The Chefs' WarehouseFRA:2CF 72 3-Year ROIIC % is 11.95 as of Dec. 2025, which is 120% above its 10-year median of 5.44. GuruFocus rates FRA:2CF with a GF Score™ of 72/100 and a GF Value™ of €46.39. The stock has 7 warning signs investors should review. Among 293 Retail - Defensive companies, The Chefs' Warehouse ranks better than 64.16% 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.
The Chefs' Warehouse's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 11.95%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for The Chefs' Warehouse's 3-Year ROIIC % or its related term are showing as below:
FRA:2CF's 3-Year ROIIC % is ranked better than 64.16% of 293
companies
in the Retail - Defensive industry
Industry Median: 5.95
vs FRA:2CF: 11.95
The Chefs' Warehouse (FRA:2CF) 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.
The Chefs' Warehouse 3-Year ROIIC % Related Terms
The Chefs' Warehouse 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for The Chefs' Warehouse'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:2CF vs UNFI, ANDE, AVO: 3-Year ROIIC % Comparison
For the Food Distribution subindustry, The Chefs' Warehouse'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.
The Chefs' Warehouse 3-Year ROIIC % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, The Chefs' Warehouse's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where The Chefs' Warehouse's 3-Year ROIIC % falls into.
* 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.
The Chefs' Warehouse (FRA:2CF) has a 3-Year ROIIC % of 11.95 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 The Chefs' Warehouse and its competitors. This is 120% above median its historical median of 5.44. According to the industry distribution chart, The Chefs' Warehouse ranks #105 out of 293 companies in the Retail - Defensive industry, placing it in the top 35.8%.
Is The Chefs' Warehouse's 3-Year ROIIC % too high?
The Chefs' Warehouse's current 3-Year ROIIC % of 11.95 is 120% above median its 10-year median of 5.44. The Retail - Defensive industry median 3-Year ROIIC % is 5.95. The Chefs' Warehouse's value of 11.95 is 100.8% above this industry median. Based on the distribution chart, The Chefs' Warehouse ranks #105 out of 293 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, The Chefs' Warehouse has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does The Chefs' Warehouse's 3-Year ROIIC % compare to UNFI and ANDE?
According to the Retail - Defensive industry distribution chart, The Chefs' Warehouse ranks #105 out of 293 companies for 3-Year ROIIC %. This puts The Chefs' Warehouse in the upper half of its industry. The industry median 3-Year ROIIC % is 5.95. The Chefs' Warehouse's value of 11.95 is 100.8% above this benchmark. While the company's 10-year median is 5.44 vs. the industry median of 5.95, The Chefs' Warehouse 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 Retail - Defensive company?
The median 3-Year ROIIC % among Retail - Defensive companies is 5.95, based on 293 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. The Chefs' Warehouse's current 3-Year ROIIC % of 11.95 is 100.8% 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 The Chefs' Warehouse and its competitors. For the Retail - Defensive industry, the median 3-Year ROIIC % is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Chefs' Warehouse's current 3-Year ROIIC % is 11.95, which is 120% above median its own 10-year median of 5.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Chefs' Warehouse stock overvalued right now?
The Chefs' Warehouse (FRA:2CF) has a current 3-Year ROIIC % of 11.95. The stock's GF Value™ is €46.39, compared to a current price of €83.50 — trading 80% above its estimated fair value. The current 3-Year ROIIC % is 11.95, which is 120% above median its 10-year median of 5.44 and 100.8% above the Retail - Defensive industry median of 5.95. The Chefs' Warehouse's overall GF Score™ is 72/100 with 7 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 The Chefs' Warehouse (FRA:2CF), the current 3-Year ROIIC % is 11.95 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 The Chefs' Warehouse (FRA:2CF) Overvalued in 2026?
Based on GuruFocus' analysis, The Chefs' Warehouse stock appears to be overvalued.
The current stock price of €83.50 is trading 80% above its estimated GF Value™ of €46.39.
Key valuation signals for FRA:2CF:
3-Year ROIIC %: 11.95 (120% above median its 10-year median of 5.44)
GF Value™: €46.39 vs. price of €83.50 (80% above fair value)
Industry Position: 100.8% above the Retail - Defensive median (#105 of 293)
No single metric tells the full story. See the FRA:2CF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Chefs' Warehouse Inc is a specialty food distributor in metropolitan areas across the United States, the Middle East and Canada. The company's product portfolio is comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. It operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, midwest, and west coasts of the U.S. The company provides service to restaurants, clubs, hotels, caterers, schools, bakeries, casinos, and specialty food stores.
72GF Score
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