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Kloeckner SECHIX:KCOD 50 3-Year ROIIC % is 50.84 as of Dec. 2025, which is at its 10-year median of 50.84. GuruFocus rates CHIX:KCOD with a GF Score™ of 50/100 and a GF Value™ of €5.93 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 605 Steel companies, Kloeckner SE ranks better than 86.94% 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.
Kloeckner SE's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 50.84%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Kloeckner SE's 3-Year ROIIC % or its related term are showing as below:
CHIX:KCOd's 3-Year ROIIC % is ranked better than 86.94% of 605
companies
in the Steel industry
Industry Median: -0.23
vs CHIX:KCOd: 50.84
Kloeckner SE (CHIX:KCOd) 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.
Kloeckner SE 3-Year ROIIC % Related Terms
Kloeckner SE 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Kloeckner SE'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.
CHIX:KCOD vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Kloeckner SE'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.
Kloeckner SE 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Kloeckner SE's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Kloeckner SE's 3-Year ROIIC % falls into.
Kloeckner SE'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**
=
( 36.386 (Dec. 2025) - 197.245266 (Dec. 2022) )
/
( 2519.837 (Dec. 2025) - 2836.245 (Dec. 2022) )
=
-160.859266
/
-316.408
=
50.84%***
* 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.
Kloeckner SE (CHIX:KCOD) has a 3-Year ROIIC % of 50.84 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 Kloeckner SE and its competitors. This is near median its historical median of 50.84. According to the industry distribution chart, Kloeckner SE ranks #79 out of 605 companies in the Steel industry, placing it in the top 13.1%.
Is Kloeckner SE's 3-Year ROIIC % too high?
Kloeckner SE's current 3-Year ROIIC % of 50.84 is near median its 10-year median of 50.84. Based on the distribution chart, Kloeckner SE ranks #79 out of 605 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Kloeckner SE has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kloeckner SE's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Kloeckner SE ranks #79 out of 605 companies for 3-Year ROIIC %. This places Kloeckner SE in the top 13% of its industry — outperforming the majority of peers. 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 Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. 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 Kloeckner SE and its competitors. Kloeckner SE's current 3-Year ROIIC % is 50.84, which is near median its own 10-year median of 50.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kloeckner SE stock overvalued right now?
Based on GuruFocus' analysis, Kloeckner SE (CHIX:KCOD) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.93, compared to a current price of €12.46 — trading 110.1% above its estimated fair value. The current 3-Year ROIIC % is 50.84, which is near median its 10-year median of 50.84. Kloeckner SE's overall GF Score™ is 50/100 with 8 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 Kloeckner SE (CHIX:KCOD), the current 3-Year ROIIC % is 50.84 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 Kloeckner SE (CHIX:KCOD) Overvalued in 2026?
Based on GuruFocus' analysis, Kloeckner SE stock appears to be overvalued.
The current stock price of €12.46 is trading 110.1% above its estimated GF Value™ of €5.93.
GuruFocus considers Kloeckner SE to be Significantly Overvalued.
Key valuation signals for CHIX:KCOD:
3-Year ROIIC %: 50.84 (near median its 10-year median of 50.84)
GF Value™: €5.93 vs. price of €12.46 (110.1% above fair value)
No single metric tells the full story. See the CHIX:KCOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kloeckner & Co SE is a German-based steel and metal distributor, as well as an operator of steel service centers. It acts as a connecting link between steel producers and consumers. It provides customers with an optimized, end-to-end solution from procurement through logistics to prefabrication, including individual delivery and 24-hour service. It caters to industries like construction, consumer goods, metal transforming, transportation, machinery manufacturing, mechanical engineering, and others. The company has three operating segments: Kloeckner Metals Americas, and Kloeckner Metals Europe.
50GF Score
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