SPAEF (Space Co) 3-Year ROIIC % : 38.42% (As of Dec. 2025) — 37% Above Median


SPAEF Space Co Ltd SPAEF
64 GF Score
Price $9.28
GF Value $9.54
Valuation Fairly Valued
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What is Space Co 3-Year ROIIC %?

Space Co SPAEF -0.22% 64 3-Year ROIIC % is 38.42 as of Dec. 2025, which is 37% above its 10-year median of 27.96. GuruFocus rates SPAEF with a GF Score™ of 64/100 and a GF Value™ of $9.54 (Fairly Valued). Among 1,686 Construction companies, Space Co ranks better than 85.05% 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. Space Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 38.42%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Space Co's 3-Year ROIIC % or its related term are showing as below:

SPAEF's 3-Year ROIIC % is ranked better than
85.05% of 1686 companies
in the Construction industry
Industry Median: 4.745 vs SPAEF: 38.42

Space Co  (OTCPK:SPAEF) 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.


Space Co 3-Year ROIIC % Related Terms


Space Co 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Space Co'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.

Space Co 3-Year ROIIC % Chart

Space Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.26 24.36 28.65 19.91 38.42

Space Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 38.42 0.00

SPAEF vs PWR, FIX, EME: 3-Year ROIIC % Comparison

For the Engineering & Construction subindustry, Space Co'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.


Space Co 3-Year ROIIC % vs Construction Industry

For the Construction industry and Industrials sector, Space Co's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Space Co's 3-Year ROIIC % falls into.


SPAEF
64GF Score
Space Co Ltd SPAEF
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Space Co 3-Year ROIIC % Calculation

Space Co'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**
=( 23.191524 (Dec. 2025) - 10.2979236 (Dec. 2022) )/( 150.477 (Dec. 2025) - 130.95 (Dec. 2022) )
=12.8936004/19.527
=66.03%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 38.42 mean?
Space Co (SPAEF) has a 3-Year ROIIC % of 38.42 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 Space Co and its competitors. This is 37% above median its historical median of 27.96. According to the industry distribution chart, Space Co ranks #252 out of 1686 companies in the Construction industry, placing it in the top 14.9%.
Is Space Co's 3-Year ROIIC % too high?
Space Co's current 3-Year ROIIC % of 38.42 is 37% above median its 10-year median of 27.96. The Construction industry median 3-Year ROIIC % is 4.75. Space Co's value of 38.42 is 709.7% above this industry median. Based on the distribution chart, Space Co ranks #252 out of 1686 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Space Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Co's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Space Co ranks #252 out of 1686 companies for 3-Year ROIIC %. This places Space Co in the top 15% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.75. Space Co's value of 38.42 is 709.7% above this benchmark. While the company's 10-year median is 27.96 vs. the industry median of 4.75, Space Co 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 Construction company?
The median 3-Year ROIIC % among Construction companies is 4.75, based on 1,686 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. Space Co's current 3-Year ROIIC % of 38.42 is 709.7% 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 Space Co and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Co's current 3-Year ROIIC % is 38.42, which is 37% above median its own 10-year median of 27.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Co stock overvalued right now?
Based on GuruFocus' analysis, Space Co (SPAEF) is currently considered Fairly Valued. The stock's GF Value™ is $9.54, compared to a current price of $9.28 — trading 2.7% below its estimated fair value. The current 3-Year ROIIC % is 38.42, which is 37% above median its 10-year median of 27.96 and 709.7% above the Construction industry median of 4.75. Space Co's overall GF Score™ is 64/100. 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 Space Co (SPAEF), the current 3-Year ROIIC % is 38.42 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 Space Co (SPAEF) Overvalued in 2026?

Based on GuruFocus' analysis, Space Co stock appears to be undervalued. The current stock price of $9.28 is trading 2.7% below its estimated GF Value™ of $9.54. GuruFocus considers Space Co to be Fairly Valued.

Key valuation signals for SPAEF:

  • 3-Year ROIIC %: 38.42 (37% above median its 10-year median of 27.96)
  • GF Value™: $9.54 vs. price of $9.28 (2.7% below fair value)
  • GF Score™: 64/100
  • Industry Position: 709.7% above the Construction median (#252 of 1686)

No single metric tells the full story. See the SPAEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Space Co Business Description

Other Exchanges 9622:Japan
Address 3-9-4 Nihonbashi, Ningyo-cho, Tokyo, JPN, 103-0013
Space Co Ltd is engaged in the planning and design, supervision and construction of commercial facilities, including shopping centres, department stores, speciality stores, restaurants, and cafes. In addition, the company is also involved in the planning, design, production, sales and import and export of display equipment and fixtures, indoor and outdoor decorative items.
64GF Score

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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.28
Price
$9.54
GF Value