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Black BoxNSE:BBOX -3.12%72 3-Year ROIIC % is 34.24 as of Mar. 2026, which is 31% above its 10-year median of 26.14. GuruFocus rates NSE:BBOX with a GF Score™ of 72/100 and a GF Value™ of ₹504.51 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,623 Software companies, Black Box ranks better than 76.21% 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.
Black Box's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 34.24%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Black Box's 3-Year ROIIC % or its related term are showing as below:
NSE:BBOX's 3-Year ROIIC % is ranked better than 76.21% of 2623
companies
in the Software industry
Industry Median: 5.36
vs NSE:BBOX: 34.24
Black Box (NSE:BBOX) 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.
Black Box 3-Year ROIIC % Related Terms
Black Box 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Black Box'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.
NSE:BBOX vs UBER, SHOP, CRM: 3-Year ROIIC % Comparison
For the Software - Application subindustry, Black Box'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.
Black Box 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, Black Box's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Black Box'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.
Black Box (NSE:BBOX) has a 3-Year ROIIC % of 34.24 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Black Box and its competitors. This is 31% above median its historical median of 26.14. According to the industry distribution chart, Black Box ranks #624 out of 2623 companies in the Software industry, placing it in the top 23.8%.
Is Black Box's 3-Year ROIIC % too high?
Black Box's current 3-Year ROIIC % of 34.24 is 31% above median its 10-year median of 26.14. The Software industry median 3-Year ROIIC % is 5.36. Black Box's value of 34.24 is 538.8% above this industry median. Based on the distribution chart, Black Box ranks #624 out of 2623 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Black Box has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Black Box's 3-Year ROIIC % compare to UBER and SHOP?
According to the Software industry distribution chart, Black Box ranks #624 out of 2623 companies for 3-Year ROIIC %. This places Black Box in the top 24% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 5.36. Black Box's value of 34.24 is 538.8% above this benchmark. While the company's 10-year median is 26.14 vs. the industry median of 5.36, Black Box 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 a Software company?
The median 3-Year ROIIC % among Software companies is 5.36, based on 2,623 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. Black Box's current 3-Year ROIIC % of 34.24 is 538.8% 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 Black Box and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Box's current 3-Year ROIIC % is 34.24, which is 31% above median its own 10-year median of 26.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Box stock overvalued right now?
Based on GuruFocus' analysis, Black Box (NSE:BBOX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹504.51, compared to a current price of ₹780.90 — trading 54.8% above its estimated fair value. The current 3-Year ROIIC % is 34.24, which is 31% above median its 10-year median of 26.14 and 538.8% above the Software industry median of 5.36. Black Box's overall GF Score™ is 72/100 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 Black Box (NSE:BBOX), the current 3-Year ROIIC % is 34.24 as of Mar. 2026. 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 Black Box (NSE:BBOX) Overvalued in 2026?
Based on GuruFocus' analysis, Black Box stock appears to be overvalued.
The current stock price of ₹780.90 is trading 54.8% above its estimated GF Value™ of ₹504.51.
GuruFocus considers Black Box to be Significantly Overvalued.
Key valuation signals for NSE:BBOX:
3-Year ROIIC %: 34.24 (31% above median its 10-year median of 26.14)
GF Value™: ₹504.51 vs. price of ₹780.90 (54.8% above fair value)
Industry Position: 538.8% above the Software median (#624 of 2623)
No single metric tells the full story. See the NSE:BBOX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Box Ltd along with its subsidiaries provides information, communications technology solutions provider, and an integrator that delivers technology-based solutions across world markets and verticals with a spectrum of applications and services. The company's operating segments are Global System Integration (GSI); Technology Product Solution (TPS) and Others comprising of training and consulting services. It generates maximum revenue from the System Integration (SI) segment. The company exports its product to the Middle East/Africa, North America, Australia, New Zealand, Singapore, and Europe. Its solution line consists of unified communications, network infrastructure, data center, cyber security (CYBER-i), and digital transformation and applications.
72GF Score
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