Kardex Holding AGXSWX:KARN -0.42%96 3-Year ROIIC % is 39.43 as of Dec. 2025, which is 6% above its 10-year median of 37.07. GuruFocus rates XSWX:KARN with a GF Score™ of 96/100 and a GF Value™ of CHF307.28 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,937 Industrial Products companies, Kardex Holding AG ranks better than 83.96% 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.
Kardex Holding AG's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 39.43%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Kardex Holding AG's 3-Year ROIIC % or its related term are showing as below:
XSWX:KARN's 3-Year ROIIC % is ranked better than 83.96% of 2937
companies
in the Industrial Products industry
Industry Median: 3.36
vs XSWX:KARN: 39.43
Kardex Holding AG (XSWX:KARN) 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.
Kardex Holding AG 3-Year ROIIC % Related Terms
Kardex Holding AG 3-Year ROIIC % Historical Data
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The historical data trend for Kardex Holding AG'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.
XSWX:KARN vs GEV, ETN, PH: 3-Year ROIIC % Comparison
For the Specialty Industrial Machinery subindustry, Kardex Holding AG'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.
Kardex Holding AG 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kardex Holding AG's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Kardex Holding AG's 3-Year ROIIC % falls into.
Kardex Holding AG'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**
=
( 59.540637 (Dec. 2025) - 40.442961 (Dec. 2022) )
/
( 262.679 (Dec. 2025) - 214.248 (Dec. 2022) )
=
19.097676
/
48.431
=
39.43%***
* 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.
Kardex Holding AG (XSWX:KARN) has a 3-Year ROIIC % of 39.43 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 Kardex Holding AG and its competitors. This is near median its historical median of 37.07. According to the industry distribution chart, Kardex Holding AG ranks #471 out of 2937 companies in the Industrial Products industry, placing it in the top 16%.
Is Kardex Holding AG's 3-Year ROIIC % too high?
Kardex Holding AG's current 3-Year ROIIC % of 39.43 is near median its 10-year median of 37.07. The Industrial Products industry median 3-Year ROIIC % is 3.36. Kardex Holding AG's value of 39.43 is 1073.5% above this industry median. Based on the distribution chart, Kardex Holding AG ranks #471 out of 2937 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Kardex Holding AG has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kardex Holding AG's 3-Year ROIIC % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kardex Holding AG ranks #471 out of 2937 companies for 3-Year ROIIC %. This places Kardex Holding AG in the top 16% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.36. Kardex Holding AG's value of 39.43 is 1073.5% above this benchmark. While the company's 10-year median is 37.07 vs. the industry median of 3.36, Kardex Holding AG 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 3.36, based on 2,937 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. Kardex Holding AG's current 3-Year ROIIC % of 39.43 is 1073.5% 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 Kardex Holding AG and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardex Holding AG's current 3-Year ROIIC % is 39.43, which is near median its own 10-year median of 37.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardex Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Kardex Holding AG (XSWX:KARN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF307.28, compared to a current price of CHF236.50 — trading 23% below its estimated fair value. The current 3-Year ROIIC % is 39.43, which is near median its 10-year median of 37.07 and 1073.5% above the Industrial Products industry median of 3.36. Kardex Holding AG's overall GF Score™ is 96/100 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 Kardex Holding AG (XSWX:KARN), the current 3-Year ROIIC % is 39.43 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 Kardex Holding AG (XSWX:KARN) Overvalued in 2026?
Based on GuruFocus' analysis, Kardex Holding AG stock appears to be undervalued.
The current stock price of CHF236.50 is trading 23% below its estimated GF Value™ of CHF307.28.
GuruFocus considers Kardex Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:KARN:
3-Year ROIIC %: 39.43 (near median its 10-year median of 37.07)
GF Value™: CHF307.28 vs. price of CHF236.50 (23% below fair value)
Industry Position: 1073.5% above the Industrial Products median (#471 of 2937)
No single metric tells the full story. See the XSWX:KARN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kardex Holding AG is a partner for intralogistics solutions. The Group offers premium automated products, standardized systems, and life cycle services and provides dynamic storage and retrieval systems, integrated material handling systems, small parts storage systems including multi-shuttle technology, automated high-bay warehouses, and flexible and modular storage and order fulfillment solutions as an AutoStore partner. It is organized into two reporting segments: Automated Products, which generates maximum revenue, and Standardized Systems. Automated Products consists of the Business Unit Kardex Remstar, while Standardized Systems includes the Business Units Kardex Mlog, Kardex AS Solutions, and Rocket Solution. The company operates in Europe, the Americas, and Asia-Pacific.
96GF Score
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