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.
Algoma Steel Group's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -467.47%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Algoma Steel Group's 3-Year ROIIC % or its related term are showing as below:
TSX:ASTL's 3-Year ROIIC % is ranked worse than 98.18% of 606
companies
in the Steel industry
Industry Median: -0.22
vs TSX:ASTL: -467.47
Algoma Steel Group (TSX:ASTL) 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.
Algoma Steel Group 3-Year ROIIC % Related Terms
Algoma Steel Group 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Algoma Steel Group'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.
TSX:ASTL vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Algoma Steel Group'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.
Algoma Steel Group 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Algoma Steel Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Algoma Steel Group's 3-Year ROIIC % falls into.
Algoma Steel Group'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**
=
( -588.3444 (Dec. 2025) - 1046.3976 (Mar. 2022) )
/
( 1801.8 (Dec. 2025) - 1452.1 (Mar. 2022) )
=
-1634.742
/
349.7
=
-467.47%***
* 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.
Algoma Steel Group (TSX:ASTL) has a 3-Year ROIIC % of -467.47 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 Algoma Steel Group and its competitors. According to the industry distribution chart, Algoma Steel Group ranks #595 out of 606 companies in the Steel industry, placing it in the top 98.2%.
Is Algoma Steel Group's 3-Year ROIIC % too high?
Algoma Steel Group's current 3-Year ROIIC % is -467.47. Based on the distribution chart, Algoma Steel Group ranks #595 out of 606 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Algoma Steel Group has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Algoma Steel Group's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Algoma Steel Group ranks #595 out of 606 companies for 3-Year ROIIC %. This places Algoma Steel Group in the lower half of its industry. 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 Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. 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 Algoma Steel Group and its competitors. Algoma Steel Group's current 3-Year ROIIC % is -467.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Algoma Steel Group stock overvalued right now?
Based on GuruFocus' analysis, Algoma Steel Group (TSX:ASTL) is currently considered Possible Value Trap. The stock's GF Value™ is C$7.79, compared to a current price of C$5.13 — trading 34.1% below its estimated fair value. The current 3-Year ROIIC % is -467.47. Algoma Steel Group's overall GF Score™ is 59/100 with 7 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 Algoma Steel Group (TSX:ASTL), the current 3-Year ROIIC % is -467.47 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 Algoma Steel Group (TSX:ASTL) Overvalued in 2026?
Based on GuruFocus' analysis, Algoma Steel Group stock appears to be undervalued.
The current stock price of C$5.13 is trading 34.1% below its estimated GF Value™ of C$7.79.
GuruFocus considers Algoma Steel Group to be Possible Value Trap.
Key valuation signals for TSX:ASTL:
3-Year ROIIC %: -467.47
GF Value™: C$7.79 vs. price of C$5.13 (34.1% below fair value)
No single metric tells the full story. See the TSX:ASTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Algoma Steel Group Inc is a fully integrated steel producer of hot and cold rolled steel products, including coiled sheet and plate, strategically located. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from United States. The company generates the majority of its revenue from the sale of Steel sheets and strips.
59GF Score
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