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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.
TVS Motor Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 6.83%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TVS Motor Co's 3-Year ROIIC % or its related term are showing as below:
NSE:TVSMOTOR's 3-Year ROIIC % is ranked better than 54.5% of 1255
companies
in the Vehicles & Parts industry
Industry Median: 4.34
vs NSE:TVSMOTOR: 6.83
TVS Motor Co (NSE:TVSMOTOR) 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.
TVS Motor Co 3-Year ROIIC % Related Terms
TVS Motor Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for TVS Motor Co'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:TVSMOTOR vs TSLA, GM, F: 3-Year ROIIC % Comparison
For the Auto Manufacturers subindustry, TVS Motor Co'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.
TVS Motor Co 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, TVS Motor Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TVS Motor Co'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.
TVS Motor Co (NSE:TVSMOTOR) has a 3-Year ROIIC % of 6.83 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 TVS Motor Co and its competitors. According to the industry distribution chart, TVS Motor Co ranks #571 out of 1255 companies in the Vehicles & Parts industry, placing it in the top 45.5%.
Is TVS Motor Co's 3-Year ROIIC % too high?
TVS Motor Co's current 3-Year ROIIC % is 6.83. The Vehicles & Parts industry median 3-Year ROIIC % is 4.34. TVS Motor Co's value of 6.83 is 57.4% above this industry median. Based on the distribution chart, TVS Motor Co ranks #571 out of 1255 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, TVS Motor Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TVS Motor Co's 3-Year ROIIC % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, TVS Motor Co ranks #571 out of 1255 companies for 3-Year ROIIC %. This puts TVS Motor Co in the upper half of its industry. The industry median 3-Year ROIIC % is 4.34. TVS Motor Co's value of 6.83 is 57.4% 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 a Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.34, based on 1,255 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. TVS Motor Co's current 3-Year ROIIC % of 6.83 is 57.4% 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 TVS Motor Co and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TVS Motor Co's current 3-Year ROIIC % is 6.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TVS Motor Co stock overvalued right now?
Based on GuruFocus' analysis, TVS Motor Co (NSE:TVSMOTOR) is currently considered Fairly Valued. The stock's GF Value™ is ₹4,258.53, compared to a current price of ₹4,133.10 — trading 2.9% below its estimated fair value. The current 3-Year ROIIC % is 6.83 and 57.4% above the Vehicles & Parts industry median of 4.34. TVS Motor Co's overall GF Score™ is 88/100 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 TVS Motor Co (NSE:TVSMOTOR), the current 3-Year ROIIC % is 6.83 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 TVS Motor Co (NSE:TVSMOTOR) Overvalued in 2026?
Based on GuruFocus' analysis, TVS Motor Co stock appears to be undervalued.
The current stock price of ₹4,133.10 is trading 2.9% below its estimated GF Value™ of ₹4,258.53.
GuruFocus considers TVS Motor Co to be Fairly Valued.
Key valuation signals for NSE:TVSMOTOR:
3-Year ROIIC %: 6.83
GF Value™: ₹4,258.53 vs. price of ₹4,133.10 (2.9% below fair value)
Industry Position: 57.4% above the Vehicles & Parts median (#571 of 1255)
No single metric tells the full story. See the NSE:TVSMOTOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TVS Motor Co Ltd is an Indian automobile manufacturing company focused on the production of two-wheeled vehicles. The company principally manufactures motorcycles, scooters, mopeds, three-wheelers, and related spare parts and accessories. The company's reportable segments are Automotive vehicles and parts, Automotive Components, Financial Services, and Others. The company generates a majority of its revenue from the Automotive vehicles and parts segment. Geographically, the company derives its key revenue from India and the rest from other countries through exports.
88GF Score
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