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Adventure SpAMIL:ADV +23.08%15 3-Year ROIIC % is -0.11 as of Dec. 2025. GuruFocus rates MIL:ADV with a GF Score™ of 15/100. The stock has 6 warning signs investors should review. Among 2,625 Software companies, Adventure SpA ranks worse than 58.93% 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.
Adventure SpA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -0.11%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Adventure SpA's 3-Year ROIIC % or its related term are showing as below:
MIL:ADV's 3-Year ROIIC % is ranked worse than 58.93% of 2625
companies
in the Software industry
Industry Median: 5.24
vs MIL:ADV: -0.11
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.
Adventure SpA 3-Year ROIIC % Related Terms
Adventure SpA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Adventure 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:ADV vs UBER, SHOP, CRM: 3-Year ROIIC % Comparison
For the Software - Application subindustry, Adventure 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.
Adventure SpA 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, Adventure SpA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Adventure SpA's 3-Year ROIIC % falls into.
Adventure SpA'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**
=
( 0.2172825 (Dec. 2025) - 0.2386608 (Dec. 2022) )
/
( 20.006 (Dec. 2025) - 1.27 (Dec. 2022) )
=
-0.0213783
/
18.736
=
-0.11%***
* 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.
Adventure SpA (MIL:ADV) has a 3-Year ROIIC % of -0.11 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 Adventure SpA and its competitors. According to the industry distribution chart, Adventure SpA ranks #1547 out of 2625 companies in the Software industry, placing it in the top 58.9%.
Is Adventure SpA's 3-Year ROIIC % too high?
Adventure SpA's current 3-Year ROIIC % is -0.11. Based on the distribution chart, Adventure SpA ranks #1547 out of 2625 companies in the Software industry, which is below the industry midpoint. Overall, Adventure SpA has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Adventure SpA's 3-Year ROIIC % compare to UBER and SHOP?
According to the Software industry distribution chart, Adventure SpA ranks #1547 out of 2625 companies for 3-Year ROIIC %. This places Adventure SpA in the lower half of its industry. The industry median 3-Year ROIIC % is 5.24. 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 Software company?
The median 3-Year ROIIC % among Software companies is 5.24, based on 2,625 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. 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 Adventure SpA and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adventure SpA's current 3-Year ROIIC % is -0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure SpA stock overvalued right now?
Adventure SpA (MIL:ADV) has a current 3-Year ROIIC % of -0.11. The current 3-Year ROIIC % is -0.11. Adventure SpA's overall GF Score™ is 15/100 with 6 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 Adventure SpA (MIL:ADV), the current 3-Year ROIIC % is -0.11 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.
Adventure SpA operates as an online rate comparison platform. The company is engaged in providing carious services that includes lead generation solutions, Advertising solutions, Web development solutions, operational efficiency improvement, and others. The core business of the company is through the portal ameconviene.it a website dedicated to providing consumers with in-depth and up-to-date services and information on tracking the value for its finances, with a focus on home savings, investments, and smart financial choices.
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