Warsaw Stock ExchangeFRA:WSX +2.87%80 3-Year ROIIC % is 25.41 as of Dec. 2025, which is 135% above its 10-year median of 10.82. GuruFocus rates FRA:WSX with a GF Score™ of 80/100 and a GF Value™ of €12.71 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 658 Capital Markets companies, Warsaw Stock Exchange ranks better than 79.03% 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.
Warsaw Stock Exchange's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 25.41%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Warsaw Stock Exchange's 3-Year ROIIC % or its related term are showing as below:
FRA:WSX's 3-Year ROIIC % is ranked better than 79.03% of 658
companies
in the Capital Markets industry
Industry Median: 2.78
vs FRA:WSX: 25.41
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.
Warsaw Stock Exchange 3-Year ROIIC % Related Terms
Warsaw Stock Exchange 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Warsaw Stock Exchange'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:WSX vs SPGI, CME, MCO: 3-Year ROIIC % Comparison
For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.
Warsaw Stock Exchange 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Warsaw Stock Exchange'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.
Warsaw Stock Exchange (FRA:WSX) has a 3-Year ROIIC % of 25.41 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 Warsaw Stock Exchange and its competitors. This is 135% above median its historical median of 10.82. According to the industry distribution chart, Warsaw Stock Exchange ranks #138 out of 658 companies in the Capital Markets industry, placing it in the top 21%.
Is Warsaw Stock Exchange's 3-Year ROIIC % too high?
Warsaw Stock Exchange's current 3-Year ROIIC % of 25.41 is 135% above median its 10-year median of 10.82. The Capital Markets industry median 3-Year ROIIC % is 2.78. Warsaw Stock Exchange's value of 25.41 is 814% above this industry median. Based on the distribution chart, Warsaw Stock Exchange ranks #138 out of 658 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Warsaw Stock Exchange has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warsaw Stock Exchange's 3-Year ROIIC % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Warsaw Stock Exchange ranks #138 out of 658 companies for 3-Year ROIIC %. This places Warsaw Stock Exchange in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.78. Warsaw Stock Exchange's value of 25.41 is 814% above this benchmark. While the company's 10-year median is 10.82 vs. the industry median of 2.78, Warsaw Stock Exchange 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.78, based on 658 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. Warsaw Stock Exchange's current 3-Year ROIIC % of 25.41 is 814% 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 Warsaw Stock Exchange and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warsaw Stock Exchange's current 3-Year ROIIC % is 25.41, which is 135% above median its own 10-year median of 10.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warsaw Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Warsaw Stock Exchange (FRA:WSX) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.71, compared to a current price of €22.92 — trading 80.3% above its estimated fair value. The current 3-Year ROIIC % is 25.41, which is 135% above median its 10-year median of 10.82 and 814% above the Capital Markets industry median of 2.78. Warsaw Stock Exchange's overall GF Score™ is 80/100 with 8 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 Warsaw Stock Exchange (FRA:WSX), the current 3-Year ROIIC % is 25.41 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 Warsaw Stock Exchange (FRA:WSX) Overvalued in 2026?
Based on GuruFocus' analysis, Warsaw Stock Exchange stock appears to be overvalued.
The current stock price of €22.92 is trading 80.3% above its estimated GF Value™ of €12.71.
GuruFocus considers Warsaw Stock Exchange to be Significantly Overvalued.
Key valuation signals for FRA:WSX:
3-Year ROIIC %: 25.41 (135% above median its 10-year median of 10.82)
GF Value™: €12.71 vs. price of €22.92 (80.3% above fair value)
Industry Position: 814% above the Capital Markets median (#138 of 658)
No single metric tells the full story. See the FRA:WSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.
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