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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.
BHB Brauholding Bayern-Mitte AG's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -9.02%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
FRA:B9B's 3-Year ROIIC % is ranked worse than 64.65% of 198
companies
in the Beverages - Alcoholic industry
Industry Median: 0.38
vs FRA:B9B: -9.02
BHB Brauholding Bayern-Mitte AG (FRA:B9B) 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.
BHB Brauholding Bayern-Mitte AG 3-Year ROIIC % Related Terms
BHB Brauholding Bayern-Mitte AG 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.
BHB Brauholding Bayern-Mitte AG 3-Year ROIIC % Chart
FRA:B9B vs BUD, STZ, TAP: 3-Year ROIIC % Comparison
For the Beverages - Brewers subindustry, BHB Brauholding Bayern-Mitte AG'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.
BHB Brauholding Bayern-Mitte AG 3-Year ROIIC % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, BHB Brauholding Bayern-Mitte AG's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where BHB Brauholding Bayern-Mitte AG's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -0.048 (Dec. 2025) - 0.3490212 (Dec. 2022) )
/
( 15.504 (Dec. 2025) - 11.103 (Dec. 2022) )
=
-0.3970212
/
4.401
=
-9.02%***
* 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.
BHB Brauholding Bayern-Mitte AG (FRA:B9B) has a 3-Year ROIIC % of -9.02 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 BHB Brauholding Bayern-Mitte AG and its competitors. According to the industry distribution chart, BHB Brauholding Bayern-Mitte AG ranks #128 out of 198 companies in the Beverages - Alcoholic industry, placing it in the top 64.6%.
Is BHB Brauholding Bayern-Mitte AG's 3-Year ROIIC % too high?
BHB Brauholding Bayern-Mitte AG's current 3-Year ROIIC % is -9.02. Based on the distribution chart, BHB Brauholding Bayern-Mitte AG ranks #128 out of 198 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, BHB Brauholding Bayern-Mitte AG has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BHB Brauholding Bayern-Mitte AG's 3-Year ROIIC % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, BHB Brauholding Bayern-Mitte AG ranks #128 out of 198 companies for 3-Year ROIIC %. This places BHB Brauholding Bayern-Mitte AG in the lower half of its industry. The industry median 3-Year ROIIC % is 0.38. 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 Beverages - Alcoholic company?
The median 3-Year ROIIC % among Beverages - Alcoholic companies is 0.38, based on 198 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 BHB Brauholding Bayern-Mitte AG and its competitors. For the Beverages - Alcoholic industry, the median 3-Year ROIIC % is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BHB Brauholding Bayern-Mitte AG's current 3-Year ROIIC % is -9.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BHB Brauholding Bayern-Mitte AG stock overvalued right now?
Based on GuruFocus' analysis, BHB Brauholding Bayern-Mitte AG (FRA:B9B) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.46, compared to a current price of €1.97 — trading 19.9% below its estimated fair value. The current 3-Year ROIIC % is -9.02. BHB Brauholding Bayern-Mitte AG's overall GF Score™ is 73/100 with 4 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 BHB Brauholding Bayern-Mitte AG (FRA:B9B), the current 3-Year ROIIC % is -9.02 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 BHB Brauholding Bayern-Mitte AG (FRA:B9B) Overvalued in 2026?
Based on GuruFocus' analysis, BHB Brauholding Bayern-Mitte AG stock appears to be undervalued.
The current stock price of €1.97 is trading 19.9% below its estimated GF Value™ of €2.46.
GuruFocus considers BHB Brauholding Bayern-Mitte AG to be Modestly Undervalued.
Key valuation signals for FRA:B9B:
3-Year ROIIC %: -9.02
GF Value™: €2.46 vs. price of €1.97 (19.9% below fair value)
No single metric tells the full story. See the FRA:B9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BHB Brauholding Bayern-Mitte AG Business Description
BHB Brauholding Bayern-Mitte AG is a holding company. Along with its subsidiaries, it is mainly engaged in the in-house production and distribution of beers and non-alcoholic beverages, and the trading of beverages from other manufacturers. The group's brand portfolio comprises 10 wheat beers, 29 bottom-fermented beer specialties, and three beer-based mixed drinks. Additionally, it is involved in the operation of restaurants and the associated marketing, and offers a wide variety of mineral waters and non-alcoholic soft drinks.
73GF Score
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