Qatar Navigation QSC (DSMD:QNNS) 3-Year ROIIC % : 11.74% (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.

DSMD:QNNS Qatar Navigation QSC DSMD:QNNS
100 GF Score
Price ر.ق10.30
GF Value ر.ق12.89
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Qatar Navigation QSC 3-Year ROIIC %?

Qatar Navigation QSC DSMD:QNNS +0.98% 100 3-Year ROIIC % is 11.74 as of Dec. 2025, which is 6% below its 10-year median of 12.48. GuruFocus rates DSMD:QNNS with a GF Score™ of 100/100 and a GF Value™ of ر.ق12.89 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 949 Transportation companies, Qatar Navigation QSC ranks better than 69.44% 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. Qatar Navigation QSC's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 11.74%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

DSMD:QNNS's 3-Year ROIIC % is ranked better than
69.44% of 949 companies
in the Transportation industry
Industry Median: 1.84 vs DSMD:QNNS: 11.74

Qatar Navigation QSC  (DSMD:QNNS) 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.


Qatar Navigation QSC 3-Year ROIIC % Related Terms


Qatar Navigation QSC 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Qatar Navigation QSC'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.

Qatar Navigation QSC 3-Year ROIIC % Chart

Qatar Navigation QSC 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 40.57 -30.16 646.33 22.98 11.74

Qatar Navigation QSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 11.74 0.00 0.00

Qatar Navigation QSC 3-Year ROIIC % Competitor Comparison

For the Marine Shipping subindustry, Qatar Navigation QSC'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.


Qatar Navigation QSC 3-Year ROIIC % vs Transportation Industry

For the Transportation industry and Industrials sector, Qatar Navigation QSC's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Qatar Navigation QSC's 3-Year ROIIC % falls into.


DSMD:QNNS
100GF Score
Qatar Navigation QSC DSMD:QNNS
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qatar Navigation QSC 3-Year ROIIC % Calculation

Qatar Navigation QSC'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**
=( 635.152414 (Dec. 2025) - 486.465516 (Dec. 2022) )/( 17647.085 (Dec. 2025) - 16380.226 (Dec. 2022) )
=148.686898/1266.859
=11.74%***

* 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 11.74 mean?
Qatar Navigation QSC (DSMD:QNNS) has a 3-Year ROIIC % of 11.74 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 Qatar Navigation QSC and its competitors. This is near median its historical median of 12.48. According to the industry distribution chart, Qatar Navigation QSC ranks #290 out of 949 companies in the Transportation industry, placing it in the top 30.6%.
Is Qatar Navigation QSC's 3-Year ROIIC % too high?
Qatar Navigation QSC's current 3-Year ROIIC % of 11.74 is near median its 10-year median of 12.48. The Transportation industry median 3-Year ROIIC % is 1.84. Qatar Navigation QSC's value of 11.74 is 538% above this industry median. Based on the distribution chart, Qatar Navigation QSC ranks #290 out of 949 companies in the Transportation industry, which is above the industry midpoint. Overall, Qatar Navigation QSC has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qatar Navigation QSC's 3-Year ROIIC % compare to competitors?
According to the Transportation industry distribution chart, Qatar Navigation QSC ranks #290 out of 949 companies for 3-Year ROIIC %. This puts Qatar Navigation QSC in the upper half of its industry. The industry median 3-Year ROIIC % is 1.84. Qatar Navigation QSC's value of 11.74 is 538% above this benchmark. While the company's 10-year median is 12.48 vs. the industry median of 1.84, Qatar Navigation QSC 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.84, based on 949 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. Qatar Navigation QSC's current 3-Year ROIIC % of 11.74 is 538% 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 Qatar Navigation QSC and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qatar Navigation QSC's current 3-Year ROIIC % is 11.74, which is near median its own 10-year median of 12.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qatar Navigation QSC stock overvalued right now?
Based on GuruFocus' analysis, Qatar Navigation QSC (DSMD:QNNS) is currently considered Modestly Undervalued. The stock's GF Value™ is ر.ق12.89, compared to a current price of ر.ق10.30 — trading 20.1% below its estimated fair value. The current 3-Year ROIIC % is 11.74, which is near median its 10-year median of 12.48 and 538% above the Transportation industry median of 1.84. Qatar Navigation QSC's overall GF Score™ is 100/100 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 Qatar Navigation QSC (DSMD:QNNS), the current 3-Year ROIIC % is 11.74 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 Qatar Navigation QSC (DSMD:QNNS) Overvalued in 2026?

Based on GuruFocus' analysis, Qatar Navigation QSC stock appears to be undervalued. The current stock price of ر.ق10.30 is trading 20.1% below its estimated GF Value™ of ر.ق12.89. GuruFocus considers Qatar Navigation QSC to be Modestly Undervalued.

Key valuation signals for DSMD:QNNS:

  • 3-Year ROIIC %: 11.74 (near median its 10-year median of 12.48)
  • GF Value™: ر.ق12.89 vs. price of ر.ق10.30 (20.1% below fair value)
  • GF Score™: 100/100 with 2 warning signs
  • Industry Position: 538% above the Transportation median (#290 of 949)

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


Qatar Navigation QSC Business Description

Address East Industrial Road, Street No. 523, Umm Al Saneem Area, P.O. Box 153, Zone 56, Doha, QAT
Qatar Navigation QSC company provides diversified maritime and logistics companies in the Middle East with a focus on providing integrated transport and supply chain solutions. Milaha's current activities include Maritime and Logistics; Gas and Petrochem; Offshore Marine; Marine and Technical Services; and Capital. The Segment includes Milaha Capital, Milaha Maritime and Logistics, Milaha Offshore, Milaha Tradings, Milaha Gas and Petrochem, Milaha Corporate. Maximum of revenue is from Milaha Gas and Petrochem segment. Geographically operates in Qatar, Singapore, UAE, Germany, India, with maximum revenue from Qatar.
100GF Score

Get the complete analysis for DSMD:QNNS

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

ر.ق10.30
Price
ر.ق12.89
GF Value