Ryanair HoldingsRYAAY +0.75%84 3-Year ROIIC % is 39.29 as of Mar. 2026, which is 80% above its 10-year median of 21.83. GuruFocus rates RYAAY with a GF Score™ of 84/100 and a GF Value™ of $60.68 (Fairly Valued). The stock has 2 warning signs investors should review. Among 939 Transportation companies, Ryanair Holdings ranks better than 86.05% 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.
Ryanair Holdings's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 39.29%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Ryanair Holdings's 3-Year ROIIC % or its related term are showing as below:
RYAAY's 3-Year ROIIC % is ranked better than 86.05% of 939
companies
in the Transportation industry
Industry Median: 1.97
vs RYAAY: 39.29
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.
Ryanair Holdings 3-Year ROIIC % Related Terms
Ryanair Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Ryanair Holdings'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 Airlines subindustry, Ryanair Holdings'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.
Ryanair Holdings 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Ryanair Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Ryanair Holdings'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.
Ryanair Holdings (RYAAY) has a 3-Year ROIIC % of 39.29 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Ryanair Holdings and its competitors. This is 80% above median its historical median of 21.83. According to the industry distribution chart, Ryanair Holdings ranks #131 out of 939 companies in the Transportation industry, placing it in the top 14%.
Is Ryanair Holdings' 3-Year ROIIC % too high?
Ryanair Holdings' current 3-Year ROIIC % of 39.29 is 80% above median its 10-year median of 21.83. The Transportation industry median 3-Year ROIIC % is 1.97. Ryanair Holdings' value of 39.29 is 1894.4% above this industry median. Based on the distribution chart, Ryanair Holdings ranks #131 out of 939 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Ryanair Holdings has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ryanair Holdings' 3-Year ROIIC % compare to DAL and UAL?
According to the Transportation industry distribution chart, Ryanair Holdings ranks #131 out of 939 companies for 3-Year ROIIC %. This places Ryanair Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.97. Ryanair Holdings' value of 39.29 is 1894.4% above this benchmark. While the company's 10-year median is 21.83 vs. the industry median of 1.97, Ryanair Holdings 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.97, based on 939 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. Ryanair Holdings's current 3-Year ROIIC % of 39.29 is 1894.4% 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 Ryanair Holdings and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ryanair Holdings's current 3-Year ROIIC % is 39.29, which is 80% above median its own 10-year median of 21.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryanair Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ryanair Holdings (RYAAY) is currently considered Fairly Valued. The stock's GF Value™ is $60.68, compared to a current price of $64.65 — trading 6.5% above its estimated fair value. The current 3-Year ROIIC % is 39.29, which is 80% above median its 10-year median of 21.83 and 1894.4% above the Transportation industry median of 1.97. Ryanair Holdings' overall GF Score™ is 84/100 with 2 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 Ryanair Holdings (RYAAY), the current 3-Year ROIIC % is 39.29 as of Mar. 2026. 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 Ryanair Holdings (RYAAY) Overvalued in 2026?
Based on GuruFocus' analysis, Ryanair Holdings stock appears to be overvalued.
The current stock price of $64.65 is trading 6.5% above its estimated GF Value™ of $60.68.
GuruFocus considers Ryanair Holdings to be Fairly Valued.
Key valuation signals for RYAAY:
3-Year ROIIC %: 39.29 (80% above median its 10-year median of 21.83)
GF Value™: $60.68 vs. price of $64.65 (6.5% above fair value)
Industry Position: 1894.4% above the Transportation median (#131 of 939)
No single metric tells the full story. See the RYAAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ryanair is Europe's largest low-cost airline, known for its extensive network and highly efficient business model. Operating over 3,600 flights daily across 240-plus destinations in 40 countries, Ryanair has built its success on offering affordable air travel while maintaining tight control over costs. The airline primarily uses Boeing 737 aircraft, including the newer 737 8-200 "Gamechanger" variant, which simplifies operations and reduces expenses. Ryanair focuses on high passenger volume, ancillary revenue, and operational efficiency, ensuring its position as a leading airline in Europe.
84GF Score
Get the complete analysis for RYAAY
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
RYAAY has been successfully added to your 
