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Vodafone IdeaNSE:IDEA -1.16%39 3-Year ROIIC % is -12.24 as of Mar. 2026. GuruFocus rates NSE:IDEA with a GF Score™ of 39/100 and a GF Value™ of ₹5.61 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 350 Telecommunication Services companies, Vodafone Idea ranks worse than 73.43% 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.
Vodafone Idea's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -12.24%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Vodafone Idea's 3-Year ROIIC % or its related term are showing as below:
NSE:IDEA's 3-Year ROIIC % is ranked worse than 73.43% of 350
companies
in the Telecommunication Services industry
Industry Median: 1.79
vs NSE:IDEA: -12.24
Vodafone Idea (NSE:IDEA) 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.
Vodafone Idea 3-Year ROIIC % Related Terms
Vodafone Idea 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Vodafone Idea'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:IDEA vs TMUS, VZ, T: 3-Year ROIIC % Comparison
For the Telecom Services subindustry, Vodafone Idea'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.
Vodafone Idea 3-Year ROIIC % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Vodafone Idea's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Vodafone Idea's 3-Year ROIIC % falls into.
Vodafone Idea's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -31050 (Mar. 2026) - -61799 (Mar. 2023) )
/
( 2003660 (Mar. 2026) - 2254942 (Mar. 2023) )
=
30749
/
-251282
=
-12.24%***
* 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.
Vodafone Idea (NSE:IDEA) has a 3-Year ROIIC % of -12.24 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 Vodafone Idea and its competitors. According to the industry distribution chart, Vodafone Idea ranks #257 out of 350 companies in the Telecommunication Services industry, placing it in the top 73.4%.
Is Vodafone Idea's 3-Year ROIIC % too high?
Vodafone Idea's current 3-Year ROIIC % is -12.24. Based on the distribution chart, Vodafone Idea ranks #257 out of 350 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Vodafone Idea has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vodafone Idea's 3-Year ROIIC % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Vodafone Idea ranks #257 out of 350 companies for 3-Year ROIIC %. This places Vodafone Idea in the lower half of its industry. The industry median 3-Year ROIIC % is 1.79. 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 Telecommunication Services company?
The median 3-Year ROIIC % among Telecommunication Services companies is 1.79, based on 350 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 Vodafone Idea and its competitors. For the Telecommunication Services industry, the median 3-Year ROIIC % is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodafone Idea's current 3-Year ROIIC % is -12.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodafone Idea stock overvalued right now?
Based on GuruFocus' analysis, Vodafone Idea (NSE:IDEA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹5.61, compared to a current price of ₹13.67 — trading 143.7% above its estimated fair value. The current 3-Year ROIIC % is -12.24. Vodafone Idea's overall GF Score™ is 39/100 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 Vodafone Idea (NSE:IDEA), the current 3-Year ROIIC % is -12.24 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 Vodafone Idea (NSE:IDEA) Overvalued in 2026?
Based on GuruFocus' analysis, Vodafone Idea stock appears to be overvalued.
The current stock price of ₹13.67 is trading 143.7% above its estimated GF Value™ of ₹5.61.
GuruFocus considers Vodafone Idea to be Significantly Overvalued.
Key valuation signals for NSE:IDEA:
3-Year ROIIC %: -12.24
GF Value™: ₹5.61 vs. price of ₹13.67 (143.7% above fair value)
No single metric tells the full story. See the NSE:IDEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vodafone Idea Ltd is a telecommunications company that provides mobile services and operates under one segment namely Mobility services. Mobility services generates revenue from mobile services and constitutes the majority of overall company revenue. The company owns telecommunications infrastructure, such as fiber networks and mobile towers. The company generates the vast majority of its revenue in India.
39GF Score
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