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One97 CommunicationsNSE:PAYTM +0.79%72 3-Year ROIIC % is 41.37 as of Mar. 2026, which is 38% above its 10-year median of 30.08. GuruFocus rates NSE:PAYTM with a GF Score™ of 72/100 and a GF Value™ of ₹989.82 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,623 Software companies, One97 Communications ranks better than 78.65% 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.
One97 Communications's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 41.37%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for One97 Communications's 3-Year ROIIC % or its related term are showing as below:
NSE:PAYTM's 3-Year ROIIC % is ranked better than 78.65% of 2623
companies
in the Software industry
Industry Median: 5.33
vs NSE:PAYTM: 41.37
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.
One97 Communications 3-Year ROIIC % Related Terms
One97 Communications 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for One97 Communications'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:PAYTM vs MSFT, ORCL, PLTR: 3-Year ROIIC % Comparison
For the Software - Infrastructure subindustry, One97 Communications'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.
One97 Communications 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, One97 Communications's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where One97 Communications's 3-Year ROIIC % falls into.
One97 Communications'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**
=
( -398.37 (Mar. 2026) - -20913 (Mar. 2023) )
/
( 112810 (Mar. 2026) - 63226 (Mar. 2023) )
=
20514.63
/
49584
=
41.37%***
* 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.
One97 Communications (NSE:PAYTM) has a 3-Year ROIIC % of 41.37 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 One97 Communications and its competitors. This is 38% above median its historical median of 30.08. According to the industry distribution chart, One97 Communications ranks #560 out of 2623 companies in the Software industry, placing it in the top 21.3%.
Is One97 Communications' 3-Year ROIIC % too high?
One97 Communications' current 3-Year ROIIC % of 41.37 is 38% above median its 10-year median of 30.08. The Software industry median 3-Year ROIIC % is 5.33. One97 Communications' value of 41.37 is 676.2% above this industry median. Based on the distribution chart, One97 Communications ranks #560 out of 2623 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, One97 Communications has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does One97 Communications' 3-Year ROIIC % compare to MSFT and ORCL?
According to the Software industry distribution chart, One97 Communications ranks #560 out of 2623 companies for 3-Year ROIIC %. This places One97 Communications in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 5.33. One97 Communications' value of 41.37 is 676.2% above this benchmark. While the company's 10-year median is 30.08 vs. the industry median of 5.33, One97 Communications 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 5.33, 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. One97 Communications's current 3-Year ROIIC % of 41.37 is 676.2% 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 One97 Communications and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One97 Communications's current 3-Year ROIIC % is 41.37, which is 38% above median its own 10-year median of 30.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One97 Communications stock overvalued right now?
Based on GuruFocus' analysis, One97 Communications (NSE:PAYTM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹989.82, compared to a current price of ₹1,343.00 — trading 35.7% above its estimated fair value. The current 3-Year ROIIC % is 41.37, which is 38% above median its 10-year median of 30.08 and 676.2% above the Software industry median of 5.33. One97 Communications' overall GF Score™ is 72/100 with 3 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 One97 Communications (NSE:PAYTM), the current 3-Year ROIIC % is 41.37 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 One97 Communications (NSE:PAYTM) Overvalued in 2026?
Based on GuruFocus' analysis, One97 Communications stock appears to be overvalued.
The current stock price of ₹1,343.00 is trading 35.7% above its estimated GF Value™ of ₹989.82.
GuruFocus considers One97 Communications to be Significantly Overvalued.
Key valuation signals for NSE:PAYTM:
3-Year ROIIC %: 41.37 (38% above median its 10-year median of 30.08)
GF Value™: ₹989.82 vs. price of ₹1,343.00 (35.7% above fair value)
Industry Position: 676.2% above the Software median (#560 of 2623)
No single metric tells the full story. See the NSE:PAYTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
One97 Communications Ltd is a digital ecosystem for consumers and merchants. The company is in the business of providing a) payment and financial services which mainly include payment facilitator services, facilitation of consumer and merchant loan distribution to consumers and merchants, wealth management, etc. b) marketing services which consist of aggregator for digital products, ticketing business, providing voice and messaging platforms to the telecom operators and enterprise customers and other businesses. The group generates the majority of its revenue from customers domiciled in India.
72GF Score
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