Lindblad Expeditions HoldingsLIND -1.98%65 3-Year ROIIC % is 108.58 as of Dec. 2025, which is 1113% above its 10-year median of 8.95. GuruFocus rates LIND with a GF Score™ of 65/100 and a GF Value™ of $13.24 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 793 Travel & Leisure companies, Lindblad Expeditions Holdings ranks better than 90.04% 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.
Lindblad Expeditions Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 108.58%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
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.
Lindblad Expeditions Holdings 3-Year ROIIC % Related Terms
Lindblad Expeditions Holdings 3-Year ROIIC % Historical Data
* 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.
LIND vs TRIP, PRSU, YTRA: 3-Year ROIIC % Comparison
For the Travel Services subindustry, Lindblad Expeditions 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.
Lindblad Expeditions Holdings 3-Year ROIIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Lindblad Expeditions Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Lindblad Expeditions Holdings's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 45.487 (Dec. 2025) - -63.046 (Dec. 2022) )
/
( 974.713 (Dec. 2025) - 874.757 (Dec. 2022) )
=
108.533
/
99.956
=
108.58%***
* 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.
Lindblad Expeditions Holdings (LIND) has a 3-Year ROIIC % of 108.58 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 Lindblad Expeditions Holdings and its competitors. This is 1113% above median its historical median of 8.95. According to the industry distribution chart, Lindblad Expeditions Holdings ranks #79 out of 793 companies in the Travel & Leisure industry, placing it in the top 10%.
Is Lindblad Expeditions Holdings' 3-Year ROIIC % too high?
Lindblad Expeditions Holdings' current 3-Year ROIIC % of 108.58 is 1113% above median its 10-year median of 8.95. The Travel & Leisure industry median 3-Year ROIIC % is 4.35. Lindblad Expeditions Holdings' value of 108.58 is 2396.1% above this industry median. Based on the distribution chart, Lindblad Expeditions Holdings ranks #79 out of 793 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Lindblad Expeditions Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lindblad Expeditions Holdings' 3-Year ROIIC % compare to TRIP and PRSU?
According to the Travel & Leisure industry distribution chart, Lindblad Expeditions Holdings ranks #79 out of 793 companies for 3-Year ROIIC %. This places Lindblad Expeditions Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.35. Lindblad Expeditions Holdings' value of 108.58 is 2396.1% above this benchmark. While the company's 10-year median is 8.95 vs. the industry median of 4.35, Lindblad Expeditions Holdings 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 Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 4.35, based on 793 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. Lindblad Expeditions Holdings's current 3-Year ROIIC % of 108.58 is 2396.1% 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 Lindblad Expeditions Holdings and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 4.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lindblad Expeditions Holdings's current 3-Year ROIIC % is 108.58, which is 1113% above median its own 10-year median of 8.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lindblad Expeditions Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lindblad Expeditions Holdings (LIND) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.24, compared to a current price of $26.23 — trading 98.1% above its estimated fair value. The current 3-Year ROIIC % is 108.58, which is 1113% above median its 10-year median of 8.95 and 2396.1% above the Travel & Leisure industry median of 4.35. Lindblad Expeditions Holdings' overall GF Score™ is 65/100 with 4 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 Lindblad Expeditions Holdings (LIND), the current 3-Year ROIIC % is 108.58 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 Lindblad Expeditions Holdings (LIND) Overvalued in 2026?
Based on GuruFocus' analysis, Lindblad Expeditions Holdings stock appears to be overvalued.
The current stock price of $26.23 is trading 98.1% above its estimated GF Value™ of $13.24.
GuruFocus considers Lindblad Expeditions Holdings to be Significantly Overvalued.
Key valuation signals for LIND:
3-Year ROIIC %: 108.58 (1113% above median its 10-year median of 8.95)
GF Value™: $13.24 vs. price of $26.23 (98.1% above fair value)
Industry Position: 2396.1% above the Travel & Leisure median (#79 of 793)
No single metric tells the full story. See the LIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lindblad Expeditions Holdings Business Description
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. It operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of twelve owned expedition ships and five seasonal charter vessels under the Lindblad brand.
65GF Score
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