Deutsche Lufthansa AGXSWX:LHA 69 3-Year ROIIC % is 1.52 as of Dec. 2025, which is 79% below its 10-year median of 7.29. GuruFocus rates XSWX:LHA with a GF Score™ of 69/100 and a GF Value™ of CHF7.47 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 936 Transportation companies, Deutsche Lufthansa AG ranks worse than 51.28% 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.
Deutsche Lufthansa AG's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.52%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Deutsche Lufthansa AG's 3-Year ROIIC % or its related term are showing as below:
XSWX:LHA's 3-Year ROIIC % is ranked worse than 51.28% of 936
companies
in the Transportation industry
Industry Median: 1.845
vs XSWX:LHA: 1.52
Deutsche Lufthansa AG (XSWX:LHA) 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.
Deutsche Lufthansa AG 3-Year ROIIC % Related Terms
Deutsche Lufthansa AG 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Deutsche Lufthansa 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:LHA vs DAL, UAL, LUV: 3-Year ROIIC % Comparison
For the Airlines subindustry, Deutsche Lufthansa 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.
Deutsche Lufthansa AG 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Deutsche Lufthansa AG's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Deutsche Lufthansa AG'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.
Deutsche Lufthansa AG (XSWX:LHA) has a 3-Year ROIIC % of 1.52 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 Deutsche Lufthansa AG and its competitors. This is 79% below median its historical median of 7.29. According to the industry distribution chart, Deutsche Lufthansa AG ranks #480 out of 936 companies in the Transportation industry, placing it in the top 51.3%.
Is Deutsche Lufthansa AG's 3-Year ROIIC % too high?
Deutsche Lufthansa AG's current 3-Year ROIIC % of 1.52 is 79% below median its 10-year median of 7.29. The Transportation industry median 3-Year ROIIC % is 1.85. Deutsche Lufthansa AG's value of 1.52 is 17.6% below this industry median. Based on the distribution chart, Deutsche Lufthansa AG ranks #480 out of 936 companies in the Transportation industry, which is below the industry midpoint. Overall, Deutsche Lufthansa AG has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Lufthansa AG's 3-Year ROIIC % compare to DAL and UAL?
According to the Transportation industry distribution chart, Deutsche Lufthansa AG ranks #480 out of 936 companies for 3-Year ROIIC %. This places Deutsche Lufthansa AG in the lower half of its industry. The industry median 3-Year ROIIC % is 1.85. Deutsche Lufthansa AG's value of 1.52 is 17.6% below this benchmark. While the company's 10-year median is 7.29 vs. the industry median of 1.85, Deutsche Lufthansa AG has consistently been below 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.85, based on 936 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. Deutsche Lufthansa AG's current 3-Year ROIIC % of 1.52 is 17.6% below 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 Deutsche Lufthansa AG and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Lufthansa AG's current 3-Year ROIIC % is 1.52, which is 79% below median its own 10-year median of 7.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Lufthansa AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Lufthansa AG (XSWX:LHA) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF7.47, compared to a current price of CHF8.98 — trading 20.2% above its estimated fair value. The current 3-Year ROIIC % is 1.52, which is 79% below median its 10-year median of 7.29 and 17.6% below the Transportation industry median of 1.85. Deutsche Lufthansa AG's overall GF Score™ is 69/100 with 8 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 Deutsche Lufthansa AG (XSWX:LHA), the current 3-Year ROIIC % is 1.52 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 Deutsche Lufthansa AG (XSWX:LHA) Overvalued in 2026?
Based on GuruFocus' analysis, Deutsche Lufthansa AG stock appears to be overvalued.
The current stock price of CHF8.98 is trading 20.2% above its estimated GF Value™ of CHF7.47.
GuruFocus considers Deutsche Lufthansa AG to be Modestly Overvalued.
Key valuation signals for XSWX:LHA:
3-Year ROIIC %: 1.52 (79% below median its 10-year median of 7.29)
GF Value™: CHF7.47 vs. price of CHF8.98 (20.2% above fair value)
Industry Position: 17.6% below the Transportation median (#480 of 936)
No single metric tells the full story. See the XSWX:LHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lufthansa AG is a European airline group operating through three primary segments: passenger airlines, logistics (Lufthansa Cargo), and MRO (Lufthansa Technik). The passenger airlines segment includes Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, and the equity interest in SunExpress. As of 2025, Lufthansa also holds a 41% stake in ITA Airways, with strategic integration underway.
69GF Score
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