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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.
Hock Lian Seng Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.81%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hock Lian Seng Holdings's 3-Year ROIIC % or its related term are showing as below:
SGX:J2T's 3-Year ROIIC % is ranked better than 50.41% of 1696
companies
in the Construction industry
Industry Median: 4.63
vs SGX:J2T: 4.81
Hock Lian Seng Holdings (SGX:J2T) 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.
Hock Lian Seng Holdings 3-Year ROIIC % Related Terms
Hock Lian Seng Holdings 3-Year ROIIC % Historical Data
* 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:J2T vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Hock Lian Seng 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.
Hock Lian Seng Holdings 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Hock Lian Seng Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hock Lian Seng Holdings's 3-Year ROIIC % falls into.
Hock Lian Seng Holdings 3-Year ROIIC % Calculation
Hock Lian Seng 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**
=
( 7.6938959 (Dec. 2025) - 5.1405569 (Dec. 2022) )
/
( 271.283 (Dec. 2025) - 218.161 (Dec. 2022) )
=
2.553339
/
53.122
=
4.81%***
* 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.
Hock Lian Seng Holdings (SGX:J2T) has a 3-Year ROIIC % of 4.81 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 Hock Lian Seng Holdings and its competitors. According to the industry distribution chart, Hock Lian Seng Holdings ranks #841 out of 1696 companies in the Construction industry, placing it in the top 49.6%.
Is Hock Lian Seng Holdings' 3-Year ROIIC % too high?
Hock Lian Seng Holdings' current 3-Year ROIIC % is 4.81. The Construction industry median 3-Year ROIIC % is 4.63. Hock Lian Seng Holdings' value of 4.81 is 3.9% above this industry median. Based on the distribution chart, Hock Lian Seng Holdings ranks #841 out of 1696 companies in the Construction industry, which is above the industry midpoint. Overall, Hock Lian Seng Holdings has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hock Lian Seng Holdings' 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Hock Lian Seng Holdings ranks #841 out of 1696 companies for 3-Year ROIIC %. This puts Hock Lian Seng Holdings in the upper half of its industry. The industry median 3-Year ROIIC % is 4.63. Hock Lian Seng Holdings' value of 4.81 is 3.9% above this benchmark. 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, based on 1,696 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. Hock Lian Seng Holdings's current 3-Year ROIIC % of 4.81 is 3.9% 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 Hock Lian Seng Holdings and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hock Lian Seng Holdings's current 3-Year ROIIC % is 4.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hock Lian Seng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hock Lian Seng Holdings (SGX:J2T) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.24, compared to a current price of S$0.29 — trading 18.8% above its estimated fair value. The current 3-Year ROIIC % is 4.81 and 3.9% above the Construction industry median of 4.63. Hock Lian Seng Holdings' overall GF Score™ is 51/100 with 6 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 Hock Lian Seng Holdings (SGX:J2T), the current 3-Year ROIIC % is 4.81 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 Hock Lian Seng Holdings (SGX:J2T) Overvalued in 2026?
Based on GuruFocus' analysis, Hock Lian Seng Holdings stock appears to be overvalued.
The current stock price of S$0.29 is trading 18.8% above its estimated GF Value™ of S$0.24.
GuruFocus considers Hock Lian Seng Holdings to be Modestly Overvalued.
Key valuation signals for SGX:J2T:
3-Year ROIIC %: 4.81
GF Value™: S$0.24 vs. price of S$0.29 (18.8% above fair value)
Industry Position: 3.9% above the Construction median (#841 of 1696)
No single metric tells the full story. See the SGX:J2T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hock Lian Seng Holdings Ltd is a civil engineering group undertaking projects for both the public and private sectors in Singapore. The Group carries out civil engineering works for bridges, expressways, tunnels, Mass Rapid Transit, port facilities, water and sewage facilities, and other infrastructure works. Its key customers include government and government-related bodies of Singapore, such as the Land Transport Authority, Housing Development Board, Port of Singapore Authority, etc. Additionally, the Group is involved in property development and property investment businesses with various industrial and residential projects in its portfolio. Its reportable operating segments are: Civil engineering, which generates the maximum revenue, Properties development, and Properties investment.
51GF Score
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