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BYD CoFRA:BY6 -0.83%92 3-Year ROIIC % is 4.17 as of Dec. 2025, which is 47% below its 10-year median of 7.84. GuruFocus rates FRA:BY6 with a GF Score™ of 92/100 and a GF Value™ of €12.29 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,254 Vehicles & Parts companies, BYD Co ranks worse than 50.24% 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.
BYD Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.17%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for BYD Co's 3-Year ROIIC % or its related term are showing as below:
FRA:BY6's 3-Year ROIIC % is ranked worse than 50.24% of 1254
companies
in the Vehicles & Parts industry
Industry Median: 4.21
vs FRA:BY6: 4.17
BYD Co (FRA:BY6) 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.
BYD Co 3-Year ROIIC % Related Terms
BYD Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for BYD Co'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.
For the Auto Manufacturers subindustry, BYD Co'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.
BYD Co 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where BYD Co'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.
BYD Co (FRA:BY6) has a 3-Year ROIIC % of 4.17 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 BYD Co and its competitors. This is 47% below median its historical median of 7.84. According to the industry distribution chart, BYD Co ranks #630 out of 1254 companies in the Vehicles & Parts industry, placing it in the top 50.2%.
Is BYD Co's 3-Year ROIIC % too high?
BYD Co's current 3-Year ROIIC % of 4.17 is 47% below median its 10-year median of 7.84. The Vehicles & Parts industry median 3-Year ROIIC % is 4.21. BYD Co's value of 4.17 is 1% below this industry median. Based on the distribution chart, BYD Co ranks #630 out of 1254 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, BYD Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BYD Co's 3-Year ROIIC % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, BYD Co ranks #630 out of 1254 companies for 3-Year ROIIC %. This places BYD Co in the lower half of its industry. The industry median 3-Year ROIIC % is 4.21. BYD Co's value of 4.17 is 1% below this benchmark. While the company's 10-year median is 7.84 vs. the industry median of 4.21, BYD Co has consistently been below 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 Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.21, based on 1,254 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. BYD Co's current 3-Year ROIIC % of 4.17 is 1% below 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 BYD Co and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BYD Co's current 3-Year ROIIC % is 4.17, which is 47% below median its own 10-year median of 7.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BYD Co stock overvalued right now?
Based on GuruFocus' analysis, BYD Co (FRA:BY6) is currently considered Modestly Undervalued. The stock's GF Value™ is €12.29, compared to a current price of €9.95 — trading 19.1% below its estimated fair value. The current 3-Year ROIIC % is 4.17, which is 47% below median its 10-year median of 7.84 and 1% below the Vehicles & Parts industry median of 4.21. BYD Co's overall GF Score™ is 92/100 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 BYD Co (FRA:BY6), the current 3-Year ROIIC % is 4.17 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 BYD Co (FRA:BY6) Overvalued in 2026?
Based on GuruFocus' analysis, BYD Co stock appears to be undervalued.
The current stock price of €9.95 is trading 19.1% below its estimated GF Value™ of €12.29.
GuruFocus considers BYD Co to be Modestly Undervalued.
Key valuation signals for FRA:BY6:
3-Year ROIIC %: 4.17 (47% below median its 10-year median of 7.84)
GF Value™: €12.29 vs. price of €9.95 (19.1% below fair value)
Industry Position: 1% below the Vehicles & Parts median (#630 of 1254)
No single metric tells the full story. See the FRA:BY6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 4.6 million passenger NEVs in 2025, accounting for 30% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.
92GF Score
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