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Lena LightingWAR:LEN -2.27%73 3-Year ROIIC % is 86.50 as of Dec. 2025, which is 979% above its 10-year median of 8.02. GuruFocus rates WAR:LEN with a GF Score™ of 73/100 and a GF Value™ of zł2.90 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,933 Industrial Products companies, Lena Lighting ranks better than 92.12% 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.
Lena Lighting's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 86.50%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Lena Lighting's 3-Year ROIIC % or its related term are showing as below:
WAR:LEN's 3-Year ROIIC % is ranked better than 92.12% of 2933
companies
in the Industrial Products industry
Industry Median: 3.47
vs WAR:LEN: 86.50
Lena Lighting (WAR:LEN) 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.
Lena Lighting 3-Year ROIIC % Related Terms
Lena Lighting 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Lena Lighting'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:LEN vs VRT, BE, HUBB: 3-Year ROIIC % Comparison
For the Electrical Equipment & Parts subindustry, Lena Lighting'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.
Lena Lighting 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Lena Lighting's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Lena Lighting's 3-Year ROIIC % falls into.
Lena Lighting'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**
=
( 2.101953 (Dec. 2025) - 10.1100096 (Dec. 2022) )
/
( 116.205 (Dec. 2025) - 125.463 (Dec. 2022) )
=
-8.0080566
/
-9.258
=
86.50%***
* 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.
Lena Lighting (WAR:LEN) has a 3-Year ROIIC % of 86.50 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 Lena Lighting and its competitors. This is 979% above median its historical median of 8.02. According to the industry distribution chart, Lena Lighting ranks #231 out of 2933 companies in the Industrial Products industry, placing it in the top 7.9%.
Is Lena Lighting's 3-Year ROIIC % too high?
Lena Lighting's current 3-Year ROIIC % of 86.50 is 979% above median its 10-year median of 8.02. The Industrial Products industry median 3-Year ROIIC % is 3.47. Lena Lighting's value of 86.50 is 2392.8% above this industry median. Based on the distribution chart, Lena Lighting ranks #231 out of 2933 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Lena Lighting has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lena Lighting's 3-Year ROIIC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Lena Lighting ranks #231 out of 2933 companies for 3-Year ROIIC %. This places Lena Lighting in the top 8% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.47. Lena Lighting's value of 86.50 is 2392.8% above this benchmark. While the company's 10-year median is 8.02 vs. the industry median of 3.47, Lena Lighting 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 an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.47, based on 2,933 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. Lena Lighting's current 3-Year ROIIC % of 86.50 is 2392.8% 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 Lena Lighting and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lena Lighting's current 3-Year ROIIC % is 86.50, which is 979% above median its own 10-year median of 8.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lena Lighting stock overvalued right now?
Based on GuruFocus' analysis, Lena Lighting (WAR:LEN) is currently considered Modestly Undervalued. The stock's GF Value™ is zł2.90, compared to a current price of zł2.15 — trading 25.9% below its estimated fair value. The current 3-Year ROIIC % is 86.50, which is 979% above median its 10-year median of 8.02 and 2392.8% above the Industrial Products industry median of 3.47. Lena Lighting's overall GF Score™ is 73/100 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 Lena Lighting (WAR:LEN), the current 3-Year ROIIC % is 86.50 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 Lena Lighting (WAR:LEN) Overvalued in 2026?
Based on GuruFocus' analysis, Lena Lighting stock appears to be undervalued.
The current stock price of zł2.15 is trading 25.9% below its estimated GF Value™ of zł2.90.
GuruFocus considers Lena Lighting to be Modestly Undervalued.
Key valuation signals for WAR:LEN:
3-Year ROIIC %: 86.50 (979% above median its 10-year median of 8.02)
GF Value™: zł2.90 vs. price of zł2.15 (25.9% below fair value)
Industry Position: 2392.8% above the Industrial Products median (#231 of 2933)
No single metric tells the full story. See the WAR:LEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lena Lighting SA is a Poland based producer of professional, investment light fittings. Its products include surface-mounted wall and ceiling fitting for use with fluorescent tubes; one-sided and double-sided evacuation lighting fittings.
73GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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