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.
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.
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.
South Ocean Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -10.19%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for South Ocean Holdings's 3-Year ROIIC % or its related term are showing as below:
JSE:SOH's 3-Year ROIIC % is ranked worse than 70.85% of 2937
companies
in the Industrial Products industry
Industry Median: 3.5
vs JSE:SOH: -10.19
South Ocean Holdings (JSE:SOH) 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.
South Ocean Holdings 3-Year ROIIC % Related Terms
South Ocean Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for South Ocean Holdings'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.
JSE:SOH vs VRT, BE, HUBB: 3-Year ROIIC % Comparison
For the Electrical Equipment & Parts subindustry, South Ocean Holdings'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.
South Ocean Holdings 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, South Ocean Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where South Ocean Holdings'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.
South Ocean Holdings (JSE:SOH) has a 3-Year ROIIC % of -10.19 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 South Ocean Holdings and its competitors. According to the industry distribution chart, South Ocean Holdings ranks #2081 out of 2937 companies in the Industrial Products industry, placing it in the top 70.9%.
Is South Ocean Holdings' 3-Year ROIIC % too high?
South Ocean Holdings' current 3-Year ROIIC % is -10.19. Based on the distribution chart, South Ocean Holdings ranks #2081 out of 2937 companies in the Industrial Products industry, which is below the industry midpoint. Overall, South Ocean Holdings has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does South Ocean Holdings' 3-Year ROIIC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, South Ocean Holdings ranks #2081 out of 2937 companies for 3-Year ROIIC %. This places South Ocean Holdings in the lower half of its industry. The industry median 3-Year ROIIC % is 3.50. 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 3.50, based on 2,937 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 South Ocean Holdings and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Ocean Holdings's current 3-Year ROIIC % is -10.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Ocean Holdings stock overvalued right now?
Based on GuruFocus' analysis, South Ocean Holdings (JSE:SOH) is currently considered Possible Value Trap. The stock's GF Value™ is R1.61, compared to a current price of R1.00 — trading 37.9% below its estimated fair value. The current 3-Year ROIIC % is -10.19. South Ocean Holdings' overall GF Score™ is 50/100 with 11 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 South Ocean Holdings (JSE:SOH), the current 3-Year ROIIC % is -10.19 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 South Ocean Holdings (JSE:SOH) Overvalued in 2026?
Based on GuruFocus' analysis, South Ocean Holdings stock appears to be undervalued.
The current stock price of R1.00 is trading 37.9% below its estimated GF Value™ of R1.61.
GuruFocus considers South Ocean Holdings to be Possible Value Trap.
Key valuation signals for JSE:SOH:
3-Year ROIIC %: -10.19
GF Value™: R1.61 vs. price of R1.00 (37.9% below fair value)
No single metric tells the full story. See the JSE:SOH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South Ocean Holdings Ltd is an investment holding company. The Company through its subsidiaries manufactures electrical wires, imports and distributes electrical accessories, general-purpose insulated wire, a range of flexible conductors, steel wire armored cables, flat-twin and earth cables, aluminum conductor steel reinforced (ACSR) cables, aerial bundle conductors (ABC) and surface wire investment company and light fittings assembly. The operating segments of the company include Electrical cable manufacturing; and Property investments. The company earns maximum revenue from Electrical cable manufacturing segment which consists manufacturing and distribution of electric wire. The group operates in South Africa.
50GF Score
Get the complete analysis for JSE:SOH
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:SOH has been successfully added to your 
