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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.
Aviat Networks's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was -8.35%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Aviat Networks's 3-Year ROIIC % or its related term are showing as below:
FRA:HSD1's 3-Year ROIIC % is ranked worse than 64.85% of 2373
companies
in the Hardware industry
Industry Median: 2.33
vs FRA:HSD1: -8.35
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.
Aviat Networks 3-Year ROIIC % Related Terms
Aviat Networks 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Aviat Networks'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:HSD1 vs LTRX, SILC, BKTI: 3-Year ROIIC % Comparison
For the Communication Equipment subindustry, Aviat Networks'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.
Aviat Networks 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Aviat Networks's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Aviat Networks'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.
Aviat Networks (FRA:HSD1) has a 3-Year ROIIC % of -8.35 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Aviat Networks and its competitors. According to the industry distribution chart, Aviat Networks ranks #1539 out of 2373 companies in the Hardware industry, placing it in the top 64.9%.
Is Aviat Networks' 3-Year ROIIC % too high?
Aviat Networks' current 3-Year ROIIC % is -8.35. Based on the distribution chart, Aviat Networks ranks #1539 out of 2373 companies in the Hardware industry, which is below the industry midpoint. Overall, Aviat Networks has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aviat Networks' 3-Year ROIIC % compare to LTRX and SILC?
According to the Hardware industry distribution chart, Aviat Networks ranks #1539 out of 2373 companies for 3-Year ROIIC %. This places Aviat Networks in the lower half of its industry. The industry median 3-Year ROIIC % is 2.33. 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.33, based on 2,373 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 Aviat Networks and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aviat Networks's current 3-Year ROIIC % is -8.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aviat Networks stock overvalued right now?
Based on GuruFocus' analysis, Aviat Networks (FRA:HSD1) is currently considered Modestly Undervalued. The stock's GF Value™ is €20.68, compared to a current price of €17.70 — trading 14.4% below its estimated fair value. The current 3-Year ROIIC % is -8.35. Aviat Networks' overall GF Score™ is 76/100 with 6 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 Aviat Networks (FRA:HSD1), the current 3-Year ROIIC % is -8.35 as of Jun. 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 Aviat Networks (FRA:HSD1) Overvalued in 2026?
Based on GuruFocus' analysis, Aviat Networks stock appears to be undervalued.
The current stock price of €17.70 is trading 14.4% below its estimated GF Value™ of €20.68.
GuruFocus considers Aviat Networks to be Modestly Undervalued.
Key valuation signals for FRA:HSD1:
3-Year ROIIC %: -8.35
GF Value™: €20.68 vs. price of €17.70 (14.4% below fair value)
No single metric tells the full story. See the FRA:HSD1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aviat Networks Inc provides wireless transport and access networking solutions designed to support telecommunications operators and private network providers situated in various countries. The company offers a range of microwave and millimeter wave radios, network management tools, and services that enable high-capacity, secure, and reliable data transport over wireless networks. Its products serve diverse clients including mobile operators, public safety organizations, utilities, government agencies, and enterprise customers. Aviat generates revenue from the sale of its networking equipment, professional services, and ongoing support contracts. Its operations cover various regions including the Americas, Europe, Asia Pacific, the Middle East, and Africa.
76GF Score
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