MTRFRA:MRI -2.27%81 3-Year ROIIC % is 14.13 as of Dec. 2025, which is 408% above its 10-year median of 2.78. GuruFocus rates FRA:MRI with a GF Score™ of 81/100 and a GF Value™ of €2.86 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 937 Transportation companies, MTR ranks better than 72.57% 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.
MTR's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 14.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for MTR's 3-Year ROIIC % or its related term are showing as below:
FRA:MRI's 3-Year ROIIC % is ranked better than 72.57% of 937
companies
in the Transportation industry
Industry Median: 2.04
vs FRA:MRI: 14.13
MTR (FRA:MRI) 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.
MTR 3-Year ROIIC % Related Terms
MTR 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for MTR'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:MRI vs UNP, CSX, NSC: 3-Year ROIIC % Comparison
For the Railroads subindustry, MTR'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.
MTR 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, MTR's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where MTR'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.
MTR (FRA:MRI) has a 3-Year ROIIC % of 14.13 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 MTR and its competitors. This is 408% above median its historical median of 2.78. According to the industry distribution chart, MTR ranks #257 out of 937 companies in the Transportation industry, placing it in the top 27.4%.
Is MTR's 3-Year ROIIC % too high?
MTR's current 3-Year ROIIC % of 14.13 is 408% above median its 10-year median of 2.78. The Transportation industry median 3-Year ROIIC % is 2.04. MTR's value of 14.13 is 592.6% above this industry median. Based on the distribution chart, MTR ranks #257 out of 937 companies in the Transportation industry, which is above the industry midpoint. Overall, MTR has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTR's 3-Year ROIIC % compare to UNP and CSX?
According to the Transportation industry distribution chart, MTR ranks #257 out of 937 companies for 3-Year ROIIC %. This puts MTR in the upper half of its industry. The industry median 3-Year ROIIC % is 2.04. MTR's value of 14.13 is 592.6% above this benchmark. While the company's 10-year median is 2.78 vs. the industry median of 2.04, MTR 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 a Transportation company?
The median 3-Year ROIIC % among Transportation companies is 2.04, based on 937 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. MTR's current 3-Year ROIIC % of 14.13 is 592.6% 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 MTR and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTR's current 3-Year ROIIC % is 14.13, which is 408% above median its own 10-year median of 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTR stock overvalued right now?
Based on GuruFocus' analysis, MTR (FRA:MRI) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.86, compared to a current price of €3.44 — trading 20.3% above its estimated fair value. The current 3-Year ROIIC % is 14.13, which is 408% above median its 10-year median of 2.78 and 592.6% above the Transportation industry median of 2.04. MTR's overall GF Score™ is 81/100 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 MTR (FRA:MRI), the current 3-Year ROIIC % is 14.13 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 MTR (FRA:MRI) Overvalued in 2026?
Based on GuruFocus' analysis, MTR stock appears to be overvalued.
The current stock price of €3.44 is trading 20.3% above its estimated GF Value™ of €2.86.
GuruFocus considers MTR to be Modestly Overvalued.
Key valuation signals for FRA:MRI:
3-Year ROIIC %: 14.13 (408% above median its 10-year median of 2.78)
GF Value™: €2.86 vs. price of €3.44 (20.3% above fair value)
Industry Position: 592.6% above the Transportation median (#257 of 937)
No single metric tells the full story. See the FRA:MRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTR constructs and operates Hong Kong's rail network, giving it a monopoly position. In addition to rail operation, the company makes recurring income from commercial business in the stations. This includes rental of retail kiosks and advertisement in the stations and investment properties in shopping malls above stations. Residential real estate development forms part of MTR's return for the rail operation. In a normalized environment, average operating profit is approximately 20% in rail operation, 60% in station commercial and property leasing business, and 20% in property development. The Hong Kong government owns 75% of MTR.
81GF Score
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