VGP (VGPBF) 3-Year ROIIC % : 6.85% (As of Dec. 2025) — 1803% Above Median


VGPBF VGP SA VGPBF
78 GF Score
Price $93.00
GF Value $171.06
Valuation Possible Value Trap
! 6 Warning Signs
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What is VGP 3-Year ROIIC %?

VGP VGPBF -2.14% 78 3-Year ROIIC % is 6.85 as of Dec. 2025, which is 1803% above its 10-year median of 0.36. GuruFocus rates VGPBF with a GF Score™ of 78/100 and a GF Value™ of $171.06 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,664 Real Estate companies, VGP ranks better than 67.61% 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. VGP's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 6.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

VGPBF's 3-Year ROIIC % is ranked better than
67.61% of 1664 companies
in the Real Estate industry
Industry Median: 2.35 vs VGPBF: 6.85

VGP  (OTCPK:VGPBF) 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.


VGP 3-Year ROIIC % Related Terms


VGP 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for VGP'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.

VGP 3-Year ROIIC % Chart

VGP 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 -0.94 0.89 1.90 8.18 6.85

VGP Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 1.90 0.00 8.18 0.00 6.85

VGPBF vs CBRE, BEKE, JLL: 3-Year ROIIC % Comparison

For the Real Estate Services subindustry, VGP'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.


VGP 3-Year ROIIC % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, VGP's 3-Year ROIIC % distribution charts can be found below:

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


VGPBF
78GF Score
VGP SA VGPBF
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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VGP 3-Year ROIIC % Calculation

VGP'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**
=( 77.8138522 (Dec. 2025) - 25.1188875 (Dec. 2022) )/( 5612.104 (Dec. 2025) - 4415.953 (Dec. 2022) )
=52.6949647/1196.151
=4.41%***

* 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 6.85 mean?
VGP (VGPBF) has a 3-Year ROIIC % of 6.85 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 VGP and its competitors. This is 1803% above median its historical median of 0.36. According to the industry distribution chart, VGP ranks #539 out of 1664 companies in the Real Estate industry, placing it in the top 32.4%.
Is VGP's 3-Year ROIIC % too high?
VGP's current 3-Year ROIIC % of 6.85 is 1803% above median its 10-year median of 0.36. The Real Estate industry median 3-Year ROIIC % is 2.35. VGP's value of 6.85 is 191.5% above this industry median. Based on the distribution chart, VGP ranks #539 out of 1664 companies in the Real Estate industry, which is above the industry midpoint. Overall, VGP has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VGP's 3-Year ROIIC % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, VGP ranks #539 out of 1664 companies for 3-Year ROIIC %. This puts VGP in the upper half of its industry. The industry median 3-Year ROIIC % is 2.35. VGP's value of 6.85 is 191.5% above this benchmark. While the company's 10-year median is 0.36 vs. the industry median of 2.35, VGP 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 Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.35, based on 1,664 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. VGP's current 3-Year ROIIC % of 6.85 is 191.5% 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 VGP and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VGP's current 3-Year ROIIC % is 6.85, which is 1803% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VGP stock overvalued right now?
Based on GuruFocus' analysis, VGP (VGPBF) is currently considered Possible Value Trap. The stock's GF Value™ is $171.06, compared to a current price of $93.00 — trading 45.6% below its estimated fair value. The current 3-Year ROIIC % is 6.85, which is 1803% above median its 10-year median of 0.36 and 191.5% above the Real Estate industry median of 2.35. VGP's overall GF Score™ is 78/100 with 6 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 VGP (VGPBF), the current 3-Year ROIIC % is 6.85 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 VGP (VGPBF) Overvalued in 2026?

Based on GuruFocus' analysis, VGP stock appears to be undervalued. The current stock price of $93.00 is trading 45.6% below its estimated GF Value™ of $171.06. GuruFocus considers VGP to be Possible Value Trap.

Key valuation signals for VGPBF:

  • 3-Year ROIIC %: 6.85 (1803% above median its 10-year median of 0.36)
  • GF Value™: $171.06 vs. price of $93.00 (45.6% below fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 191.5% above the Real Estate median (#539 of 1664)

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


VGP Business Description

Address Generaal Lemanstraat 55 Bus 4, B-2018 ANTWERP, Antwerp, BEL, B-2018
VGP SA is a real estate company. The company through its subsidiaries designs, constructs, and leases out logistics complexes and semi-industrial parks. Its business line includes Investment business, Property Development, and Property and asset management. The company derives the maximum rental income from the investment business. Geographically, it has a presence in Germany, Spain, Austria, the Czech Republic, Slovakia, Hungary, Latvia, and Romania.
78GF Score

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

$93.00
Price
$171.06
GF Value