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.
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.
Black PointWAR:BPN +4.83%45 3-Year ROIIC % is 24.13 as of Dec. 2025, which is 66% above its 10-year median of 14.56. GuruFocus rates WAR:BPN with a GF Score™ of 45/100 and a GF Value™ of zł0.52 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,525 Chemicals companies, Black Point ranks better than 79.93% 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.
Black Point's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 24.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Black Point's 3-Year ROIIC % or its related term are showing as below:
WAR:BPN's 3-Year ROIIC % is ranked better than 79.93% of 1525
companies
in the Chemicals industry
Industry Median: 0.04
vs WAR:BPN: 24.13
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.
Black Point 3-Year ROIIC % Related Terms
Black Point 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Black Point'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.
WAR:BPN vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Black Point'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.
Black Point 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Black Point's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Black Point's 3-Year ROIIC % falls into.
Black Point'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**
=
( -0.457095 (Dec. 2025) - 0.948451 (Dec. 2022) )
/
( 8.338 (Dec. 2025) - 14.164 (Dec. 2022) )
=
-1.405546
/
-5.826
=
24.13%***
* 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.
Black Point (WAR:BPN) has a 3-Year ROIIC % of 24.13 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 Black Point and its competitors. This is 66% above median its historical median of 14.56. According to the industry distribution chart, Black Point ranks #306 out of 1525 companies in the Chemicals industry, placing it in the top 20.1%.
Is Black Point's 3-Year ROIIC % too high?
Black Point's current 3-Year ROIIC % of 24.13 is 66% above median its 10-year median of 14.56. The Chemicals industry median 3-Year ROIIC % is 0.04. Black Point's value of 24.13 is 60225% above this industry median. Based on the distribution chart, Black Point ranks #306 out of 1525 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Black Point has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Black Point's 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Black Point ranks #306 out of 1525 companies for 3-Year ROIIC %. This places Black Point in the top 20% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 0.04. Black Point's value of 24.13 is 60225% above this benchmark. While the company's 10-year median is 14.56 vs. the industry median of 0.04, Black Point 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 Chemicals company?
The median 3-Year ROIIC % among Chemicals companies is 0.04, based on 1,525 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. Black Point's current 3-Year ROIIC % of 24.13 is 60225% 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 Black Point and its competitors. For the Chemicals industry, the median 3-Year ROIIC % is 0.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Point's current 3-Year ROIIC % is 24.13, which is 66% above median its own 10-year median of 14.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Point stock overvalued right now?
Based on GuruFocus' analysis, Black Point (WAR:BPN) is currently considered Possible Value Trap. The stock's GF Value™ is zł0.52, compared to a current price of zł0.30 — trading 41.5% below its estimated fair value. The current 3-Year ROIIC % is 24.13, which is 66% above median its 10-year median of 14.56 and 60225% above the Chemicals industry median of 0.04. Black Point's overall GF Score™ is 45/100 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 Black Point (WAR:BPN), the current 3-Year ROIIC % is 24.13 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 Black Point (WAR:BPN) Overvalued in 2026?
Based on GuruFocus' analysis, Black Point stock appears to be undervalued.
The current stock price of zł0.30 is trading 41.5% below its estimated GF Value™ of zł0.52.
GuruFocus considers Black Point to be Possible Value Trap.
Key valuation signals for WAR:BPN:
3-Year ROIIC %: 24.13 (66% above median its 10-year median of 14.56)
GF Value™: zł0.52 vs. price of zł0.30 (41.5% below fair value)
Industry Position: 60225% above the Chemicals median (#306 of 1525)
No single metric tells the full story. See the WAR:BPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Point SA is a domestic manufacturer of toners and inks. The company also distributes stationery consumables such as tapes for dot matrix printers and thermal transfer rolls for fax machines.
45GF Score
Get the complete analysis for WAR:BPN
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:BPN has been successfully added to your 
