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Natural Health TrendsFRA:NAH 48 3-Year ROIIC % is 42.48 as of Dec. 2025, which is 54% below its 10-year median of 91.81. GuruFocus rates FRA:NAH with a GF Score™ of 48/100 and a GF Value™ of €3.64 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Natural Health Trends ranks better than 84.72% 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.
Natural Health Trends's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 42.48%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Natural Health Trends's 3-Year ROIIC % or its related term are showing as below:
FRA:NAH's 3-Year ROIIC % is ranked better than 84.72% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 4.385
vs FRA:NAH: 42.48
Natural Health Trends (FRA:NAH) 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.
Natural Health Trends 3-Year ROIIC % Related Terms
Natural Health Trends 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Natural Health Trends'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:NAH vs MOGU, KPEA, UZX: 3-Year ROIIC % Comparison
For the Internet Retail subindustry, Natural Health Trends'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.
Natural Health Trends 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Natural Health Trends's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Natural Health Trends's 3-Year ROIIC % falls into.
Natural Health Trends'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**
=
( -1.544 (Dec. 2025) - -0.132447 (Dec. 2022) )
/
( 12.536 (Dec. 2025) - 17.563 (Dec. 2022) )
=
-1.411553
/
-5.027
=
28.08%***
* 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.
Natural Health Trends (FRA:NAH) has a 3-Year ROIIC % of 42.48 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 Natural Health Trends and its competitors. This is 54% below median its historical median of 91.81. According to the industry distribution chart, Natural Health Trends ranks #162 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 15.3%.
Is Natural Health Trends' 3-Year ROIIC % too high?
Natural Health Trends' current 3-Year ROIIC % of 42.48 is 54% below median its 10-year median of 91.81. The Retail - Cyclical industry median 3-Year ROIIC % is 4.39. Natural Health Trends' value of 42.48 is 868.8% above this industry median. Based on the distribution chart, Natural Health Trends ranks #162 out of 1060 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Natural Health Trends has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natural Health Trends' 3-Year ROIIC % compare to MOGU and KPEA?
According to the Retail - Cyclical industry distribution chart, Natural Health Trends ranks #162 out of 1060 companies for 3-Year ROIIC %. This places Natural Health Trends in the top 15% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.39. Natural Health Trends' value of 42.48 is 868.8% above this benchmark. While the company's 10-year median is 91.81 vs. the industry median of 4.39, Natural Health Trends 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.39, based on 1,060 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. Natural Health Trends's current 3-Year ROIIC % of 42.48 is 868.8% 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 Natural Health Trends and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Health Trends's current 3-Year ROIIC % is 42.48, which is 54% below median its own 10-year median of 91.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Health Trends stock overvalued right now?
Based on GuruFocus' analysis, Natural Health Trends (FRA:NAH) is currently considered Possible Value Trap. The stock's GF Value™ is €3.64, compared to a current price of €1.54 — trading 57.7% below its estimated fair value. The current 3-Year ROIIC % is 42.48, which is 54% below median its 10-year median of 91.81 and 868.8% above the Retail - Cyclical industry median of 4.39. Natural Health Trends' overall GF Score™ is 48/100 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 Natural Health Trends (FRA:NAH), the current 3-Year ROIIC % is 42.48 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 Natural Health Trends (FRA:NAH) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Health Trends stock appears to be undervalued.
The current stock price of €1.54 is trading 57.7% below its estimated GF Value™ of €3.64.
GuruFocus considers Natural Health Trends to be Possible Value Trap.
Key valuation signals for FRA:NAH:
3-Year ROIIC %: 42.48 (54% below median its 10-year median of 91.81)
GF Value™: €3.64 vs. price of €1.54 (57.7% below fair value)
Industry Position: 868.8% above the Retail - Cyclical median (#162 of 1060)
No single metric tells the full story. See the FRA:NAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Health Trends Corp is an international direct-selling and e-commerce company. It offers a line of products such as Wellness, Herbal, Beauty, Lifestyle, and Home. Wellness products include targeted nutrition for joint health, antioxidant support, digestive health, heart health, and vision health. Herbal products include anti-aging and hydrating cleansers, creams, lotions, serums, and toners. Lifestyle products improve the overall quality of life and support active, physical, and healthy lifestyles. Home products are designed to create a clean and natural living environment for the home. It generates a majority of its revenue from Hong Kong and the rest from China, Taiwan, Japan, the United States, and other regions.
48GF Score
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