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TAV Havalimanlari Holding ASFRA:5THA +1.59%74 3-Year ROIIC % is 3.43 as of Dec. 2025, which is 6% below its 10-year median of 3.64. GuruFocus rates FRA:5THA with a GF Score™ of 74/100 and a GF Value™ of €27.42 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 939 Transportation companies, TAV Havalimanlari Holding AS ranks better than 54.42% 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.
TAV Havalimanlari Holding AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.43%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
FRA:5THA's 3-Year ROIIC % is ranked better than 54.42% of 939
companies
in the Transportation industry
Industry Median: 1.97
vs FRA:5THA: 3.43
TAV Havalimanlari Holding AS (FRA:5THA) 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.
TAV Havalimanlari Holding AS 3-Year ROIIC % Related Terms
TAV Havalimanlari Holding AS 3-Year ROIIC % Historical Data
* 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 Airports & Air Services subindustry, TAV Havalimanlari Holding AS'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.
TAV Havalimanlari Holding AS 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, TAV Havalimanlari Holding AS's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TAV Havalimanlari Holding AS'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.
TAV Havalimanlari Holding AS (FRA:5THA) has a 3-Year ROIIC % of 3.43 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 TAV Havalimanlari Holding AS and its competitors. This is near median its historical median of 3.64. According to the industry distribution chart, TAV Havalimanlari Holding AS ranks #428 out of 939 companies in the Transportation industry, placing it in the top 45.6%.
Is TAV Havalimanlari Holding AS's 3-Year ROIIC % too high?
TAV Havalimanlari Holding AS's current 3-Year ROIIC % of 3.43 is near median its 10-year median of 3.64. The Transportation industry median 3-Year ROIIC % is 1.97. TAV Havalimanlari Holding AS's value of 3.43 is 74.1% above this industry median. Based on the distribution chart, TAV Havalimanlari Holding AS ranks #428 out of 939 companies in the Transportation industry, which is above the industry midpoint. Overall, TAV Havalimanlari Holding AS has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TAV Havalimanlari Holding AS's 3-Year ROIIC % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, TAV Havalimanlari Holding AS ranks #428 out of 939 companies for 3-Year ROIIC %. This puts TAV Havalimanlari Holding AS in the upper half of its industry. The industry median 3-Year ROIIC % is 1.97. TAV Havalimanlari Holding AS's value of 3.43 is 74.1% above this benchmark. While the company's 10-year median is 3.64 vs. the industry median of 1.97, TAV Havalimanlari Holding AS 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 1.97, based on 939 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. TAV Havalimanlari Holding AS's current 3-Year ROIIC % of 3.43 is 74.1% 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 TAV Havalimanlari Holding AS and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAV Havalimanlari Holding AS's current 3-Year ROIIC % is 3.43, which is near median its own 10-year median of 3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAV Havalimanlari Holding AS stock overvalued right now?
Based on GuruFocus' analysis, TAV Havalimanlari Holding AS (FRA:5THA) is currently considered Possible Value Trap. The stock's GF Value™ is €27.42, compared to a current price of €19.20 — trading 30% below its estimated fair value. The current 3-Year ROIIC % is 3.43, which is near median its 10-year median of 3.64 and 74.1% above the Transportation industry median of 1.97. TAV Havalimanlari Holding AS's overall GF Score™ is 74/100 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 TAV Havalimanlari Holding AS (FRA:5THA), the current 3-Year ROIIC % is 3.43 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 TAV Havalimanlari Holding AS (FRA:5THA) Overvalued in 2026?
Based on GuruFocus' analysis, TAV Havalimanlari Holding AS stock appears to be undervalued.
The current stock price of €19.20 is trading 30% below its estimated GF Value™ of €27.42.
GuruFocus considers TAV Havalimanlari Holding AS to be Possible Value Trap.
Key valuation signals for FRA:5THA:
3-Year ROIIC %: 3.43 (near median its 10-year median of 3.64)
GF Value™: €27.42 vs. price of €19.20 (30% below fair value)
Industry Position: 74.1% above the Transportation median (#428 of 939)
No single metric tells the full story. See the FRA:5THA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TAV Havalimanlari Holding AS constructs, manages, and operates terminal buildings and the operation of terminals or airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operate terminal buildings and car parks. Ground handling, bus operations, and duty-free operations are the next segments. The company is headquartered in Turkey and derives the majority of its revenue domestically.
74GF Score
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