cBrain AS (CHIX:CBRAIC) 3-Year ROIIC % : 18.03% (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

CHIX:CBRAIC cBrain AS CHIX:CBRAIC
87 GF Score
Price kr67.70
GF Value kr294.94
! 2 Warning Signs
View Full Analysis

What is cBrain AS 3-Year ROIIC %?

cBrain AS CHIX:CBRAIC 87 3-Year ROIIC % is 18.03 as of Dec. 2025, which is 8% above its 10-year median of 16.64. GuruFocus rates CHIX:CBRAIC with a GF Score™ of 87/100 and a GF Value™ of kr294.94. The stock has 2 warning signs investors should review. Among 2,624 Software companies, cBrain AS ranks better than 66.01% 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. cBrain AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 18.03%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for cBrain AS's 3-Year ROIIC % or its related term are showing as below:

CHIX:CBRAIc's 3-Year ROIIC % is ranked better than
66.01% of 2624 companies
in the Software industry
Industry Median: 5.355 vs CHIX:CBRAIc: 18.03

cBrain AS  (CHIX:CBRAIc) 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.


cBrain AS 3-Year ROIIC % Related Terms


cBrain AS 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for cBrain AS'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.

cBrain AS 3-Year ROIIC % Chart

cBrain AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.84 15.25 26.64 18.43 18.03

cBrain AS Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.64 0.00 18.43 0.00 18.03

CHIX:CBRAIC vs UBER, SHOP, CRM: 3-Year ROIIC % Comparison

For the Software - Application subindustry, cBrain AS'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.


cBrain AS 3-Year ROIIC % vs Software Industry

For the Software industry and Technology sector, cBrain AS's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where cBrain AS's 3-Year ROIIC % falls into.


CHIX:CBRAIC
87GF Score
cBrain AS CHIX:CBRAIC
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

cBrain AS 3-Year ROIIC % Calculation

cBrain AS'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**
=( 44.9672639 (Dec. 2025) - 38.7378255 (Dec. 2022) )/( 321.669 (Dec. 2025) - 287.113 (Dec. 2022) )
=6.2294384/34.556
=18.03%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 18.03 mean?
cBrain AS (CHIX:CBRAIC) has a 3-Year ROIIC % of 18.03 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 cBrain AS and its competitors. This is near median its historical median of 16.64. According to the industry distribution chart, cBrain AS ranks #892 out of 2624 companies in the Software industry, placing it in the top 34%.
Is cBrain AS's 3-Year ROIIC % too high?
cBrain AS's current 3-Year ROIIC % of 18.03 is near median its 10-year median of 16.64. The Software industry median 3-Year ROIIC % is 5.36. cBrain AS's value of 18.03 is 236.7% above this industry median. Based on the distribution chart, cBrain AS ranks #892 out of 2624 companies in the Software industry, which is above the industry midpoint. Overall, cBrain AS has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does cBrain AS's 3-Year ROIIC % compare to UBER and SHOP?
According to the Software industry distribution chart, cBrain AS ranks #892 out of 2624 companies for 3-Year ROIIC %. This puts cBrain AS in the upper half of its industry. The industry median 3-Year ROIIC % is 5.36. cBrain AS's value of 18.03 is 236.7% above this benchmark. While the company's 10-year median is 16.64 vs. the industry median of 5.36, cBrain AS 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 Software company?
The median 3-Year ROIIC % among Software companies is 5.36, based on 2,624 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. cBrain AS's current 3-Year ROIIC % of 18.03 is 236.7% 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 cBrain AS and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. cBrain AS's current 3-Year ROIIC % is 18.03, which is near median its own 10-year median of 16.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is cBrain AS stock overvalued right now?
cBrain AS (CHIX:CBRAIC) has a current 3-Year ROIIC % of 18.03. The stock's GF Value™ is kr294.94, compared to a current price of kr67.70 — trading 77% below its estimated fair value. The current 3-Year ROIIC % is 18.03, which is near median its 10-year median of 16.64 and 236.7% above the Software industry median of 5.36. cBrain AS's overall GF Score™ is 87/100 with 2 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 cBrain AS (CHIX:CBRAIC), the current 3-Year ROIIC % is 18.03 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.

Is cBrain AS (CHIX:CBRAIC) Overvalued in 2026?

Based on GuruFocus' analysis, cBrain AS stock appears to be undervalued. The current stock price of kr67.70 is trading 77% below its estimated GF Value™ of kr294.94.

Key valuation signals for CHIX:CBRAIC:

  • 3-Year ROIIC %: 18.03 (near median its 10-year median of 16.64)
  • GF Value™: kr294.94 vs. price of kr67.70 (77% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 236.7% above the Software median (#892 of 2624)

No single metric tells the full story. See the CHIX:CBRAIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


cBrain AS Business Description

Other Exchanges 0DWV:UKCBRAIN:Denmark
Address Kalkbraenderilobskaj 2, Copenhagen, DNK, 2100
cBrain AS is a software engineering company headquartered in Denmark. The company is created from the collective ambition of IT industry pioneers and technology innovators to help governments transform and thereby contribute to creating efficient, accountable and transparent public institutions. The company has developed a Commercial Of-The-Shelf (COTS) software platform named F2, built for government organizations focused on fast-tracking digital transformation at scale.
87GF Score

Get the complete analysis for CHIX:CBRAIC

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr67.70
Price
kr294.94
GF Value