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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.
Kenya Airways's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -16.89%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Kenya Airways's 3-Year ROIIC % or its related term are showing as below:
NAI:KQ's 3-Year ROIIC % is ranked worse than 77.08% of 938
companies
in the Transportation industry
Industry Median: 1.96
vs NAI:KQ: -16.89
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.
Kenya Airways 3-Year ROIIC % Related Terms
Kenya Airways 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Kenya Airways'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.
NAI:KQ vs DAL, UAL, LUV: 3-Year ROIIC % Comparison
For the Airlines subindustry, Kenya Airways'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.
Kenya Airways 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Kenya Airways's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Kenya Airways'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.
Kenya Airways (NAI:KQ) has a 3-Year ROIIC % of -16.89 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 Kenya Airways and its competitors. According to the industry distribution chart, Kenya Airways ranks #723 out of 938 companies in the Transportation industry, placing it in the top 77.1%.
Is Kenya Airways' 3-Year ROIIC % too high?
Kenya Airways' current 3-Year ROIIC % is -16.89. Based on the distribution chart, Kenya Airways ranks #723 out of 938 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Kenya Airways has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenya Airways' 3-Year ROIIC % compare to DAL and UAL?
According to the Transportation industry distribution chart, Kenya Airways ranks #723 out of 938 companies for 3-Year ROIIC %. This places Kenya Airways in the lower half of its industry. The industry median 3-Year ROIIC % is 1.96. 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.96, based on 938 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 Kenya Airways and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kenya Airways's current 3-Year ROIIC % is -16.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenya Airways stock overvalued right now?
Based on GuruFocus' analysis, Kenya Airways (NAI:KQ) is currently considered Significantly Overvalued. The stock's GF Value™ is KES3.75, compared to a current price of KES5.32 — trading 41.9% above its estimated fair value. The current 3-Year ROIIC % is -16.89. Kenya Airways' overall GF Score™ is 64/100 with 7 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 Kenya Airways (NAI:KQ), the current 3-Year ROIIC % is -16.89 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 Kenya Airways (NAI:KQ) Overvalued in 2026?
Based on GuruFocus' analysis, Kenya Airways stock appears to be overvalued.
The current stock price of KES5.32 is trading 41.9% above its estimated GF Value™ of KES3.75.
GuruFocus considers Kenya Airways to be Significantly Overvalued.
Key valuation signals for NAI:KQ:
3-Year ROIIC %: -16.89
GF Value™: KES3.75 vs. price of KES5.32 (41.9% above fair value)
No single metric tells the full story. See the NAI:KQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kenya Airways Plc is engaged in the international, regional, and domestic carriage of passengers and cargo by air, the provision of ground handling services to other airlines, and the handling of import and export cargo. The company's segments include passengers, freight, mail, handling, and others. It operates domestic flights and flies to Africa, the Middle East, Asia, America, and Europe. The company is engaged in four business segments: Passenger, Freight and Mail, Handling, and Other revenue. Key revenue is generated from the Passenger segment.
64GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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