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Aygaz ASIST:AYGAZ +4.81%52 3-Year ROIIC % is 3.71 as of Dec. 2025, which is 0% below its 10-year median of 3.72. GuruFocus rates IST:AYGAZ with a GF Score™ of 52/100 and a GF Value™ of ₺152.64 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 477 Utilities - Regulated companies, Aygaz AS ranks worse than 50.52% 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.
Aygaz AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.71%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Aygaz AS's 3-Year ROIIC % or its related term are showing as below:
IST:AYGAZ's 3-Year ROIIC % is ranked worse than 50.52% of 477
companies
in the Utilities - Regulated industry
Industry Median: 3.88
vs IST:AYGAZ: 3.71
Aygaz AS (IST:AYGAZ) 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.
Aygaz AS 3-Year ROIIC % Related Terms
Aygaz AS 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Aygaz AS'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.
IST:AYGAZ vs ATO, NI, UGI: 3-Year ROIIC % Comparison
For the Utilities - Regulated Gas subindustry, Aygaz AS'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.
Aygaz AS 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Aygaz AS's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Aygaz AS'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.
Aygaz AS (IST:AYGAZ) has a 3-Year ROIIC % of 3.71 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 Aygaz AS and its competitors. This is near median its historical median of 3.72. According to the industry distribution chart, Aygaz AS ranks #241 out of 477 companies in the Utilities - Regulated industry, placing it in the top 50.5%.
Is Aygaz AS's 3-Year ROIIC % too high?
Aygaz AS's current 3-Year ROIIC % of 3.71 is near median its 10-year median of 3.72. The Utilities - Regulated industry median 3-Year ROIIC % is 3.88. Aygaz AS's value of 3.71 is 4.4% below this industry median. Based on the distribution chart, Aygaz AS ranks #241 out of 477 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Aygaz AS has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aygaz AS's 3-Year ROIIC % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Aygaz AS ranks #241 out of 477 companies for 3-Year ROIIC %. This places Aygaz AS in the lower half of its industry. The industry median 3-Year ROIIC % is 3.88. Aygaz AS's value of 3.71 is 4.4% below this benchmark. While the company's 10-year median is 3.72 vs. the industry median of 3.88, Aygaz AS has consistently been below 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 an Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 3.88, based on 477 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. Aygaz AS's current 3-Year ROIIC % of 3.71 is 4.4% below 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 Aygaz AS and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aygaz AS's current 3-Year ROIIC % is 3.71, which is near median its own 10-year median of 3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aygaz AS stock overvalued right now?
Based on GuruFocus' analysis, Aygaz AS (IST:AYGAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺152.64, compared to a current price of ₺267.00 — trading 74.9% above its estimated fair value. The current 3-Year ROIIC % is 3.71, which is near median its 10-year median of 3.72 and 4.4% below the Utilities - Regulated industry median of 3.88. Aygaz AS's overall GF Score™ is 52/100 with 9 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 Aygaz AS (IST:AYGAZ), the current 3-Year ROIIC % is 3.71 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 Aygaz AS (IST:AYGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Aygaz AS stock appears to be overvalued.
The current stock price of ₺267.00 is trading 74.9% above its estimated GF Value™ of ₺152.64.
GuruFocus considers Aygaz AS to be Significantly Overvalued.
Key valuation signals for IST:AYGAZ:
3-Year ROIIC %: 3.71 (near median its 10-year median of 3.72)
GF Value™: ₺152.64 vs. price of ₺267.00 (74.9% above fair value)
Industry Position: 4.4% below the Utilities - Regulated median (#241 of 477)
No single metric tells the full story. See the IST:AYGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.
52GF Score
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