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.
Argo Blockchain's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -35.80%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Argo Blockchain's 3-Year ROIIC % or its related term are showing as below:
ARBK's 3-Year ROIIC % is ranked worse than 83.84% of 656
companies
in the Capital Markets industry
Industry Median: 2.895
vs ARBK: -35.80
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.
Argo Blockchain 3-Year ROIIC % Related Terms
Argo Blockchain 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Argo Blockchain'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.
ARBK vs BTCS, BGDE, PLUT: 3-Year ROIIC % Comparison
For the Capital Markets subindustry, Argo Blockchain'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.
Argo Blockchain 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Argo Blockchain's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Argo Blockchain's 3-Year ROIIC % falls into.
Argo Blockchain'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**
=
( -9.774 (Dec. 2025) - -36.311121 (Dec. 2022) )
/
( 20.383 (Dec. 2025) - 94.506 (Dec. 2022) )
=
26.537121
/
-74.123
=
-35.80%***
* 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.
Argo Blockchain (ARBK) has a 3-Year ROIIC % of -35.80 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 Argo Blockchain and its competitors. According to the industry distribution chart, Argo Blockchain ranks #550 out of 656 companies in the Capital Markets industry, placing it in the top 83.8%.
Is Argo Blockchain's 3-Year ROIIC % too high?
Argo Blockchain's current 3-Year ROIIC % is -35.80. Based on the distribution chart, Argo Blockchain ranks #550 out of 656 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Argo Blockchain has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Argo Blockchain's 3-Year ROIIC % compare to BTCS and BGDE?
According to the Capital Markets industry distribution chart, Argo Blockchain ranks #550 out of 656 companies for 3-Year ROIIC %. This places Argo Blockchain in the lower half of its industry. The industry median 3-Year ROIIC % is 2.90. 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 2.90, based on 656 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 Argo Blockchain and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argo Blockchain's current 3-Year ROIIC % is -35.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argo Blockchain stock overvalued right now?
Based on GuruFocus' analysis, Argo Blockchain (ARBK) is currently considered Possible Value Trap. The stock's GF Value™ is $33.02, compared to a current price of $3.31 — trading 90% below its estimated fair value. The current 3-Year ROIIC % is -35.80. Argo Blockchain's overall GF Score™ is 49/100 with 5 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 Argo Blockchain (ARBK), the current 3-Year ROIIC % is -35.80 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 Argo Blockchain (ARBK) Overvalued in 2026?
Based on GuruFocus' analysis, Argo Blockchain stock appears to be undervalued.
The current stock price of $3.31 is trading 90% below its estimated GF Value™ of $33.02.
GuruFocus considers Argo Blockchain to be Possible Value Trap.
Key valuation signals for ARBK:
3-Year ROIIC %: -35.80
GF Value™: $33.02 vs. price of $3.31 (90% below fair value)
No single metric tells the full story. See the ARBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argo Blockchain PLC is a blockchain technology company focused on the large-scale mining of Bitcoin. It mines bitcoin using purpose-built computers (or mining machines) to solve complex cryptographic algorithms on the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. The company acquires and deploys mining technology solutions in North American facilities that utilize predominantly renewable and inexpensive electricity.
49GF Score
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