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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.
Havila Kystruten AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -19.69%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Havila Kystruten AS's 3-Year ROIIC % or its related term are showing as below:
OSL:HKY's 3-Year ROIIC % is ranked worse than 75.47% of 791
companies
in the Travel & Leisure industry
Industry Median: 3.99
vs OSL:HKY: -19.69
Havila Kystruten AS (OSL:HKY) 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.
Havila Kystruten AS 3-Year ROIIC % Related Terms
Havila Kystruten AS 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Havila Kystruten AS'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.
OSL:HKY vs BKNG, ABNB, RCL: 3-Year ROIIC % Comparison
For the Travel Services subindustry, Havila Kystruten AS'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.
Havila Kystruten AS 3-Year ROIIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Havila Kystruten AS's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Havila Kystruten AS's 3-Year ROIIC % falls into.
Havila Kystruten AS'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**
=
( 155.265 (Dec. 2025) - -305.612 (Dec. 2022) )
/
( 4426.364 (Dec. 2025) - 6766.557 (Dec. 2022) )
=
460.877
/
-2340.193
=
-19.69%***
* 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.
Havila Kystruten AS (OSL:HKY) has a 3-Year ROIIC % of -19.69 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 Havila Kystruten AS and its competitors. According to the industry distribution chart, Havila Kystruten AS ranks #597 out of 791 companies in the Travel & Leisure industry, placing it in the top 75.5%.
Is Havila Kystruten AS's 3-Year ROIIC % too high?
Havila Kystruten AS's current 3-Year ROIIC % is -19.69. Based on the distribution chart, Havila Kystruten AS ranks #597 out of 791 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Havila Kystruten AS has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Havila Kystruten AS's 3-Year ROIIC % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Havila Kystruten AS ranks #597 out of 791 companies for 3-Year ROIIC %. This places Havila Kystruten AS in the lower half of its industry. The industry median 3-Year ROIIC % is 3.99. 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 Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 3.99, based on 791 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 Havila Kystruten AS and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 3.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Havila Kystruten AS's current 3-Year ROIIC % is -19.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havila Kystruten AS stock overvalued right now?
Based on GuruFocus' analysis, Havila Kystruten AS (OSL:HKY) is currently considered Fairly Valued. The stock's GF Value™ is kr54.66, compared to a current price of kr57.00 — trading 4.3% above its estimated fair value. The current 3-Year ROIIC % is -19.69. Havila Kystruten AS's overall GF Score™ is 52/100 with 6 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 Havila Kystruten AS (OSL:HKY), the current 3-Year ROIIC % is -19.69 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 Havila Kystruten AS (OSL:HKY) Overvalued in 2026?
Based on GuruFocus' analysis, Havila Kystruten AS stock appears to be overvalued.
The current stock price of kr57.00 is trading 4.3% above its estimated GF Value™ of kr54.66.
GuruFocus considers Havila Kystruten AS to be Fairly Valued.
Key valuation signals for OSL:HKY:
3-Year ROIIC %: -19.69
GF Value™: kr54.66 vs. price of kr57.00 (4.3% above fair value)
No single metric tells the full story. See the OSL:HKY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havila Kystruten AS purpose is to operate shipping, transport, and tourism activities, including development and investment in other companies, and other activities naturally related thereto. It operates four vessels on the classic coastal route between Bergen and Kirkenes, using some of the environmentally friendly ships along the Norwegian coast.
52GF Score
Get the complete analysis for OSL:HKY
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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