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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.
IPAS Indexo's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -2.97%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for IPAS Indexo's 3-Year ROIIC % or its related term are showing as below:
ORSE:IDX1R's 3-Year ROIIC % is ranked worse than 65.4% of 656
companies
in the Asset Management industry
Industry Median: 1.845
vs ORSE:IDX1R: -2.97
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.
IPAS Indexo 3-Year ROIIC % Related Terms
IPAS Indexo 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for IPAS Indexo'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.
ORSE:IDX1R vs BLK, BX, KKR: 3-Year ROIIC % Comparison
For the Asset Management subindustry, IPAS Indexo'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.
IPAS Indexo 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, IPAS Indexo's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where IPAS Indexo's 3-Year ROIIC % falls into.
IPAS Indexo'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**
=
( -8.733 (Dec. 2025) - -1.251 (Dec. 2022) )
/
( 253.192 (Dec. 2025) - 1.517 (Dec. 2022) )
=
-7.482
/
251.675
=
-2.97%***
* 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.
IPAS Indexo (ORSE:IDX1R) has a 3-Year ROIIC % of -2.97 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 IPAS Indexo and its competitors. According to the industry distribution chart, IPAS Indexo ranks #429 out of 656 companies in the Asset Management industry, placing it in the top 65.4%.
Is IPAS Indexo's 3-Year ROIIC % too high?
IPAS Indexo's current 3-Year ROIIC % is -2.97. Based on the distribution chart, IPAS Indexo ranks #429 out of 656 companies in the Asset Management industry, which is below the industry midpoint. Overall, IPAS Indexo has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IPAS Indexo's 3-Year ROIIC % compare to BLK and BX?
According to the Asset Management industry distribution chart, IPAS Indexo ranks #429 out of 656 companies for 3-Year ROIIC %. This places IPAS Indexo in the lower half of its industry. The industry median 3-Year ROIIC % is 1.85. 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 an Asset Management company?
The median 3-Year ROIIC % among Asset Management companies is 1.85, based on 656 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. 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 IPAS Indexo and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPAS Indexo's current 3-Year ROIIC % is -2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPAS Indexo stock overvalued right now?
Based on GuruFocus' analysis, IPAS Indexo (ORSE:IDX1R) is currently considered Possible Value Trap. The stock's GF Value™ is €15.31, compared to a current price of €9.30 — trading 39.3% below its estimated fair value. The current 3-Year ROIIC % is -2.97. IPAS Indexo's overall GF Score™ is 71/100 with 8 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 IPAS Indexo (ORSE:IDX1R), the current 3-Year ROIIC % is -2.97 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 IPAS Indexo (ORSE:IDX1R) Overvalued in 2026?
Based on GuruFocus' analysis, IPAS Indexo stock appears to be undervalued.
The current stock price of €9.30 is trading 39.3% below its estimated GF Value™ of €15.31.
GuruFocus considers IPAS Indexo to be Possible Value Trap.
Key valuation signals for ORSE:IDX1R:
3-Year ROIIC %: -2.97
GF Value™: €15.31 vs. price of €9.30 (39.3% below fair value)
No single metric tells the full story. See the ORSE:IDX1R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPAS Indexo is a licensed investment management company. Along with its subsidiaries, it operates in the following segments: Asset management, Bank development, and Non-bank lending. Maximum revenue is generated from the Asset Management segment, which includes management of the assets of state-funded pension scheme investment plans and private pension scheme investment plans. The Bank development segment represents the income generated from the provision of various banking services (including accepting deposits, granting loans, offering payment solutions, issuing credit cards, etc.) by its banking subsidiary, and the Non-bank lending represents its non-bank lending activities. Geographically, the group's maximum revenue is generated from Latvia, and rest from the European Economic Area.
71GF Score
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