AvexFRA:AX8 73 3-Year ROIIC % is 9.60 as of Mar. 2026, which is 482% above its 10-year median of 1.65. GuruFocus rates FRA:AX8 with a GF Score™ of 73/100 and a GF Value™ of €8.30 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 953 Media - Diversified companies, Avex ranks better than 64.11% 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.
Avex's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 9.60%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Avex's 3-Year ROIIC % or its related term are showing as below:
FRA:AX8's 3-Year ROIIC % is ranked better than 64.11% of 953
companies
in the Media - Diversified industry
Industry Median: 1.6
vs FRA:AX8: 9.60
Avex (FRA:AX8) 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.
Avex 3-Year ROIIC % Related Terms
Avex 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Avex'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:AX8 vs NFLX, DIS, WBD: 3-Year ROIIC % Comparison
For the Entertainment subindustry, Avex'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.
Avex 3-Year ROIIC % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Avex's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Avex's 3-Year ROIIC % falls into.
Avex's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 17.98803 (Mar. 2026) - 15.411228 (Mar. 2023) )
/
( 281.306 (Mar. 2026) - 280.952 (Mar. 2023) )
=
2.576802
/
0.35400000000016
=
727.91%***
* 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.
Avex (FRA:AX8) has a 3-Year ROIIC % of 9.60 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Avex and its competitors. This is 482% above median its historical median of 1.65. According to the industry distribution chart, Avex ranks #342 out of 953 companies in the Media - Diversified industry, placing it in the top 35.9%.
Is Avex's 3-Year ROIIC % too high?
Avex's current 3-Year ROIIC % of 9.60 is 482% above median its 10-year median of 1.65. The Media - Diversified industry median 3-Year ROIIC % is 1.60. Avex's value of 9.60 is 500% above this industry median. Based on the distribution chart, Avex ranks #342 out of 953 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Avex has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avex's 3-Year ROIIC % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Avex ranks #342 out of 953 companies for 3-Year ROIIC %. This puts Avex in the upper half of its industry. The industry median 3-Year ROIIC % is 1.60. Avex's value of 9.60 is 500% above this benchmark. While the company's 10-year median is 1.65 vs. the industry median of 1.60, Avex 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 Media - Diversified company?
The median 3-Year ROIIC % among Media - Diversified companies is 1.60, based on 953 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. Avex's current 3-Year ROIIC % of 9.60 is 500% 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 Avex and its competitors. For the Media - Diversified industry, the median 3-Year ROIIC % is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avex's current 3-Year ROIIC % is 9.60, which is 482% above median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avex stock overvalued right now?
Based on GuruFocus' analysis, Avex (FRA:AX8) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.30, compared to a current price of €6.35 — trading 23.5% below its estimated fair value. The current 3-Year ROIIC % is 9.60, which is 482% above median its 10-year median of 1.65 and 500% above the Media - Diversified industry median of 1.60. Avex's overall GF Score™ is 73/100 with 2 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 Avex (FRA:AX8), the current 3-Year ROIIC % is 9.60 as of Mar. 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 Avex (FRA:AX8) Overvalued in 2026?
Based on GuruFocus' analysis, Avex stock appears to be undervalued.
The current stock price of €6.35 is trading 23.5% below its estimated GF Value™ of €8.30.
GuruFocus considers Avex to be Modestly Undervalued.
Key valuation signals for FRA:AX8:
3-Year ROIIC %: 9.60 (482% above median its 10-year median of 1.65)
GF Value™: €8.30 vs. price of €6.35 (23.5% below fair value)
Industry Position: 500% above the Media - Diversified median (#342 of 953)
No single metric tells the full story. See the FRA:AX8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avex Inc is a diversified media company, which holds a number of entertainment subsidiaries. The company has four primary business segments: music, video, management and live content, and other. The music segment designs, produces, and sells music and music-related content. The video segment plans, produces, sells, and distributes video content and feature films. The management and live business segment manages artists, sells merchandise, operates fan clubs, and is involved in the production of concerts and live events. The other business segment operates schools, restaurants, and real estate. The company generates the vast majority of its revenue in Japan.
73GF Score
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