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Stella-JonesTSX:SJ -1.10%94 3-Year ROIIC % is 9.72 as of Dec. 2025, which is 3% below its 10-year median of 10.06. GuruFocus rates TSX:SJ with a GF Score™ of 94/100 and a GF Value™ of C$85.32 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 268 Forest Products companies, Stella-Jones ranks better than 63.43% 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.
Stella-Jones's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 9.72%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Stella-Jones's 3-Year ROIIC % or its related term are showing as below:
TSX:SJ's 3-Year ROIIC % is ranked better than 63.43% of 268
companies
in the Forest Products industry
Industry Median: -0.74
vs TSX:SJ: 9.72
Stella-Jones (TSX:SJ) 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.
Stella-Jones 3-Year ROIIC % Related Terms
Stella-Jones 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Stella-Jones'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:SJ vs SSD, UFPI, BCC: 3-Year ROIIC % Comparison
For the Lumber & Wood Production subindustry, Stella-Jones'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.
Stella-Jones 3-Year ROIIC % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Stella-Jones's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Stella-Jones's 3-Year ROIIC % falls into.
Stella-Jones'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**
=
( 367.9032 (Dec. 2025) - 265.4087 (Dec. 2022) )
/
( 3920 (Dec. 2025) - 2865 (Dec. 2022) )
=
102.4945
/
1055
=
9.72%***
* 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.
Stella-Jones (TSX:SJ) has a 3-Year ROIIC % of 9.72 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 Stella-Jones and its competitors. This is near median its historical median of 10.06. According to the industry distribution chart, Stella-Jones ranks #98 out of 268 companies in the Forest Products industry, placing it in the top 36.6%.
Is Stella-Jones' 3-Year ROIIC % too high?
Stella-Jones' current 3-Year ROIIC % of 9.72 is near median its 10-year median of 10.06. Based on the distribution chart, Stella-Jones ranks #98 out of 268 companies in the Forest Products industry, which is above the industry midpoint. Overall, Stella-Jones has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stella-Jones' 3-Year ROIIC % compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Stella-Jones ranks #98 out of 268 companies for 3-Year ROIIC %. This puts Stella-Jones in the upper 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 Forest Products company?
A good 3-Year ROIIC % depends on the Forest Products 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 Stella-Jones and its competitors. Stella-Jones's current 3-Year ROIIC % is 9.72, which is near median its own 10-year median of 10.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stella-Jones stock overvalued right now?
Based on GuruFocus' analysis, Stella-Jones (TSX:SJ) is currently considered Modestly Undervalued. The stock's GF Value™ is C$85.32, compared to a current price of C$76.64 — trading 10.2% below its estimated fair value. The current 3-Year ROIIC % is 9.72, which is near median its 10-year median of 10.06. Stella-Jones' overall GF Score™ is 94/100 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 Stella-Jones (TSX:SJ), the current 3-Year ROIIC % is 9.72 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 Stella-Jones (TSX:SJ) Overvalued in 2026?
Based on GuruFocus' analysis, Stella-Jones stock appears to be undervalued.
The current stock price of C$76.64 is trading 10.2% below its estimated GF Value™ of C$85.32.
GuruFocus considers Stella-Jones to be Modestly Undervalued.
Key valuation signals for TSX:SJ:
3-Year ROIIC %: 9.72 (near median its 10-year median of 10.06)
GF Value™: C$85.32 vs. price of C$76.64 (10.2% below fair value)
No single metric tells the full story. See the TSX:SJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and the Logs & Lumber segment comprises the sales of logs harvested in the course of the company's procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets. The vast majority of its revenue comes from the Pressure-treated wood segment. Its geographical segments are the United States and Canada, and the majority of its revenue is derived from the United States.
94GF Score
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