3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Aeva Technologies's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 162.32%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Aeva Technologies's 3-Year ROIIC % or its related term are showing as below:
AEVA's 3-Year ROIIC % is ranked better than 92.65% of 2625
companies
in the Software industry
Industry Median: 5.24
vs AEVA: 162.32
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.
Aeva Technologies 3-Year ROIIC % Related Terms
Aeva Technologies 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Aeva Technologies's 3-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 Software - Infrastructure subindustry, Aeva Technologies's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Aeva Technologies 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, Aeva Technologies's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Aeva Technologies's 3-Year ROIIC % falls into.
Aeva Technologies's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -127.597 (Dec. 2025) - -151.955 (Dec. 2022) )
/
( 44.097 (Dec. 2025) - 29.091 (Dec. 2022) )
=
24.358
/
15.006
=
162.32%***
* 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 3-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.
Aeva Technologies (AEVA) has a 3-Year ROIIC % of 162.32 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Aeva Technologies and its competitors. According to the industry distribution chart, Aeva Technologies ranks #193 out of 2625 companies in the Software industry, placing it in the top 7.4%.
Is Aeva Technologies' 3-Year ROIIC % too high?
Aeva Technologies' current 3-Year ROIIC % is 162.32. The Software industry median 3-Year ROIIC % is 5.24. Aeva Technologies' value of 162.32 is 2997.7% above this industry median. Based on the distribution chart, Aeva Technologies ranks #193 out of 2625 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Aeva Technologies has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aeva Technologies' 3-Year ROIIC % compare to PRGS and AI?
According to the Software industry distribution chart, Aeva Technologies ranks #193 out of 2625 companies for 3-Year ROIIC %. This places Aeva Technologies in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 5.24. Aeva Technologies' value of 162.32 is 2997.7% 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 3-Year ROIIC % for a Software company?
The median 3-Year ROIIC % among Software companies is 5.24, based on 2,625 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aeva Technologies's current 3-Year ROIIC % of 162.32 is 2997.7% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Aeva Technologies and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aeva Technologies's current 3-Year ROIIC % is 162.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeva Technologies stock overvalued right now?
Based on GuruFocus' analysis, Aeva Technologies (AEVA) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.93, compared to a current price of $19.34 — trading 14.2% above its estimated fair value. The current 3-Year ROIIC % is 162.32 and 2997.7% above the Software industry median of 5.24. Aeva Technologies' overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Aeva Technologies (AEVA), the current 3-Year ROIIC % is 162.32 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 Aeva Technologies (AEVA) Overvalued in 2026?
Based on GuruFocus' analysis, Aeva Technologies stock appears to be overvalued.
The current stock price of $19.34 is trading 14.2% above its estimated GF Value™ of $16.93.
GuruFocus considers Aeva Technologies to be Modestly Overvalued.
Key valuation signals for AEVA:
3-Year ROIIC %: 162.32
GF Value™: $16.93 vs. price of $19.34 (14.2% above fair value)
Industry Position: 2997.7% above the Software median (#193 of 2625)
No single metric tells the full story. See the AEVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aeva Technologies Inc through its Frequency Modulated Continuous Wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that, along with its proprietary software applications, has the potential to enable the adoption of LiDAR across broad applications from automated driving to consumer electronics, consumer health, industrial automation, and security application. The 4D LiDAR sensors are designed to detect both velocity and position, supporting perception and decision-making in automated systems. The company operates in North America, EMEA, and Asia. The company's revenue consists of sales of perception solutions or sensing systems and non-recurring engineering services. Geographically, it derives the majority of its revenue from North America.
68GF Score
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