Ero CopperERO +2.08%87 10-Year ROIIC % is 27.60 as of Dec. 2025. GuruFocus rates ERO with a GF Score™ of 87/100 and a GF Value™ of $37.23 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,873 Metals & Mining companies, Ero Copper ranks better than 83.13% on this metric.
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.
Ero Copper does not have enough data to calculate 10-Year ROIIC %.
Ero Copper (NYSE:ERO) 10-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.
Ero Copper 10-Year ROIIC % Related Terms
Ero Copper 10-Year ROIIC % Historical Data
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The historical data trend for Ero Copper'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 Copper subindustry, Ero Copper'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.
Ero Copper 10-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ero Copper's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Ero Copper's 10-Year ROIIC % falls into.
Ero Copper'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**
=
( 215.4008265 (Dec. 2025) - (Dec. 2015) )
/
( 1789.656 (Dec. 2025) - (Dec. 2015) )
=
/
=
N/A%***
* 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.
Ero Copper (ERO) has a 10-Year ROIIC % of 27.60 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 Ero Copper and its competitors. According to the industry distribution chart, Ero Copper ranks #316 out of 1873 companies in the Metals & Mining industry, placing it in the top 16.9%.
Is Ero Copper's 10-Year ROIIC % too high?
Ero Copper's current 10-Year ROIIC % is 27.60. Based on the distribution chart, Ero Copper ranks #316 out of 1873 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Ero Copper has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ero Copper's 10-Year ROIIC % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Ero Copper ranks #316 out of 1873 companies for 10-Year ROIIC %. This places Ero Copper in the top 17% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good 10-Year ROIIC % depends on the Metals & Mining industry context. 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 Ero Copper and its competitors. Ero Copper's current 10-Year ROIIC % is 27.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ero Copper stock overvalued right now?
Based on GuruFocus' analysis, Ero Copper (ERO) is currently considered Significantly Undervalued. The stock's GF Value™ is $37.23, compared to a current price of $25.58 — trading 31.3% below its estimated fair value. The current 10-Year ROIIC % is 27.60. Ero Copper's overall GF Score™ is 87/100 with 5 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 Ero Copper (ERO), the current 10-Year ROIIC % is 27.60 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 Ero Copper (ERO) Overvalued in 2026?
Based on GuruFocus' analysis, Ero Copper stock appears to be undervalued.
The current stock price of $25.58 is trading 31.3% below its estimated GF Value™ of $37.23.
GuruFocus considers Ero Copper to be Significantly Undervalued.
Key valuation signals for ERO:
10-Year ROIIC %: 27.60
GF Value™: $37.23 vs. price of $25.58 (31.3% below fair value)
No single metric tells the full story. See the ERO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ero Copper Corp is a high-margin, high-growth copper producer with operations in Brazil. Its primary asset is its 99.6% ownership interest in Mineracao Caraiba S.A., held indirectly through its wholly-owned subsidiary. The company also owns a 97.6% ownership interest in NX Gold S.A. indirectly through its wholly-owned subsidiary. Its reporting segments include its three operating mines in Brazil, the Caraiba Operations, the Tucuma Operation, and the Xavantina Operations, and its corporate head office in Canada.
87GF Score
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