Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Theta Gold MinesFRA:3LM 29 10-Year ROIIC % is 29.78 as of Jun. 2025. GuruFocus rates FRA:3LM with a GF Score™ of 29/100. The stock has 2 warning signs investors should review. Among 1,874 Metals & Mining companies, Theta Gold Mines ranks better than 83.99% 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.
Theta Gold Mines's 10-Year ROIIC % for the quarter that ended in Jun. 2025 was 29.78%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Theta Gold Mines's 10-Year ROIIC % or its related term are showing as below:
FRA:3LM's 10-Year ROIIC % is ranked better than 83.99% of 1874
companies
in the Metals & Mining industry
Industry Median: -3.19
vs FRA:3LM: 29.78
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.
Theta Gold Mines 10-Year ROIIC % Related Terms
Theta Gold Mines 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Theta Gold Mines'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 Gold subindustry, Theta Gold Mines'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.
Theta Gold Mines 10-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Theta Gold Mines's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Theta Gold Mines's 10-Year ROIIC % falls into.
Theta Gold Mines's 10-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( -3.968 (Jun. 2025) - -10.802 (Jun. 2015) )
/
( 29.914 (Jun. 2025) - 16.385 (Jun. 2015) )
=
6.834
/
13.529
=
50.51%***
* 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.
Theta Gold Mines (FRA:3LM) has a 10-Year ROIIC % of 29.78 as of Jun. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Theta Gold Mines and its competitors. According to the industry distribution chart, Theta Gold Mines ranks #300 out of 1874 companies in the Metals & Mining industry, placing it in the top 16%.
Is Theta Gold Mines' 10-Year ROIIC % too high?
Theta Gold Mines' current 10-Year ROIIC % is 29.78. Based on the distribution chart, Theta Gold Mines ranks #300 out of 1874 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Theta Gold Mines has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Theta Gold Mines' 10-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Theta Gold Mines ranks #300 out of 1874 companies for 10-Year ROIIC %. This places Theta Gold Mines in the top 16% 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 Theta Gold Mines and its competitors. Theta Gold Mines's current 10-Year ROIIC % is 29.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Theta Gold Mines stock overvalued right now?
Theta Gold Mines (FRA:3LM) has a current 10-Year ROIIC % of 29.78. The current 10-Year ROIIC % is 29.78. Theta Gold Mines' overall GF Score™ is 29/100 with 2 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 Theta Gold Mines (FRA:3LM), the current 10-Year ROIIC % is 29.78 as of Jun. 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.
Theta Gold Mines Ltd is a gold exploration and development company. The company holds gold assets in the South African gold mining region. The projects of the company include the TGME Project near the historic gold mining town of Pilgrims Rest in Mpumalanga Province, and other projects.
29GF Score
Get the complete analysis for FRA:3LM
10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:3LM has been successfully added to your 
