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.
Vulcan Steel's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was -102.76%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Vulcan Steel's 3-Year ROIIC % or its related term are showing as below:
ASX:VSL's 3-Year ROIIC % is ranked worse than 92.09% of 607
companies
in the Steel industry
Industry Median: -0.23
vs ASX:VSL: -102.76
Vulcan Steel (ASX:VSL) 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.
Vulcan Steel 3-Year ROIIC % Related Terms
Vulcan Steel 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Vulcan Steel'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:VSL vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Vulcan Steel'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.
Vulcan Steel 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Vulcan Steel'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.
Vulcan Steel (ASX:VSL) has a 3-Year ROIIC % of -102.76 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Vulcan Steel and its competitors. According to the industry distribution chart, Vulcan Steel ranks #559 out of 607 companies in the Steel industry, placing it in the top 92.1%.
Is Vulcan Steel's 3-Year ROIIC % too high?
Vulcan Steel's current 3-Year ROIIC % is -102.76. Based on the distribution chart, Vulcan Steel ranks #559 out of 607 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vulcan Steel has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #559 out of 607 companies for 3-Year ROIIC %. This places Vulcan Steel in the lower half of its industry. 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 Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Vulcan Steel and its competitors. Vulcan Steel's current 3-Year ROIIC % is -102.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.18, compared to a current price of A$5.12 — trading 17.2% below its estimated fair value. The current 3-Year ROIIC % is -102.76. Vulcan Steel's overall GF Score™ is 58/100 with 5 warning signs 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 Vulcan Steel (ASX:VSL), the current 3-Year ROIIC % is -102.76 as of Jun. 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 Vulcan Steel (ASX:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of A$5.12 is trading 17.2% below its estimated GF Value™ of A$6.18.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
3-Year ROIIC %: -102.76
GF Value™: A$6.18 vs. price of A$5.12 (17.2% below fair value)
No single metric tells the full story. See the ASX:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
58GF Score
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