China Airlines (TPE:2610) 3-Year ROIIC % : 0.00% (As of Dec. 2025)

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.

TPE:2610 China Airlines Ltd TPE:2610
58 GF Score
Price NT$20.95
GF Value NT$26.16
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is China Airlines 3-Year ROIIC %?

China Airlines TPE:2610 +0.96% 58 3-Year ROIIC % is 0.00 as of Dec. 2025. GuruFocus rates TPE:2610 with a GF Score™ of 58/100 and a GF Value™ of NT$26.16 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 939 Transportation companies, China Airlines ranks worse than 106496.17% 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. China Airlines's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TPE:2610's 3-Year ROIIC % is not ranked *
in the Transportation industry.
Industry Median: 1.97
* Ranked among companies with meaningful 3-Year ROIIC % only.

China Airlines  (TPE:2610) 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.


China Airlines 3-Year ROIIC % Related Terms


China Airlines 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for China Airlines'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.

China Airlines 3-Year ROIIC % Chart

China Airlines 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 42.59 2.06 43.44 5.17 0.00

China Airlines Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 5.17 0.00 0.00 0.00 0.00

TPE:2610 vs DAL, UAL, LUV: 3-Year ROIIC % Comparison

For the Airlines subindustry, China Airlines'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.


China Airlines 3-Year ROIIC % vs Transportation Industry

For the Transportation industry and Industrials sector, China Airlines's 3-Year ROIIC % distribution charts can be found below:

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


TPE:2610
58GF Score
China Airlines Ltd TPE:2610
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Airlines 3-Year ROIIC % Calculation

China Airlines'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 (Dec. 2025) - 2181.2570226 (Dec. 2022) )/( 336061.329 (Dec. 2025) - 278469.639 (Dec. 2022) )
=/57591.69
=0.00%***

* 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 0.00 mean?
China Airlines (TPE:2610) has a 3-Year ROIIC % of 0.00 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 China Airlines and its competitors. According to the industry distribution chart, China Airlines ranks #999999 out of 939 companies in the Transportation industry.
Is China Airlines' 3-Year ROIIC % too high?
China Airlines' current 3-Year ROIIC % is 0.00. Based on the distribution chart, China Airlines ranks #999999 out of 939 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, China Airlines has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Airlines' 3-Year ROIIC % compare to DAL and UAL?
According to the Transportation industry distribution chart, China Airlines ranks #999999 out of 939 companies for 3-Year ROIIC %. This places China Airlines in the lower half of its industry. The industry median 3-Year ROIIC % is 1.97. 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.97, based on 939 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. 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 China Airlines and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Airlines's current 3-Year ROIIC % is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Airlines stock overvalued right now?
Based on GuruFocus' analysis, China Airlines (TPE:2610) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.16, compared to a current price of NT$20.95 — trading 19.9% below its estimated fair value. The current 3-Year ROIIC % is 0.00. China Airlines' overall GF Score™ is 58/100 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 China Airlines (TPE:2610), the current 3-Year ROIIC % is 0.00 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 China Airlines (TPE:2610) Overvalued in 2026?

Based on GuruFocus' analysis, China Airlines stock appears to be undervalued. The current stock price of NT$20.95 is trading 19.9% below its estimated GF Value™ of NT$26.16. GuruFocus considers China Airlines to be Modestly Undervalued.

Key valuation signals for TPE:2610:

  • 3-Year ROIIC %: 0.00
  • GF Value™: NT$26.16 vs. price of NT$20.95 (19.9% below fair value)
  • GF Score™: 58/100 with 3 warning signs

No single metric tells the full story. See the TPE:2610 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Airlines Business Description

Address No. 1, Hangzhan South Road, Dayuan District, Taoyuan, TWN
China Airlines Ltd provides air transportation services. The company is composed of its flight and non-flight segments. The flight segment is the core business of the firm and offers transport services primarily for passengers and cargo. A vast proportion of the companies revenue is generated from transporting passengers in its flight operating unit. The non-flight segment provides various services such as mail and ground solutions, data processing services to other airlines, aircraft maintenance, and aircraft leasing. It engages in air transportation services for passengers, cargo and others. The company's geographical segments include America, Northeast Asia, Southeast Asia, Europe, Australia, China, and Domestic.
58GF Score

Get the complete analysis for TPE:2610

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

NT$20.95
Price
NT$26.16
GF Value