TNLIF (Trainline) 3-Year ROIIC % : 327.76% (As of Feb. 2026) — 302% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TNLIF Trainline PLC TNLIF
70 GF Score
Price $2.97
GF Value $5.21
! 3 Warning Signs
View Full Analysis

What is Trainline 3-Year ROIIC %?

Trainline TNLIF 70 3-Year ROIIC % is 327.76 as of Feb. 2026, which is 302% above its 10-year median of 81.60. GuruFocus rates TNLIF with a GF Score™ of 70/100 and a GF Value™ of $5.21. The stock has 3 warning signs investors should review. Among 791 Travel & Leisure companies, Trainline ranks better than 96.46% 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. Trainline's 3-Year ROIIC % for the quarter that ended in Feb. 2026 was 327.76%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TNLIF's 3-Year ROIIC % is ranked better than
96.46% of 791 companies
in the Travel & Leisure industry
Industry Median: 4 vs TNLIF: 327.76

Trainline  (OTCPK:TNLIF) 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.


Trainline 3-Year ROIIC % Related Terms


Trainline 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Trainline'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.

Trainline 3-Year ROIIC % Chart

Trainline Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.57 -205.19 364.56 81.60 327.76

Trainline Semi-Annual Data
Feb17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 364.56 0.00 81.60 0.00 327.76

TNLIF vs BKNG, ABNB, RCL: 3-Year ROIIC % Comparison

For the Travel Services subindustry, Trainline'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.


Trainline 3-Year ROIIC % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trainline's 3-Year ROIIC % distribution charts can be found below:

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


TNLIF
70GF Score
Trainline PLC TNLIF
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trainline 3-Year ROIIC % Calculation

Trainline's 3-Year ROIIC % for the quarter that ended in Feb. 2026 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 116.1392862 (Feb. 2026) - 32.06149 (Feb. 2023) )/( 808.864 (Feb. 2026) - 697.275 (Feb. 2023) )
=84.0777962/111.589
=75.35%***

* 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 327.76 mean?
Trainline (TNLIF) has a 3-Year ROIIC % of 327.76 as of Feb. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Trainline and its competitors. This is 302% above median its historical median of 81.60. According to the industry distribution chart, Trainline ranks #28 out of 791 companies in the Travel & Leisure industry, placing it in the top 3.5%.
Is Trainline's 3-Year ROIIC % too high?
Trainline's current 3-Year ROIIC % of 327.76 is 302% above median its 10-year median of 81.60. The Travel & Leisure industry median 3-Year ROIIC % is 4.00. Trainline's value of 327.76 is 8094% above this industry median. Based on the distribution chart, Trainline ranks #28 out of 791 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Trainline has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Trainline's 3-Year ROIIC % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Trainline ranks #28 out of 791 companies for 3-Year ROIIC %. This places Trainline in the top 4% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.00. Trainline's value of 327.76 is 8094% above this benchmark. While the company's 10-year median is 81.60 vs. the industry median of 4.00, Trainline 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 Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 4.00, based on 791 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. Trainline's current 3-Year ROIIC % of 327.76 is 8094% 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 Trainline and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trainline's current 3-Year ROIIC % is 327.76, which is 302% above median its own 10-year median of 81.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trainline stock overvalued right now?
Trainline (TNLIF) has a current 3-Year ROIIC % of 327.76. The stock's GF Value™ is $5.21, compared to a current price of $2.97 — trading 43.1% below its estimated fair value. The current 3-Year ROIIC % is 327.76, which is 302% above median its 10-year median of 81.60 and 8094% above the Travel & Leisure industry median of 4.00. Trainline's overall GF Score™ is 70/100 with 3 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 Trainline (TNLIF), the current 3-Year ROIIC % is 327.76 as of Feb. 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 Trainline (TNLIF) Overvalued in 2026?

Based on GuruFocus' analysis, Trainline stock appears to be undervalued. The current stock price of $2.97 is trading 43.1% below its estimated GF Value™ of $5.21.

Key valuation signals for TNLIF:

  • 3-Year ROIIC %: 327.76 (302% above median its 10-year median of 81.60)
  • GF Value™: $5.21 vs. price of $2.97 (43.1% below fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 8094% above the Travel & Leisure median (#28 of 791)

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


Trainline Business Description

Address 1 Stonecutter Street, London, GBR, EC4A 4AH
Trainline PLC are the main independent rail and coach travel platform selling rail and coach tickets world'wide. The Group has three operating segments UK Consumer includes Travel apps and websites for individual travellers for journeys within the UK; International Consumer includes Travel apps and websites for individual travellers for journeys outside the UK including journeys between the UK and outside the UK, and Trainline Solutions1 includes Travel portal platforms for Trainline's own branded business units, in addition to external corporates, travel management companies and whitelabel ecommerce platforms for Train Operating Companies. It generates majority of revenue from UK Consumer. It has presence in UK and Rest of world of which majority of revenue comes from UK.
70GF Score

Get the complete analysis for TNLIF

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

$2.97
Price
$5.21
GF Value