NextNXGPF 89 3-Year ROIIC % is 18.42 as of Jan. 2026, which is 310% above its 10-year median of 4.49. GuruFocus rates NXGPF with a GF Score™ of 89/100 and a GF Value™ of $173.47 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,053 Retail - Cyclical companies, Next ranks better than 69.9% 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.
Next's 3-Year ROIIC % for the quarter that ended in Jan. 2026 was 18.42%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Next's 3-Year ROIIC % or its related term are showing as below:
NXGPF's 3-Year ROIIC % is ranked better than 69.9% of 1053
companies
in the Retail - Cyclical industry
Industry Median: 4.82
vs NXGPF: 18.42
Next (OTCPK:NXGPF) 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.
Next 3-Year ROIIC % Related Terms
Next 3-Year ROIIC % Historical Data
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The historical data trend for Next'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.
NXGPF vs TJX, ROST, BURL: 3-Year ROIIC % Comparison
For the Apparel Retail subindustry, Next'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.
Next 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Next'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.
Next (NXGPF) has a 3-Year ROIIC % of 18.42 as of Jan. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Next and its competitors. This is 310% above median its historical median of 4.49. According to the industry distribution chart, Next ranks #317 out of 1053 companies in the Retail - Cyclical industry, placing it in the top 30.1%.
Is Next's 3-Year ROIIC % too high?
Next's current 3-Year ROIIC % of 18.42 is 310% above median its 10-year median of 4.49. The Retail - Cyclical industry median 3-Year ROIIC % is 4.82. Next's value of 18.42 is 282.2% above this industry median. Based on the distribution chart, Next ranks #317 out of 1053 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Next has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's 3-Year ROIIC % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #317 out of 1053 companies for 3-Year ROIIC %. This puts Next in the upper half of its industry. The industry median 3-Year ROIIC % is 4.82. Next's value of 18.42 is 282.2% above this benchmark. While the company's 10-year median is 4.49 vs. the industry median of 4.82, Next 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.82, based on 1,053 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. Next's current 3-Year ROIIC % of 18.42 is 282.2% 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 Next and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current 3-Year ROIIC % is 18.42, which is 310% above median its own 10-year median of 4.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $173.47, compared to a current price of $197.60 — trading 13.9% above its estimated fair value. The current 3-Year ROIIC % is 18.42, which is 310% above median its 10-year median of 4.49 and 282.2% above the Retail - Cyclical industry median of 4.82. Next's overall GF Score™ is 89/100 with 2 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 Next (NXGPF), the current 3-Year ROIIC % is 18.42 as of Jan. 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 Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $197.60 is trading 13.9% above its estimated GF Value™ of $173.47.
GuruFocus considers Next to be Modestly Overvalued.
Key valuation signals for NXGPF:
3-Year ROIIC %: 18.42 (310% above median its 10-year median of 4.49)
GF Value™: $173.47 vs. price of $197.60 (13.9% above fair value)
Industry Position: 282.2% above the Retail - Cyclical median (#317 of 1053)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
89GF Score
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