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.
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.
Sincere Navigation's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 5.28%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Sincere Navigation's 10-Year ROIIC % or its related term are showing as below:
TPE:2605's 10-Year ROIIC % is ranked better than 55.71% of 797
companies
in the Transportation industry
Industry Median: 3.86
vs TPE:2605: 5.28
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.
Sincere Navigation 10-Year ROIIC % Related Terms
Sincere Navigation 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Sincere Navigation'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 Marine Shipping subindustry, Sincere Navigation'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.
Sincere Navigation 10-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Sincere Navigation's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Sincere Navigation's 10-Year ROIIC % falls into.
* 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.
Sincere Navigation (TPE:2605) has a 10-Year ROIIC % of 5.28 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 Sincere Navigation and its competitors. According to the industry distribution chart, Sincere Navigation ranks #353 out of 797 companies in the Transportation industry, placing it in the top 44.3%.
Is Sincere Navigation's 10-Year ROIIC % too high?
Sincere Navigation's current 10-Year ROIIC % is 5.28. The Transportation industry median 10-Year ROIIC % is 3.86. Sincere Navigation's value of 5.28 is 36.8% above this industry median. Based on the distribution chart, Sincere Navigation ranks #353 out of 797 companies in the Transportation industry, which is above the industry midpoint. Overall, Sincere Navigation has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sincere Navigation's 10-Year ROIIC % compare to competitors?
According to the Transportation industry distribution chart, Sincere Navigation ranks #353 out of 797 companies for 10-Year ROIIC %. This puts Sincere Navigation in the upper half of its industry. The industry median 10-Year ROIIC % is 3.86. Sincere Navigation's value of 5.28 is 36.8% 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 10-Year ROIIC % for a Transportation company?
The median 10-Year ROIIC % among Transportation companies is 3.86, based on 797 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. Sincere Navigation's current 10-Year ROIIC % of 5.28 is 36.8% 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 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 Sincere Navigation and its competitors. For the Transportation industry, the median 10-Year ROIIC % is 3.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sincere Navigation's current 10-Year ROIIC % is 5.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sincere Navigation stock overvalued right now?
Based on GuruFocus' analysis, Sincere Navigation (TPE:2605) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$28.93, compared to a current price of NT$32.55 — trading 12.5% above its estimated fair value. The current 10-Year ROIIC % is 5.28 and 36.8% above the Transportation industry median of 3.86. Sincere Navigation's overall GF Score™ is 84/100 with 4 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 Sincere Navigation (TPE:2605), the current 10-Year ROIIC % is 5.28 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 Sincere Navigation (TPE:2605) Overvalued in 2026?
Based on GuruFocus' analysis, Sincere Navigation stock appears to be overvalued.
The current stock price of NT$32.55 is trading 12.5% above its estimated GF Value™ of NT$28.93.
GuruFocus considers Sincere Navigation to be Modestly Overvalued.
Key valuation signals for TPE:2605:
10-Year ROIIC %: 5.28
GF Value™: NT$28.93 vs. price of NT$32.55 (12.5% above fair value)
Industry Position: 36.8% above the Transportation median (#353 of 797)
No single metric tells the full story. See the TPE:2605 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sincere Navigation Corp is a bulk shipping transportation company in Taiwan. The company's main business line is to provide an integrated shipping solution. It provides a consistent, high-quality transportation service to customers around the world in key industries such as coal and iron ore mining, steel, energy, and paper. It provides tug and barge services. Its segment includes the Bulk carrier and Oil tanker segments. It derives the majority of the revenue from the Bulk carrier segment.
84GF Score
Get the complete analysis for TPE:2605
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
TPE:2605 has been successfully added to your 
