Saul CentersBFS +2.38%78 3-Year ROIIC % is 3.10 as of Dec. 2025, which is 2% above its 10-year median of 3.04. GuruFocus rates BFS with a GF Score™ of 78/100 and a GF Value™ of $41.81 (Fairly Valued). The stock has 11 warning signs investors should review. Among 700 REITs companies, Saul Centers ranks worse than 53.29% 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.
Saul Centers's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Saul Centers's 3-Year ROIIC % or its related term are showing as below:
BFS's 3-Year ROIIC % is ranked worse than 53.29% of 700
companies
in the REITs industry
Industry Median: 3.505
vs BFS: 3.10
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.
Saul Centers 3-Year ROIIC % Related Terms
Saul Centers 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Saul Centers'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.
For the REIT - Retail subindustry, Saul Centers'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.
Saul Centers 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Saul Centers's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Saul Centers's 3-Year ROIIC % falls into.
Saul Centers'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**
=
( 119.647 (Dec. 2025) - 109.977 (Dec. 2022) )
/
( 2237.816 (Dec. 2025) - 1925.641 (Dec. 2022) )
=
9.67
/
312.175
=
3.10%***
* 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.
Saul Centers (BFS) has a 3-Year ROIIC % of 3.10 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 Saul Centers and its competitors. This is near median its historical median of 3.04. According to the industry distribution chart, Saul Centers ranks #373 out of 700 companies in the REITs industry, placing it in the top 53.3%.
Is Saul Centers' 3-Year ROIIC % too high?
Saul Centers' current 3-Year ROIIC % of 3.10 is near median its 10-year median of 3.04. The REITs industry median 3-Year ROIIC % is 3.51. Saul Centers' value of 3.10 is 11.6% below this industry median. Based on the distribution chart, Saul Centers ranks #373 out of 700 companies in the REITs industry, which is below the industry midpoint. Overall, Saul Centers has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saul Centers' 3-Year ROIIC % compare to WSR and ALX?
According to the REITs industry distribution chart, Saul Centers ranks #373 out of 700 companies for 3-Year ROIIC %. This places Saul Centers in the lower half of its industry. The industry median 3-Year ROIIC % is 3.51. Saul Centers' value of 3.10 is 11.6% below this benchmark. While the company's 10-year median is 3.04 vs. the industry median of 3.51, Saul Centers has consistently been below 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 REITs company?
The median 3-Year ROIIC % among REITs companies is 3.51, based on 700 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. Saul Centers's current 3-Year ROIIC % of 3.10 is 11.6% 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 Saul Centers and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saul Centers's current 3-Year ROIIC % is 3.10, which is near median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saul Centers stock overvalued right now?
Based on GuruFocus' analysis, Saul Centers (BFS) is currently considered Fairly Valued. The stock's GF Value™ is $41.81, compared to a current price of $37.88 — trading 9.4% below its estimated fair value. The current 3-Year ROIIC % is 3.10, which is near median its 10-year median of 3.04 and 11.6% below the REITs industry median of 3.51. Saul Centers' overall GF Score™ is 78/100 with 11 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 Saul Centers (BFS), the current 3-Year ROIIC % is 3.10 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 Saul Centers (BFS) Overvalued in 2026?
Based on GuruFocus' analysis, Saul Centers stock appears to be undervalued.
The current stock price of $37.88 is trading 9.4% below its estimated GF Value™ of $41.81.
GuruFocus considers Saul Centers to be Fairly Valued.
Key valuation signals for BFS:
3-Year ROIIC %: 3.10 (near median its 10-year median of 3.04)
GF Value™: $41.81 vs. price of $37.88 (9.4% below fair value)
Industry Position: 11.6% below the REITs median (#373 of 700)
No single metric tells the full story. See the BFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.
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