NEL ASANLLSY 79 3-Year ROIIC % is 262.16 as of Dec. 2025. GuruFocus rates NLLSY with a GF Score™ of 79/100 and a GF Value™ of $8.24 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,935 Industrial Products companies, NEL ASA ranks better than 96.97% 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.
NEL ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 262.16%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for NEL ASA's 3-Year ROIIC % or its related term are showing as below:
NLLSY's 3-Year ROIIC % is ranked better than 96.97% of 2935
companies
in the Industrial Products industry
Industry Median: 3.4
vs NLLSY: 262.16
NEL ASA (OTCPK:NLLSY) 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.
NEL ASA 3-Year ROIIC % Related Terms
NEL ASA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for NEL ASA'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 Specialty Industrial Machinery subindustry, NEL ASA'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.
NEL ASA 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NEL ASA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where NEL ASA'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.
NEL ASA (NLLSY) has a 3-Year ROIIC % of 262.16 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 NEL ASA and its competitors. According to the industry distribution chart, NEL ASA ranks #89 out of 2935 companies in the Industrial Products industry, placing it in the top 3%.
Is NEL ASA's 3-Year ROIIC % too high?
NEL ASA's current 3-Year ROIIC % is 262.16. The Industrial Products industry median 3-Year ROIIC % is 3.40. NEL ASA's value of 262.16 is 7610.6% above this industry median. Based on the distribution chart, NEL ASA ranks #89 out of 2935 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, NEL ASA has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NEL ASA's 3-Year ROIIC % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, NEL ASA ranks #89 out of 2935 companies for 3-Year ROIIC %. This places NEL ASA in the top 3% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.40. NEL ASA's value of 262.16 is 7610.6% above this benchmark. 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 Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.40, based on 2,935 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. NEL ASA's current 3-Year ROIIC % of 262.16 is 7610.6% 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 NEL ASA and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEL ASA's current 3-Year ROIIC % is 262.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEL ASA stock overvalued right now?
Based on GuruFocus' analysis, NEL ASA (NLLSY) is currently considered Fairly Valued. The stock's GF Value™ is $8.24, compared to a current price of $7.67 — trading 6.9% below its estimated fair value. The current 3-Year ROIIC % is 262.16 and 7610.6% above the Industrial Products industry median of 3.40. NEL ASA's overall GF Score™ is 79/100 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 NEL ASA (NLLSY), the current 3-Year ROIIC % is 262.16 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 NEL ASA (NLLSY) Overvalued in 2026?
Based on GuruFocus' analysis, NEL ASA stock appears to be undervalued.
The current stock price of $7.67 is trading 6.9% below its estimated GF Value™ of $8.24.
GuruFocus considers NEL ASA to be Fairly Valued.
Key valuation signals for NLLSY:
3-Year ROIIC %: 262.16
GF Value™: $8.24 vs. price of $7.67 (6.9% below fair value)
Industry Position: 7610.6% above the Industrial Products median (#89 of 2935)
No single metric tells the full story. See the NLLSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NEL ASA is a hydrogen company delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Nel Alkaline Electrolyser and Nel PEM Electrolyser. It generates maximum revenue from the Nel Alkaline Electrolyser. Nel Alkaline Electrolyser is a supplier of hydrogen production equipment based on alkaline water electrolysis technology.
79GF Score
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