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.
Techstep ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.53%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Techstep ASA's 3-Year ROIIC % or its related term are showing as below:
OSL:TECH's 3-Year ROIIC % is ranked better than 52.02% of 2376
companies
in the Hardware industry
Industry Median: 2.335
vs OSL:TECH: 3.53
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.
Techstep ASA 3-Year ROIIC % Related Terms
Techstep ASA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Techstep 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:TECH vs CSCO, CIEN, MSI: 3-Year ROIIC % Comparison
For the Communication Equipment subindustry, Techstep 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.
Techstep ASA 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Techstep ASA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Techstep ASA's 3-Year ROIIC % falls into.
Techstep 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**
=
( -89.8620129 (Dec. 2025) - -82.248 (Dec. 2022) )
/
( 1169.415 (Dec. 2025) - 1385.088 (Dec. 2022) )
=
-7.6140129
/
-215.673
=
3.53%***
* 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.
Techstep ASA (OSL:TECH) has a 3-Year ROIIC % of 3.53 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 Techstep ASA and its competitors. According to the industry distribution chart, Techstep ASA ranks #1140 out of 2376 companies in the Hardware industry, placing it in the top 48%.
Is Techstep ASA's 3-Year ROIIC % too high?
Techstep ASA's current 3-Year ROIIC % is 3.53. The Hardware industry median 3-Year ROIIC % is 2.34. Techstep ASA's value of 3.53 is 51.2% above this industry median. Based on the distribution chart, Techstep ASA ranks #1140 out of 2376 companies in the Hardware industry, which is above the industry midpoint. Overall, Techstep ASA has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Techstep ASA's 3-Year ROIIC % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Techstep ASA ranks #1140 out of 2376 companies for 3-Year ROIIC %. This puts Techstep ASA in the upper half of its industry. The industry median 3-Year ROIIC % is 2.34. Techstep ASA's value of 3.53 is 51.2% 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 2.34, based on 2,376 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. Techstep ASA's current 3-Year ROIIC % of 3.53 is 51.2% 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 Techstep ASA and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techstep ASA's current 3-Year ROIIC % is 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techstep ASA stock overvalued right now?
Based on GuruFocus' analysis, Techstep ASA (OSL:TECH) is currently considered Modestly Undervalued. The stock's GF Value™ is kr9.48, compared to a current price of kr7.84 — trading 17.3% below its estimated fair value. The current 3-Year ROIIC % is 3.53 and 51.2% above the Hardware industry median of 2.34. Techstep ASA's overall GF Score™ is 47/100 with 5 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 Techstep ASA (OSL:TECH), the current 3-Year ROIIC % is 3.53 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 Techstep ASA (OSL:TECH) Overvalued in 2026?
Based on GuruFocus' analysis, Techstep ASA stock appears to be undervalued.
The current stock price of kr7.84 is trading 17.3% below its estimated GF Value™ of kr9.48.
GuruFocus considers Techstep ASA to be Modestly Undervalued.
Key valuation signals for OSL:TECH:
3-Year ROIIC %: 3.53
GF Value™: kr9.48 vs. price of kr7.84 (17.3% below fair value)
Industry Position: 51.2% above the Hardware median (#1140 of 2376)
No single metric tells the full story. See the OSL:TECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techstep ASA is a Nordic enabler of the mobile workplace, delivering a full range of devices and services to facilitate mobile workplaces. The company bundles mobile devices, software, information security, and expertise for its customers. Its Device Lifecycle Management Platform enables IT vendors to scale and optimise their Device-as-a-Service business, enhancing efficiency, control, and user experience at every lifecycle stage. In addition, the company offers various workplace devices and services such as mobile devices and accessories, laptops, device management and security services, and others. A majority of its revenue is generated from the provision of workplace devices for its clients. Geographically, it derives maximum revenue from Norway, followed by Sweden, Denmark, and Poland.
47GF Score
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