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CombinedX ABFRA:K13 +1.06%85 3-Year ROIIC % is 2.00 as of Dec. 2025, which is 84% below its 10-year median of 12.82. GuruFocus rates FRA:K13 with a GF Score™ of 85/100 and a GF Value™ of €3.32. The stock has 4 warning signs investors should review. Among 2,624 Software companies, CombinedX AB ranks worse than 55.95% 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.
CombinedX AB's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 2.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for CombinedX AB's 3-Year ROIIC % or its related term are showing as below:
FRA:K13's 3-Year ROIIC % is ranked worse than 55.95% of 2624
companies
in the Software industry
Industry Median: 5.345
vs FRA:K13: 2.00
CombinedX AB (FRA:K13) 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.
CombinedX AB 3-Year ROIIC % Related Terms
CombinedX AB 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for CombinedX AB'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:K13 vs IBM, ACN, FISV: 3-Year ROIIC % Comparison
For the Information Technology Services subindustry, CombinedX AB'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.
CombinedX AB 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, CombinedX AB's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where CombinedX AB's 3-Year ROIIC % falls into.
CombinedX AB's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 4.240015 (Dec. 2025) - 3.5258648 (Dec. 2022) )
/
( 74.974 (Dec. 2025) - 40.623 (Dec. 2022) )
=
0.7141502
/
34.351
=
2.08%***
* 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.
CombinedX AB (FRA:K13) has a 3-Year ROIIC % of 2.00 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 CombinedX AB and its competitors. This is 84% below median its historical median of 12.82. According to the industry distribution chart, CombinedX AB ranks #1468 out of 2624 companies in the Software industry, placing it in the top 55.9%.
Is CombinedX AB's 3-Year ROIIC % too high?
CombinedX AB's current 3-Year ROIIC % of 2.00 is 84% below median its 10-year median of 12.82. The Software industry median 3-Year ROIIC % is 5.35. CombinedX AB's value of 2.00 is 62.6% below this industry median. Based on the distribution chart, CombinedX AB ranks #1468 out of 2624 companies in the Software industry, which is below the industry midpoint. Overall, CombinedX AB has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does CombinedX AB's 3-Year ROIIC % compare to IBM and ACN?
According to the Software industry distribution chart, CombinedX AB ranks #1468 out of 2624 companies for 3-Year ROIIC %. This places CombinedX AB in the lower half of its industry. The industry median 3-Year ROIIC % is 5.35. CombinedX AB's value of 2.00 is 62.6% below this benchmark. While the company's 10-year median is 12.82 vs. the industry median of 5.35, CombinedX AB 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 Software company?
The median 3-Year ROIIC % among Software companies is 5.35, based on 2,624 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. CombinedX AB's current 3-Year ROIIC % of 2.00 is 62.6% 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 CombinedX AB and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CombinedX AB's current 3-Year ROIIC % is 2.00, which is 84% below median its own 10-year median of 12.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CombinedX AB stock overvalued right now?
CombinedX AB (FRA:K13) has a current 3-Year ROIIC % of 2.00. The stock's GF Value™ is €3.32, compared to a current price of €2.87 — trading 13.6% below its estimated fair value. The current 3-Year ROIIC % is 2.00, which is 84% below median its 10-year median of 12.82 and 62.6% below the Software industry median of 5.35. CombinedX AB's overall GF Score™ is 85/100 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 CombinedX AB (FRA:K13), the current 3-Year ROIIC % is 2.00 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 CombinedX AB (FRA:K13) Overvalued in 2026?
Based on GuruFocus' analysis, CombinedX AB stock appears to be undervalued.
The current stock price of €2.87 is trading 13.6% below its estimated GF Value™ of €3.32.
Key valuation signals for FRA:K13:
3-Year ROIIC %: 2.00 (84% below median its 10-year median of 12.82)
GF Value™: €3.32 vs. price of €2.87 (13.6% below fair value)
Industry Position: 62.6% below the Software median (#1468 of 2624)
No single metric tells the full story. See the FRA:K13 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CombinedX AB is a family of knowledge companies that help companies and organizations to take advantage of the opportunities of digitalisation. It delivers services through eight wholly-owned specialist companies, each with market-leading technology and business expertise in its niche.
85GF Score
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