National Cement Co PSCDFM:NCC 71 3-Year ROIIC % is 8.14 as of Dec. 2025, which is 31% above its 10-year median of 6.23. GuruFocus rates DFM:NCC with a GF Score™ of 71/100 and a GF Value™ of د.إ4.44 (Fairly Valued). The stock has 4 warning signs investors should review. Among 382 Building Materials companies, National Cement Co PSC ranks better than 55.24% 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.
National Cement Co PSC's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 8.14%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for National Cement Co PSC's 3-Year ROIIC % or its related term are showing as below:
DFM:NCC's 3-Year ROIIC % is ranked better than 55.24% of 382
companies
in the Building Materials industry
Industry Median: 5.185
vs DFM:NCC: 8.14
National Cement Co PSC (DFM:NCC) 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.
National Cement Co PSC 3-Year ROIIC % Related Terms
National Cement Co PSC 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for National Cement Co PSC'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.
DFM:NCC vs CRH, VMC, MLM: 3-Year ROIIC % Comparison
For the Building Materials subindustry, National Cement Co PSC'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.
National Cement Co PSC 3-Year ROIIC % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, National Cement Co PSC's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where National Cement Co PSC's 3-Year ROIIC % falls into.
National Cement Co PSC'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**
=
( 21.0838992 (Dec. 2025) - -52.793 (Dec. 2022) )
/
( 2652.967 (Dec. 2025) - 1745.799 (Dec. 2022) )
=
73.8768992
/
907.168
=
8.14%***
* 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.
National Cement Co PSC (DFM:NCC) has a 3-Year ROIIC % of 8.14 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 National Cement Co PSC and its competitors. This is 31% above median its historical median of 6.23. According to the industry distribution chart, National Cement Co PSC ranks #171 out of 382 companies in the Building Materials industry, placing it in the top 44.8%.
Is National Cement Co PSC's 3-Year ROIIC % too high?
National Cement Co PSC's current 3-Year ROIIC % of 8.14 is 31% above median its 10-year median of 6.23. The Building Materials industry median 3-Year ROIIC % is 5.19. National Cement Co PSC's value of 8.14 is 57% above this industry median. Based on the distribution chart, National Cement Co PSC ranks #171 out of 382 companies in the Building Materials industry, which is above the industry midpoint. Overall, National Cement Co PSC has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Cement Co PSC's 3-Year ROIIC % compare to CRH and VMC?
According to the Building Materials industry distribution chart, National Cement Co PSC ranks #171 out of 382 companies for 3-Year ROIIC %. This puts National Cement Co PSC in the upper half of its industry. The industry median 3-Year ROIIC % is 5.19. National Cement Co PSC's value of 8.14 is 57% above this benchmark. While the company's 10-year median is 6.23 vs. the industry median of 5.19, National Cement Co PSC 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 Building Materials company?
The median 3-Year ROIIC % among Building Materials companies is 5.19, based on 382 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. National Cement Co PSC's current 3-Year ROIIC % of 8.14 is 57% 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 National Cement Co PSC and its competitors. For the Building Materials industry, the median 3-Year ROIIC % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Cement Co PSC's current 3-Year ROIIC % is 8.14, which is 31% above median its own 10-year median of 6.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, National Cement Co PSC (DFM:NCC) is currently considered Fairly Valued. The stock's GF Value™ is د.إ4.44, compared to a current price of د.إ4.22 — trading 5% below its estimated fair value. The current 3-Year ROIIC % is 8.14, which is 31% above median its 10-year median of 6.23 and 57% above the Building Materials industry median of 5.19. National Cement Co PSC's overall GF Score™ is 71/100 with 4 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 National Cement Co PSC (DFM:NCC), the current 3-Year ROIIC % is 8.14 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 National Cement Co PSC (DFM:NCC) Overvalued in 2026?
Based on GuruFocus' analysis, National Cement Co PSC stock appears to be undervalued.
The current stock price of د.إ4.22 is trading 5% below its estimated GF Value™ of د.إ4.44.
GuruFocus considers National Cement Co PSC to be Fairly Valued.
Key valuation signals for DFM:NCC:
3-Year ROIIC %: 8.14 (31% above median its 10-year median of 6.23)
GF Value™: د.إ4.44 vs. price of د.إ4.22 (5% below fair value)
Industry Position: 57% above the Building Materials median (#171 of 382)
No single metric tells the full story. See the DFM:NCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Cement Co PSC is a UAE-based company that manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement, and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in the manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.
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