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InterGlobe AviationNSE:INDIGO -0.93%84 3-Year ROIIC % is 10.21 as of Mar. 2026, which is 33% below its 10-year median of 15.22. GuruFocus rates NSE:INDIGO with a GF Score™ of 84/100 and a GF Value™ of ₹5,531.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 938 Transportation companies, InterGlobe Aviation ranks better than 66.95% 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.
InterGlobe Aviation's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 10.21%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for InterGlobe Aviation's 3-Year ROIIC % or its related term are showing as below:
NSE:INDIGO's 3-Year ROIIC % is ranked better than 66.95% of 938
companies
in the Transportation industry
Industry Median: 1.96
vs NSE:INDIGO: 10.21
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.
InterGlobe Aviation 3-Year ROIIC % Related Terms
InterGlobe Aviation 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for InterGlobe Aviation'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:INDIGO vs DAL, UAL, LUV: 3-Year ROIIC % Comparison
For the Airlines subindustry, InterGlobe Aviation'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.
InterGlobe Aviation 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, InterGlobe Aviation's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where InterGlobe Aviation's 3-Year ROIIC % falls into.
InterGlobe Aviation'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**
=
( 102826 (Mar. 2026) - 44237.6 (Mar. 2023) )
/
( 1106317 (Mar. 2026) - 532327.62 (Mar. 2023) )
=
58588.4
/
573989.38
=
10.21%***
* 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.
InterGlobe Aviation (NSE:INDIGO) has a 3-Year ROIIC % of 10.21 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 InterGlobe Aviation and its competitors. This is 33% below median its historical median of 15.22. According to the industry distribution chart, InterGlobe Aviation ranks #310 out of 938 companies in the Transportation industry, placing it in the top 33%.
Is InterGlobe Aviation's 3-Year ROIIC % too high?
InterGlobe Aviation's current 3-Year ROIIC % of 10.21 is 33% below median its 10-year median of 15.22. The Transportation industry median 3-Year ROIIC % is 1.96. InterGlobe Aviation's value of 10.21 is 420.9% above this industry median. Based on the distribution chart, InterGlobe Aviation ranks #310 out of 938 companies in the Transportation industry, which is above the industry midpoint. Overall, InterGlobe Aviation has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does InterGlobe Aviation's 3-Year ROIIC % compare to DAL and UAL?
According to the Transportation industry distribution chart, InterGlobe Aviation ranks #310 out of 938 companies for 3-Year ROIIC %. This puts InterGlobe Aviation in the upper half of its industry. The industry median 3-Year ROIIC % is 1.96. InterGlobe Aviation's value of 10.21 is 420.9% above this benchmark. While the company's 10-year median is 15.22 vs. the industry median of 1.96, InterGlobe Aviation 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.96, based on 938 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. InterGlobe Aviation's current 3-Year ROIIC % of 10.21 is 420.9% 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 InterGlobe Aviation and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InterGlobe Aviation's current 3-Year ROIIC % is 10.21, which is 33% below median its own 10-year median of 15.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InterGlobe Aviation stock overvalued right now?
Based on GuruFocus' analysis, InterGlobe Aviation (NSE:INDIGO) is currently considered Fairly Valued. The stock's GF Value™ is ₹5,531.73, compared to a current price of ₹5,284.00 — trading 4.5% below its estimated fair value. The current 3-Year ROIIC % is 10.21, which is 33% below median its 10-year median of 15.22 and 420.9% above the Transportation industry median of 1.96. InterGlobe Aviation's overall GF Score™ is 84/100 with 4 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 InterGlobe Aviation (NSE:INDIGO), the current 3-Year ROIIC % is 10.21 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 InterGlobe Aviation (NSE:INDIGO) Overvalued in 2026?
Based on GuruFocus' analysis, InterGlobe Aviation stock appears to be undervalued.
The current stock price of ₹5,284.00 is trading 4.5% below its estimated GF Value™ of ₹5,531.73.
GuruFocus considers InterGlobe Aviation to be Fairly Valued.
Key valuation signals for NSE:INDIGO:
3-Year ROIIC %: 10.21 (33% below median its 10-year median of 15.22)
GF Value™: ₹5,531.73 vs. price of ₹5,284.00 (4.5% below fair value)
Industry Position: 420.9% above the Transportation median (#310 of 938)
No single metric tells the full story. See the NSE:INDIGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
InterGlobe Aviation Ltd is an airline service provider based in India. The company serves as a low-cost carrier through its Indigo brand. The company caters to its customers through an official website and the IndigoGo App, enabling them to book airline tickets and travel packages. The segments of the company are Air transportation services and Other income. The company earns its revenue predominantly through passenger ticket sales of the domestic airline operation.
84GF Score
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