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Kernel HoldingKARNF 66 3-Year ROIIC % is 11.58 as of Jun. 2025, which is 39% above its 10-year median of 8.35. GuruFocus rates KARNF with a GF Score™ of 66/100 and a GF Value™ of $3.55. The stock has 1 warning sign investors should review. Among 295 Retail - Defensive companies, Kernel Holding ranks better than 62.71% 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.
Kernel Holding's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 11.58%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Kernel Holding's 3-Year ROIIC % or its related term are showing as below:
KARNF's 3-Year ROIIC % is ranked better than 62.71% of 295
companies
in the Retail - Defensive industry
Industry Median: 6.07
vs KARNF: 11.58
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.
Kernel Holding 3-Year ROIIC % Related Terms
Kernel Holding 3-Year ROIIC % Historical Data
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The historical data trend for Kernel Holding'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.
KARNF vs SYY, USFD, PFGC: 3-Year ROIIC % Comparison
For the Food Distribution subindustry, Kernel Holding'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.
Kernel Holding 3-Year ROIIC % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Kernel Holding's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Kernel Holding'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.
Kernel Holding (KARNF) has a 3-Year ROIIC % of 11.58 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Kernel Holding and its competitors. This is 39% above median its historical median of 8.35. According to the industry distribution chart, Kernel Holding ranks #110 out of 295 companies in the Retail - Defensive industry, placing it in the top 37.3%.
Is Kernel Holding's 3-Year ROIIC % too high?
Kernel Holding's current 3-Year ROIIC % of 11.58 is 39% above median its 10-year median of 8.35. The Retail - Defensive industry median 3-Year ROIIC % is 6.07. Kernel Holding's value of 11.58 is 90.8% above this industry median. Based on the distribution chart, Kernel Holding ranks #110 out of 295 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Kernel Holding has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Kernel Holding's 3-Year ROIIC % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Kernel Holding ranks #110 out of 295 companies for 3-Year ROIIC %. This puts Kernel Holding in the upper half of its industry. The industry median 3-Year ROIIC % is 6.07. Kernel Holding's value of 11.58 is 90.8% above this benchmark. While the company's 10-year median is 8.35 vs. the industry median of 6.07, Kernel Holding 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 - Defensive company?
The median 3-Year ROIIC % among Retail - Defensive companies is 6.07, based on 295 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. Kernel Holding's current 3-Year ROIIC % of 11.58 is 90.8% 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 Kernel Holding and its competitors. For the Retail - Defensive industry, the median 3-Year ROIIC % is 6.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kernel Holding's current 3-Year ROIIC % is 11.58, which is 39% above median its own 10-year median of 8.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kernel Holding stock overvalued right now?
Kernel Holding (KARNF) has a current 3-Year ROIIC % of 11.58. The stock's GF Value™ is $3.55, compared to a current price of $5.20 — trading 46.5% above its estimated fair value. The current 3-Year ROIIC % is 11.58, which is 39% above median its 10-year median of 8.35 and 90.8% above the Retail - Defensive industry median of 6.07. Kernel Holding's overall GF Score™ is 66/100 with 1 warning sign 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 Kernel Holding (KARNF), the current 3-Year ROIIC % is 11.58 as of Jun. 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 Kernel Holding (KARNF) Overvalued in 2026?
Based on GuruFocus' analysis, Kernel Holding stock appears to be overvalued.
The current stock price of $5.20 is trading 46.5% above its estimated GF Value™ of $3.55.
Key valuation signals for KARNF:
3-Year ROIIC %: 11.58 (39% above median its 10-year median of 8.35)
GF Value™: $3.55 vs. price of $5.20 (46.5% above fair value)
Industry Position: 90.8% above the Retail - Defensive median (#110 of 295)
No single metric tells the full story. See the KARNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.
66GF Score
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