SPX TechnologiesSPXC -5.75%92 3-Year ROIIC % is 16.11 as of Dec. 2025, which is 9% above its 10-year median of 14.78. GuruFocus rates SPXC with a GF Score™ of 92/100 and a GF Value™ of $178.74 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,681 Construction companies, SPX Technologies ranks better than 68.95% 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.
SPX Technologies's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 16.11%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for SPX Technologies's 3-Year ROIIC % or its related term are showing as below:
SPXC's 3-Year ROIIC % is ranked better than 68.95% of 1681
companies
in the Construction industry
Industry Median: 4.63
vs SPXC: 16.11
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.
SPX Technologies 3-Year ROIIC % Related Terms
SPX Technologies 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for SPX Technologies'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 Building Products & Equipment subindustry, SPX Technologies'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.
SPX Technologies 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, SPX Technologies's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where SPX Technologies's 3-Year ROIIC % falls into.
SPX Technologies'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**
=
( 275.27952 (Dec. 2025) - 47.34288 (Dec. 2022) )
/
( 2979.5 (Dec. 2025) - 1564.2 (Dec. 2022) )
=
227.93664
/
1415.3
=
16.11%***
* 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.
SPX Technologies (SPXC) has a 3-Year ROIIC % of 16.11 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 SPX Technologies and its competitors. This is near median its historical median of 14.78. According to the industry distribution chart, SPX Technologies ranks #522 out of 1681 companies in the Construction industry, placing it in the top 31.1%.
Is SPX Technologies' 3-Year ROIIC % too high?
SPX Technologies' current 3-Year ROIIC % of 16.11 is near median its 10-year median of 14.78. The Construction industry median 3-Year ROIIC % is 4.63. SPX Technologies' value of 16.11 is 247.9% above this industry median. Based on the distribution chart, SPX Technologies ranks #522 out of 1681 companies in the Construction industry, which is above the industry midpoint. Overall, SPX Technologies has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPX Technologies' 3-Year ROIIC % compare to WMS and OC?
According to the Construction industry distribution chart, SPX Technologies ranks #522 out of 1681 companies for 3-Year ROIIC %. This puts SPX Technologies in the upper half of its industry. The industry median 3-Year ROIIC % is 4.63. SPX Technologies' value of 16.11 is 247.9% above this benchmark. While the company's 10-year median is 14.78 vs. the industry median of 4.63, SPX Technologies 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 4.63, based on 1,681 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. SPX Technologies's current 3-Year ROIIC % of 16.11 is 247.9% 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 SPX Technologies 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. SPX Technologies's current 3-Year ROIIC % is 16.11, which is near median its own 10-year median of 14.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPX Technologies stock overvalued right now?
Based on GuruFocus' analysis, SPX Technologies (SPXC) is currently considered Modestly Overvalued. The stock's GF Value™ is $178.74, compared to a current price of $218.83 — trading 22.4% above its estimated fair value. The current 3-Year ROIIC % is 16.11, which is near median its 10-year median of 14.78 and 247.9% above the Construction industry median of 4.63. SPX Technologies' overall GF Score™ is 92/100 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 SPX Technologies (SPXC), the current 3-Year ROIIC % is 16.11 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 SPX Technologies (SPXC) Overvalued in 2026?
Based on GuruFocus' analysis, SPX Technologies stock appears to be overvalued.
The current stock price of $218.83 is trading 22.4% above its estimated GF Value™ of $178.74.
GuruFocus considers SPX Technologies to be Modestly Overvalued.
Key valuation signals for SPXC:
3-Year ROIIC %: 16.11 (near median its 10-year median of 14.78)
GF Value™: $178.74 vs. price of $218.83 (22.4% above fair value)
Industry Position: 247.9% above the Construction median (#522 of 1681)
No single metric tells the full story. See the SPXC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through two reportable segments. The HVAC segment which generates the majority of the revenue for the company, designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The Detection and Measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. Geographically, the company has its operations in the United States, Canada, China, the United Kingdom, and Others. It derives maximum revenue from United States.
92GF Score
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