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Value-Holdings AGSTU:VHO -1.38%68 3-Year ROIIC % is 4.99 as of Dec. 2025, which is 5% below its 10-year median of 5.24. GuruFocus rates STU:VHO with a GF Score™ of 68/100 and a GF Value™ of €11.14 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 659 Capital Markets companies, Value-Holdings AG ranks better than 55.24% 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.
Value-Holdings AG's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.99%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Value-Holdings AG's 3-Year ROIIC % or its related term are showing as below:
STU:VHO's 3-Year ROIIC % is ranked better than 55.24% of 659
companies
in the Capital Markets industry
Industry Median: 2.6
vs STU:VHO: 4.99
Value-Holdings AG (STU:VHO) 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.
Value-Holdings AG 3-Year ROIIC % Related Terms
Value-Holdings AG 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Value-Holdings AG'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.
STU:VHO vs MS, GS, SCHW: 3-Year ROIIC % Comparison
For the Capital Markets subindustry, Value-Holdings AG'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.
Value-Holdings AG 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Value-Holdings AG's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Value-Holdings AG's 3-Year ROIIC % falls into.
Value-Holdings AG'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**
=
( 0.9045504 (Dec. 2025) - 0.797 (Dec. 2022) )
/
( 14.666 (Dec. 2025) - 12.511 (Dec. 2022) )
=
0.1075504
/
2.155
=
4.99%***
* 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.
Value-Holdings AG (STU:VHO) has a 3-Year ROIIC % of 4.99 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 Value-Holdings AG and its competitors. This is near median its historical median of 5.24. According to the industry distribution chart, Value-Holdings AG ranks #295 out of 659 companies in the Capital Markets industry, placing it in the top 44.8%.
Is Value-Holdings AG's 3-Year ROIIC % too high?
Value-Holdings AG's current 3-Year ROIIC % of 4.99 is near median its 10-year median of 5.24. The Capital Markets industry median 3-Year ROIIC % is 2.60. Value-Holdings AG's value of 4.99 is 91.9% above this industry median. Based on the distribution chart, Value-Holdings AG ranks #295 out of 659 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Value-Holdings AG has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Value-Holdings AG's 3-Year ROIIC % compare to MS and GS?
According to the Capital Markets industry distribution chart, Value-Holdings AG ranks #295 out of 659 companies for 3-Year ROIIC %. This puts Value-Holdings AG in the upper half of its industry. The industry median 3-Year ROIIC % is 2.60. Value-Holdings AG's value of 4.99 is 91.9% above this benchmark. While the company's 10-year median is 5.24 vs. the industry median of 2.60, Value-Holdings AG 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.60, based on 659 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. Value-Holdings AG's current 3-Year ROIIC % of 4.99 is 91.9% 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 Value-Holdings AG and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Value-Holdings AG's current 3-Year ROIIC % is 4.99, which is near median its own 10-year median of 5.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value-Holdings AG stock overvalued right now?
Based on GuruFocus' analysis, Value-Holdings AG (STU:VHO) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.14, compared to a current price of €7.15 — trading 35.8% below its estimated fair value. The current 3-Year ROIIC % is 4.99, which is near median its 10-year median of 5.24 and 91.9% above the Capital Markets industry median of 2.60. Value-Holdings AG's overall GF Score™ is 68/100 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 Value-Holdings AG (STU:VHO), the current 3-Year ROIIC % is 4.99 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 Value-Holdings AG (STU:VHO) Overvalued in 2026?
Based on GuruFocus' analysis, Value-Holdings AG stock appears to be undervalued.
The current stock price of €7.15 is trading 35.8% below its estimated GF Value™ of €11.14.
GuruFocus considers Value-Holdings AG to be Significantly Undervalued.
Key valuation signals for STU:VHO:
3-Year ROIIC %: 4.99 (near median its 10-year median of 5.24)
GF Value™: €11.14 vs. price of €7.15 (35.8% below fair value)
Industry Position: 91.9% above the Capital Markets median (#295 of 659)
No single metric tells the full story. See the STU:VHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Value-Holdings AG is a German investment company that acquires shareholdings in listed medium-sized companies. It invests in its own portfolio, as well as managing third-party investment funds. The company along with its subsidiaries also advises institutional investors on investing as per the value-investing strategies. It manages two funds namely Value Holdings Germany Fund and Value Holdings Europe Fund.
68GF Score
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