LY (FRA:YOJ) 3-Year ROIIC % : 6.30% (As of Mar. 2026) — 916% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:YOJ LY Corp FRA:YOJ
84 GF Score
Price €2.64
GF Value €2.78
! 8 Warning Signs
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What is LY 3-Year ROIIC %?

LY FRA:YOJ +0.76% 84 3-Year ROIIC % is 6.30 as of Mar. 2026, which is 916% above its 10-year median of 0.62. GuruFocus rates FRA:YOJ with a GF Score™ of 84/100 and a GF Value™ of €2.78. The stock has 8 warning signs investors should review. Among 1,062 Retail - Cyclical companies, LY ranks better than 53.3% 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. LY's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 6.30%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for LY's 3-Year ROIIC % or its related term are showing as below:

FRA:YOJ's 3-Year ROIIC % is ranked better than
53.3% of 1062 companies
in the Retail - Cyclical industry
Industry Median: 4.015 vs FRA:YOJ: 6.30

LY  (FRA:YOJ) 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.


LY 3-Year ROIIC % Related Terms


LY 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for LY'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.

LY 3-Year ROIIC % Chart

LY Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.80 5.10 13.98 6.30

LY Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 6.30 0.00

FRA:YOJ vs AMZN, BABA, PDD: 3-Year ROIIC % Comparison

For the Internet Retail subindustry, LY'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.


LY 3-Year ROIIC % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, LY's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where LY's 3-Year ROIIC % falls into.


FRA:YOJ
84GF Score
LY Corp FRA:YOJ
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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LY 3-Year ROIIC % Calculation

LY's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 1496.6215938 (Mar. 2026) - 895.5474696 (Mar. 2023) )/( 42930.477 (Mar. 2026) - 38805.668 (Mar. 2023) )
=601.0741242/4124.809
=14.57%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 6.30 mean?
LY (FRA:YOJ) has a 3-Year ROIIC % of 6.30 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 LY and its competitors. This is 916% above median its historical median of 0.62. According to the industry distribution chart, LY ranks #496 out of 1062 companies in the Retail - Cyclical industry, placing it in the top 46.7%.
Is LY's 3-Year ROIIC % too high?
LY's current 3-Year ROIIC % of 6.30 is 916% above median its 10-year median of 0.62. The Retail - Cyclical industry median 3-Year ROIIC % is 4.02. LY's value of 6.30 is 56.9% above this industry median. Based on the distribution chart, LY ranks #496 out of 1062 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, LY has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does LY's 3-Year ROIIC % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, LY ranks #496 out of 1062 companies for 3-Year ROIIC %. This puts LY in the upper half of its industry. The industry median 3-Year ROIIC % is 4.02. LY's value of 6.30 is 56.9% above this benchmark. While the company's 10-year median is 0.62 vs. the industry median of 4.02, LY 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 4.02, based on 1,062 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. LY's current 3-Year ROIIC % of 6.30 is 56.9% 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 LY and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LY's current 3-Year ROIIC % is 6.30, which is 916% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LY stock overvalued right now?
LY (FRA:YOJ) has a current 3-Year ROIIC % of 6.30. The stock's GF Value™ is €2.78, compared to a current price of €2.64 — trading 5% below its estimated fair value. The current 3-Year ROIIC % is 6.30, which is 916% above median its 10-year median of 0.62 and 56.9% above the Retail - Cyclical industry median of 4.02. LY's overall GF Score™ is 84/100 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 LY (FRA:YOJ), the current 3-Year ROIIC % is 6.30 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 LY (FRA:YOJ) Overvalued in 2026?

Based on GuruFocus' analysis, LY stock appears to be undervalued. The current stock price of €2.64 is trading 5% below its estimated GF Value™ of €2.78.

Key valuation signals for FRA:YOJ:

  • 3-Year ROIIC %: 6.30 (916% above median its 10-year median of 0.62)
  • GF Value™: €2.78 vs. price of €2.64 (5% below fair value)
  • GF Score™: 84/100 with 8 warning signs
  • Industry Position: 56.9% above the Retail - Cyclical median (#496 of 1062)

No single metric tells the full story. See the FRA:YOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LY Business Description

Address Tokyo Kioicho Kioi Tower, 1-3 Kioicho Chiyoda Ward, Tokyo Garden Terrace, Tokyo, JPN, 102 - 8282
LY is a leading Japanese internet services conglomerate. Its main services are Yahoo Japan, the oldest portal site in Japan that offers a wide variety of services, such as news, e-commerce, financial information, and Line, a national messenger application. In 2019, the company acquired Zozo, a leading online apparel retailer, to grow its e-commerce business. In 2022, LY consolidated with its wholly owned subsidiary PayPay, the most popular QR code payment service in Japan.
84GF Score

Get the complete analysis for FRA:YOJ

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.64
Price
€2.78
GF Value