Retail EstatesLTS:0FSO 71 3-Year ROIIC % is 4.03 as of Mar. 2026, which is 12% below its 10-year median of 4.59. GuruFocus rates LTS:0FSO with a GF Score™ of 71/100 and a GF Value™ of €67.76 (Fairly Valued). The stock has 9 warning signs investors should review. Among 695 REITs companies, Retail Estates ranks better than 52.52% 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.
Retail Estates's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 4.03%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Retail Estates's 3-Year ROIIC % or its related term are showing as below:
LTS:0FSO's 3-Year ROIIC % is ranked better than 52.52% of 695
companies
in the REITs industry
Industry Median: 3.52
vs LTS:0FSO: 4.03
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.
Retail Estates 3-Year ROIIC % Related Terms
Retail Estates 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Retail Estates'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.
LTS:0FSO vs SPG, O, KIM: 3-Year ROIIC % Comparison
For the REIT - Retail subindustry, Retail Estates'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.
Retail Estates 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Retail Estates's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Retail Estates's 3-Year ROIIC % falls into.
Retail Estates'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**
=
( 113.9449773 (Mar. 2026) - 101.055 (Mar. 2023) )
/
( 2371.538 (Mar. 2026) - 2051.946 (Mar. 2023) )
=
12.8899773
/
319.592
=
4.03%***
* 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.
Retail Estates (LTS:0FSO) has a 3-Year ROIIC % of 4.03 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 Retail Estates and its competitors. This is 12% below median its historical median of 4.59. Over the past decade, Retail Estates' 3-Year ROIIC % has ranged from 3.70 to 10.00. According to the industry distribution chart, Retail Estates ranks #330 out of 695 companies in the REITs industry, placing it in the top 47.5%.
Is Retail Estates' 3-Year ROIIC % too high?
Retail Estates' current 3-Year ROIIC % of 4.03 is 12% below median its 10-year median of 4.59. Over the past 10 years, this metric has ranged from a low of 3.70 to a high of 10.00. The REITs industry median 3-Year ROIIC % is 3.52. Retail Estates' value of 4.03 is 14.5% above this industry median. Based on the distribution chart, Retail Estates ranks #330 out of 695 companies in the REITs industry, which is above the industry midpoint. Overall, Retail Estates has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Retail Estates' 3-Year ROIIC % compare to SPG and O?
According to the REITs industry distribution chart, Retail Estates ranks #330 out of 695 companies for 3-Year ROIIC %. This puts Retail Estates in the upper half of its industry. The industry median 3-Year ROIIC % is 3.52. Retail Estates' value of 4.03 is 14.5% above this benchmark. Historically, Retail Estates' own 3-Year ROIIC % has ranged from 3.70 to 10.00 over the past decade. While the company's 10-year median is 4.59 vs. the industry median of 3.52, Retail Estates 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 REITs company?
The median 3-Year ROIIC % among REITs companies is 3.52, based on 695 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. Retail Estates's current 3-Year ROIIC % of 4.03 is 14.5% 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 Retail Estates and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Retail Estates's current 3-Year ROIIC % is 4.03, which is 12% below median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Retail Estates stock overvalued right now?
Based on GuruFocus' analysis, Retail Estates (LTS:0FSO) is currently considered Fairly Valued. The stock's GF Value™ is €67.76, compared to a current price of €72.10 — trading 6.4% above its estimated fair value. The current 3-Year ROIIC % is 4.03, which is 12% below median its 10-year median of 4.59 and 14.5% above the REITs industry median of 3.52. Retail Estates' overall GF Score™ is 71/100 with 9 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 Retail Estates (LTS:0FSO), the current 3-Year ROIIC % is 4.03 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 Retail Estates (LTS:0FSO) Overvalued in 2026?
Based on GuruFocus' analysis, Retail Estates stock appears to be overvalued.
The current stock price of €72.10 is trading 6.4% above its estimated GF Value™ of €67.76.
GuruFocus considers Retail Estates to be Fairly Valued.
Key valuation signals for LTS:0FSO:
3-Year ROIIC %: 4.03 (12% below median its 10-year median of 4.59)
GF Value™: €67.76 vs. price of €72.10 (6.4% above fair value)
Industry Position: 14.5% above the REITs median (#330 of 695)
No single metric tells the full story. See the LTS:0FSO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Retail Estates SA is a real estate investment trust that invests mainly in retail properties. It is a niche player specialised in making out-of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. It has distinguished between two geographical segments: Belgium and the Netherlands. The majority of revenue comes from Belgium.
71GF Score
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