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Messer Tehnogas a.dXBEL:TGAS 100 3-Year ROIIC % is 43.52 as of Dec. 2025, which is 54% above its 10-year median of 28.34. GuruFocus rates XBEL:TGAS with a GF Score™ of 100/100 and a GF Value™ of RSD28,970.67 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,522 Chemicals companies, Messer Tehnogas a.d ranks better than 86.53% 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.
Messer Tehnogas a.d's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 43.52%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Messer Tehnogas a.d's 3-Year ROIIC % or its related term are showing as below:
XBEL:TGAS's 3-Year ROIIC % is ranked better than 86.53% of 1522
companies
in the Chemicals industry
Industry Median: 0.02
vs XBEL:TGAS: 43.52
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.
Messer Tehnogas a.d 3-Year ROIIC % Related Terms
Messer Tehnogas a.d 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Messer Tehnogas a.d'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.
XBEL:TGAS vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Messer Tehnogas a.d'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.
Messer Tehnogas a.d 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Messer Tehnogas a.d's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Messer Tehnogas a.d's 3-Year ROIIC % falls into.
* 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.
Messer Tehnogas a.d (XBEL:TGAS) has a 3-Year ROIIC % of 43.52 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 Messer Tehnogas a.d and its competitors. This is 54% above median its historical median of 28.34. Over the past decade, Messer Tehnogas a.d's 3-Year ROIIC % has ranged from 0.94 to 59.92. According to the industry distribution chart, Messer Tehnogas a.d ranks #205 out of 1522 companies in the Chemicals industry, placing it in the top 13.5%.
Is Messer Tehnogas a.d's 3-Year ROIIC % too high?
Messer Tehnogas a.d's current 3-Year ROIIC % of 43.52 is 54% above median its 10-year median of 28.34. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 59.92. The Chemicals industry median 3-Year ROIIC % is 0.02. Messer Tehnogas a.d's value of 43.52 is 217500% above this industry median. Based on the distribution chart, Messer Tehnogas a.d ranks #205 out of 1522 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Messer Tehnogas a.d has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Messer Tehnogas a.d's 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Messer Tehnogas a.d ranks #205 out of 1522 companies for 3-Year ROIIC %. This places Messer Tehnogas a.d in the top 14% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 0.02. Messer Tehnogas a.d's value of 43.52 is 217500% above this benchmark. Historically, Messer Tehnogas a.d's own 3-Year ROIIC % has ranged from 0.94 to 59.92 over the past decade. While the company's 10-year median is 28.34 vs. the industry median of 0.02, Messer Tehnogas a.d 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 0.02, based on 1,522 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. Messer Tehnogas a.d's current 3-Year ROIIC % of 43.52 is 217500% 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 Messer Tehnogas a.d and its competitors. For the Chemicals industry, the median 3-Year ROIIC % is 0.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Messer Tehnogas a.d's current 3-Year ROIIC % is 43.52, which is 54% above median its own 10-year median of 28.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Messer Tehnogas a.d stock overvalued right now?
Based on GuruFocus' analysis, Messer Tehnogas a.d (XBEL:TGAS) is currently considered Modestly Overvalued. The stock's GF Value™ is RSD28,970.67, compared to a current price of RSD32,900.00 — trading 13.6% above its estimated fair value. The current 3-Year ROIIC % is 43.52, which is 54% above median its 10-year median of 28.34 and 217500% above the Chemicals industry median of 0.02. Messer Tehnogas a.d's overall GF Score™ is 100/100 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 Messer Tehnogas a.d (XBEL:TGAS), the current 3-Year ROIIC % is 43.52 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 Messer Tehnogas a.d (XBEL:TGAS) Overvalued in 2026?
Based on GuruFocus' analysis, Messer Tehnogas a.d stock appears to be overvalued.
The current stock price of RSD32,900.00 is trading 13.6% above its estimated GF Value™ of RSD28,970.67.
GuruFocus considers Messer Tehnogas a.d to be Modestly Overvalued.
Key valuation signals for XBEL:TGAS:
3-Year ROIIC %: 43.52 (54% above median its 10-year median of 28.34)
GF Value™: RSD28,970.67 vs. price of RSD32,900.00 (13.6% above fair value)
Industry Position: 217500% above the Chemicals median (#205 of 1522)
No single metric tells the full story. See the XBEL:TGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Messer Tehnogas a.d. is engaged in the production and marketing of industrial and medical gases. The company serves steel and metal, metallurgy, chemical and petrochemical, food and beverage, pharmaceutical, automobile, electronics, medicine, home care, cutting and welding, water treatment and ecology and scientific research industry. Its products include oxygen, azot, argon, hydrogen, helium, home care, special gases, distribution line, HFC refrigerant fluids, natural cooling fluids, and other gases.
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