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MarshallsLSE:MSLH -1.13%64 3-Year ROIIC % is 9.45 as of Dec. 2025, which is 34% above its 10-year median of 7.06. GuruFocus rates LSE:MSLH with a GF Score™ of 64/100 and a GF Value™ of £2.51 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 383 Building Materials companies, Marshalls ranks better than 57.96% 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.
Marshalls's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 9.45%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Marshalls's 3-Year ROIIC % or its related term are showing as below:
LSE:MSLH's 3-Year ROIIC % is ranked better than 57.96% of 383
companies
in the Building Materials industry
Industry Median: 5.11
vs LSE:MSLH: 9.45
Marshalls (LSE:MSLH) 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.
Marshalls 3-Year ROIIC % Related Terms
Marshalls 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Marshalls'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.
LSE:MSLH vs CRH, VMC, MLM: 3-Year ROIIC % Comparison
For the Building Materials subindustry, Marshalls'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.
Marshalls 3-Year ROIIC % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Marshalls's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Marshalls's 3-Year ROIIC % falls into.
Marshalls'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**
=
( 37.58832 (Dec. 2025) - 45.30864 (Dec. 2022) )
/
( 948.8 (Dec. 2025) - 1030.5 (Dec. 2022) )
=
-7.72032
/
-81.7
=
9.45%***
* 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.
Marshalls (LSE:MSLH) has a 3-Year ROIIC % of 9.45 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 Marshalls and its competitors. This is 34% above median its historical median of 7.06. According to the industry distribution chart, Marshalls ranks #161 out of 383 companies in the Building Materials industry, placing it in the top 42%.
Is Marshalls' 3-Year ROIIC % too high?
Marshalls' current 3-Year ROIIC % of 9.45 is 34% above median its 10-year median of 7.06. The Building Materials industry median 3-Year ROIIC % is 5.11. Marshalls' value of 9.45 is 84.9% above this industry median. Based on the distribution chart, Marshalls ranks #161 out of 383 companies in the Building Materials industry, which is above the industry midpoint. Overall, Marshalls has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marshalls' 3-Year ROIIC % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Marshalls ranks #161 out of 383 companies for 3-Year ROIIC %. This puts Marshalls in the upper half of its industry. The industry median 3-Year ROIIC % is 5.11. Marshalls' value of 9.45 is 84.9% above this benchmark. While the company's 10-year median is 7.06 vs. the industry median of 5.11, Marshalls 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 Building Materials company?
The median 3-Year ROIIC % among Building Materials companies is 5.11, based on 383 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. Marshalls's current 3-Year ROIIC % of 9.45 is 84.9% 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 Marshalls and its competitors. For the Building Materials industry, the median 3-Year ROIIC % is 5.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marshalls's current 3-Year ROIIC % is 9.45, which is 34% above median its own 10-year median of 7.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marshalls stock overvalued right now?
Based on GuruFocus' analysis, Marshalls (LSE:MSLH) is currently considered Significantly Undervalued. The stock's GF Value™ is £2.51, compared to a current price of £1.49 — trading 40.5% below its estimated fair value. The current 3-Year ROIIC % is 9.45, which is 34% above median its 10-year median of 7.06 and 84.9% above the Building Materials industry median of 5.11. Marshalls' overall GF Score™ is 64/100 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 Marshalls (LSE:MSLH), the current 3-Year ROIIC % is 9.45 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 Marshalls (LSE:MSLH) Overvalued in 2026?
Based on GuruFocus' analysis, Marshalls stock appears to be undervalued.
The current stock price of £1.49 is trading 40.5% below its estimated GF Value™ of £2.51.
GuruFocus considers Marshalls to be Significantly Undervalued.
Key valuation signals for LSE:MSLH:
3-Year ROIIC %: 9.45 (34% above median its 10-year median of 7.06)
GF Value™: £2.51 vs. price of £1.49 (40.5% below fair value)
Industry Position: 84.9% above the Building Materials median (#161 of 383)
No single metric tells the full story. See the LSE:MSLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marshalls PLC manufactures landscape building and roofing products, which it sells to customers in both public sector/commercial and domestic end markets. The focus in the public sector and commercial business is on products for architects, local authorities, and contractors, for use in projects such as creating street furniture, paving, and water management. Domestic market customers range from do-it-yourselfers to professional landscapers, driveway installers, and garden designers. It supplies products like Concrete tiles, Clay tiles, Walling, and Concrete bricks, among others. The company has three reporting segments: Landscape Products, which generates key revenue; Building Products; and Roofing Products. It operates manufacturing sites and quarries throughout the United Kingdom.
64GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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