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TangerLTS:0LD4 +0.51%75 3-Year ROIIC % is 8.67 as of Dec. 2025, which is 2% below its 10-year median of 8.83. GuruFocus rates LTS:0LD4 with a GF Score™ of 75/100 and a GF Value™ of $34.39 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 692 REITs companies, Tanger ranks better than 75.87% 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.
Tanger's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 8.67%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Tanger's 3-Year ROIIC % or its related term are showing as below:
LTS:0LD4's 3-Year ROIIC % is ranked better than 75.87% of 692
companies
in the REITs industry
Industry Median: 3.61
vs LTS:0LD4: 8.67
Tanger (LTS:0LD4) 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.
Tanger 3-Year ROIIC % Related Terms
Tanger 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Tanger'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:0LD4 vs PECO, KRG, CURB: 3-Year ROIIC % Comparison
For the REIT - Retail subindustry, Tanger'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.
Tanger 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Tanger's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tanger's 3-Year ROIIC % falls into.
Tanger'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**
=
( 175.362 (Dec. 2025) - 115.241 (Dec. 2022) )
/
( 2646.454 (Dec. 2025) - 1953.091 (Dec. 2022) )
=
60.121
/
693.363
=
8.67%***
* 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.
Tanger (LTS:0LD4) has a 3-Year ROIIC % of 8.67 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 Tanger and its competitors. This is near median its historical median of 8.83. Over the past decade, Tanger's 3-Year ROIIC % has ranged from 2.72 to 21.79. According to the industry distribution chart, Tanger ranks #167 out of 692 companies in the REITs industry, placing it in the top 24.1%.
Is Tanger's 3-Year ROIIC % too high?
Tanger's current 3-Year ROIIC % of 8.67 is near median its 10-year median of 8.83. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 21.79. The REITs industry median 3-Year ROIIC % is 3.61. Tanger's value of 8.67 is 140.2% above this industry median. Based on the distribution chart, Tanger ranks #167 out of 692 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Tanger has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tanger's 3-Year ROIIC % compare to PECO and KRG?
According to the REITs industry distribution chart, Tanger ranks #167 out of 692 companies for 3-Year ROIIC %. This places Tanger in the top 24% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.61. Tanger's value of 8.67 is 140.2% above this benchmark. Historically, Tanger's own 3-Year ROIIC % has ranged from 2.72 to 21.79 over the past decade. While the company's 10-year median is 8.83 vs. the industry median of 3.61, Tanger 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 3.61, based on 692 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. Tanger's current 3-Year ROIIC % of 8.67 is 140.2% 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 Tanger and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tanger's current 3-Year ROIIC % is 8.67, which is near median its own 10-year median of 8.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanger stock overvalued right now?
Based on GuruFocus' analysis, Tanger (LTS:0LD4) is currently considered Modestly Overvalued. The stock's GF Value™ is $34.39, compared to a current price of $41.55 — trading 20.8% above its estimated fair value. The current 3-Year ROIIC % is 8.67, which is near median its 10-year median of 8.83 and 140.2% above the REITs industry median of 3.61. Tanger's overall GF Score™ is 75/100 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 Tanger (LTS:0LD4), the current 3-Year ROIIC % is 8.67 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 Tanger (LTS:0LD4) Overvalued in 2026?
Based on GuruFocus' analysis, Tanger stock appears to be overvalued.
The current stock price of $41.55 is trading 20.8% above its estimated GF Value™ of $34.39.
GuruFocus considers Tanger to be Modestly Overvalued.
Key valuation signals for LTS:0LD4:
3-Year ROIIC %: 8.67 (near median its 10-year median of 8.83)
GF Value™: $34.39 vs. price of $41.55 (20.8% above fair value)
Industry Position: 140.2% above the REITs median (#167 of 692)
No single metric tells the full story. See the LTS:0LD4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tanger Inc is an owner and operator of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers.
75GF Score
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