AX Real EstateMAL:AXR 29 3-Year ROIIC % is 14.29 as of Oct. 2025. GuruFocus rates MAL:AXR with a GF Score™ of 29/100 and a GF Value™ of €0.81 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,664 Real Estate companies, AX Real Estate ranks better than 79.03% 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.
AX Real Estate's 3-Year ROIIC % for the quarter that ended in Oct. 2025 was 14.29%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for AX Real Estate's 3-Year ROIIC % or its related term are showing as below:
MAL:AXR's 3-Year ROIIC % is ranked better than 79.03% of 1664
companies
in the Real Estate industry
Industry Median: 2.315
vs MAL:AXR: 14.29
AX Real Estate (MAL:AXR) 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.
AX Real Estate 3-Year ROIIC % Related Terms
AX Real Estate 3-Year ROIIC % Historical Data
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The historical data trend for AX Real Estate'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.
AX Real Estate 3-Year ROIIC % Competitor Comparison
For the Real Estate - Diversified subindustry, AX Real Estate'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.
AX Real Estate 3-Year ROIIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, AX Real Estate's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where AX Real Estate's 3-Year ROIIC % falls into.
AX Real Estate's 3-Year ROIIC % for the quarter that ended in Oct. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 16.320738 (Oct. 2025) - 3.906846 (Oct. 2022) )
/
( 356.649 (Oct. 2025) - 269.804 (Oct. 2022) )
=
12.413892
/
86.845
=
14.29%***
* 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.
AX Real Estate (MAL:AXR) has a 3-Year ROIIC % of 14.29 as of Oct. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on AX Real Estate and its competitors. According to the industry distribution chart, AX Real Estate ranks #349 out of 1664 companies in the Real Estate industry, placing it in the top 21%.
Is AX Real Estate's 3-Year ROIIC % too high?
AX Real Estate's current 3-Year ROIIC % is 14.29. The Real Estate industry median 3-Year ROIIC % is 2.32. AX Real Estate's value of 14.29 is 517.3% above this industry median. Based on the distribution chart, AX Real Estate ranks #349 out of 1664 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, AX Real Estate has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AX Real Estate's 3-Year ROIIC % compare to competitors?
According to the Real Estate industry distribution chart, AX Real Estate ranks #349 out of 1664 companies for 3-Year ROIIC %. This places AX Real Estate in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.32. AX Real Estate's value of 14.29 is 517.3% above this benchmark. 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 Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.32, based on 1,664 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. AX Real Estate's current 3-Year ROIIC % of 14.29 is 517.3% 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 AX Real Estate and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AX Real Estate's current 3-Year ROIIC % is 14.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AX Real Estate stock overvalued right now?
Based on GuruFocus' analysis, AX Real Estate (MAL:AXR) is currently considered Possible Value Trap. The stock's GF Value™ is €0.81, compared to a current price of €0.49 — trading 39.5% below its estimated fair value. The current 3-Year ROIIC % is 14.29 and 517.3% above the Real Estate industry median of 2.32. AX Real Estate's overall GF Score™ is 29/100 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 AX Real Estate (MAL:AXR), the current 3-Year ROIIC % is 14.29 as of Oct. 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 AX Real Estate (MAL:AXR) Overvalued in 2026?
Based on GuruFocus' analysis, AX Real Estate stock appears to be undervalued.
The current stock price of €0.49 is trading 39.5% below its estimated GF Value™ of €0.81.
GuruFocus considers AX Real Estate to be Possible Value Trap.
Key valuation signals for MAL:AXR:
3-Year ROIIC %: 14.29
GF Value™: €0.81 vs. price of €0.49 (39.5% below fair value)
Industry Position: 517.3% above the Real Estate median (#349 of 1664)
No single metric tells the full story. See the MAL:AXR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. It is engaged in four main business sectors namely, Care, Construction, Hospitality, Real Estate, and Development, and is also involved in renewable energy. It generates rental revenues from Hospitality, Care home, Offices, Residential, and Warehousing. It generates the majority of its revenue from the Hospitality segment.
29GF Score
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