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.
OSRAM Licht AG's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -1.66%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for OSRAM Licht AG's 3-Year ROIIC % or its related term are showing as below:
HAM:OSR's 3-Year ROIIC % is ranked worse than 59.06% of 2936
companies
in the Industrial Products industry
Industry Median: 3.425
vs HAM:OSR: -1.66
OSRAM Licht AG (HAM:OSR) 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.
OSRAM Licht AG 3-Year ROIIC % Related Terms
OSRAM Licht AG 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for OSRAM Licht 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.
HAM:OSR vs VRT, BE, HUBB: 3-Year ROIIC % Comparison
For the Electrical Equipment & Parts subindustry, OSRAM Licht 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.
OSRAM Licht AG 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, OSRAM Licht AG's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where OSRAM Licht AG's 3-Year ROIIC % falls into.
OSRAM Licht AG'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**
=
( 70 (Dec. 2025) - 30 (Dec. 2022) )
/
( 5274 (Dec. 2025) - 7689 (Dec. 2022) )
=
40
/
-2415
=
-1.66%***
* 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.
OSRAM Licht AG (HAM:OSR) has a 3-Year ROIIC % of -1.66 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 OSRAM Licht AG and its competitors. According to the industry distribution chart, OSRAM Licht AG ranks #1734 out of 2936 companies in the Industrial Products industry, placing it in the top 59.1%.
Is OSRAM Licht AG's 3-Year ROIIC % too high?
OSRAM Licht AG's current 3-Year ROIIC % is -1.66. Based on the distribution chart, OSRAM Licht AG ranks #1734 out of 2936 companies in the Industrial Products industry, which is below the industry midpoint. Overall, OSRAM Licht AG has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does OSRAM Licht AG's 3-Year ROIIC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, OSRAM Licht AG ranks #1734 out of 2936 companies for 3-Year ROIIC %. This places OSRAM Licht AG in the lower half of its industry. The industry median 3-Year ROIIC % is 3.43. 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 an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.43, based on 2,936 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. 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 OSRAM Licht AG and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OSRAM Licht AG's current 3-Year ROIIC % is -1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OSRAM Licht AG stock overvalued right now?
Based on GuruFocus' analysis, OSRAM Licht AG (HAM:OSR) is currently considered Possible Value Trap. The stock's GF Value™ is €97.98, compared to a current price of €53.40 — trading 45.5% below its estimated fair value. The current 3-Year ROIIC % is -1.66. OSRAM Licht AG's overall GF Score™ is 61/100 with 3 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 OSRAM Licht AG (HAM:OSR), the current 3-Year ROIIC % is -1.66 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 OSRAM Licht AG (HAM:OSR) Overvalued in 2026?
Based on GuruFocus' analysis, OSRAM Licht AG stock appears to be undervalued.
The current stock price of €53.40 is trading 45.5% below its estimated GF Value™ of €97.98.
GuruFocus considers OSRAM Licht AG to be Possible Value Trap.
Key valuation signals for HAM:OSR:
3-Year ROIIC %: -1.66
GF Value™: €97.98 vs. price of €53.40 (45.5% below fair value)
No single metric tells the full story. See the HAM:OSR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OSRAM Licht AG is a provider of lighting and sensor technology solutions. The company's products include LED's, Drivers, Lasers, Photodetectors, multi-chips, Sensor solutions, Interfaces, Full-service foundry, ASICs and customized solutions, Lamps, and Boards, kits & accessories. Its segments include Opto Semiconductors (OS), CMOS Sensors & ASICs (CSA), and the Lamps & Systems (L&S) segments. The Opto Semiconductors and CMOS Sensors & ASICs segments cover semiconductor-based products and solutions (including LEDs) for customers in the automotive, consumer, industrial, and medical technology end markets. The Lamps & Systems segment includes lamps and lighting systems; it focuses on the automotive and industrial end markets.
61GF Score
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