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Nippon Aqua CoFRA:N3A +1.00%74 3-Year ROIIC % is 12.19 as of Dec. 2025, which is 17% below its 10-year median of 14.73. GuruFocus rates FRA:N3A with a GF Score™ of 74/100 and a GF Value™ of €5.66. Among 1,686 Construction companies, Nippon Aqua Co ranks better than 63.7% 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.
Nippon Aqua Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 12.19%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nippon Aqua Co's 3-Year ROIIC % or its related term are showing as below:
FRA:N3A's 3-Year ROIIC % is ranked better than 63.7% of 1686
companies
in the Construction industry
Industry Median: 4.63
vs FRA:N3A: 12.19
Nippon Aqua Co (FRA:N3A) 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.
Nippon Aqua Co 3-Year ROIIC % Related Terms
Nippon Aqua Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Nippon Aqua 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:N3A vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Nippon Aqua 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.
Nippon Aqua Co 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Nippon Aqua Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nippon Aqua 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.
Nippon Aqua Co (FRA:N3A) has a 3-Year ROIIC % of 12.19 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 Nippon Aqua Co and its competitors. This is 17% below median its historical median of 14.73. Over the past decade, Nippon Aqua Co's 3-Year ROIIC % has ranged from 4.92 to 47.56. According to the industry distribution chart, Nippon Aqua Co ranks #612 out of 1686 companies in the Construction industry, placing it in the top 36.3%.
Is Nippon Aqua Co's 3-Year ROIIC % too high?
Nippon Aqua Co's current 3-Year ROIIC % of 12.19 is 17% below median its 10-year median of 14.73. Over the past 10 years, this metric has ranged from a low of 4.92 to a high of 47.56. The Construction industry median 3-Year ROIIC % is 4.63. Nippon Aqua Co's value of 12.19 is 163.3% above this industry median. Based on the distribution chart, Nippon Aqua Co ranks #612 out of 1686 companies in the Construction industry, which is above the industry midpoint. Overall, Nippon Aqua Co has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Aqua Co's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Nippon Aqua Co ranks #612 out of 1686 companies for 3-Year ROIIC %. This puts Nippon Aqua Co in the upper half of its industry. The industry median 3-Year ROIIC % is 4.63. Nippon Aqua Co's value of 12.19 is 163.3% above this benchmark. Historically, Nippon Aqua Co's own 3-Year ROIIC % has ranged from 4.92 to 47.56 over the past decade. While the company's 10-year median is 14.73 vs. the industry median of 4.63, Nippon Aqua 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 a Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, based on 1,686 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. Nippon Aqua Co's current 3-Year ROIIC % of 12.19 is 163.3% 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 Nippon Aqua Co and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Aqua Co's current 3-Year ROIIC % is 12.19, which is 17% below median its own 10-year median of 14.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Aqua Co stock overvalued right now?
Nippon Aqua Co (FRA:N3A) has a current 3-Year ROIIC % of 12.19. The stock's GF Value™ is €5.66, compared to a current price of €4.04 — trading 28.6% below its estimated fair value. The current 3-Year ROIIC % is 12.19, which is 17% below median its 10-year median of 14.73 and 163.3% above the Construction industry median of 4.63. Nippon Aqua Co's overall GF Score™ is 74/100. 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 Nippon Aqua Co (FRA:N3A), the current 3-Year ROIIC % is 12.19 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 Nippon Aqua Co (FRA:N3A) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Aqua Co stock appears to be undervalued.
The current stock price of €4.04 is trading 28.6% below its estimated GF Value™ of €5.66.
Key valuation signals for FRA:N3A:
3-Year ROIIC %: 12.19 (17% below median its 10-year median of 14.73)
GF Value™: €5.66 vs. price of €4.04 (28.6% below fair value)
Industry Position: 163.3% above the Construction median (#612 of 1686)
No single metric tells the full story. See the FRA:N3A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Aqua Co Ltd is engaged in the development, sales, and installation of rigid polyurethane foam (Note) and waterproofing materials (polyurea). The company also provides a comprehensive service from the procurement, manufacturing, and sales of raw materials according to its specifications, to insulation design, sales of related materials such as heat-shielding materials, and on-site installation. Its business consists of a single business: thermal insulation construction and related services.
74GF Score
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