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Bajaj AutoBOM:532977 -0.91%92 3-Year ROIIC % is 17.26 as of Mar. 2026, which is 2% below its 10-year median of 17.56. GuruFocus rates BOM:532977 with a GF Score™ of 92/100 and a GF Value™ of ₹12,167.79 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,251 Vehicles & Parts companies, Bajaj Auto ranks better than 69.94% 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.
Bajaj Auto's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 17.26%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Bajaj Auto's 3-Year ROIIC % or its related term are showing as below:
BOM:532977's 3-Year ROIIC % is ranked better than 69.94% of 1251
companies
in the Vehicles & Parts industry
Industry Median: 4.34
vs BOM:532977: 17.26
Bajaj Auto (BOM:532977) 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.
Bajaj Auto 3-Year ROIIC % Related Terms
Bajaj Auto 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Bajaj Auto'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.
BOM:532977 vs TSLA, GM, F: 3-Year ROIIC % Comparison
For the Auto Manufacturers subindustry, Bajaj Auto'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.
Bajaj Auto 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bajaj Auto's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Bajaj Auto'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.
Bajaj Auto (BOM:532977) has a 3-Year ROIIC % of 17.26 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Bajaj Auto and its competitors. This is near median its historical median of 17.56. Over the past decade, Bajaj Auto's 3-Year ROIIC % has ranged from 1.73 to 63.49. According to the industry distribution chart, Bajaj Auto ranks #376 out of 1251 companies in the Vehicles & Parts industry, placing it in the top 30.1%.
Is Bajaj Auto's 3-Year ROIIC % too high?
Bajaj Auto's current 3-Year ROIIC % of 17.26 is near median its 10-year median of 17.56. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 63.49. The Vehicles & Parts industry median 3-Year ROIIC % is 4.34. Bajaj Auto's value of 17.26 is 297.7% above this industry median. Based on the distribution chart, Bajaj Auto ranks #376 out of 1251 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Bajaj Auto has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Auto's 3-Year ROIIC % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Bajaj Auto ranks #376 out of 1251 companies for 3-Year ROIIC %. This puts Bajaj Auto in the upper half of its industry. The industry median 3-Year ROIIC % is 4.34. Bajaj Auto's value of 17.26 is 297.7% above this benchmark. Historically, Bajaj Auto's own 3-Year ROIIC % has ranged from 1.73 to 63.49 over the past decade. While the company's 10-year median is 17.56 vs. the industry median of 4.34, Bajaj Auto 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 Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.34, based on 1,251 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. Bajaj Auto's current 3-Year ROIIC % of 17.26 is 297.7% 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 Bajaj Auto and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Auto's current 3-Year ROIIC % is 17.26, which is near median its own 10-year median of 17.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Auto stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Auto (BOM:532977) is currently considered Fairly Valued. The stock's GF Value™ is ₹12,167.79, compared to a current price of ₹11,598.00 — trading 4.7% below its estimated fair value. The current 3-Year ROIIC % is 17.26, which is near median its 10-year median of 17.56 and 297.7% above the Vehicles & Parts industry median of 4.34. Bajaj Auto's overall GF Score™ is 92/100 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 Bajaj Auto (BOM:532977), the current 3-Year ROIIC % is 17.26 as of Mar. 2026. 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 Bajaj Auto (BOM:532977) Overvalued in 2026?
Based on GuruFocus' analysis, Bajaj Auto stock appears to be undervalued.
The current stock price of ₹11,598.00 is trading 4.7% below its estimated GF Value™ of ₹12,167.79.
GuruFocus considers Bajaj Auto to be Fairly Valued.
Key valuation signals for BOM:532977:
3-Year ROIIC %: 17.26 (near median its 10-year median of 17.56)
GF Value™: ₹12,167.79 vs. price of ₹11,598.00 (4.7% below fair value)
Industry Position: 297.7% above the Vehicles & Parts median (#376 of 1251)
No single metric tells the full story. See the BOM:532977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajaj Auto Ltd is an automotive sales company. The company is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric vehicles, etc., and parts thereof. The company sells its products in India as well as in various other global markets. It has three business segments Automotive, Investments, Financing and Others. The company derives the majority of its revenue from the Automotive segment.
92GF Score
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