A.b.p. Nocivelli SpAMIL:ABP +1.71%90 3-Year ROIIC % is 9.76 as of Jun. 2025, which is 19% above its 10-year median of 8.19. GuruFocus rates MIL:ABP with a GF Score™ of 90/100 and a GF Value™ of €6.47 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,681 Construction companies, A.b.p. Nocivelli SpA ranks better than 60.02% 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.
A.b.p. Nocivelli SpA's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 9.76%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for A.b.p. Nocivelli SpA's 3-Year ROIIC % or its related term are showing as below:
MIL:ABP's 3-Year ROIIC % is ranked better than 60.02% of 1681
companies
in the Construction industry
Industry Median: 4.63
vs MIL:ABP: 9.76
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.
A.b.p. Nocivelli SpA 3-Year ROIIC % Related Terms
A.b.p. Nocivelli SpA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for A.b.p. Nocivelli SpA'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.
MIL:ABP vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, A.b.p. Nocivelli SpA'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.
A.b.p. Nocivelli SpA 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, A.b.p. Nocivelli SpA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where A.b.p. Nocivelli SpA's 3-Year ROIIC % falls into.
A.b.p. Nocivelli SpA's 3-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 10.619613 (Jun. 2025) - 9.3422772 (Jun. 2022) )
/
( 39.123 (Jun. 2025) - 26.032 (Jun. 2022) )
=
1.2773358
/
13.091
=
9.76%***
* 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.
A.b.p. Nocivelli SpA (MIL:ABP) has a 3-Year ROIIC % of 9.76 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on A.b.p. Nocivelli SpA and its competitors. This is 19% above median its historical median of 8.19. According to the industry distribution chart, A.b.p. Nocivelli SpA ranks #672 out of 1681 companies in the Construction industry, placing it in the top 40%.
Is A.b.p. Nocivelli SpA's 3-Year ROIIC % too high?
A.b.p. Nocivelli SpA's current 3-Year ROIIC % of 9.76 is 19% above median its 10-year median of 8.19. The Construction industry median 3-Year ROIIC % is 4.63. A.b.p. Nocivelli SpA's value of 9.76 is 110.8% above this industry median. Based on the distribution chart, A.b.p. Nocivelli SpA ranks #672 out of 1681 companies in the Construction industry, which is above the industry midpoint. Overall, A.b.p. Nocivelli SpA has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does A.b.p. Nocivelli SpA's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, A.b.p. Nocivelli SpA ranks #672 out of 1681 companies for 3-Year ROIIC %. This puts A.b.p. Nocivelli SpA in the upper half of its industry. The industry median 3-Year ROIIC % is 4.63. A.b.p. Nocivelli SpA's value of 9.76 is 110.8% above this benchmark. While the company's 10-year median is 8.19 vs. the industry median of 4.63, A.b.p. Nocivelli SpA 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 1,681 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. A.b.p. Nocivelli SpA's current 3-Year ROIIC % of 9.76 is 110.8% 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 A.b.p. Nocivelli SpA 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. A.b.p. Nocivelli SpA's current 3-Year ROIIC % is 9.76, which is 19% above median its own 10-year median of 8.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A.b.p. Nocivelli SpA stock overvalued right now?
Based on GuruFocus' analysis, A.b.p. Nocivelli SpA (MIL:ABP) is currently considered Fairly Valued. The stock's GF Value™ is €6.47, compared to a current price of €5.95 — trading 8% below its estimated fair value. The current 3-Year ROIIC % is 9.76, which is 19% above median its 10-year median of 8.19 and 110.8% above the Construction industry median of 4.63. A.b.p. Nocivelli SpA's overall GF Score™ is 90/100 with 1 warning sign 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 A.b.p. Nocivelli SpA (MIL:ABP), the current 3-Year ROIIC % is 9.76 as of Jun. 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 A.b.p. Nocivelli SpA (MIL:ABP) Overvalued in 2026?
Based on GuruFocus' analysis, A.b.p. Nocivelli SpA stock appears to be undervalued.
The current stock price of €5.95 is trading 8% below its estimated GF Value™ of €6.47.
GuruFocus considers A.b.p. Nocivelli SpA to be Fairly Valued.
Key valuation signals for MIL:ABP:
3-Year ROIIC %: 9.76 (19% above median its 10-year median of 8.19)
GF Value™: €6.47 vs. price of €5.95 (8% below fair value)
Industry Position: 110.8% above the Construction median (#672 of 1681)
No single metric tells the full story. See the MIL:ABP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A.b.p. Nocivelli SpA is engaged in designing, implementing, and managing public hospital infrastructures. The activities of the company are Construction of technologicalinstallations, Building and plant renovation, provision of SPECT-CT tomography, electrical and mechanical installations, and others. The projects of the company include Spedali Civili Hospital in Brescia.
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