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Union Gas HoldingsSGX:1F2 59 3-Year ROIIC % is 38.28 as of Dec. 2025, which is 177% above its 10-year median of 13.80. GuruFocus rates SGX:1F2 with a GF Score™ of 59/100 and a GF Value™ of S$0.39 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,062 Retail - Cyclical companies, Union Gas Holdings ranks better than 83.24% 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.
Union Gas Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 38.28%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Union Gas Holdings's 3-Year ROIIC % or its related term are showing as below:
SGX:1F2's 3-Year ROIIC % is ranked better than 83.24% of 1062
companies
in the Retail - Cyclical industry
Industry Median: 4.015
vs SGX:1F2: 38.28
Union Gas Holdings (SGX:1F2) 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.
Union Gas Holdings 3-Year ROIIC % Related Terms
Union Gas Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Union Gas 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.
SGX:1F2 vs CASY, WSM, ULTA: 3-Year ROIIC % Comparison
For the Specialty Retail subindustry, Union Gas 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.
Union Gas Holdings 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Union Gas Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Union Gas Holdings's 3-Year ROIIC % falls into.
Union Gas Holdings'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**
=
( 10.5734421 (Dec. 2025) - 4.33688 (Dec. 2022) )
/
( 125.051 (Dec. 2025) - 108.761 (Dec. 2022) )
=
6.2365621
/
16.29
=
38.28%***
* 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.
Union Gas Holdings (SGX:1F2) has a 3-Year ROIIC % of 38.28 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 Union Gas Holdings and its competitors. This is 177% above median its historical median of 13.80. According to the industry distribution chart, Union Gas Holdings ranks #178 out of 1062 companies in the Retail - Cyclical industry, placing it in the top 16.8%.
Is Union Gas Holdings' 3-Year ROIIC % too high?
Union Gas Holdings' current 3-Year ROIIC % of 38.28 is 177% above median its 10-year median of 13.80. The Retail - Cyclical industry median 3-Year ROIIC % is 4.02. Union Gas Holdings' value of 38.28 is 853.4% above this industry median. Based on the distribution chart, Union Gas Holdings ranks #178 out of 1062 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Union Gas Holdings has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Gas Holdings' 3-Year ROIIC % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Union Gas Holdings ranks #178 out of 1062 companies for 3-Year ROIIC %. This places Union Gas Holdings in the top 17% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.02. Union Gas Holdings' value of 38.28 is 853.4% above this benchmark. While the company's 10-year median is 13.80 vs. the industry median of 4.02, Union Gas 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.02, based on 1,062 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. Union Gas Holdings's current 3-Year ROIIC % of 38.28 is 853.4% 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 Union Gas Holdings and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Gas Holdings's current 3-Year ROIIC % is 38.28, which is 177% above median its own 10-year median of 13.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Union Gas Holdings (SGX:1F2) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.39, compared to a current price of S$0.49 — trading 25.6% above its estimated fair value. The current 3-Year ROIIC % is 38.28, which is 177% above median its 10-year median of 13.80 and 853.4% above the Retail - Cyclical industry median of 4.02. Union Gas Holdings' overall GF Score™ is 59/100 with 8 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 Union Gas Holdings (SGX:1F2), the current 3-Year ROIIC % is 38.28 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 Union Gas Holdings (SGX:1F2) Overvalued in 2026?
Based on GuruFocus' analysis, Union Gas Holdings stock appears to be overvalued.
The current stock price of S$0.49 is trading 25.6% above its estimated GF Value™ of S$0.39.
GuruFocus considers Union Gas Holdings to be Modestly Overvalued.
Key valuation signals for SGX:1F2:
3-Year ROIIC %: 38.28 (177% above median its 10-year median of 13.80)
GF Value™: S$0.39 vs. price of S$0.49 (25.6% above fair value)
Industry Position: 853.4% above the Retail - Cyclical median (#178 of 1062)
No single metric tells the full story. See the SGX:1F2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Union Gas Holdings Ltd is engaged in the retailing of LPG, CNG, and diesel. It mainly sells bottled LPG cylinders in Singapore. The company also sells and distributes diesel to retail customers at its fuel station, as well as transports, distributes and bulk sells diesel to commercial and industrial customers. The operating segments of the company are: Gas Fuel; Liquid Fuel; and Others. It derives majority of revenue from Gas Fuel Segment. Geographically, it operates in Singapore, which derives maximum revenue; and Indonesia. Its services include: Residential LPG, Commercial LPG, Diesel, Petrol, Natural gas, Compressed natural gas, Piped natural gas, and Electric vehicle charger.
59GF Score
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