EHang HoldingsEH +2.27%68 3-Year ROIIC % is -0.86 as of Dec. 2025. GuruFocus rates EH with a GF Score™ of 68/100 and a GF Value™ of $22.47 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 320 Aerospace & Defense companies, EHang Holdings ranks worse than 59.69% 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.
EHang Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -0.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for EHang Holdings's 3-Year ROIIC % or its related term are showing as below:
EH's 3-Year ROIIC % is ranked worse than 59.69% of 320
companies
in the Aerospace & Defense industry
Industry Median: 3.79
vs EH: -0.86
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.
EHang Holdings 3-Year ROIIC % Related Terms
EHang Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for EHang Holdings'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.
For the Aerospace & Defense subindustry, EHang Holdings'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.
EHang Holdings 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, EHang Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where EHang Holdings's 3-Year ROIIC % falls into.
EHang Holdings'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**
=
( -44.247528 (Dec. 2025) - -43.598 (Dec. 2022) )
/
( 122.297 (Dec. 2025) - 46.494 (Dec. 2022) )
=
-0.649528
/
75.803
=
-0.86%***
* 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.
EHang Holdings (EH) has a 3-Year ROIIC % of -0.86 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 EHang Holdings and its competitors. According to the industry distribution chart, EHang Holdings ranks #191 out of 320 companies in the Aerospace & Defense industry, placing it in the top 59.7%.
Is EHang Holdings' 3-Year ROIIC % too high?
EHang Holdings' current 3-Year ROIIC % is -0.86. Based on the distribution chart, EHang Holdings ranks #191 out of 320 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, EHang Holdings has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does EHang Holdings' 3-Year ROIIC % compare to MRLN and ELMT?
According to the Aerospace & Defense industry distribution chart, EHang Holdings ranks #191 out of 320 companies for 3-Year ROIIC %. This places EHang Holdings in the lower half of its industry. The industry median 3-Year ROIIC % is 3.79. 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 an Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.79, based on 320 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. 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 EHang Holdings and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EHang Holdings's current 3-Year ROIIC % is -0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EHang Holdings stock overvalued right now?
Based on GuruFocus' analysis, EHang Holdings (EH) is currently considered Possible Value Trap. The stock's GF Value™ is $22.47, compared to a current price of $5.63 — trading 74.9% below its estimated fair value. The current 3-Year ROIIC % is -0.86. EHang Holdings' overall GF Score™ is 68/100 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 EHang Holdings (EH), the current 3-Year ROIIC % is -0.86 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 EHang Holdings (EH) Overvalued in 2026?
Based on GuruFocus' analysis, EHang Holdings stock appears to be undervalued.
The current stock price of $5.63 is trading 74.9% below its estimated GF Value™ of $22.47.
GuruFocus considers EHang Holdings to be Possible Value Trap.
Key valuation signals for EH:
3-Year ROIIC %: -0.86
GF Value™: $22.47 vs. price of $5.63 (74.9% below fair value)
No single metric tells the full story. See the EH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EHang Holdings Ltd is an urban air mobility (UAM) technology platform company focused on autonomous aerial vehicle technology and solutions. The company provides unmanned aerial vehicle (UAV) systems and solutions for air mobility, including passenger transportation and logistics, as well as smart city management and aerial media solutions. Its EH216-S passenger-carrying pilotless eVTOL aircraft has obtained a production certificate and standard airworthiness certificate from the Civil Aviation Administration of China (CAAC).
68GF Score
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