SOL SpAMIL:SOL +1.70%77 3-Year ROIIC % is 19.58 as of Dec. 2025, which is 58% above its 10-year median of 12.38. GuruFocus rates MIL:SOL with a GF Score™ of 77/100 and a GF Value™ of €42.52 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,521 Chemicals companies, SOL SpA ranks better than 77.91% 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.
SOL SpA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 19.58%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for SOL SpA's 3-Year ROIIC % or its related term are showing as below:
MIL:SOL's 3-Year ROIIC % is ranked better than 77.91% of 1521
companies
in the Chemicals industry
Industry Median: -0.04
vs MIL:SOL: 19.58
SOL SpA (MIL:SOL) 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.
SOL SpA 3-Year ROIIC % Related Terms
SOL SpA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for SOL 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:SOL vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, SOL 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.
SOL SpA 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, SOL SpA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where SOL 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.
SOL SpA (MIL:SOL) has a 3-Year ROIIC % of 19.58 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 SOL SpA and its competitors. This is 58% above median its historical median of 12.38. Over the past decade, SOL SpA's 3-Year ROIIC % has ranged from 5.43 to 41.00. According to the industry distribution chart, SOL SpA ranks #336 out of 1521 companies in the Chemicals industry, placing it in the top 22.1%.
Is SOL SpA's 3-Year ROIIC % too high?
SOL SpA's current 3-Year ROIIC % of 19.58 is 58% above median its 10-year median of 12.38. Over the past 10 years, this metric has ranged from a low of 5.43 to a high of 41.00. Based on the distribution chart, SOL SpA ranks #336 out of 1521 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, SOL SpA has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SOL SpA's 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, SOL SpA ranks #336 out of 1521 companies for 3-Year ROIIC %. This places SOL SpA in the top 22% of its industry — outperforming the majority of peers. Historically, SOL SpA's own 3-Year ROIIC % has ranged from 5.43 to 41.00 over the past decade. 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 Chemicals company?
A good 3-Year ROIIC % depends on the Chemicals industry context. 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 SOL SpA and its competitors. SOL SpA's current 3-Year ROIIC % is 19.58, which is 58% above median its own 10-year median of 12.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SOL SpA stock overvalued right now?
Based on GuruFocus' analysis, SOL SpA (MIL:SOL) is currently considered Significantly Overvalued. The stock's GF Value™ is €42.52, compared to a current price of €59.70 — trading 40.4% above its estimated fair value. The current 3-Year ROIIC % is 19.58, which is 58% above median its 10-year median of 12.38. SOL SpA's overall GF Score™ is 77/100 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 SOL SpA (MIL:SOL), the current 3-Year ROIIC % is 19.58 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 SOL SpA (MIL:SOL) Overvalued in 2026?
Based on GuruFocus' analysis, SOL SpA stock appears to be overvalued.
The current stock price of €59.70 is trading 40.4% above its estimated GF Value™ of €42.52.
GuruFocus considers SOL SpA to be Significantly Overvalued.
Key valuation signals for MIL:SOL:
3-Year ROIIC %: 19.58 (58% above median its 10-year median of 12.38)
GF Value™: €42.52 vs. price of €59.70 (40.4% above fair value)
No single metric tells the full story. See the MIL:SOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SOL SpA manufactures and sells industrial gases and medical equipment. The firm's two segments are based on product type. The home-care segment, which generates the majority of revenue, sells a variety of medicinal gases including oxygen, nitrogen, nitrous oxide, carbon dioxide, synthetic air, and medical air. The segment also provides medical air services for hospitals. The technical gases segment sells gas-based products to the energy, agricultural, food, metalworking, glass, and electronics industries. More of SOL's revenue comes from Italy than any other country.
77GF Score
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