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.
voestalpine AG's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 184.40%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for voestalpine AG's 3-Year ROIIC % or its related term are showing as below:
FRA:VASS's 3-Year ROIIC % is ranked better than 94.72% of 606
companies
in the Steel industry
Industry Median: -0.22
vs FRA:VASS: 184.40
voestalpine AG (FRA:VASS) 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.
voestalpine AG 3-Year ROIIC % Related Terms
voestalpine AG 3-Year ROIIC % Historical Data
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The historical data trend for voestalpine AG'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:VASS vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, voestalpine AG'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.
voestalpine AG 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, voestalpine AG's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where voestalpine AG'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.
voestalpine AG (FRA:VASS) has a 3-Year ROIIC % of 184.40 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on voestalpine AG and its competitors. According to the industry distribution chart, voestalpine AG ranks #32 out of 606 companies in the Steel industry, placing it in the top 5.3%.
Is voestalpine AG's 3-Year ROIIC % too high?
voestalpine AG's current 3-Year ROIIC % is 184.40. Based on the distribution chart, voestalpine AG ranks #32 out of 606 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, voestalpine AG has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does voestalpine AG's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, voestalpine AG ranks #32 out of 606 companies for 3-Year ROIIC %. This places voestalpine AG in the top 5% of its industry — outperforming the majority of peers. 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 Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. 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 voestalpine AG and its competitors. voestalpine AG's current 3-Year ROIIC % is 184.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is voestalpine AG stock overvalued right now?
Based on GuruFocus' analysis, voestalpine AG (FRA:VASS) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.65, compared to a current price of €8.50 — trading 82.8% above its estimated fair value. The current 3-Year ROIIC % is 184.40. voestalpine AG's overall GF Score™ is 58/100 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 voestalpine AG (FRA:VASS), the current 3-Year ROIIC % is 184.40 as of Mar. 2026. 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 voestalpine AG (FRA:VASS) Overvalued in 2026?
Based on GuruFocus' analysis, voestalpine AG stock appears to be overvalued.
The current stock price of €8.50 is trading 82.8% above its estimated GF Value™ of €4.65.
GuruFocus considers voestalpine AG to be Significantly Overvalued.
Key valuation signals for FRA:VASS:
3-Year ROIIC %: 184.40
GF Value™: €4.65 vs. price of €8.50 (82.8% above fair value)
No single metric tells the full story. See the FRA:VASS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
voestalpine AG is engaged in the manufacturing, processing, and development of steel products. Its divisions are: Steel Division, which generates maximum revenue and is involved in the production of steel products and the casting of large turbines. High-Performance Metals Division provides metals for the automotive, consumer goods, power generation, energy, and aviation sectors. The Metal Engineering Division produces rails, turnout systems, track-based monitoring systems, specially treated wire, and others. Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors, and Holding & Group Services. It generates its maximum revenue from the European Union.
58GF Score
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