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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SweetgreenSG +13.83%65 3-Year ROIIC % is 44.60 as of Dec. 2025, which is 472% above its 10-year median of 7.80. GuruFocus rates SG with a GF Score™ of 65/100 and a GF Value™ of $14.28 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 334 Restaurants companies, Sweetgreen ranks better than 85.03% 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.
Sweetgreen's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 44.60%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Sweetgreen's 3-Year ROIIC % or its related term are showing as below:
SG's 3-Year ROIIC % is ranked better than 85.03% of 334
companies
in the Restaurants industry
Industry Median: 3.905
vs SG: 44.60
Sweetgreen (NYSE:SG) 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.
Sweetgreen 3-Year ROIIC % Related Terms
Sweetgreen 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Sweetgreen'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 Restaurants subindustry, Sweetgreen'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.
Sweetgreen 3-Year ROIIC % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Sweetgreen's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Sweetgreen's 3-Year ROIIC % falls into.
Sweetgreen'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**
=
( -111.407 (Dec. 2025) - -164.552 (Dec. 2022) )
/
( 715.332 (Dec. 2025) - 596.172 (Dec. 2022) )
=
53.145
/
119.16
=
44.60%***
* 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.
Sweetgreen (SG) has a 3-Year ROIIC % of 44.60 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 Sweetgreen and its competitors. This is 472% above median its historical median of 7.80. According to the industry distribution chart, Sweetgreen ranks #50 out of 334 companies in the Restaurants industry, placing it in the top 15%.
Is Sweetgreen's 3-Year ROIIC % too high?
Sweetgreen's current 3-Year ROIIC % of 44.60 is 472% above median its 10-year median of 7.80. The Restaurants industry median 3-Year ROIIC % is 3.91. Sweetgreen's value of 44.60 is 1042.1% above this industry median. Based on the distribution chart, Sweetgreen ranks #50 out of 334 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Sweetgreen has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sweetgreen's 3-Year ROIIC % compare to CBRL and PZZA?
According to the Restaurants industry distribution chart, Sweetgreen ranks #50 out of 334 companies for 3-Year ROIIC %. This places Sweetgreen in the top 15% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.91. Sweetgreen's value of 44.60 is 1042.1% above this benchmark. While the company's 10-year median is 7.80 vs. the industry median of 3.91, Sweetgreen 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 Restaurants company?
The median 3-Year ROIIC % among Restaurants companies is 3.91, based on 334 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. Sweetgreen's current 3-Year ROIIC % of 44.60 is 1042.1% 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 Sweetgreen and its competitors. For the Restaurants industry, the median 3-Year ROIIC % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sweetgreen's current 3-Year ROIIC % is 44.60, which is 472% above median its own 10-year median of 7.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sweetgreen stock overvalued right now?
Based on GuruFocus' analysis, Sweetgreen (SG) is currently considered Possible Value Trap. The stock's GF Value™ is $14.28, compared to a current price of $7.08 — trading 50.4% below its estimated fair value. The current 3-Year ROIIC % is 44.60, which is 472% above median its 10-year median of 7.80 and 1042.1% above the Restaurants industry median of 3.91. Sweetgreen's overall GF Score™ is 65/100 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 Sweetgreen (SG), the current 3-Year ROIIC % is 44.60 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 Sweetgreen (SG) Overvalued in 2026?
Based on GuruFocus' analysis, Sweetgreen stock appears to be undervalued.
The current stock price of $7.08 is trading 50.4% below its estimated GF Value™ of $14.28.
GuruFocus considers Sweetgreen to be Possible Value Trap.
Key valuation signals for SG:
3-Year ROIIC %: 44.60 (472% above median its 10-year median of 7.80)
GF Value™: $14.28 vs. price of $7.08 (50.4% below fair value)
Industry Position: 1042.1% above the Restaurants median (#50 of 334)
No single metric tells the full story. See the SG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sweetgreen Inc is a mission-driven, next-generation restaurant and lifestyle brand that serves healthy food at scale. Its bold vision is to be as ubiquitous as traditional fast food, but with the transparency and quality that consumers increasingly expect. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing. Its menu involves, Kids' meal, salads, sides, local items, Protein Plates, Desserts, Drinks and Others.
65GF Score
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