Casey's General StoresCASY -1.31%84 3-Year ROIIC % is 11.56 as of Apr. 2026, which is 22% above its 10-year median of 9.46. GuruFocus rates CASY with a GF Score™ of 84/100 and a GF Value™ of $481.87 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,057 Retail - Cyclical companies, Casey's General Stores ranks better than 61.4% 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.
Casey's General Stores's 3-Year ROIIC % for the quarter that ended in Apr. 2026 was 11.56%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Casey's General Stores's 3-Year ROIIC % or its related term are showing as below:
CASY's 3-Year ROIIC % is ranked better than 61.4% of 1057
companies
in the Retail - Cyclical industry
Industry Median: 4.64
vs CASY: 11.56
Casey's General Stores (NAS:CASY) 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.
Casey's General Stores 3-Year ROIIC % Related Terms
Casey's General Stores 3-Year ROIIC % Historical Data
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The historical data trend for Casey's General Stores'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.
For the Specialty Retail subindustry, Casey's General Stores'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.
Casey's General Stores 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Casey's General Stores'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.
Casey's General Stores (CASY) has a 3-Year ROIIC % of 11.56 as of Apr. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Casey's General Stores and its competitors. This is 22% above median its historical median of 9.46. According to the industry distribution chart, Casey's General Stores ranks #408 out of 1057 companies in the Retail - Cyclical industry, placing it in the top 38.6%.
Is Casey's General Stores' 3-Year ROIIC % too high?
Casey's General Stores' current 3-Year ROIIC % of 11.56 is 22% above median its 10-year median of 9.46. The Retail - Cyclical industry median 3-Year ROIIC % is 4.64. Casey's General Stores' value of 11.56 is 149.1% above this industry median. Based on the distribution chart, Casey's General Stores ranks #408 out of 1057 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Casey's General Stores has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Casey's General Stores' 3-Year ROIIC % compare to WSM and DKS?
According to the Retail - Cyclical industry distribution chart, Casey's General Stores ranks #408 out of 1057 companies for 3-Year ROIIC %. This puts Casey's General Stores in the upper half of its industry. The industry median 3-Year ROIIC % is 4.64. Casey's General Stores' value of 11.56 is 149.1% above this benchmark. While the company's 10-year median is 9.46 vs. the industry median of 4.64, Casey's General Stores 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.64, based on 1,057 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. Casey's General Stores's current 3-Year ROIIC % of 11.56 is 149.1% 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 Casey's General Stores and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Casey's General Stores's current 3-Year ROIIC % is 11.56, which is 22% above median its own 10-year median of 9.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casey's General Stores stock overvalued right now?
Based on GuruFocus' analysis, Casey's General Stores (CASY) is currently considered Significantly Overvalued. The stock's GF Value™ is $481.87, compared to a current price of $784.28 — trading 62.8% above its estimated fair value. The current 3-Year ROIIC % is 11.56, which is 22% above median its 10-year median of 9.46 and 149.1% above the Retail - Cyclical industry median of 4.64. Casey's General Stores' overall GF Score™ is 84/100 with 1 warning sign 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 Casey's General Stores (CASY), the current 3-Year ROIIC % is 11.56 as of Apr. 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 Casey's General Stores (CASY) Overvalued in 2026?
Based on GuruFocus' analysis, Casey's General Stores stock appears to be overvalued.
The current stock price of $784.28 is trading 62.8% above its estimated GF Value™ of $481.87.
GuruFocus considers Casey's General Stores to be Significantly Overvalued.
Key valuation signals for CASY:
3-Year ROIIC %: 11.56 (22% above median its 10-year median of 9.46)
GF Value™: $481.87 vs. price of $784.28 (62.8% above fair value)
Industry Position: 149.1% above the Retail - Cyclical median (#408 of 1057)
No single metric tells the full story. See the CASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Casey's General Stores Inc serves as convenience store chain with its 2,900 locations, positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two-thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates the majority of its warehousing and distribution processes internally.
84GF Score
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