5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year.
Coca-Cola HBC AG's 5-Year ROIIC % for the quarter that ended in Dec. 2025 was 19.44%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Coca-Cola HBC AG's 5-Year ROIIC % or its related term are showing as below:
ATH:EEE's 5-Year ROIIC % is ranked better than 66.99% of 103
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 11.86
vs ATH:EEE: 19.44
Coca-Cola HBC AG (ATH:EEE) 5-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.
Coca-Cola HBC AG 5-Year ROIIC % Related Terms
Coca-Cola HBC AG 5-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Coca-Cola HBC AG's 5-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.
ATH:EEE vs KO, PEP, MNST: 5-Year ROIIC % Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG's 5-Year ROIIC %, along with its competitors' market caps and 5-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.
Coca-Cola HBC AG 5-Year ROIIC % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Coca-Cola HBC AG's 5-Year ROIIC % falls into.
Coca-Cola HBC AG's 5-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
5-Year ROIIC %
=
5-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
5-Year Incremental Invested Capital**
=
( 967.00275 (Dec. 2025) - 453.59108 (Dec. 2020) )
/
( 8754.7 (Dec. 2025) - 5987 (Dec. 2020) )
=
513.41167
/
2767.7
=
18.55%***
* 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 5-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.
Coca-Cola HBC AG (ATH:EEE) has a 5-Year ROIIC % of 19.44 as of Dec. 2025. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Coca-Cola HBC AG and its competitors. According to the industry distribution chart, Coca-Cola HBC AG ranks #34 out of 103 companies in the Beverages - Non-Alcoholic industry, placing it in the top 33%.
Is Coca-Cola HBC AG's 5-Year ROIIC % too high?
Coca-Cola HBC AG's current 5-Year ROIIC % is 19.44. The Beverages - Non-Alcoholic industry median 5-Year ROIIC % is 11.86. Coca-Cola HBC AG's value of 19.44 is 63.9% above this industry median. Based on the distribution chart, Coca-Cola HBC AG ranks #34 out of 103 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Coca-Cola HBC AG has a GF Score™ of 97/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola HBC AG's 5-Year ROIIC % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola HBC AG ranks #34 out of 103 companies for 5-Year ROIIC %. This puts Coca-Cola HBC AG in the upper half of its industry. The industry median 5-Year ROIIC % is 11.86. Coca-Cola HBC AG's value of 19.44 is 63.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for a Beverages - Non-Alcoholic company?
The median 5-Year ROIIC % among Beverages - Non-Alcoholic companies is 11.86, based on 103 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Coca-Cola HBC AG's current 5-Year ROIIC % of 19.44 is 63.9% 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 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Coca-Cola HBC AG and its competitors. For the Beverages - Non-Alcoholic industry, the median 5-Year ROIIC % is 11.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola HBC AG's current 5-Year ROIIC % is 19.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola HBC AG stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola HBC AG (ATH:EEE) is currently considered Significantly Overvalued. The stock's GF Value™ is €38.55, compared to a current price of €57.00 — trading 47.9% above its estimated fair value. The current 5-Year ROIIC % is 19.44 and 63.9% above the Beverages - Non-Alcoholic industry median of 11.86. Coca-Cola HBC AG's overall GF Score™ is 97/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For Coca-Cola HBC AG (ATH:EEE), the current 5-Year ROIIC % is 19.44 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 Coca-Cola HBC AG (ATH:EEE) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola HBC AG stock appears to be overvalued.
The current stock price of €57.00 is trading 47.9% above its estimated GF Value™ of €38.55.
GuruFocus considers Coca-Cola HBC AG to be Significantly Overvalued.
Key valuation signals for ATH:EEE:
5-Year ROIIC %: 19.44
GF Value™: €38.55 vs. price of €57.00 (47.9% above fair value)
Industry Position: 63.9% above the Beverages - Non-Alcoholic median (#34 of 103)
No single metric tells the full story. See the ATH:EEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2025, CCHBC sold 2.9 billion unit cases of beverages. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.
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