Space Hellas RATH:SPACE +0.29%85 3-Year ROIIC % is 30.36 as of Dec. 2025, which is 411% above its 10-year median of 5.94. GuruFocus rates ATH:SPACE with a GF Score™ of 85/100 and a GF Value™ of €8.03 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,627 Software companies, Space Hellas R ranks better than 74.27% 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.
Space Hellas R's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 30.36%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Space Hellas R's 3-Year ROIIC % or its related term are showing as below:
ATH:SPACE's 3-Year ROIIC % is ranked better than 74.27% of 2627
companies
in the Software industry
Industry Median: 5.33
vs ATH:SPACE: 30.36
Space Hellas R (ATH:SPACE) 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.
Space Hellas R 3-Year ROIIC % Related Terms
Space Hellas R 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Space Hellas R'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:SPACE vs UBER, SHOP, CRM: 3-Year ROIIC % Comparison
For the Software - Application subindustry, Space Hellas R'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.
Space Hellas R 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, Space Hellas R's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Space Hellas R's 3-Year ROIIC % falls into.
Space Hellas R'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**
=
( 8.4920811 (Dec. 2025) - 3.223407 (Dec. 2022) )
/
( 124.028 (Dec. 2025) - 106.676 (Dec. 2022) )
=
5.2686741
/
17.352
=
30.36%***
* 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.
Space Hellas R (ATH:SPACE) has a 3-Year ROIIC % of 30.36 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 Space Hellas R and its competitors. This is 411% above median its historical median of 5.94. According to the industry distribution chart, Space Hellas R ranks #676 out of 2627 companies in the Software industry, placing it in the top 25.7%.
Is Space Hellas R's 3-Year ROIIC % too high?
Space Hellas R's current 3-Year ROIIC % of 30.36 is 411% above median its 10-year median of 5.94. The Software industry median 3-Year ROIIC % is 5.33. Space Hellas R's value of 30.36 is 469.6% above this industry median. Based on the distribution chart, Space Hellas R ranks #676 out of 2627 companies in the Software industry, which is above the industry midpoint. Overall, Space Hellas R has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Space Hellas R's 3-Year ROIIC % compare to UBER and SHOP?
According to the Software industry distribution chart, Space Hellas R ranks #676 out of 2627 companies for 3-Year ROIIC %. This puts Space Hellas R in the upper half of its industry. The industry median 3-Year ROIIC % is 5.33. Space Hellas R's value of 30.36 is 469.6% above this benchmark. While the company's 10-year median is 5.94 vs. the industry median of 5.33, Space Hellas R 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 Software company?
The median 3-Year ROIIC % among Software companies is 5.33, based on 2,627 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. Space Hellas R's current 3-Year ROIIC % of 30.36 is 469.6% 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 Space Hellas R and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Hellas R's current 3-Year ROIIC % is 30.36, which is 411% above median its own 10-year median of 5.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Hellas R stock overvalued right now?
Based on GuruFocus' analysis, Space Hellas R (ATH:SPACE) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.03, compared to a current price of €6.94 — trading 13.6% below its estimated fair value. The current 3-Year ROIIC % is 30.36, which is 411% above median its 10-year median of 5.94 and 469.6% above the Software industry median of 5.33. Space Hellas R's overall GF Score™ is 85/100 with 7 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 Space Hellas R (ATH:SPACE), the current 3-Year ROIIC % is 30.36 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 Space Hellas R (ATH:SPACE) Overvalued in 2026?
Based on GuruFocus' analysis, Space Hellas R stock appears to be undervalued.
The current stock price of €6.94 is trading 13.6% below its estimated GF Value™ of €8.03.
GuruFocus considers Space Hellas R to be Modestly Undervalued.
Key valuation signals for ATH:SPACE:
3-Year ROIIC %: 30.36 (411% above median its 10-year median of 5.94)
GF Value™: €8.03 vs. price of €6.94 (13.6% below fair value)
Industry Position: 469.6% above the Software median (#676 of 2627)
No single metric tells the full story. See the ATH:SPACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Space Hellas R is principally engaged in the business of Telecommunications, IT, Security Systems & Services. The company has three main segments are namely Telecommunications, IT, Security Systems & Services. The company is based in Greece. Approximately 70% revenues derived from Telecommunications and IT sectors. Geographically it operates through the region of Greece. Approximately 70% revenues derived from Telecommunications and IT.
85GF Score
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