Lighthouse PropertiesFRA:87O +3.02%54 3-Year ROIIC % is 6.19 as of Dec. 2025, which is 33% above its 10-year median of 4.64. GuruFocus rates FRA:87O with a GF Score™ of 54/100 and a GF Value™ of €0.58 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,666 Real Estate companies, Lighthouse Properties ranks better than 66.03% 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.
Lighthouse Properties's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 6.19%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Lighthouse Properties's 3-Year ROIIC % or its related term are showing as below:
FRA:87O's 3-Year ROIIC % is ranked better than 66.03% of 1666
companies
in the Real Estate industry
Industry Median: 2.35
vs FRA:87O: 6.19
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.
Lighthouse Properties 3-Year ROIIC % Related Terms
Lighthouse Properties 3-Year ROIIC % Historical Data
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The historical data trend for Lighthouse Properties'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:87O vs CBRE, BEKE, JLL: 3-Year ROIIC % Comparison
For the Real Estate Services subindustry, Lighthouse Properties'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.
Lighthouse Properties 3-Year ROIIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lighthouse Properties's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Lighthouse Properties's 3-Year ROIIC % falls into.
Lighthouse Properties'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**
=
( 84.197503 (Dec. 2025) - 35.527872 (Dec. 2022) )
/
( 1601.808 (Dec. 2025) - 834.329 (Dec. 2022) )
=
48.669631
/
767.479
=
6.34%***
* 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.
Lighthouse Properties (FRA:87O) has a 3-Year ROIIC % of 6.19 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 Lighthouse Properties and its competitors. This is 33% above median its historical median of 4.64. Over the past decade, Lighthouse Properties' 3-Year ROIIC % has ranged from 0.06 to 8.09. According to the industry distribution chart, Lighthouse Properties ranks #566 out of 1666 companies in the Real Estate industry, placing it in the top 34%.
Is Lighthouse Properties' 3-Year ROIIC % too high?
Lighthouse Properties' current 3-Year ROIIC % of 6.19 is 33% above median its 10-year median of 4.64. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 8.09. The Real Estate industry median 3-Year ROIIC % is 2.35. Lighthouse Properties' value of 6.19 is 163.4% above this industry median. Based on the distribution chart, Lighthouse Properties ranks #566 out of 1666 companies in the Real Estate industry, which is above the industry midpoint. Overall, Lighthouse Properties has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lighthouse Properties' 3-Year ROIIC % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Lighthouse Properties ranks #566 out of 1666 companies for 3-Year ROIIC %. This puts Lighthouse Properties in the upper half of its industry. The industry median 3-Year ROIIC % is 2.35. Lighthouse Properties' value of 6.19 is 163.4% above this benchmark. Historically, Lighthouse Properties' own 3-Year ROIIC % has ranged from 0.06 to 8.09 over the past decade. While the company's 10-year median is 4.64 vs. the industry median of 2.35, Lighthouse Properties 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 Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.35, based on 1,666 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. Lighthouse Properties's current 3-Year ROIIC % of 6.19 is 163.4% 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 Lighthouse Properties and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lighthouse Properties's current 3-Year ROIIC % is 6.19, which is 33% above median its own 10-year median of 4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lighthouse Properties stock overvalued right now?
Based on GuruFocus' analysis, Lighthouse Properties (FRA:87O) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.58, compared to a current price of €0.41 — trading 29.3% below its estimated fair value. The current 3-Year ROIIC % is 6.19, which is 33% above median its 10-year median of 4.64 and 163.4% above the Real Estate industry median of 2.35. Lighthouse Properties' overall GF Score™ is 54/100 with 8 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 Lighthouse Properties (FRA:87O), the current 3-Year ROIIC % is 6.19 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 Lighthouse Properties (FRA:87O) Overvalued in 2026?
Based on GuruFocus' analysis, Lighthouse Properties stock appears to be undervalued.
The current stock price of €0.41 is trading 29.3% below its estimated GF Value™ of €0.58.
GuruFocus considers Lighthouse Properties to be Modestly Undervalued.
Key valuation signals for FRA:87O:
3-Year ROIIC %: 6.19 (33% above median its 10-year median of 4.64)
GF Value™: €0.58 vs. price of €0.41 (29.3% below fair value)
Industry Position: 163.4% above the Real Estate median (#566 of 1666)
No single metric tells the full story. See the FRA:87O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lighthouse Properties PLC focuses on investing in dominant and defensive malls located in large Western European cities. Its activities include acquiring and investing in high-quality malls, enhancing property value through redevelopment, refurbishment, and improvements, and leasing space to tenants to generate rental income. The Group operates through two segments: direct property investments and indirect property investments, which involve temporary investments in listed real estate equity securities until capital is deployed into acquisitions, expansions, or refurbishments. The company's property portfolio is located across Spain, Portugal, and France, with the majority of revenue generated from Spain.
54GF Score
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