Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Gol Linhas Aereas Inteligentes's 3-Year ROIIC % for the quarter that ended in Dec. 2024 was 22.43%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
BSP:GOLL54's 3-Year ROIIC % is not ranked
in the Transportation industry.
Industry Median: 2.005
vs BSP:GOLL54: 22.43
Gol Linhas Aereas Inteligentes (BSP:GOLL54) 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.
Gol Linhas Aereas Inteligentes 3-Year ROIIC % Related Terms
Gol Linhas Aereas Inteligentes 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.
Gol Linhas Aereas Inteligentes 3-Year ROIIC % Chart
BSP:GOLL54 vs DAL, UAL, LUV: 3-Year ROIIC % Comparison
For the Airlines subindustry, Gol Linhas Aereas Inteligentes'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.
Gol Linhas Aereas Inteligentes 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Gol Linhas Aereas Inteligentes's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Gol Linhas Aereas Inteligentes'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.
Gol Linhas Aereas Inteligentes (BSP:GOLL54) has a 3-Year ROIIC % of 22.43 as of Dec. 2024. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Gol Linhas Aereas Inteligentes and its competitors. This is 64% above median its historical median of 13.64.
Is Gol Linhas Aereas Inteligentes' 3-Year ROIIC % too high?
Gol Linhas Aereas Inteligentes' current 3-Year ROIIC % of 22.43 is 64% above median its 10-year median of 13.64. The Transportation industry median 3-Year ROIIC % is 2.01. Gol Linhas Aereas Inteligentes' value of 22.43 is 1018.7% above this industry median. Overall, Gol Linhas Aereas Inteligentes has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Gol Linhas Aereas Inteligentes' 3-Year ROIIC % compare to DAL and UAL?
Gol Linhas Aereas Inteligentes' 3-Year ROIIC % of 22.43 can be compared against companies in the Transportation industry. The industry median 3-Year ROIIC % is 2.01. Gol Linhas Aereas Inteligentes' value of 22.43 is 1018.7% above this benchmark. While the company's 10-year median is 13.64 vs. the industry median of 2.01, Gol Linhas Aereas Inteligentes 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 2.01, based on 938 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. Gol Linhas Aereas Inteligentes's current 3-Year ROIIC % of 22.43 is 1018.7% 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 Gol Linhas Aereas Inteligentes and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gol Linhas Aereas Inteligentes's current 3-Year ROIIC % is 22.43, which is 64% above median its own 10-year median of 13.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gol Linhas Aereas Inteligentes stock overvalued right now?
Gol Linhas Aereas Inteligentes (BSP:GOLL54) has a current 3-Year ROIIC % of 22.43. The stock's GF Value™ is R$43.98, compared to a current price of R$9.75 — trading 77.8% below its estimated fair value. The current 3-Year ROIIC % is 22.43, which is 64% above median its 10-year median of 13.64 and 1018.7% above the Transportation industry median of 2.01. Gol Linhas Aereas Inteligentes' overall GF Score™ is 36/100 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 Gol Linhas Aereas Inteligentes (BSP:GOLL54), the current 3-Year ROIIC % is 22.43 as of Dec. 2024. 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 Gol Linhas Aereas Inteligentes (BSP:GOLL54) Overvalued in 2026?
Based on GuruFocus' analysis, Gol Linhas Aereas Inteligentes stock appears to be undervalued.
The current stock price of R$9.75 is trading 77.8% below its estimated GF Value™ of R$43.98.
Key valuation signals for BSP:GOLL54:
3-Year ROIIC %: 22.43 (64% above median its 10-year median of 13.64)
GF Value™: R$43.98 vs. price of R$9.75 (77.8% below fair value)
Industry Position: 1018.7% above the Transportation median
No single metric tells the full story. See the BSP:GOLL54 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gol Linhas Aereas Inteligentes Business Description
Gol Linhas Aereas Inteligentes SA is a Brazilian airline company. It operates in two segments, flight transportation which offers air transportation services and the smiles loyalty program segment which includes redemption of miles traveled for purchasing flight tickets. The company's revenue derives from transporting passengers on aircraft. The company operates both domestic and international flights from which the majority of revenues come in from domestic operations.
36GF Score
Get the complete analysis for BSP:GOLL54
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:GOLL54 has been successfully added to your 
