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Per Aarsleff Holding ASCHIX:PAALBC 94 3-Year ROIIC % is 18.38 as of Sep. 2025, which is 66% above its 10-year median of 11.10. GuruFocus rates CHIX:PAALBC with a GF Score™ of 94/100 and a GF Value™ of kr606.65 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,684 Construction companies, Per Aarsleff Holding AS ranks better than 72.45% 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.
Per Aarsleff Holding AS's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was 18.38%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Per Aarsleff Holding AS's 3-Year ROIIC % or its related term are showing as below:
CHIX:PAALBc's 3-Year ROIIC % is ranked better than 72.45% of 1684
companies
in the Construction industry
Industry Median: 4.715
vs CHIX:PAALBc: 18.38
Per Aarsleff Holding AS (CHIX:PAALBc) 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.
Per Aarsleff Holding AS 3-Year ROIIC % Related Terms
Per Aarsleff Holding AS 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.
CHIX:PAALBC vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Per Aarsleff Holding 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.
Per Aarsleff Holding AS 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Per Aarsleff Holding AS's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Per Aarsleff Holding AS's 3-Year ROIIC % falls into.
Per Aarsleff Holding AS 3-Year ROIIC % Calculation
Per Aarsleff Holding AS's 3-Year ROIIC % for the quarter that ended in Sep. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 884.7509 (Sep. 2025) - 538.984 (Sep. 2022) )
/
( 9281 (Sep. 2025) - 7400 (Sep. 2022) )
=
345.7669
/
1881
=
18.38%***
* 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.
Per Aarsleff Holding AS (CHIX:PAALBC) has a 3-Year ROIIC % of 18.38 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Per Aarsleff Holding AS and its competitors. This is 66% above median its historical median of 11.10. According to the industry distribution chart, Per Aarsleff Holding AS ranks #464 out of 1684 companies in the Construction industry, placing it in the top 27.6%.
Is Per Aarsleff Holding AS's 3-Year ROIIC % too high?
Per Aarsleff Holding AS's current 3-Year ROIIC % of 18.38 is 66% above median its 10-year median of 11.10. The Construction industry median 3-Year ROIIC % is 4.72. Per Aarsleff Holding AS's value of 18.38 is 289.8% above this industry median. Based on the distribution chart, Per Aarsleff Holding AS ranks #464 out of 1684 companies in the Construction industry, which is above the industry midpoint. Overall, Per Aarsleff Holding AS has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Per Aarsleff Holding AS's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Per Aarsleff Holding AS ranks #464 out of 1684 companies for 3-Year ROIIC %. This puts Per Aarsleff Holding AS in the upper half of its industry. The industry median 3-Year ROIIC % is 4.72. Per Aarsleff Holding AS's value of 18.38 is 289.8% above this benchmark. While the company's 10-year median is 11.10 vs. the industry median of 4.72, Per Aarsleff Holding 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.72, based on 1,684 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. Per Aarsleff Holding AS's current 3-Year ROIIC % of 18.38 is 289.8% 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 Per Aarsleff Holding AS and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Per Aarsleff Holding AS's current 3-Year ROIIC % is 18.38, which is 66% above median its own 10-year median of 11.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Per Aarsleff Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Per Aarsleff Holding AS (CHIX:PAALBC) is currently considered Modestly Overvalued. The stock's GF Value™ is kr606.65, compared to a current price of kr696.50 — trading 14.8% above its estimated fair value. The current 3-Year ROIIC % is 18.38, which is 66% above median its 10-year median of 11.10 and 289.8% above the Construction industry median of 4.72. Per Aarsleff Holding AS's overall GF Score™ is 94/100 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 Per Aarsleff Holding AS (CHIX:PAALBC), the current 3-Year ROIIC % is 18.38 as of Sep. 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 Per Aarsleff Holding AS (CHIX:PAALBC) Overvalued in 2026?
Based on GuruFocus' analysis, Per Aarsleff Holding AS stock appears to be overvalued.
The current stock price of kr696.50 is trading 14.8% above its estimated GF Value™ of kr606.65.
GuruFocus considers Per Aarsleff Holding AS to be Modestly Overvalued.
Key valuation signals for CHIX:PAALBC:
3-Year ROIIC %: 18.38 (66% above median its 10-year median of 11.10)
GF Value™: kr606.65 vs. price of kr696.50 (14.8% above fair value)
Industry Position: 289.8% above the Construction median (#464 of 1684)
No single metric tells the full story. See the CHIX:PAALBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Per Aarsleff Holding AS is a Denmark-based holding company specializing in infrastructure and construction services. It has Construction, Pipe technologies, Technical Solutions, Rail, and Ground engineering segments. The construction segment consists of construction, shell structures, building construction and international projects. The pipe technologies segment covers utility companies, housing, industry, export, and manufacturing. The ground engineering segment comprises ground engineering, pile factories, and engineering. The rail segment comprises train station services, service center operations, and maintenance projects. It derives maximum revenue from the Construction segment. Geographically, the company has a business presence in Denmark and other countries.
94GF Score
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