Puma SEPMMAF 75 3-Year ROIIC % is -251.85 as of Dec. 2025. GuruFocus rates PMMAF with a GF Score™ of 75/100 and a GF Value™ of $37.47 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,010 Manufacturing - Apparel & Accessories companies, Puma SE ranks worse than 96.53% 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.
Puma SE's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -251.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Puma SE's 3-Year ROIIC % or its related term are showing as below:
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.
Puma SE 3-Year ROIIC % Related Terms
Puma SE 3-Year ROIIC % Historical Data
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The historical data trend for Puma SE'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.
PMMAF vs NKE, DECK, ONON: 3-Year ROIIC % Comparison
For the Footwear & Accessories subindustry, Puma SE'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.
Puma SE 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Puma SE's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Puma SE'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.
Puma SE (PMMAF) has a 3-Year ROIIC % of -251.85 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 Puma SE and its competitors. According to the industry distribution chart, Puma SE ranks #975 out of 1010 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 96.5%.
Is Puma SE's 3-Year ROIIC % too high?
Puma SE's current 3-Year ROIIC % is -251.85. Based on the distribution chart, Puma SE ranks #975 out of 1010 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Puma SE has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Puma SE's 3-Year ROIIC % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Puma SE ranks #975 out of 1010 companies for 3-Year ROIIC %. This places Puma SE in the lower half of its industry. The industry median 3-Year ROIIC % is 1.44. 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 Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.44, based on 1,010 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 Puma SE and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Puma SE's current 3-Year ROIIC % is -251.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Puma SE stock overvalued right now?
Based on GuruFocus' analysis, Puma SE (PMMAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $37.47, compared to a current price of $31.00 — trading 17.3% below its estimated fair value. The current 3-Year ROIIC % is -251.85. Puma SE's overall GF Score™ is 75/100 with 9 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 Puma SE (PMMAF), the current 3-Year ROIIC % is -251.85 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 Puma SE (PMMAF) Overvalued in 2026?
Based on GuruFocus' analysis, Puma SE stock appears to be undervalued.
The current stock price of $31.00 is trading 17.3% below its estimated GF Value™ of $37.47.
GuruFocus considers Puma SE to be Modestly Undervalued.
Key valuation signals for PMMAF:
3-Year ROIIC %: -251.85
GF Value™: $37.47 vs. price of $31.00 (17.3% below fair value)
No single metric tells the full story. See the PMMAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (56% of 2025 sales) is its largest category, followed by apparel (32%) and accessories (12%). Puma also licenses its name for fragrances, eyewear, and watches. Most of its sales are through wholesale partners (68% of 2025 sales), with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (43% of 2025 sales), the Americas (35%), and Asia-Pacific (22%). China-based competitor Anta is in the process of acquiring 29% of Puma's outstanding shares.
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