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.
Alerion CleanPower SPAMIL:ARN +3.37%68 3-Year ROIIC % is 14.92 as of Dec. 2025, which is at its 10-year median of 14.92. GuruFocus rates MIL:ARN with a GF Score™ of 68/100 and a GF Value™ of €12.75 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 394 Utilities - Independent Power Producers companies, Alerion CleanPower SPA ranks better than 76.65% 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.
Alerion CleanPower SPA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 14.92%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Alerion CleanPower SPA's 3-Year ROIIC % or its related term are showing as below:
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.
Alerion CleanPower SPA 3-Year ROIIC % Related Terms
Alerion CleanPower SPA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Alerion CleanPower 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.
For the Utilities - Renewable subindustry, Alerion CleanPower 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.
Alerion CleanPower SPA 3-Year ROIIC % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Alerion CleanPower SPA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Alerion CleanPower SPA's 3-Year ROIIC % falls into.
* 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.
Alerion CleanPower SPA (MIL:ARN) has a 3-Year ROIIC % of 14.92 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 Alerion CleanPower SPA and its competitors. This is near median its historical median of 14.92. According to the industry distribution chart, Alerion CleanPower SPA ranks #92 out of 394 companies in the Utilities - Independent Power Producers industry, placing it in the top 23.4%.
Is Alerion CleanPower SPA's 3-Year ROIIC % too high?
Alerion CleanPower SPA's current 3-Year ROIIC % of 14.92 is near median its 10-year median of 14.92. The Utilities - Independent Power Producers industry median 3-Year ROIIC % is 1.31. Alerion CleanPower SPA's value of 14.92 is 1038.9% above this industry median. Based on the distribution chart, Alerion CleanPower SPA ranks #92 out of 394 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Alerion CleanPower SPA has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alerion CleanPower SPA's 3-Year ROIIC % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Alerion CleanPower SPA ranks #92 out of 394 companies for 3-Year ROIIC %. This places Alerion CleanPower SPA in the top 23% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.31. Alerion CleanPower SPA's value of 14.92 is 1038.9% above this benchmark. While the company's 10-year median is 14.92 vs. the industry median of 1.31, Alerion CleanPower 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 an Utilities - Independent Power Producers company?
The median 3-Year ROIIC % among Utilities - Independent Power Producers companies is 1.31, based on 394 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. Alerion CleanPower SPA's current 3-Year ROIIC % of 14.92 is 1038.9% 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 Alerion CleanPower SPA and its competitors. For the Utilities - Independent Power Producers industry, the median 3-Year ROIIC % is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alerion CleanPower SPA's current 3-Year ROIIC % is 14.92, which is near median its own 10-year median of 14.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alerion CleanPower SPA stock overvalued right now?
Based on GuruFocus' analysis, Alerion CleanPower SPA (MIL:ARN) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.75, compared to a current price of €21.50 — trading 68.6% above its estimated fair value. The current 3-Year ROIIC % is 14.92, which is near median its 10-year median of 14.92 and 1038.9% above the Utilities - Independent Power Producers industry median of 1.31. Alerion CleanPower SPA's overall GF Score™ is 68/100 with 4 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 Alerion CleanPower SPA (MIL:ARN), the current 3-Year ROIIC % is 14.92 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 Alerion CleanPower SPA (MIL:ARN) Overvalued in 2026?
Based on GuruFocus' analysis, Alerion CleanPower SPA stock appears to be overvalued.
The current stock price of €21.50 is trading 68.6% above its estimated GF Value™ of €12.75.
GuruFocus considers Alerion CleanPower SPA to be Significantly Overvalued.
Key valuation signals for MIL:ARN:
3-Year ROIIC %: 14.92 (near median its 10-year median of 14.92)
GF Value™: €12.75 vs. price of €21.50 (68.6% above fair value)
Industry Position: 1038.9% above the Utilities - Independent Power Producers median (#92 of 394)
No single metric tells the full story. See the MIL:ARN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alerion CleanPower SPA operates in the renewable energy sector, managing wind and solar power plants across Italy, Romania, Spain, and Bulgaria. Its activities include the generation of electricity from renewable sources. The company focused on wind and solar power generation and energy storage.
68GF Score
Get the complete analysis for MIL:ARN
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
MIL:ARN has been successfully added to your 
