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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.
Beat Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -206.38%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Beat Holdings's 3-Year ROIIC % or its related term are showing as below:
TSE:9399's 3-Year ROIIC % is ranked worse than 94.47% of 2623
companies
in the Software industry
Industry Median: 5.33
vs TSE:9399: -206.38
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.
Beat Holdings 3-Year ROIIC % Related Terms
Beat Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Beat Holdings'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.
TSE:9399 vs UBER, SHOP, CRM: 3-Year ROIIC % Comparison
For the Software - Application subindustry, Beat Holdings'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.
Beat Holdings 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, Beat Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Beat Holdings's 3-Year ROIIC % falls into.
Beat Holdings'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**
=
( -612 (Dec. 2025) - -321 (Dec. 2022) )
/
( 5749 (Dec. 2025) - 5608 (Dec. 2022) )
=
-291
/
141
=
-206.38%***
* 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.
Beat Holdings (TSE:9399) has a 3-Year ROIIC % of -206.38 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 Beat Holdings and its competitors. According to the industry distribution chart, Beat Holdings ranks #2478 out of 2623 companies in the Software industry, placing it in the top 94.5%.
Is Beat Holdings' 3-Year ROIIC % too high?
Beat Holdings' current 3-Year ROIIC % is -206.38. Based on the distribution chart, Beat Holdings ranks #2478 out of 2623 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Beat Holdings has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Beat Holdings' 3-Year ROIIC % compare to UBER and SHOP?
According to the Software industry distribution chart, Beat Holdings ranks #2478 out of 2623 companies for 3-Year ROIIC %. This places Beat Holdings in the lower half of its industry. The industry median 3-Year ROIIC % is 5.33. 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 Software company?
The median 3-Year ROIIC % among Software companies is 5.33, based on 2,623 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 Beat Holdings and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beat Holdings's current 3-Year ROIIC % is -206.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beat Holdings stock overvalued right now?
Based on GuruFocus' analysis, Beat Holdings (TSE:9399) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2.00, compared to a current price of 円15.00 — trading 650% above its estimated fair value. The current 3-Year ROIIC % is -206.38. Beat Holdings' overall GF Score™ is 31/100 with 5 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 Beat Holdings (TSE:9399), the current 3-Year ROIIC % is -206.38 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 Beat Holdings (TSE:9399) Overvalued in 2026?
Based on GuruFocus' analysis, Beat Holdings stock appears to be overvalued.
The current stock price of 円15.00 is trading 650% above its estimated GF Value™ of 円2.00.
GuruFocus considers Beat Holdings to be Significantly Overvalued.
Key valuation signals for TSE:9399:
3-Year ROIIC %: -206.38
GF Value™: 円2.00 vs. price of 円15.00 (650% above fair value)
No single metric tells the full story. See the TSE:9399 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beat Holdings Ltd is mainly engaged in the business of providing application-to-person (A2P) messaging service and software products and services. Its reportable segments are: the Messaging Business, which provides cloud-based A2P messaging services and software products and services; the Licensing Business, which provides licensing services for intellectual property rights and other rights related to application software owned by the group; and other businesses. The majority of its revenue is generated from the Messaging business. Geographically, the group generates maximum revenue from Asia, and the rest from Europe and other regions.
31GF Score
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