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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.
AirAsia Group Bhd does not have enough data to calculate 3-Year ROIIC %.
AirAsia Group Bhd (XKLS:5238) 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.
AirAsia Group Bhd 3-Year ROIIC % Related Terms
AirAsia Group Bhd 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for AirAsia Group Bhd'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.
XKLS:5238 vs DAL, UAL, LUV: 3-Year ROIIC % Comparison
For the Airlines subindustry, AirAsia Group Bhd'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.
AirAsia Group Bhd 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, AirAsia Group Bhd's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where AirAsia Group Bhd's 3-Year ROIIC % falls into.
AirAsia Group Bhd'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**
=
( 96.005455 (Dec. 2025) - (Dec. 2022) )
/
( 3113.115 (Dec. 2025) - (Dec. 2022) )
=
/
=
N/A%***
* 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.
AirAsia Group Bhd (XKLS:5238) has a 3-Year ROIIC % of -1.82 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 AirAsia Group Bhd and its competitors. According to the industry distribution chart, AirAsia Group Bhd ranks #573 out of 938 companies in the Transportation industry, placing it in the top 61.1%.
Is AirAsia Group Bhd's 3-Year ROIIC % too high?
AirAsia Group Bhd's current 3-Year ROIIC % is -1.82. Based on the distribution chart, AirAsia Group Bhd ranks #573 out of 938 companies in the Transportation industry, which is below the industry midpoint. Overall, AirAsia Group Bhd has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AirAsia Group Bhd's 3-Year ROIIC % compare to DAL and UAL?
According to the Transportation industry distribution chart, AirAsia Group Bhd ranks #573 out of 938 companies for 3-Year ROIIC %. This places AirAsia Group Bhd in the lower half of its industry. The industry median 3-Year ROIIC % is 2.01. 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 2.01, based on 938 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. 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 AirAsia Group Bhd and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AirAsia Group Bhd's current 3-Year ROIIC % is -1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirAsia Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, AirAsia Group Bhd (XKLS:5238) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.60, compared to a current price of RM1.08 — trading 32.5% below its estimated fair value. The current 3-Year ROIIC % is -1.82. AirAsia Group Bhd's overall GF Score™ is 48/100 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 AirAsia Group Bhd (XKLS:5238), the current 3-Year ROIIC % is -1.82 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 AirAsia Group Bhd (XKLS:5238) Overvalued in 2026?
Based on GuruFocus' analysis, AirAsia Group Bhd stock appears to be undervalued.
The current stock price of RM1.08 is trading 32.5% below its estimated GF Value™ of RM1.60.
GuruFocus considers AirAsia Group Bhd to be Possible Value Trap.
Key valuation signals for XKLS:5238:
3-Year ROIIC %: -1.82
GF Value™: RM1.60 vs. price of RM1.08 (32.5% below fair value)
No single metric tells the full story. See the XKLS:5238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AirAsia X Bhd is a medium-haul low-cost airline operating in the Asia-Pacific region. The company is servicing scheduled flight operations to Australia (Sydney, Melbourne and Perth), China (Beijing, Hangzhou, Shanghai, Changsha, Chengdu, Chongqing, and Xi'an), India (New Delhi), South Korea (Seoul), Japan (Tokyo, Osaka and Sapporo), Taiwan (Taipei), Indonesia (Bali), Saudi Arabia (Jeddah and Medina), Kazakhstan (Almaty) and Kenya (Nairobi) from two hubs: Kuala Lumpur and Bangkok. The Group's operating segment consists of Air Operator Certificate (AOC) held under the AirAsia brand, and is categorised as Malaysia, Thailand, and Indonesia. The company generates the majority of its revenue from Malaysia.
48GF Score
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