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.
Steel Partners Holdings LP's 3-Year ROIIC % for the quarter that ended in Dec. 2024 was 24.19%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Steel Partners Holdings LP's 3-Year ROIIC % or its related term are showing as below:
SPLP's 3-Year ROIIC % is not ranked
in the Conglomerates industry.
Industry Median: 1.6
vs SPLP: 24.19
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.
Steel Partners Holdings LP 3-Year ROIIC % Related Terms
Steel Partners Holdings LP 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.
For the Conglomerates subindustry, Steel Partners Holdings LP'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.
Steel Partners Holdings LP 3-Year ROIIC % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Steel Partners Holdings LP's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 320.628 (Dec. 2024) - 125.9701938 (Dec. 2021) )
/
( 2942.465 (Dec. 2024) - 2137.851 (Dec. 2021) )
=
194.6578062
/
804.614
=
24.19%***
* 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.
Steel Partners Holdings LP (SPLP) has a 3-Year ROIIC % of 24.19 as of Dec. 2024. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Steel Partners Holdings LP and its competitors. This is 236% above median its historical median of 7.19.
Is Steel Partners Holdings LP's 3-Year ROIIC % too high?
Steel Partners Holdings LP's current 3-Year ROIIC % of 24.19 is 236% above median its 10-year median of 7.19. The Conglomerates industry median 3-Year ROIIC % is 1.60. Steel Partners Holdings LP's value of 24.19 is 1411.9% above this industry median. Overall, Steel Partners Holdings LP has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Steel Partners Holdings LP's 3-Year ROIIC % compare to MATW and DLX?
Steel Partners Holdings LP's 3-Year ROIIC % of 24.19 can be compared against companies in the Conglomerates industry. The industry median 3-Year ROIIC % is 1.60. Steel Partners Holdings LP's value of 24.19 is 1411.9% above this benchmark. While the company's 10-year median is 7.19 vs. the industry median of 1.60, Steel Partners Holdings LP 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 Conglomerates company?
The median 3-Year ROIIC % among Conglomerates companies is 1.60, based on 523 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. Steel Partners Holdings LP's current 3-Year ROIIC % of 24.19 is 1411.9% 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 Steel Partners Holdings LP and its competitors. For the Conglomerates industry, the median 3-Year ROIIC % is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Partners Holdings LP's current 3-Year ROIIC % is 24.19, which is 236% above median its own 10-year median of 7.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Partners Holdings LP stock overvalued right now?
Steel Partners Holdings LP (SPLP) has a current 3-Year ROIIC % of 24.19. The stock's GF Value™ is $51.26, compared to a current price of $50.00 — trading 2.5% below its estimated fair value. The current 3-Year ROIIC % is 24.19, which is 236% above median its 10-year median of 7.19 and 1411.9% above the Conglomerates industry median of 1.60. Steel Partners Holdings LP's overall GF Score™ is 66/100 with 4 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 Steel Partners Holdings LP (SPLP), the current 3-Year ROIIC % is 24.19 as of Dec. 2024. 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 Steel Partners Holdings LP (SPLP) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Partners Holdings LP stock appears to be undervalued.
The current stock price of $50.00 is trading 2.5% below its estimated GF Value™ of $51.26.
Key valuation signals for SPLP:
3-Year ROIIC %: 24.19 (236% above median its 10-year median of 7.19)
GF Value™: $51.26 vs. price of $50.00 (2.5% below fair value)
Industry Position: 1411.9% above the Conglomerates median
No single metric tells the full story. See the SPLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. Its segments include the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, joining materials, tubing, building materials, performance materials etc; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities; The Supply Chain segment consists of end-to-end world-wide supply; and Corporate and Other consists of equity method and other investments, and cash and cash equivalents.
66GF Score
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