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Pallas AirOHEL:PALLAS 47 3-Year ROIIC % is 44.54 as of Dec. 2025. GuruFocus rates OHEL:PALLAS with a GF Score™ of 47/100 and a GF Value™ of €1.09 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 2,369 Hardware companies, Pallas Air ranks better than 82.82% 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.
Pallas Air's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 44.54%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Pallas Air's 3-Year ROIIC % or its related term are showing as below:
OHEL:PALLAS's 3-Year ROIIC % is ranked better than 82.82% of 2369
companies
in the Hardware industry
Industry Median: 2.35
vs OHEL:PALLAS: 44.54
Pallas Air (OHEL:PALLAS) 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.
Pallas Air 3-Year ROIIC % Related Terms
Pallas Air 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Pallas Air'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 Consumer Electronics subindustry, Pallas Air'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.
Pallas Air 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Pallas Air's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Pallas Air's 3-Year ROIIC % falls into.
Pallas Air's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -9.6039936 (Dec. 2025) - -6.313 (Dec. 2022) )
/
( 10.222 (Dec. 2025) - 17.611 (Dec. 2022) )
=
-3.2909936
/
-7.389
=
44.54%***
* 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.
Pallas Air (OHEL:PALLAS) has a 3-Year ROIIC % of 44.54 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Pallas Air and its competitors. According to the industry distribution chart, Pallas Air ranks #407 out of 2369 companies in the Hardware industry, placing it in the top 17.2%.
Is Pallas Air's 3-Year ROIIC % too high?
Pallas Air's current 3-Year ROIIC % is 44.54. The Hardware industry median 3-Year ROIIC % is 2.35. Pallas Air's value of 44.54 is 1795.3% above this industry median. Based on the distribution chart, Pallas Air ranks #407 out of 2369 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Pallas Air has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pallas Air's 3-Year ROIIC % compare to AAPL?
According to the Hardware industry distribution chart, Pallas Air ranks #407 out of 2369 companies for 3-Year ROIIC %. This places Pallas Air in the top 17% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.35. Pallas Air's value of 44.54 is 1795.3% 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.35, based on 2,369 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. Pallas Air's current 3-Year ROIIC % of 44.54 is 1795.3% 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 Pallas Air and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pallas Air's current 3-Year ROIIC % is 44.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pallas Air stock overvalued right now?
Based on GuruFocus' analysis, Pallas Air (OHEL:PALLAS) is currently considered Possible Value Trap. The stock's GF Value™ is €1.09, compared to a current price of €0.55 — trading 49.5% below its estimated fair value. The current 3-Year ROIIC % is 44.54 and 1795.3% above the Hardware industry median of 2.35. Pallas Air's overall GF Score™ is 47/100 with 9 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 Pallas Air (OHEL:PALLAS), the current 3-Year ROIIC % is 44.54 as of Dec. 2025. 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 Pallas Air (OHEL:PALLAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pallas Air stock appears to be undervalued.
The current stock price of €0.55 is trading 49.5% below its estimated GF Value™ of €1.09.
GuruFocus considers Pallas Air to be Possible Value Trap.
Key valuation signals for OHEL:PALLAS:
3-Year ROIIC %: 44.54
GF Value™: €1.09 vs. price of €0.55 (49.5% below fair value)
Industry Position: 1795.3% above the Hardware median (#407 of 2369)
No single metric tells the full story. See the OHEL:PALLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pallas Air PLC is a Finnish technology company offering clean breathing air solutions. It is engaged in the development and manufacturing of various types of products that enable cleaner and healthier breathing air. The company's business is divided into three primary areas: air purifiers, respirators and surgical mouthguards, and ventilation hygiene products.
47GF Score
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