Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Victoria's Secret's 3-Year ROIIC % for the quarter that ended in Jan. 2026 was -204.65%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Victoria's Secret's 3-Year ROIIC % or its related term are showing as below:
FRA:8FR's 3-Year ROIIC % is ranked worse than 96.22% of 1059
companies
in the Retail - Cyclical industry
Industry Median: 4.48
vs FRA:8FR: -204.65
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.
Victoria's Secret 3-Year ROIIC % Related Terms
Victoria's Secret 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Victoria's Secret'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:8FR vs GAP, URBN, BOOT: 3-Year ROIIC % Comparison
For the Apparel Retail subindustry, Victoria's Secret'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.
Victoria's Secret 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Victoria's Secret's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Victoria's Secret'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.
Victoria's Secret (FRA:8FR) has a 3-Year ROIIC % of -204.65 as of Jan. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Victoria's Secret and its competitors. According to the industry distribution chart, Victoria's Secret ranks #1019 out of 1059 companies in the Retail - Cyclical industry, placing it in the top 96.2%.
Is Victoria's Secret's 3-Year ROIIC % too high?
Victoria's Secret's current 3-Year ROIIC % is -204.65. Based on the distribution chart, Victoria's Secret ranks #1019 out of 1059 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Victoria's Secret has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Victoria's Secret's 3-Year ROIIC % compare to GAP and URBN?
According to the Retail - Cyclical industry distribution chart, Victoria's Secret ranks #1019 out of 1059 companies for 3-Year ROIIC %. This places Victoria's Secret in the lower half of its industry. The industry median 3-Year ROIIC % is 4.48. 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 - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.48, based on 1,059 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 Victoria's Secret and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victoria's Secret's current 3-Year ROIIC % is -204.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victoria's Secret stock overvalued right now?
Based on GuruFocus' analysis, Victoria's Secret (FRA:8FR) is currently considered Significantly Overvalued. The stock's GF Value™ is €21.80, compared to a current price of €71.48 — trading 227.9% above its estimated fair value. The current 3-Year ROIIC % is -204.65. Victoria's Secret's overall GF Score™ is 62/100 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 Victoria's Secret (FRA:8FR), the current 3-Year ROIIC % is -204.65 as of Jan. 2026. 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 Victoria's Secret (FRA:8FR) Overvalued in 2026?
Based on GuruFocus' analysis, Victoria's Secret stock appears to be overvalued.
The current stock price of €71.48 is trading 227.9% above its estimated GF Value™ of €21.80.
GuruFocus considers Victoria's Secret to be Significantly Overvalued.
Key valuation signals for FRA:8FR:
3-Year ROIIC %: -204.65
GF Value™: €21.80 vs. price of €71.48 (227.9% above fair value)
No single metric tells the full story. See the FRA:8FR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Victoria's Secret & Co is a retailer of women's intimate and other apparel and beauty products marketed under the Victoria's Secret, PINK, and Adore Me brand names. It also includes the merchandise sourcing and production function serving the Company and its international partners. The Company operates as a single segment designed to serve customers seamlessly through stores and online channels. The Company also includes the merchandise sourcing and production function serving the Company and its international partners.
62GF Score
Get the complete analysis for FRA:8FR
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:8FR has been successfully added to your 
