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.
Budapest Stock ExchangeBUD:BET -0.84%18 3-Year ROIIC % is 1.03 as of Dec. 2025, which is 76% below its 10-year median of 4.35. GuruFocus rates BUD:BET with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 658 Capital Markets companies, Budapest Stock Exchange ranks worse than 54.86% 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.
Budapest Stock Exchange's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.03%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Budapest Stock Exchange's 3-Year ROIIC % or its related term are showing as below:
BUD:BET's 3-Year ROIIC % is ranked worse than 54.86% of 658
companies
in the Capital Markets industry
Industry Median: 2.6
vs BUD:BET: 1.03
Budapest Stock Exchange (BUD:BET) 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.
Budapest Stock Exchange 3-Year ROIIC % Related Terms
Budapest Stock Exchange 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.
BUD:BET vs SPGI, CME, MCO: 3-Year ROIIC % Comparison
For the Financial Data & Stock Exchanges subindustry, Budapest Stock Exchange'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.
Budapest Stock Exchange 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Budapest Stock Exchange's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Budapest Stock Exchange's 3-Year ROIIC % falls into.
Budapest Stock Exchange 3-Year ROIIC % Calculation
Budapest Stock Exchange'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**
=
( 1423 (Dec. 2025) - 1303 (Dec. 2022) )
/
( 26307 (Dec. 2025) - 14707 (Dec. 2022) )
=
120
/
11600
=
1.03%***
* 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.
Budapest Stock Exchange (BUD:BET) has a 3-Year ROIIC % of 1.03 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 Budapest Stock Exchange and its competitors. This is 76% below median its historical median of 4.35. Over the past decade, Budapest Stock Exchange's 3-Year ROIIC % has ranged from 1.03 to 7.66. According to the industry distribution chart, Budapest Stock Exchange ranks #361 out of 658 companies in the Capital Markets industry, placing it in the top 54.9%.
Is Budapest Stock Exchange's 3-Year ROIIC % too high?
Budapest Stock Exchange's current 3-Year ROIIC % of 1.03 is 76% below median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 7.66. The Capital Markets industry median 3-Year ROIIC % is 2.60. Budapest Stock Exchange's value of 1.03 is 60.4% below this industry median. Based on the distribution chart, Budapest Stock Exchange ranks #361 out of 658 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Budapest Stock Exchange has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Budapest Stock Exchange's 3-Year ROIIC % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Budapest Stock Exchange ranks #361 out of 658 companies for 3-Year ROIIC %. This places Budapest Stock Exchange in the lower half of its industry. The industry median 3-Year ROIIC % is 2.60. Budapest Stock Exchange's value of 1.03 is 60.4% below this benchmark. Historically, Budapest Stock Exchange's own 3-Year ROIIC % has ranged from 1.03 to 7.66 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 2.60, Budapest Stock Exchange 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.60, based on 658 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. Budapest Stock Exchange's current 3-Year ROIIC % of 1.03 is 60.4% 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 Budapest Stock Exchange 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. Budapest Stock Exchange's current 3-Year ROIIC % is 1.03, which is 76% below median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Stock Exchange stock overvalued right now?
Budapest Stock Exchange (BUD:BET) has a current 3-Year ROIIC % of 1.03. The current 3-Year ROIIC % is 1.03, which is 76% below median its 10-year median of 4.35 and 60.4% below the Capital Markets industry median of 2.60. Budapest Stock Exchange's overall GF Score™ is 18/100 with 3 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 Budapest Stock Exchange (BUD:BET), the current 3-Year ROIIC % is 1.03 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.
Budapest Stock Exchange PLC is engaged in the money and capital markets in Hungary. The Company provides corporations with opportunities to raise capital and offers investors a wide range of investment instruments. Its activities include listing services, trading services, dissemination of market information, and product development. The Company is a central player in the domestic money and capital market, providing financial resources to companies and promoting their development through financing via the capital sector, while enabling investors to participate in the growth of Hungarian companies and the domestic economy.
18GF Score
Get the complete analysis for BUD:BET
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
BUD:BET has been successfully added to your 
