Sphere 3DANY -0.41%60 3-Year ROIIC % is -96.59 as of Dec. 2025. GuruFocus rates ANY with a GF Score™ of 60/100 and a GF Value™ of $3.00 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 658 Capital Markets companies, Sphere 3D ranks worse than 91.49% on this metric.
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.
Sphere 3D's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -96.59%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Sphere 3D's 3-Year ROIIC % or its related term are showing as below:
ANY's 3-Year ROIIC % is ranked worse than 91.49% of 658
companies
in the Capital Markets industry
Industry Median: 2.78
vs ANY: -96.59
Sphere 3D (NAS:ANY) 3-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.
Sphere 3D 3-Year ROIIC % Related Terms
Sphere 3D 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Sphere 3D'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 Capital Markets subindustry, Sphere 3D'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.
Sphere 3D 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sphere 3D's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Sphere 3D's 3-Year ROIIC % falls into.
Sphere 3D'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**
=
( -12.517 (Dec. 2025) - -67.42 (Dec. 2022) )
/
( 19.611 (Dec. 2025) - 76.453 (Dec. 2022) )
=
54.903
/
-56.842
=
-96.59%***
* 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.
Sphere 3D (ANY) has a 3-Year ROIIC % of -96.59 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 Sphere 3D and its competitors. According to the industry distribution chart, Sphere 3D ranks #602 out of 658 companies in the Capital Markets industry, placing it in the top 91.5%.
Is Sphere 3D's 3-Year ROIIC % too high?
Sphere 3D's current 3-Year ROIIC % is -96.59. Based on the distribution chart, Sphere 3D ranks #602 out of 658 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Sphere 3D has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's 3-Year ROIIC % compare to SOS and FDCT?
According to the Capital Markets industry distribution chart, Sphere 3D ranks #602 out of 658 companies for 3-Year ROIIC %. This places Sphere 3D in the lower half of its industry. The industry median 3-Year ROIIC % is 2.78. 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.78, based on 658 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. 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 Sphere 3D and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere 3D's current 3-Year ROIIC % is -96.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere 3D stock overvalued right now?
Based on GuruFocus' analysis, Sphere 3D (ANY) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.00, compared to a current price of $2.44 — trading 18.7% below its estimated fair value. The current 3-Year ROIIC % is -96.59. Sphere 3D's overall GF Score™ is 60/100 with 4 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 Sphere 3D (ANY), the current 3-Year ROIIC % is -96.59 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 Sphere 3D (ANY) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere 3D stock appears to be undervalued.
The current stock price of $2.44 is trading 18.7% below its estimated GF Value™ of $3.00.
GuruFocus considers Sphere 3D to be Modestly Undervalued.
Key valuation signals for ANY:
3-Year ROIIC %: -96.59
GF Value™: $3.00 vs. price of $2.44 (18.7% below fair value)
No single metric tells the full story. See the ANY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sphere 3D Corp is engaged in the Bitcoin mining business. The company has established an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. It generates revenue from mining and selling Bitcoin.
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