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Reach Subsea ASAOSL:REACH -3.78%76 3-Year ROIIC % is 3.41 as of Dec. 2025, which is 1% above its 10-year median of 3.37. GuruFocus rates OSL:REACH with a GF Score™ of 76/100 and a GF Value™ of kr6.42 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 924 Oil & Gas companies, Reach Subsea ASA ranks better than 58.77% 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.
Reach Subsea ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.41%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Reach Subsea ASA's 3-Year ROIIC % or its related term are showing as below:
OSL:REACH's 3-Year ROIIC % is ranked better than 58.77% of 924
companies
in the Oil & Gas industry
Industry Median: -0.005
vs OSL:REACH: 3.41
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.
Reach Subsea ASA 3-Year ROIIC % Related Terms
Reach Subsea ASA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Reach Subsea 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.
OSL:REACH vs SLB, BKR, HAL: 3-Year ROIIC % Comparison
For the Oil & Gas Equipment & Services subindustry, Reach Subsea 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.
Reach Subsea ASA 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reach Subsea ASA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Reach Subsea ASA's 3-Year ROIIC % falls into.
Reach Subsea 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**
=
( 172.313 (Dec. 2025) - 77.5090456 (Dec. 2022) )
/
( 3474.605 (Dec. 2025) - 696.554 (Dec. 2022) )
=
94.8039544
/
2778.051
=
3.41%***
* 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.
Reach Subsea ASA (OSL:REACH) has a 3-Year ROIIC % of 3.41 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 Reach Subsea ASA and its competitors. This is near median its historical median of 3.37. According to the industry distribution chart, Reach Subsea ASA ranks #381 out of 924 companies in the Oil & Gas industry, placing it in the top 41.2%.
Is Reach Subsea ASA's 3-Year ROIIC % too high?
Reach Subsea ASA's current 3-Year ROIIC % of 3.41 is near median its 10-year median of 3.37. Based on the distribution chart, Reach Subsea ASA ranks #381 out of 924 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Reach Subsea ASA has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reach Subsea ASA's 3-Year ROIIC % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Reach Subsea ASA ranks #381 out of 924 companies for 3-Year ROIIC %. This puts Reach Subsea ASA in the upper half of its industry. 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 Oil & Gas company?
A good 3-Year ROIIC % depends on the Oil & Gas industry context. 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 Reach Subsea ASA and its competitors. Reach Subsea ASA's current 3-Year ROIIC % is 3.41, which is near median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reach Subsea ASA stock overvalued right now?
Based on GuruFocus' analysis, Reach Subsea ASA (OSL:REACH) is currently considered Modestly Undervalued. The stock's GF Value™ is kr6.42, compared to a current price of kr4.71 — trading 26.6% below its estimated fair value. The current 3-Year ROIIC % is 3.41, which is near median its 10-year median of 3.37. Reach Subsea ASA's overall GF Score™ is 76/100 with 7 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 Reach Subsea ASA (OSL:REACH), the current 3-Year ROIIC % is 3.41 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 Reach Subsea ASA (OSL:REACH) Overvalued in 2026?
Based on GuruFocus' analysis, Reach Subsea ASA stock appears to be undervalued.
The current stock price of kr4.71 is trading 26.6% below its estimated GF Value™ of kr6.42.
GuruFocus considers Reach Subsea ASA to be Modestly Undervalued.
Key valuation signals for OSL:REACH:
3-Year ROIIC %: 3.41 (near median its 10-year median of 3.37)
GF Value™: kr6.42 vs. price of kr4.71 (26.6% below fair value)
No single metric tells the full story. See the OSL:REACH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment. Geographically, the company has operated multiple regions, including Brazil, the U.S Gulf, the Caribbean, the Atlantic, the Mediterranean, West Africa including Ivory Coast, the Baltic, the Middle East, and the Asia-Pacific region, covering Singapore, Taiwan, Japan, Australia and Oceania.
76GF Score
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