Singapore AirlinesSINGF -3.06%78 3-Year ROIIC % is 655.43 as of Mar. 2026, which is 3931% above its 10-year median of 16.26. GuruFocus rates SINGF with a GF Score™ of 78/100 and a GF Value™ of $5.21 (Fairly Valued). The stock has 8 warning signs investors should review. Among 936 Transportation companies, Singapore Airlines ranks better than 98.82% 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.
Singapore Airlines's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 655.43%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Singapore Airlines's 3-Year ROIIC % or its related term are showing as below:
SINGF's 3-Year ROIIC % is ranked better than 98.82% of 936
companies
in the Transportation industry
Industry Median: 1.845
vs SINGF: 655.43
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.
Singapore Airlines 3-Year ROIIC % Related Terms
Singapore Airlines 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Singapore Airlines'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, Singapore Airlines'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.
Singapore Airlines 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Singapore Airlines's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Singapore Airlines'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.
Singapore Airlines (SINGF) has a 3-Year ROIIC % of 655.43 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 Singapore Airlines and its competitors. This is 3931% above median its historical median of 16.26. According to the industry distribution chart, Singapore Airlines ranks #11 out of 936 companies in the Transportation industry, placing it in the top 1.2%.
Is Singapore Airlines' 3-Year ROIIC % too high?
Singapore Airlines' current 3-Year ROIIC % of 655.43 is 3931% above median its 10-year median of 16.26. The Transportation industry median 3-Year ROIIC % is 1.85. Singapore Airlines' value of 655.43 is 35424.7% above this industry median. Based on the distribution chart, Singapore Airlines ranks #11 out of 936 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Singapore Airlines has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' 3-Year ROIIC % compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #11 out of 936 companies for 3-Year ROIIC %. This places Singapore Airlines in the top 1% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.85. Singapore Airlines' value of 655.43 is 35424.7% above this benchmark. While the company's 10-year median is 16.26 vs. the industry median of 1.85, Singapore Airlines 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 1.85, based on 936 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. Singapore Airlines's current 3-Year ROIIC % of 655.43 is 35424.7% 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 Singapore Airlines and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current 3-Year ROIIC % is 655.43, which is 3931% above median its own 10-year median of 16.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Based on GuruFocus' analysis, Singapore Airlines (SINGF) is currently considered Fairly Valued. The stock's GF Value™ is $5.21, compared to a current price of $5.70 — trading 9.4% above its estimated fair value. The current 3-Year ROIIC % is 655.43, which is 3931% above median its 10-year median of 16.26 and 35424.7% above the Transportation industry median of 1.85. Singapore Airlines' overall GF Score™ is 78/100 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 Singapore Airlines (SINGF), the current 3-Year ROIIC % is 655.43 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 Singapore Airlines (SINGF) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Airlines stock appears to be overvalued.
The current stock price of $5.70 is trading 9.4% above its estimated GF Value™ of $5.21.
GuruFocus considers Singapore Airlines to be Fairly Valued.
Key valuation signals for SINGF:
3-Year ROIIC %: 655.43 (3931% above median its 10-year median of 16.26)
GF Value™: $5.21 vs. price of $5.70 (9.4% above fair value)
Industry Position: 35424.7% above the Transportation median (#11 of 936)
No single metric tells the full story. See the SINGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.
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