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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.
Santam's 5-Year ROIIC % for the quarter that ended in Dec. 2025 was 16.93%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Santam's 5-Year ROIIC % or its related term are showing as below:
NAM:SNM's 5-Year ROIIC % is ranked better than 83.55% of 310
companies
in the Insurance industry
Industry Median: 3.4
vs NAM:SNM: 16.93
Santam (NAM:SNM) 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.
Santam 5-Year ROIIC % Related Terms
Santam 5-Year ROIIC % Historical Data
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The historical data trend for Santam'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.
NAM:SNM vs FNF, AXS, FAF: 5-Year ROIIC % Comparison
For the Insurance - Specialty subindustry, Santam'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.
Santam 5-Year ROIIC % vs Insurance Industry
For the Insurance industry and Financial Services sector, Santam's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Santam's 5-Year ROIIC % falls into.
Santam'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**
=
( 5402.0925 (Dec. 2025) - 542.3049 (Dec. 2020) )
/
( 76651.8 (Dec. 2025) - 47954.9 (Dec. 2020) )
=
4859.7876
/
28696.9
=
16.93%***
* 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.
Santam (NAM:SNM) has a 5-Year ROIIC % of 16.93 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 Santam and its competitors. According to the industry distribution chart, Santam ranks #51 out of 310 companies in the Insurance industry, placing it in the top 16.5%.
Is Santam's 5-Year ROIIC % too high?
Santam's current 5-Year ROIIC % is 16.93. The Insurance industry median 5-Year ROIIC % is 3.40. Santam's value of 16.93 is 397.9% above this industry median. Based on the distribution chart, Santam ranks #51 out of 310 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Santam has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Santam's 5-Year ROIIC % compare to FNF and AXS?
According to the Insurance industry distribution chart, Santam ranks #51 out of 310 companies for 5-Year ROIIC %. This places Santam in the top 17% of its industry — outperforming the majority of peers. The industry median 5-Year ROIIC % is 3.40. Santam's value of 16.93 is 397.9% 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 an Insurance company?
The median 5-Year ROIIC % among Insurance companies is 3.40, based on 310 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. Santam's current 5-Year ROIIC % of 16.93 is 397.9% 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 Santam and its competitors. For the Insurance industry, the median 5-Year ROIIC % is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Santam's current 5-Year ROIIC % is 16.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Santam stock overvalued right now?
Based on GuruFocus' analysis, Santam (NAM:SNM) is currently considered Modestly Undervalued. The stock's GF Value™ is R469.99, compared to a current price of R398.15 — trading 15.3% below its estimated fair value. The current 5-Year ROIIC % is 16.93 and 397.9% above the Insurance industry median of 3.40. Santam's overall GF Score™ is 80/100 with 2 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 Santam (NAM:SNM), the current 5-Year ROIIC % is 16.93 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 Santam (NAM:SNM) Overvalued in 2026?
Based on GuruFocus' analysis, Santam stock appears to be undervalued.
The current stock price of R398.15 is trading 15.3% below its estimated GF Value™ of R469.99.
GuruFocus considers Santam to be Modestly Undervalued.
Key valuation signals for NAM:SNM:
5-Year ROIIC %: 16.93
GF Value™: R469.99 vs. price of R398.15 (15.3% below fair value)
Industry Position: 397.9% above the Insurance median (#51 of 310)
No single metric tells the full story. See the NAM:SNM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Santam Ltd is a South African general insurance group. The company offers a range of policies against eventualities such as property damage, motor accidents, loss of income, crop losses, and catastrophe events, as well as reinsurance. The company helps mitigate risk to protect and grow financial well-being, and clients' insured losses are paid out of invested premiums.
80GF Score
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