ElastronATH:ELSTR +0.37%65 3-Year ROIIC % is 124.54 as of Dec. 2025, which is 3069% above its 10-year median of 3.93. GuruFocus rates ATH:ELSTR with a GF Score™ of 65/100 and a GF Value™ of €2.38 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 606 Steel companies, Elastron ranks better than 93.89% 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.
Elastron's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 124.54%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Elastron's 3-Year ROIIC % or its related term are showing as below:
ATH:ELSTR's 3-Year ROIIC % is ranked better than 93.89% of 606
companies
in the Steel industry
Industry Median: -0.22
vs ATH:ELSTR: 124.54
Elastron (ATH:ELSTR) 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.
Elastron 3-Year ROIIC % Related Terms
Elastron 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Elastron'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.
ATH:ELSTR vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Elastron'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.
Elastron 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Elastron's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Elastron's 3-Year ROIIC % falls into.
Elastron's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 5.7426153 (Dec. 2025) - 9.6793786 (Dec. 2022) )
/
( 119.706 (Dec. 2025) - 122.867 (Dec. 2022) )
=
-3.9367633
/
-3.161
=
124.54%***
* 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.
Elastron (ATH:ELSTR) has a 3-Year ROIIC % of 124.54 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 Elastron and its competitors. This is 3069% above median its historical median of 3.93. According to the industry distribution chart, Elastron ranks #37 out of 606 companies in the Steel industry, placing it in the top 6.1%.
Is Elastron's 3-Year ROIIC % too high?
Elastron's current 3-Year ROIIC % of 124.54 is 3069% above median its 10-year median of 3.93. Based on the distribution chart, Elastron ranks #37 out of 606 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Elastron has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elastron's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Elastron ranks #37 out of 606 companies for 3-Year ROIIC %. This places Elastron in the top 6% of its industry — outperforming the majority of peers. 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 Elastron and its competitors. Elastron's current 3-Year ROIIC % is 124.54, which is 3069% above median its own 10-year median of 3.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elastron stock overvalued right now?
Based on GuruFocus' analysis, Elastron (ATH:ELSTR) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.38, compared to a current price of €2.70 — trading 13.4% above its estimated fair value. The current 3-Year ROIIC % is 124.54, which is 3069% above median its 10-year median of 3.93. Elastron's overall GF Score™ is 65/100 with 10 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 Elastron (ATH:ELSTR), the current 3-Year ROIIC % is 124.54 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 Elastron (ATH:ELSTR) Overvalued in 2026?
Based on GuruFocus' analysis, Elastron stock appears to be overvalued.
The current stock price of €2.70 is trading 13.4% above its estimated GF Value™ of €2.38.
GuruFocus considers Elastron to be Modestly Overvalued.
Key valuation signals for ATH:ELSTR:
3-Year ROIIC %: 124.54 (3069% above median its 10-year median of 3.93)
GF Value™: €2.38 vs. price of €2.70 (13.4% above fair value)
No single metric tells the full story. See the ATH:ELSTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elastron SA is a Greece based company engaged in importing, processing, and trading of steel, steel plates, iron and metal goods, and related goods. The business segments are Steel products, Energy segment, and Agricultural products. The company processes, produces and resells steel products and insulated composite panels in Steel products segment. Electrical energy segment includes production of electric energy from photovoltaic stations. Agricultural products segment consists production of agricultural products from glasshouse cultivations. The group generates majority of the revenue from the Steel products segment. It makes sales in Greece, and internationally, of which sales in Greece constitutes mainly to the revenue.
65GF Score
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