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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.
Bursa De Valori Bucuresti's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -59.33%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Bursa De Valori Bucuresti's 3-Year ROIIC % or its related term are showing as below:
BSE:BVB's 3-Year ROIIC % is ranked worse than 89.07% of 659
companies
in the Capital Markets industry
Industry Median: 2.6
vs BSE:BVB: -59.33
Bursa De Valori Bucuresti (BSE:BVB) 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.
Bursa De Valori Bucuresti 3-Year ROIIC % Related Terms
Bursa De Valori Bucuresti 3-Year ROIIC % Historical Data
* 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.
BSE:BVB vs SPGI, CME, MCO: 3-Year ROIIC % Comparison
For the Financial Data & Stock Exchanges subindustry, Bursa De Valori Bucuresti'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.
Bursa De Valori Bucuresti 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bursa De Valori Bucuresti's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Bursa De Valori Bucuresti's 3-Year ROIIC % falls into.
Bursa De Valori Bucuresti 3-Year ROIIC % Calculation
Bursa De Valori Bucuresti'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**
=
( 5.0970051 (Dec. 2025) - 8.0505048 (Dec. 2022) )
/
( 91.62 (Dec. 2025) - 86.642 (Dec. 2022) )
=
-2.9534997
/
4.978
=
-59.33%***
* 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.
Bursa De Valori Bucuresti (BSE:BVB) has a 3-Year ROIIC % of -59.33 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 Bursa De Valori Bucuresti and its competitors. According to the industry distribution chart, Bursa De Valori Bucuresti ranks #587 out of 659 companies in the Capital Markets industry, placing it in the top 89.1%.
Is Bursa De Valori Bucuresti's 3-Year ROIIC % too high?
Bursa De Valori Bucuresti's current 3-Year ROIIC % is -59.33. Based on the distribution chart, Bursa De Valori Bucuresti ranks #587 out of 659 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bursa De Valori Bucuresti has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bursa De Valori Bucuresti's 3-Year ROIIC % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bursa De Valori Bucuresti ranks #587 out of 659 companies for 3-Year ROIIC %. This places Bursa De Valori Bucuresti in the lower half of its industry. The industry median 3-Year ROIIC % is 2.60. 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.60, based on 659 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. 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 Bursa De Valori Bucuresti and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bursa De Valori Bucuresti's current 3-Year ROIIC % is -59.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bursa De Valori Bucuresti stock overvalued right now?
Based on GuruFocus' analysis, Bursa De Valori Bucuresti (BSE:BVB) is currently considered Modestly Overvalued. The stock's GF Value™ is lei48.72, compared to a current price of lei61.20 — trading 25.6% above its estimated fair value. The current 3-Year ROIIC % is -59.33. Bursa De Valori Bucuresti's overall GF Score™ is 100/100 with 4 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 Bursa De Valori Bucuresti (BSE:BVB), the current 3-Year ROIIC % is -59.33 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 Bursa De Valori Bucuresti (BSE:BVB) Overvalued in 2026?
Based on GuruFocus' analysis, Bursa De Valori Bucuresti stock appears to be overvalued.
The current stock price of lei61.20 is trading 25.6% above its estimated GF Value™ of lei48.72.
GuruFocus considers Bursa De Valori Bucuresti to be Modestly Overvalued.
Key valuation signals for BSE:BVB:
3-Year ROIIC %: -59.33
GF Value™: lei48.72 vs. price of lei61.20 (25.6% above fair value)
No single metric tells the full story. See the BSE:BVB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bursa De Valori Bucuresti SA is engaged in the management and operation of financial markets. The company operates through four business segments, including Capital Markets, Post-trading Services, Registry Services, and CCP.RO Services. The Capital Markets segment involves trading in securities and financial instruments on regulated markets. Post-trading Services include services provided after the completion of transactions until funds are received and securities are transferred to portfolios. Registry Services involve maintaining and updating shareholder registers for listed companies. CCP.RO Services relate to the implementation and operation of central counterparty activities. The majority of the company's revenue is generated from Capital Markets trading services.
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