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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.
HAV Group ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -0.25%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for HAV Group ASA's 3-Year ROIIC % or its related term are showing as below:
OSL:HAV's 3-Year ROIIC % is ranked worse than 57.14% of 938
companies
in the Transportation industry
Industry Median: 2.005
vs OSL:HAV: -0.25
HAV Group ASA (OSL:HAV) 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.
HAV Group ASA 3-Year ROIIC % Related Terms
HAV Group ASA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for HAV Group ASA'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.
HAV Group ASA 3-Year ROIIC % Competitor Comparison
For the Marine Shipping subindustry, HAV Group ASA'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.
HAV Group ASA 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, HAV Group ASA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where HAV Group ASA's 3-Year ROIIC % falls into.
HAV Group ASA'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**
=
( 0.7874496 (Dec. 2025) - 1.28412 (Dec. 2022) )
/
( 546.074 (Dec. 2025) - 344.802 (Dec. 2022) )
=
-0.4966704
/
201.272
=
-0.25%***
* 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.
HAV Group ASA (OSL:HAV) has a 3-Year ROIIC % of -0.25 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 HAV Group ASA and its competitors. According to the industry distribution chart, HAV Group ASA ranks #536 out of 938 companies in the Transportation industry, placing it in the top 57.1%.
Is HAV Group ASA's 3-Year ROIIC % too high?
HAV Group ASA's current 3-Year ROIIC % is -0.25. Based on the distribution chart, HAV Group ASA ranks #536 out of 938 companies in the Transportation industry, which is below the industry midpoint. Overall, HAV Group ASA has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's 3-Year ROIIC % compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #536 out of 938 companies for 3-Year ROIIC %. This places HAV Group ASA in the lower half of its industry. The industry median 3-Year ROIIC % is 2.01. 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 2.01, based on 938 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 HAV Group ASA and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAV Group ASA's current 3-Year ROIIC % is -0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Fairly Valued. The stock's GF Value™ is kr12.50, compared to a current price of kr13.45 — trading 7.6% above its estimated fair value. The current 3-Year ROIIC % is -0.25. HAV Group ASA's overall GF Score™ is 64/100 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 HAV Group ASA (OSL:HAV), the current 3-Year ROIIC % is -0.25 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 HAV Group ASA (OSL:HAV) Overvalued in 2026?
Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued.
The current stock price of kr13.45 is trading 7.6% above its estimated GF Value™ of kr12.50.
GuruFocus considers HAV Group ASA to be Fairly Valued.
Key valuation signals for OSL:HAV:
3-Year ROIIC %: -0.25
GF Value™: kr12.50 vs. price of kr13.45 (7.6% above fair value)
No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
64GF Score
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