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United BreweriesNSE:UBL -1.20%78 3-Year ROIIC % is 2.79 as of Mar. 2026, which is 89% below its 10-year median of 26.53. GuruFocus rates NSE:UBL with a GF Score™ of 78/100 and a GF Value™ of ₹2,179.25 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 197 Beverages - Alcoholic companies, United Breweries ranks better than 54.31% 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.
United Breweries's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 2.79%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for United Breweries's 3-Year ROIIC % or its related term are showing as below:
NSE:UBL's 3-Year ROIIC % is ranked better than 54.31% of 197
companies
in the Beverages - Alcoholic industry
Industry Median: 0.81
vs NSE:UBL: 2.79
United Breweries (NSE:UBL) 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.
United Breweries 3-Year ROIIC % Related Terms
United Breweries 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for United Breweries'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.
For the Beverages - Brewers subindustry, United Breweries'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.
United Breweries 3-Year ROIIC % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where United Breweries'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.
United Breweries (NSE:UBL) has a 3-Year ROIIC % of 2.79 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 United Breweries and its competitors. This is 89% below median its historical median of 26.53. According to the industry distribution chart, United Breweries ranks #90 out of 197 companies in the Beverages - Alcoholic industry, placing it in the top 45.7%.
Is United Breweries' 3-Year ROIIC % too high?
United Breweries' current 3-Year ROIIC % of 2.79 is 89% below median its 10-year median of 26.53. The Beverages - Alcoholic industry median 3-Year ROIIC % is 0.81. United Breweries' value of 2.79 is 244.4% above this industry median. Based on the distribution chart, United Breweries ranks #90 out of 197 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, United Breweries has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries' 3-Year ROIIC % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, United Breweries ranks #90 out of 197 companies for 3-Year ROIIC %. This puts United Breweries in the upper half of its industry. The industry median 3-Year ROIIC % is 0.81. United Breweries' value of 2.79 is 244.4% above this benchmark. While the company's 10-year median is 26.53 vs. the industry median of 0.81, United Breweries 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 Beverages - Alcoholic company?
The median 3-Year ROIIC % among Beverages - Alcoholic companies is 0.81, based on 197 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. United Breweries's current 3-Year ROIIC % of 2.79 is 244.4% 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 United Breweries and its competitors. For the Beverages - Alcoholic industry, the median 3-Year ROIIC % is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Breweries's current 3-Year ROIIC % is 2.79, which is 89% below median its own 10-year median of 26.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries stock overvalued right now?
Based on GuruFocus' analysis, United Breweries (NSE:UBL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,179.25, compared to a current price of ₹1,418.80 — trading 34.9% below its estimated fair value. The current 3-Year ROIIC % is 2.79, which is 89% below median its 10-year median of 26.53 and 244.4% above the Beverages - Alcoholic industry median of 0.81. United Breweries' overall GF Score™ is 78/100 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 United Breweries (NSE:UBL), the current 3-Year ROIIC % is 2.79 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 United Breweries (NSE:UBL) Overvalued in 2026?
Based on GuruFocus' analysis, United Breweries stock appears to be undervalued.
The current stock price of ₹1,418.80 is trading 34.9% below its estimated GF Value™ of ₹2,179.25.
GuruFocus considers United Breweries to be Significantly Undervalued.
Key valuation signals for NSE:UBL:
3-Year ROIIC %: 2.79 (89% below median its 10-year median of 26.53)
GF Value™: ₹2,179.25 vs. price of ₹1,418.80 (34.9% below fair value)
Industry Position: 244.4% above the Beverages - Alcoholic median (#90 of 197)
No single metric tells the full story. See the NSE:UBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaro, London Pilsner, and Heineken among others. Geographically, it derives key revenue from its business in India and the rest from other regions.
78GF Score
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