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10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Benchmark Electronics's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was -50.82%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Benchmark Electronics's 10-Year ROIIC % or its related term are showing as below:
BHE's 10-Year ROIIC % is ranked worse than 90.97% of 2159
companies
in the Hardware industry
Industry Median: 4.27
vs BHE: -50.82
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.
Benchmark Electronics 10-Year ROIIC % Related Terms
Benchmark Electronics 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Benchmark Electronics's 10-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.
For the Electronic Components subindustry, Benchmark Electronics's 10-Year ROIIC %, along with its competitors' market caps and 10-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.
Benchmark Electronics 10-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Benchmark Electronics's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Benchmark Electronics's 10-Year ROIIC % falls into.
Benchmark Electronics's 10-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 42.6473971 (Dec. 2025) - 106.83 (Dec. 2015) )
/
( 1233.369 (Dec. 2025) - 1107.073 (Dec. 2015) )
=
-64.1826029
/
126.296
=
-50.82%***
* 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 10-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.
Benchmark Electronics (BHE) has a 10-Year ROIIC % of -50.82 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Benchmark Electronics and its competitors. According to the industry distribution chart, Benchmark Electronics ranks #1964 out of 2159 companies in the Hardware industry, placing it in the top 91%.
Is Benchmark Electronics' 10-Year ROIIC % too high?
Benchmark Electronics' current 10-Year ROIIC % is -50.82. Based on the distribution chart, Benchmark Electronics ranks #1964 out of 2159 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Benchmark Electronics has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benchmark Electronics' 10-Year ROIIC % compare to KN and ROG?
According to the Hardware industry distribution chart, Benchmark Electronics ranks #1964 out of 2159 companies for 10-Year ROIIC %. This places Benchmark Electronics in the lower half of its industry. The industry median 10-Year ROIIC % is 4.27. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Hardware company?
The median 10-Year ROIIC % among Hardware companies is 4.27, based on 2,159 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Benchmark Electronics and its competitors. For the Hardware industry, the median 10-Year ROIIC % is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Benchmark Electronics's current 10-Year ROIIC % is -50.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benchmark Electronics stock overvalued right now?
Based on GuruFocus' analysis, Benchmark Electronics (BHE) is currently considered Significantly Overvalued. The stock's GF Value™ is $43.98, compared to a current price of $72.64 — trading 65.2% above its estimated fair value. The current 10-Year ROIIC % is -50.82. Benchmark Electronics' overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Benchmark Electronics (BHE), the current 10-Year ROIIC % is -50.82 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 Benchmark Electronics (BHE) Overvalued in 2026?
Based on GuruFocus' analysis, Benchmark Electronics stock appears to be overvalued.
The current stock price of $72.64 is trading 65.2% above its estimated GF Value™ of $43.98.
GuruFocus considers Benchmark Electronics to be Significantly Overvalued.
Key valuation signals for BHE:
10-Year ROIIC %: -50.82
GF Value™: $43.98 vs. price of $72.64 (65.2% above fair value)
No single metric tells the full story. See the BHE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Benchmark Electronics Inc is engaged in product designing, engineering services, technology solutions, and manufacturing services (electronic manufacturing services (EMS) and precision technology services). It serves various industries, including aerospace & defense (A&D), medical technologies, complex industrials, semiconductor capital equipment, next-generation telecommunications, and high-end computing. Its geographical segments are the Americas, Asia, and Europe, of which key revenue is derived from the Americas.
66GF Score
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