued.
The current stock price of A$23.15 is trading 21.8% above its estimated GF Value™ of A$19.01.
GuruFocus considers ALS to be Modestly Overvalued.
Key valuation signals for ASX:ALQ:
3-Year ROIIC %: 15.81 (near median its 10-year median of 16.93)
GF Value™: A$19.01 vs. price of A$23.15 (21.8% above fair value)
Industry Position: 217.2% above the Business Services median (#313 of 1008)
No single metric tells the full story. See the ASX:ALQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the 1880s and listed on the ASX in 1952, ALS operates two divisions: commodities and life sciences. ALS commodities traditionally generated the majority of underlying earnings, providing geochemistry, metallurgy, inspection, and mine site services for the global mining industry. Expansion into environmental, pharmaceutical, and food testing areas has lessened earnings exposure to commodities.
85GF Score
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