Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Grand Harbour MarinaMAL:GHM 49 3-Year ROIIC % is 15.86 as of Dec. 2025, which is 3% above its 10-year median of 15.39. GuruFocus rates MAL:GHM with a GF Score™ of 49/100 and a GF Value™ of €0.80 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 794 Travel & Leisure companies, Grand Harbour Marina ranks better than 67.13% 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.
Grand Harbour Marina's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 15.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Grand Harbour Marina's 3-Year ROIIC % or its related term are showing as below:
MAL:GHM's 3-Year ROIIC % is ranked better than 67.13% of 794
companies
in the Travel & Leisure industry
Industry Median: 3.74
vs MAL:GHM: 15.86
Grand Harbour Marina (MAL:GHM) 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.
Grand Harbour Marina 3-Year ROIIC % Related Terms
Grand Harbour Marina 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Grand Harbour Marina'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.
MAL:GHM vs AS, HAS, LTH: 3-Year ROIIC % Comparison
For the Leisure subindustry, Grand Harbour Marina'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.
Grand Harbour Marina 3-Year ROIIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Grand Harbour Marina's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Grand Harbour Marina's 3-Year ROIIC % falls into.
Grand Harbour Marina'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**
=
( 1.4730352 (Dec. 2025) - 1.1381688 (Dec. 2022) )
/
( 27.093 (Dec. 2025) - 24.982 (Dec. 2022) )
=
0.3348664
/
2.111
=
15.86%***
* 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.
Grand Harbour Marina (MAL:GHM) has a 3-Year ROIIC % of 15.86 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 Grand Harbour Marina and its competitors. This is near median its historical median of 15.39. According to the industry distribution chart, Grand Harbour Marina ranks #261 out of 794 companies in the Travel & Leisure industry, placing it in the top 32.9%.
Is Grand Harbour Marina's 3-Year ROIIC % too high?
Grand Harbour Marina's current 3-Year ROIIC % of 15.86 is near median its 10-year median of 15.39. The Travel & Leisure industry median 3-Year ROIIC % is 3.74. Grand Harbour Marina's value of 15.86 is 324.1% above this industry median. Based on the distribution chart, Grand Harbour Marina ranks #261 out of 794 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Grand Harbour Marina has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Harbour Marina's 3-Year ROIIC % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Grand Harbour Marina ranks #261 out of 794 companies for 3-Year ROIIC %. This puts Grand Harbour Marina in the upper half of its industry. The industry median 3-Year ROIIC % is 3.74. Grand Harbour Marina's value of 15.86 is 324.1% above this benchmark. While the company's 10-year median is 15.39 vs. the industry median of 3.74, Grand Harbour Marina 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 Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 3.74, based on 794 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. Grand Harbour Marina's current 3-Year ROIIC % of 15.86 is 324.1% 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 Grand Harbour Marina and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Harbour Marina's current 3-Year ROIIC % is 15.86, which is near median its own 10-year median of 15.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Harbour Marina stock overvalued right now?
Based on GuruFocus' analysis, Grand Harbour Marina (MAL:GHM) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.80, compared to a current price of €0.94 — trading 17.5% above its estimated fair value. The current 3-Year ROIIC % is 15.86, which is near median its 10-year median of 15.39 and 324.1% above the Travel & Leisure industry median of 3.74. Grand Harbour Marina's overall GF Score™ is 49/100 with 8 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 Grand Harbour Marina (MAL:GHM), the current 3-Year ROIIC % is 15.86 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 Grand Harbour Marina (MAL:GHM) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Harbour Marina stock appears to be overvalued.
The current stock price of €0.94 is trading 17.5% above its estimated GF Value™ of €0.80.
GuruFocus considers Grand Harbour Marina to be Modestly Overvalued.
Key valuation signals for MAL:GHM:
3-Year ROIIC %: 15.86 (near median its 10-year median of 15.39)
GF Value™: €0.80 vs. price of €0.94 (17.5% above fair value)
Industry Position: 324.1% above the Travel & Leisure median (#261 of 794)
No single metric tells the full story. See the MAL:GHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Harbour Marina PLC is a Malta-based marina company. The principal business activities of the company and its joint venture are acquiring, developing, operating, and managing marinas. The group has two reportable segments, Grand Harbour Marina and IC Cesme Marina. The business operates in each of these two operating segments in the ownership and operation of marina facilities providing berthing and ancillary services for yachts and super-yachts. It generates maximum revenue from the Grand Harbour Marina segment.
49GF Score
Get the complete analysis for MAL:GHM
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MAL:GHM has been successfully added to your 
