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RedFish LongTerm Capital SpAMIL:RFLTC +4.17%51 3-Year ROIIC % is 2.59 as of Dec. 2025, which is 60% above its 10-year median of 1.62. GuruFocus rates MIL:RFLTC with a GF Score™ of 51/100 and a GF Value™ of €2.11 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 657 Asset Management companies, RedFish LongTerm Capital SpA ranks better than 51.14% 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.
RedFish LongTerm Capital SpA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 2.59%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
MIL:RFLTC's 3-Year ROIIC % is ranked better than 51.14% of 657
companies
in the Asset Management industry
Industry Median: 1.94
vs MIL:RFLTC: 2.59
RedFish LongTerm Capital SpA (MIL:RFLTC) 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.
RedFish LongTerm Capital SpA 3-Year ROIIC % Related Terms
RedFish LongTerm Capital SpA 3-Year ROIIC % Historical Data
* 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:RFLTC vs BLK, BX, KKR: 3-Year ROIIC % Comparison
For the Asset Management subindustry, RedFish LongTerm Capital 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.
RedFish LongTerm Capital SpA 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, RedFish LongTerm Capital SpA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where RedFish LongTerm Capital 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.
RedFish LongTerm Capital SpA (MIL:RFLTC) has a 3-Year ROIIC % of 2.59 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 RedFish LongTerm Capital SpA and its competitors. This is 60% above median its historical median of 1.62. Over the past decade, RedFish LongTerm Capital SpA's 3-Year ROIIC % has ranged from 0.64 to 2.59. According to the industry distribution chart, RedFish LongTerm Capital SpA ranks #321 out of 657 companies in the Asset Management industry, placing it in the top 48.9%.
Is RedFish LongTerm Capital SpA's 3-Year ROIIC % too high?
RedFish LongTerm Capital SpA's current 3-Year ROIIC % of 2.59 is 60% above median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 2.59. The Asset Management industry median 3-Year ROIIC % is 1.94. RedFish LongTerm Capital SpA's value of 2.59 is 33.5% above this industry median. Based on the distribution chart, RedFish LongTerm Capital SpA ranks #321 out of 657 companies in the Asset Management industry, which is above the industry midpoint. Overall, RedFish LongTerm Capital SpA has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RedFish LongTerm Capital SpA's 3-Year ROIIC % compare to BLK and BX?
According to the Asset Management industry distribution chart, RedFish LongTerm Capital SpA ranks #321 out of 657 companies for 3-Year ROIIC %. This puts RedFish LongTerm Capital SpA in the upper half of its industry. The industry median 3-Year ROIIC % is 1.94. RedFish LongTerm Capital SpA's value of 2.59 is 33.5% above this benchmark. Historically, RedFish LongTerm Capital SpA's own 3-Year ROIIC % has ranged from 0.64 to 2.59 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.94, RedFish LongTerm Capital 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 Asset Management company?
The median 3-Year ROIIC % among Asset Management companies is 1.94, based on 657 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. RedFish LongTerm Capital SpA's current 3-Year ROIIC % of 2.59 is 33.5% 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 RedFish LongTerm Capital SpA and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RedFish LongTerm Capital SpA's current 3-Year ROIIC % is 2.59, which is 60% above median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RedFish LongTerm Capital SpA stock overvalued right now?
Based on GuruFocus' analysis, RedFish LongTerm Capital SpA (MIL:RFLTC) is currently considered Possible Value Trap. The stock's GF Value™ is €2.11, compared to a current price of €1.25 — trading 40.8% below its estimated fair value. The current 3-Year ROIIC % is 2.59, which is 60% above median its 10-year median of 1.62 and 33.5% above the Asset Management industry median of 1.94. RedFish LongTerm Capital SpA's overall GF Score™ is 51/100 with 5 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 RedFish LongTerm Capital SpA (MIL:RFLTC), the current 3-Year ROIIC % is 2.59 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 RedFish LongTerm Capital SpA (MIL:RFLTC) Overvalued in 2026?
Based on GuruFocus' analysis, RedFish LongTerm Capital SpA stock appears to be undervalued.
The current stock price of €1.25 is trading 40.8% below its estimated GF Value™ of €2.11.
GuruFocus considers RedFish LongTerm Capital SpA to be Possible Value Trap.
Key valuation signals for MIL:RFLTC:
3-Year ROIIC %: 2.59 (60% above median its 10-year median of 1.62)
GF Value™: €2.11 vs. price of €1.25 (40.8% below fair value)
Industry Position: 33.5% above the Asset Management median (#321 of 657)
No single metric tells the full story. See the MIL:RFLTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control, and debt optimization, but above all, advisory services for the acquisition of Target Companies to pursue the development plan for external lines.
51GF Score
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