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11 bit studiosFRA:11C 76 3-Year ROIIC % is -7.47 as of Dec. 2025. GuruFocus rates FRA:11C with a GF Score™ of 76/100 and a GF Value™ of €57.39 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 531 Interactive Media companies, 11 bit studios ranks worse than 62.52% 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.
11 bit studios's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -7.47%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for 11 bit studios's 3-Year ROIIC % or its related term are showing as below:
FRA:11C's 3-Year ROIIC % is ranked worse than 62.52% of 531
companies
in the Interactive Media industry
Industry Median: 3.45
vs FRA:11C: -7.47
11 bit studios (FRA:11C) 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.
11 bit studios 3-Year ROIIC % Related Terms
11 bit studios 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for 11 bit studios'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.
FRA:11C vs NTES, EA, TTWO: 3-Year ROIIC % Comparison
For the Electronic Gaming & Multimedia subindustry, 11 bit studios'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.
11 bit studios 3-Year ROIIC % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, 11 bit studios's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where 11 bit studios's 3-Year ROIIC % falls into.
11 bit studios'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**
=
( 3.0915477 (Dec. 2025) - 3.8381796 (Dec. 2022) )
/
( 45.549 (Dec. 2025) - 35.556 (Dec. 2022) )
=
-0.7466319
/
9.993
=
-7.47%***
* 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.
11 bit studios (FRA:11C) has a 3-Year ROIIC % of -7.47 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 11 bit studios and its competitors. According to the industry distribution chart, 11 bit studios ranks #332 out of 531 companies in the Interactive Media industry, placing it in the top 62.5%.
Is 11 bit studios' 3-Year ROIIC % too high?
11 bit studios' current 3-Year ROIIC % is -7.47. Based on the distribution chart, 11 bit studios ranks #332 out of 531 companies in the Interactive Media industry, which is below the industry midpoint. Overall, 11 bit studios has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 11 bit studios' 3-Year ROIIC % compare to NTES and EA?
According to the Interactive Media industry distribution chart, 11 bit studios ranks #332 out of 531 companies for 3-Year ROIIC %. This places 11 bit studios in the lower half of its industry. The industry median 3-Year ROIIC % is 3.45. 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 Interactive Media company?
The median 3-Year ROIIC % among Interactive Media companies is 3.45, based on 531 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 11 bit studios and its competitors. For the Interactive Media industry, the median 3-Year ROIIC % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 11 bit studios's current 3-Year ROIIC % is -7.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 11 bit studios stock overvalued right now?
Based on GuruFocus' analysis, 11 bit studios (FRA:11C) is currently considered Significantly Undervalued. The stock's GF Value™ is €57.39, compared to a current price of €30.00 — trading 47.7% below its estimated fair value. The current 3-Year ROIIC % is -7.47. 11 bit studios' overall GF Score™ is 76/100 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 11 bit studios (FRA:11C), the current 3-Year ROIIC % is -7.47 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 11 bit studios (FRA:11C) Overvalued in 2026?
Based on GuruFocus' analysis, 11 bit studios stock appears to be undervalued.
The current stock price of €30.00 is trading 47.7% below its estimated GF Value™ of €57.39.
GuruFocus considers 11 bit studios to be Significantly Undervalued.
Key valuation signals for FRA:11C:
3-Year ROIIC %: -7.47
GF Value™: €57.39 vs. price of €30.00 (47.7% below fair value)
No single metric tells the full story. See the FRA:11C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
11 bit studios SA is a manufacturer of multi-platform video games in Poland. It develops games for a wide range of devices including personal computers, and tablet computers.
76GF Score
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