Novamarine SpAMIL:NOVA 18 3-Year ROIIC % is 11.35 as of Dec. 2025, which is 38% below its 10-year median of 18.26. GuruFocus rates MIL:NOVA with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 1,257 Vehicles & Parts companies, Novamarine SpA ranks better than 62.93% 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.
Novamarine SpA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 11.35%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Novamarine SpA's 3-Year ROIIC % or its related term are showing as below:
MIL:NOVA's 3-Year ROIIC % is ranked better than 62.93% of 1257
companies
in the Vehicles & Parts industry
Industry Median: 4.18
vs MIL:NOVA: 11.35
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.
Novamarine SpA 3-Year ROIIC % Related Terms
Novamarine SpA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Novamarine 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:NOVA vs BC, PII, THO: 3-Year ROIIC % Comparison
For the Recreational Vehicles subindustry, Novamarine 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.
Novamarine SpA 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Novamarine SpA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Novamarine SpA's 3-Year ROIIC % falls into.
Novamarine 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**
=
( 2.6861408 (Dec. 2025) - 0.8977705 (Dec. 2022) )
/
( 43.562 (Dec. 2025) - 27.81 (Dec. 2022) )
=
1.7883703
/
15.752
=
11.35%***
* 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.
Novamarine SpA (MIL:NOVA) has a 3-Year ROIIC % of 11.35 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 Novamarine SpA and its competitors. This is 38% below median its historical median of 18.26. Over the past decade, Novamarine SpA's 3-Year ROIIC % has ranged from 11.35 to 25.16. According to the industry distribution chart, Novamarine SpA ranks #466 out of 1257 companies in the Vehicles & Parts industry, placing it in the top 37.1%.
Is Novamarine SpA's 3-Year ROIIC % too high?
Novamarine SpA's current 3-Year ROIIC % of 11.35 is 38% below median its 10-year median of 18.26. Over the past 10 years, this metric has ranged from a low of 11.35 to a high of 25.16. The Vehicles & Parts industry median 3-Year ROIIC % is 4.18. Novamarine SpA's value of 11.35 is 171.5% above this industry median. Based on the distribution chart, Novamarine SpA ranks #466 out of 1257 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Novamarine SpA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Novamarine SpA's 3-Year ROIIC % compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, Novamarine SpA ranks #466 out of 1257 companies for 3-Year ROIIC %. This puts Novamarine SpA in the upper half of its industry. The industry median 3-Year ROIIC % is 4.18. Novamarine SpA's value of 11.35 is 171.5% above this benchmark. Historically, Novamarine SpA's own 3-Year ROIIC % has ranged from 11.35 to 25.16 over the past decade. While the company's 10-year median is 18.26 vs. the industry median of 4.18, Novamarine 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 Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.18, based on 1,257 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. Novamarine SpA's current 3-Year ROIIC % of 11.35 is 171.5% 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 Novamarine SpA and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novamarine SpA's current 3-Year ROIIC % is 11.35, which is 38% below median its own 10-year median of 18.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novamarine SpA stock overvalued right now?
Novamarine SpA (MIL:NOVA) has a current 3-Year ROIIC % of 11.35. The current 3-Year ROIIC % is 11.35, which is 38% below median its 10-year median of 18.26 and 171.5% above the Vehicles & Parts industry median of 4.18. Novamarine SpA's overall GF Score™ is 18/100 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 Novamarine SpA (MIL:NOVA), the current 3-Year ROIIC % is 11.35 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.
Novamarine SpA is a company active in the design, production and marketing of high-performance pleasure boats in the pleasure and professional segments.
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