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.
Northern CapSek Ventures AB (publ)'s 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 286.70%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
NGM:CAPS's 3-Year ROIIC % is ranked better than 96.02% of 654
companies
in the Asset Management industry
Industry Median: 2.15
vs NGM:CAPS: 286.70
Northern CapSek Ventures AB (publ) (NGM:CAPS) 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.
Northern CapSek Ventures AB (publ) 3-Year ROIIC % Related Terms
Northern CapSek Ventures AB (publ) 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.
Northern CapSek Ventures AB (publ) 3-Year ROIIC % Chart
NGM:CAPS vs BLK, BX, KKR: 3-Year ROIIC % Comparison
For the Asset Management subindustry, Northern CapSek Ventures AB (publ)'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.
Northern CapSek Ventures AB (publ) 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern CapSek Ventures AB (publ)'s 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Northern CapSek Ventures AB (publ)'s 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -8.79 (Dec. 2025) - -20.003 (Dec. 2022) )
/
( 42.136 (Dec. 2025) - 38.225 (Dec. 2022) )
=
11.213
/
3.911
=
286.70%***
* 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.
Northern CapSek Ventures AB (publ) (NGM:CAPS) has a 3-Year ROIIC % of 286.70 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 Northern CapSek Ventures AB (publ) and its competitors. This is 82% above median its historical median of 157.30. According to the industry distribution chart, Northern CapSek Ventures AB (publ) ranks #26 out of 654 companies in the Asset Management industry, placing it in the top 4%.
Is Northern CapSek Ventures AB (publ)'s 3-Year ROIIC % too high?
Northern CapSek Ventures AB (publ)'s current 3-Year ROIIC % of 286.70 is 82% above median its 10-year median of 157.30. The Asset Management industry median 3-Year ROIIC % is 2.15. Northern CapSek Ventures AB (publ)'s value of 286.70 is 13234.9% above this industry median. Based on the distribution chart, Northern CapSek Ventures AB (publ) ranks #26 out of 654 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Northern CapSek Ventures AB (publ) has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northern CapSek Ventures AB (publ)'s 3-Year ROIIC % compare to BLK and BX?
According to the Asset Management industry distribution chart, Northern CapSek Ventures AB (publ) ranks #26 out of 654 companies for 3-Year ROIIC %. This places Northern CapSek Ventures AB (publ) in the top 4% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.15. Northern CapSek Ventures AB (publ)'s value of 286.70 is 13234.9% above this benchmark. While the company's 10-year median is 157.30 vs. the industry median of 2.15, Northern CapSek Ventures AB (publ) 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 2.15, based on 654 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. Northern CapSek Ventures AB (publ)'s current 3-Year ROIIC % of 286.70 is 13234.9% 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 Northern CapSek Ventures AB (publ) and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern CapSek Ventures AB (publ)'s current 3-Year ROIIC % is 286.70, which is 82% above median its own 10-year median of 157.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern CapSek Ventures AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, Northern CapSek Ventures AB (publ) (NGM:CAPS) is currently considered Possible Value Trap. The stock's GF Value™ is kr29.13, compared to a current price of kr7.90 — trading 72.9% below its estimated fair value. The current 3-Year ROIIC % is 286.70, which is 82% above median its 10-year median of 157.30 and 13234.9% above the Asset Management industry median of 2.15. Northern CapSek Ventures AB (publ)'s overall GF Score™ is 47/100 with 3 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 Northern CapSek Ventures AB (publ) (NGM:CAPS), the current 3-Year ROIIC % is 286.70 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 Northern CapSek Ventures AB (publ) (NGM:CAPS) Overvalued in 2026?
Based on GuruFocus' analysis, Northern CapSek Ventures AB (publ) stock appears to be undervalued.
The current stock price of kr7.90 is trading 72.9% below its estimated GF Value™ of kr29.13.
GuruFocus considers Northern CapSek Ventures AB (publ) to be Possible Value Trap.
Key valuation signals for NGM:CAPS:
3-Year ROIIC %: 286.70 (82% above median its 10-year median of 157.30)
GF Value™: kr29.13 vs. price of kr7.90 (72.9% below fair value)
Industry Position: 13234.9% above the Asset Management median (#26 of 654)
No single metric tells the full story. See the NGM:CAPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern CapSek Ventures AB (publ) Business Description
Northern CapSek Ventures AB (publ) is an investment company. The firm invests in growth companies with scalable business models and specializes in sectors driving digital transformation, including Software as a Service (SaaS), Internet of Things (IoT), AI/Machine Learning, and gaming.
47GF Score
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