NLI HoldingsNL +1.36%67 3-Year ROIIC % is 4.78 as of Dec. 2025, which is 191% above its 10-year median of 1.64. GuruFocus rates NL with a GF Score™ of 67/100 and a GF Value™ of $6.39 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,008 Business Services companies, NLI Holdings ranks worse than 50.5% 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.
NLI Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.78%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for NLI Holdings's 3-Year ROIIC % or its related term are showing as below:
NL's 3-Year ROIIC % is ranked worse than 50.5% of 1008
companies
in the Business Services industry
Industry Median: 4.985
vs NL: 4.78
NLI Holdings (NYSE:NL) 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.
NLI Holdings 3-Year ROIIC % Related Terms
NLI Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for NLI Holdings'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.
For the Security & Protection Services subindustry, NLI Holdings'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.
NLI Holdings 3-Year ROIIC % vs Business Services Industry
For the Business Services industry and Industrials sector, NLI Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where NLI Holdings's 3-Year ROIIC % falls into.
NLI Holdings'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**
=
( 6.558173 (Dec. 2025) - 11.616216 (Dec. 2022) )
/
( 346.665 (Dec. 2025) - 452.433 (Dec. 2022) )
=
-5.058043
/
-105.768
=
4.78%***
* 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.
NLI Holdings (NL) has a 3-Year ROIIC % of 4.78 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 NLI Holdings and its competitors. This is 191% above median its historical median of 1.64. According to the industry distribution chart, NLI Holdings ranks #509 out of 1008 companies in the Business Services industry, placing it in the top 50.5%.
Is NLI Holdings' 3-Year ROIIC % too high?
NLI Holdings' current 3-Year ROIIC % of 4.78 is 191% above median its 10-year median of 1.64. The Business Services industry median 3-Year ROIIC % is 4.99. NLI Holdings' value of 4.78 is 4.1% below this industry median. Based on the distribution chart, NLI Holdings ranks #509 out of 1008 companies in the Business Services industry, which is below the industry midpoint. Overall, NLI Holdings has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NLI Holdings' 3-Year ROIIC % compare to CIX and BAER?
According to the Business Services industry distribution chart, NLI Holdings ranks #509 out of 1008 companies for 3-Year ROIIC %. This places NLI Holdings in the lower half of its industry. The industry median 3-Year ROIIC % is 4.99. NLI Holdings' value of 4.78 is 4.1% below this benchmark. While the company's 10-year median is 1.64 vs. the industry median of 4.99, NLI Holdings has consistently been below 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 Business Services company?
The median 3-Year ROIIC % among Business Services companies is 4.99, based on 1,008 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. NLI Holdings's current 3-Year ROIIC % of 4.78 is 4.1% below 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 NLI Holdings and its competitors. For the Business Services industry, the median 3-Year ROIIC % is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NLI Holdings's current 3-Year ROIIC % is 4.78, which is 191% above median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NLI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NLI Holdings (NL) is currently considered Fairly Valued. The stock's GF Value™ is $6.39, compared to a current price of $5.96 — trading 6.7% below its estimated fair value. The current 3-Year ROIIC % is 4.78, which is 191% above median its 10-year median of 1.64 and 4.1% below the Business Services industry median of 4.99. NLI Holdings' overall GF Score™ is 67/100 with 2 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 NLI Holdings (NL), the current 3-Year ROIIC % is 4.78 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 NLI Holdings (NL) Overvalued in 2026?
Based on GuruFocus' analysis, NLI Holdings stock appears to be undervalued.
The current stock price of $5.96 is trading 6.7% below its estimated GF Value™ of $6.39.
GuruFocus considers NLI Holdings to be Fairly Valued.
Key valuation signals for NL:
3-Year ROIIC %: 4.78 (191% above median its 10-year median of 1.64)
GF Value™: $6.39 vs. price of $5.96 (6.7% below fair value)
Industry Position: 4.1% below the Business Services median (#509 of 1008)
No single metric tells the full story. See the NL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NLI Holdings Inc, formerly known as NL Industries Inc, is a holding company that operates in the component products industry. Through its subsidiary, it manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. It also produces a precision ball bearing slide, security products, and ergonomic computer support systems. The company derives majority of its revenue from Europe.
67GF Score
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