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Northern BearLSE:NTBR 45 3-Year ROIIC % is 98.96 as of Mar. 2026, which is 12117% above its 10-year median of 0.81. GuruFocus rates LSE:NTBR with a GF Score™ of 45/100 and a GF Value™ of £0.92 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,693 Construction companies, Northern Bear ranks better than 93.38% 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.
Northern Bear's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 98.96%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Northern Bear's 3-Year ROIIC % or its related term are showing as below:
LSE:NTBR's 3-Year ROIIC % is ranked better than 93.38% of 1693
companies
in the Construction industry
Industry Median: 4.63
vs LSE:NTBR: 98.96
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.
Northern Bear 3-Year ROIIC % Related Terms
Northern Bear 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Northern Bear'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:NTBR vs TT, JCI, CARR: 3-Year ROIIC % Comparison
For the Building Products & Equipment subindustry, Northern Bear'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.
Northern Bear 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Northern Bear's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Northern Bear's 3-Year ROIIC % falls into.
Northern Bear's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 4.21476 (Mar. 2026) - 1.7358753 (Mar. 2023) )
/
( 25.988 (Mar. 2026) - 23.483 (Mar. 2023) )
=
2.4788847
/
2.505
=
98.96%***
* 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.
Northern Bear (LSE:NTBR) has a 3-Year ROIIC % of 98.96 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Northern Bear and its competitors. This is 12117% above median its historical median of 0.81. According to the industry distribution chart, Northern Bear ranks #112 out of 1693 companies in the Construction industry, placing it in the top 6.6%.
Is Northern Bear's 3-Year ROIIC % too high?
Northern Bear's current 3-Year ROIIC % of 98.96 is 12117% above median its 10-year median of 0.81. The Construction industry median 3-Year ROIIC % is 4.63. Northern Bear's value of 98.96 is 2037.4% above this industry median. Based on the distribution chart, Northern Bear ranks #112 out of 1693 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Bear has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Bear's 3-Year ROIIC % compare to TT and JCI?
According to the Construction industry distribution chart, Northern Bear ranks #112 out of 1693 companies for 3-Year ROIIC %. This places Northern Bear in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.63. Northern Bear's value of 98.96 is 2037.4% above this benchmark. While the company's 10-year median is 0.81 vs. the industry median of 4.63, Northern Bear 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, based on 1,693 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. Northern Bear's current 3-Year ROIIC % of 98.96 is 2037.4% 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 Northern Bear and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Bear's current 3-Year ROIIC % is 98.96, which is 12117% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Bear stock overvalued right now?
Based on GuruFocus' analysis, Northern Bear (LSE:NTBR) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.92, compared to a current price of £1.31 — trading 41.8% above its estimated fair value. The current 3-Year ROIIC % is 98.96, which is 12117% above median its 10-year median of 0.81 and 2037.4% above the Construction industry median of 4.63. Northern Bear's overall GF Score™ is 45/100 with 2 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 Northern Bear (LSE:NTBR), the current 3-Year ROIIC % is 98.96 as of Mar. 2026. 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 Northern Bear (LSE:NTBR) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Bear stock appears to be overvalued.
The current stock price of £1.31 is trading 41.8% above its estimated GF Value™ of £0.92.
GuruFocus considers Northern Bear to be Significantly Overvalued.
Key valuation signals for LSE:NTBR:
3-Year ROIIC %: 98.96 (12117% above median its 10-year median of 0.81)
GF Value™: £0.92 vs. price of £1.31 (41.8% above fair value)
Industry Position: 2037.4% above the Construction median (#112 of 1693)
No single metric tells the full story. See the LSE:NTBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Bear PLC is a specialist building service provider serving the support services sector. Its operating segments include Roofing activities - companies providing a comprehensive range of roofing services including slang, felting, refurbishment, and maintenance for domestic, commercial, and public sector properties; Materials handling activities - supply, service, and maintenance of forklift trucks and warehouse equipment on hire and for sale; Specialist building services activities - aggregation of other specialist building services companies providing services including building maintenance, electrical contracting, and sound insulation and Corporate and other activities - the provision of head office activity and consolidation items. It generates revenues mainly from the UK.
45GF 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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