BellePHS:BEL +1.64%66 3-Year ROIIC % is 41.48 as of Dec. 2025, which is 60% above its 10-year median of 25.95. GuruFocus rates PHS:BEL with a GF Score™ of 66/100 and a GF Value™ of ₱1.36 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,663 Real Estate companies, Belle ranks better than 91.04% 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.
Belle's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 41.48%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Belle's 3-Year ROIIC % or its related term are showing as below:
PHS:BEL's 3-Year ROIIC % is ranked better than 91.04% of 1663
companies
in the Real Estate industry
Industry Median: 2.31
vs PHS:BEL: 41.48
Belle (PHS:BEL) 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.
Belle 3-Year ROIIC % Related Terms
Belle 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Belle'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.
For the Real Estate - Diversified subindustry, Belle'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.
Belle 3-Year ROIIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Belle's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Belle's 3-Year ROIIC % falls into.
* 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.
Belle (PHS:BEL) has a 3-Year ROIIC % of 41.48 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 Belle and its competitors. This is 60% above median its historical median of 25.95. According to the industry distribution chart, Belle ranks #149 out of 1663 companies in the Real Estate industry, placing it in the top 9%.
Is Belle's 3-Year ROIIC % too high?
Belle's current 3-Year ROIIC % of 41.48 is 60% above median its 10-year median of 25.95. The Real Estate industry median 3-Year ROIIC % is 2.31. Belle's value of 41.48 is 1695.7% above this industry median. Based on the distribution chart, Belle ranks #149 out of 1663 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Belle has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Belle's 3-Year ROIIC % compare to competitors?
According to the Real Estate industry distribution chart, Belle ranks #149 out of 1663 companies for 3-Year ROIIC %. This places Belle in the top 9% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.31. Belle's value of 41.48 is 1695.7% above this benchmark. While the company's 10-year median is 25.95 vs. the industry median of 2.31, Belle has consistently been above the industry average. 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 Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.31, based on 1,663 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. Belle's current 3-Year ROIIC % of 41.48 is 1695.7% 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 Belle and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belle's current 3-Year ROIIC % is 41.48, which is 60% above median its own 10-year median of 25.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belle stock overvalued right now?
Based on GuruFocus' analysis, Belle (PHS:BEL) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.36, compared to a current price of ₱1.24 — trading 8.8% below its estimated fair value. The current 3-Year ROIIC % is 41.48, which is 60% above median its 10-year median of 25.95 and 1695.7% above the Real Estate industry median of 2.31. Belle's overall GF Score™ is 66/100 with 3 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 Belle (PHS:BEL), the current 3-Year ROIIC % is 41.48 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 Belle (PHS:BEL) Overvalued in 2026?
Based on GuruFocus' analysis, Belle stock appears to be undervalued.
The current stock price of ₱1.24 is trading 8.8% below its estimated GF Value™ of ₱1.36.
GuruFocus considers Belle to be Fairly Valued.
Key valuation signals for PHS:BEL:
3-Year ROIIC %: 41.48 (60% above median its 10-year median of 25.95)
GF Value™: ₱1.36 vs. price of ₱1.24 (8.8% below fair value)
Industry Position: 1695.7% above the Real Estate median (#149 of 1663)
No single metric tells the full story. See the PHS:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belle Corporation is a developer of resort destinations, gaming, and leisure properties in the Philippines, such as City of Dreams Manila and Tagaytay Highlands. Additionally, it owns real estate assets in the Tagaytay Highlands, Midlands, and Greenlands complexes, where it develops premium residential resort projects south of Metro Manila and holds majority proprietary shares in its exclusive club and golf facilities. The Group's operating business segments are: Real Estate Development and Property Management, which generates maximum revenue; Gaming and Gaming Related Activities; and Others.
66GF Score
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