Bausch & LombBLCO -2.99%77 3-Year ROIIC % is 5.54 as of Dec. 2025, which is at its 10-year median of 5.54. GuruFocus rates BLCO with a GF Score™ of 77/100 and a GF Value™ of $18.65 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 797 Medical Devices & Instruments companies, Bausch & Lomb ranks better than 56.09% 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.
Bausch & Lomb's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 5.54%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Bausch & Lomb's 3-Year ROIIC % or its related term are showing as below:
BLCO's 3-Year ROIIC % is ranked better than 56.09% of 797
companies
in the Medical Devices & Instruments industry
Industry Median: 1.47
vs BLCO: 5.54
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.
Bausch & Lomb 3-Year ROIIC % Related Terms
Bausch & Lomb 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Bausch & Lomb'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.
BLCO vs ISRG, BDX, MDLN: 3-Year ROIIC % Comparison
For the Medical Instruments & Supplies subindustry, Bausch & Lomb'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.
Bausch & Lomb 3-Year ROIIC % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Bausch & Lomb's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Bausch & Lomb's 3-Year ROIIC % falls into.
Bausch & Lomb'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**
=
( 188 (Dec. 2025) - 45.21 (Dec. 2022) )
/
( 12495 (Dec. 2025) - 10057 (Dec. 2022) )
=
142.79
/
2438
=
5.86%***
* 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.
Bausch & Lomb (BLCO) has a 3-Year ROIIC % of 5.54 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 Bausch & Lomb and its competitors. This is near median its historical median of 5.54. Over the past decade, Bausch & Lomb's 3-Year ROIIC % has ranged from 0.58 to 78.13. According to the industry distribution chart, Bausch & Lomb ranks #350 out of 797 companies in the Medical Devices & Instruments industry, placing it in the top 43.9%.
Is Bausch & Lomb's 3-Year ROIIC % too high?
Bausch & Lomb's current 3-Year ROIIC % of 5.54 is near median its 10-year median of 5.54. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 78.13. The Medical Devices & Instruments industry median 3-Year ROIIC % is 1.47. Bausch & Lomb's value of 5.54 is 276.9% above this industry median. Based on the distribution chart, Bausch & Lomb ranks #350 out of 797 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Bausch & Lomb has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bausch & Lomb's 3-Year ROIIC % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Bausch & Lomb ranks #350 out of 797 companies for 3-Year ROIIC %. This puts Bausch & Lomb in the upper half of its industry. The industry median 3-Year ROIIC % is 1.47. Bausch & Lomb's value of 5.54 is 276.9% above this benchmark. Historically, Bausch & Lomb's own 3-Year ROIIC % has ranged from 0.58 to 78.13 over the past decade. While the company's 10-year median is 5.54 vs. the industry median of 1.47, Bausch & Lomb 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 Medical Devices & Instruments company?
The median 3-Year ROIIC % among Medical Devices & Instruments companies is 1.47, based on 797 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. Bausch & Lomb's current 3-Year ROIIC % of 5.54 is 276.9% 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 Bausch & Lomb and its competitors. For the Medical Devices & Instruments industry, the median 3-Year ROIIC % is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bausch & Lomb's current 3-Year ROIIC % is 5.54, which is near median its own 10-year median of 5.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bausch & Lomb stock overvalued right now?
Based on GuruFocus' analysis, Bausch & Lomb (BLCO) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.65, compared to a current price of $16.23 — trading 13% below its estimated fair value. The current 3-Year ROIIC % is 5.54, which is near median its 10-year median of 5.54 and 276.9% above the Medical Devices & Instruments industry median of 1.47. Bausch & Lomb's overall GF Score™ is 77/100 with 9 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 Bausch & Lomb (BLCO), the current 3-Year ROIIC % is 5.54 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 Bausch & Lomb (BLCO) Overvalued in 2026?
Based on GuruFocus' analysis, Bausch & Lomb stock appears to be undervalued.
The current stock price of $16.23 is trading 13% below its estimated GF Value™ of $18.65.
GuruFocus considers Bausch & Lomb to be Modestly Undervalued.
Key valuation signals for BLCO:
3-Year ROIIC %: 5.54 (near median its 10-year median of 5.54)
GF Value™: $18.65 vs. price of $16.23 (13% below fair value)
Industry Position: 276.9% above the Medical Devices & Instruments median (#350 of 797)
No single metric tells the full story. See the BLCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bausch & Lomb is one of the largest vision care companies in the US. The firm was previously a subsidiary under parent company Bausch Health and it was spun off to become a public company in 2022. It operates in three segments: vision care, surgical, and ophthalmic pharmaceuticals. Vision care is composed of contact lenses, a market that B&L controls 10%, and ocular health products, which includes Biotrue and Lumify. Surgical includes a suite of intraocular lenses, equipment for cataract and vitreoretinal surgeries, as well as surgical instruments. Ophthalmic pharmaceuticals has a diverse lineup of products, including Xipere, Vyzulta, and Lotemax that treat different complications. With over 100 products, B&L has the largest portfolio of eye care prescriptions in the space.
77GF Score
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