Subaru (FRA:FUH) 3-Year ROIIC % : -17.00% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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FRA:FUH Subaru Corp FRA:FUH
77 GF Score
Price €13.73
GF Value €17.17
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Subaru 3-Year ROIIC %?

Subaru FRA:FUH +2.35% 77 3-Year ROIIC % is -17.00 as of Mar. 2026. GuruFocus rates FRA:FUH with a GF Score™ of 77/100 and a GF Value™ of €17.17 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,252 Vehicles & Parts companies, Subaru ranks worse than 79.31% 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. Subaru's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -17.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Subaru's 3-Year ROIIC % or its related term are showing as below:

FRA:FUH's 3-Year ROIIC % is ranked worse than
79.31% of 1252 companies
in the Vehicles & Parts industry
Industry Median: 4.235 vs FRA:FUH: -17.00

Subaru  (FRA:FUH) 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.


Subaru 3-Year ROIIC % Related Terms


Subaru 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Subaru'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.

Subaru 3-Year ROIIC % Chart

Subaru Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -35.23 17.22 52.25 45.16 -17.00

Subaru Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.16 0.00 0.00 0.00 -17.00

FRA:FUH vs TSLA, GM, F: 3-Year ROIIC % Comparison

For the Auto Manufacturers subindustry, Subaru'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.


Subaru 3-Year ROIIC % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Subaru's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Subaru's 3-Year ROIIC % falls into.


FRA:FUH
77GF Score
Subaru Corp FRA:FUH
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Subaru 3-Year ROIIC % Calculation

Subaru'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**
=( 184.2319446 (Mar. 2026) - 1336.0608288 (Mar. 2023) )/( 16885.3 (Mar. 2026) - 15173.762 (Mar. 2023) )
=-1151.8288842/1711.538
=-67.30%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -17.00 mean?
Subaru (FRA:FUH) has a 3-Year ROIIC % of -17.00 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 Subaru and its competitors. According to the industry distribution chart, Subaru ranks #993 out of 1252 companies in the Vehicles & Parts industry, placing it in the top 79.3%.
Is Subaru's 3-Year ROIIC % too high?
Subaru's current 3-Year ROIIC % is -17.00. Based on the distribution chart, Subaru ranks #993 out of 1252 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Subaru has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Subaru's 3-Year ROIIC % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Subaru ranks #993 out of 1252 companies for 3-Year ROIIC %. This places Subaru in the lower half of its industry. The industry median 3-Year ROIIC % is 4.24. 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 4.24, based on 1,252 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 Subaru and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Subaru's current 3-Year ROIIC % is -17.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subaru stock overvalued right now?
Based on GuruFocus' analysis, Subaru (FRA:FUH) is currently considered Modestly Undervalued. The stock's GF Value™ is €17.17, compared to a current price of €13.73 — trading 20% below its estimated fair value. The current 3-Year ROIIC % is -17.00. Subaru's overall GF Score™ is 77/100 with 8 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 Subaru (FRA:FUH), the current 3-Year ROIIC % is -17.00 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 Subaru (FRA:FUH) Overvalued in 2026?

Based on GuruFocus' analysis, Subaru stock appears to be undervalued. The current stock price of €13.73 is trading 20% below its estimated GF Value™ of €17.17. GuruFocus considers Subaru to be Modestly Undervalued.

Key valuation signals for FRA:FUH:

  • 3-Year ROIIC %: -17.00
  • GF Value™: €17.17 vs. price of €13.73 (20% below fair value)
  • GF Score™: 77/100 with 8 warning signs

No single metric tells the full story. See the FRA:FUH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Subaru Business Description

Address 1-20-8 Ebisu, Ebisu Subaru Building, Shibuya-ku, Tokyo, JPN, 150-8554
Subaru Corp is a Japan-based company engaged in the automobile manufacturing business. The company operates through three segments: Automobile Business Unit, Aerospace, and Other Businesses. The Aerospace segment manufactures, sells, and repairs aircraft, space-related equipment, and parts. The Automobile segment manufactures, sells, and repairs automobiles and their parts, while also engaging in joint development of sports cars and electric vehicles with Toyota Motor Corporation, and receiving OEM supply of mini and compact cars from Daihatsu Motor. The Others segment is engaged in real estate leasing. It generates the majority of its revenue from the Automobile segment.
77GF Score

Get the complete analysis for FRA:FUH

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.73
Price
€17.17
GF Value