Fastenal CoFRA:FAS -0.51%98 3-Year ROIIC % is 44.66 as of Dec. 2025, which is 22% above its 10-year median of 36.67. GuruFocus rates FRA:FAS with a GF Score™ of 98/100 and a GF Value™ of €37.74 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 148 Industrial Distribution companies, Fastenal Co ranks better than 86.49% 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.
Fastenal Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 44.66%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Fastenal Co's 3-Year ROIIC % or its related term are showing as below:
FRA:FAS's 3-Year ROIIC % is ranked better than 86.49% of 148
companies
in the Industrial Distribution industry
Industry Median: 4.075
vs FRA:FAS: 44.66
Fastenal Co (FRA:FAS) 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.
Fastenal Co 3-Year ROIIC % Related Terms
Fastenal Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Fastenal 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.
FRA:FAS vs FERG, GWW, WCC: 3-Year ROIIC % Comparison
For the Industrial Distribution subindustry, Fastenal 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.
Fastenal Co 3-Year ROIIC % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Fastenal Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Fastenal 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.
Fastenal Co (FRA:FAS) has a 3-Year ROIIC % of 44.66 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 Fastenal Co and its competitors. This is 22% above median its historical median of 36.67. Over the past decade, Fastenal Co's 3-Year ROIIC % has ranged from 10.76 to 57.80. According to the industry distribution chart, Fastenal Co ranks #20 out of 148 companies in the Industrial Distribution industry, placing it in the top 13.5%.
Is Fastenal Co's 3-Year ROIIC % too high?
Fastenal Co's current 3-Year ROIIC % of 44.66 is 22% above median its 10-year median of 36.67. Over the past 10 years, this metric has ranged from a low of 10.76 to a high of 57.80. The Industrial Distribution industry median 3-Year ROIIC % is 4.08. Fastenal Co's value of 44.66 is 996% above this industry median. Based on the distribution chart, Fastenal Co ranks #20 out of 148 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Fastenal Co has a GF Score™ of 98/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fastenal Co's 3-Year ROIIC % compare to FERG and GWW?
According to the Industrial Distribution industry distribution chart, Fastenal Co ranks #20 out of 148 companies for 3-Year ROIIC %. This places Fastenal Co in the top 14% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.08. Fastenal Co's value of 44.66 is 996% above this benchmark. Historically, Fastenal Co's own 3-Year ROIIC % has ranged from 10.76 to 57.80 over the past decade. While the company's 10-year median is 36.67 vs. the industry median of 4.08, Fastenal Co 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 an Industrial Distribution company?
The median 3-Year ROIIC % among Industrial Distribution companies is 4.08, based on 148 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. Fastenal Co's current 3-Year ROIIC % of 44.66 is 996% 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 Fastenal Co and its competitors. For the Industrial Distribution industry, the median 3-Year ROIIC % is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fastenal Co's current 3-Year ROIIC % is 44.66, which is 22% above median its own 10-year median of 36.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fastenal Co stock overvalued right now?
Based on GuruFocus' analysis, Fastenal Co (FRA:FAS) is currently considered Modestly Overvalued. The stock's GF Value™ is €37.74, compared to a current price of €41.73 — trading 10.6% above its estimated fair value. The current 3-Year ROIIC % is 44.66, which is 22% above median its 10-year median of 36.67 and 996% above the Industrial Distribution industry median of 4.08. Fastenal Co's overall GF Score™ is 98/100 with 3 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 Fastenal Co (FRA:FAS), the current 3-Year ROIIC % is 44.66 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 Fastenal Co (FRA:FAS) Overvalued in 2026?
Based on GuruFocus' analysis, Fastenal Co stock appears to be overvalued.
The current stock price of €41.73 is trading 10.6% above its estimated GF Value™ of €37.74.
GuruFocus considers Fastenal Co to be Modestly Overvalued.
Key valuation signals for FRA:FAS:
3-Year ROIIC %: 44.66 (22% above median its 10-year median of 36.67)
GF Value™: €37.74 vs. price of €41.73 (10.6% above fair value)
Industry Position: 996% above the Industrial Distribution median (#20 of 148)
No single metric tells the full story. See the FRA:FAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fastenal began as an industrial retailer, expanding its product portfolio from nuts and bolts to cutting tools, safety equipment, and janitorial supplies. It transitioned into a distributor by building out a dense network of branches close to its business customers. Once a customer becomes large enough, Fastenal installs vending machines and its own personnel on-site. Today, these on-site locations exceed Fastenal's branch count and remain the firm's main focus for expansion. Fastenal acts as a one-stop outsourcing partner for its industrial customers, offering value-added services along with a wide breadth of maintenance, repair, and operations supplies.
98GF Score
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