Avino Silver & Gold MinesASM +0.73%78 3-Year ROIIC % is 25.92 as of Dec. 2025, which is 88% above its 10-year median of 13.77. GuruFocus rates ASM with a GF Score™ of 78/100 and a GF Value™ of $2.08 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,301 Metals & Mining companies, Avino Silver & Gold Mines ranks better than 76.31% 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.
Avino Silver & Gold Mines's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 25.92%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Avino Silver & Gold Mines's 3-Year ROIIC % or its related term are showing as below:
ASM's 3-Year ROIIC % is ranked better than 76.31% of 2301
companies
in the Metals & Mining industry
Industry Median: -2.5
vs ASM: 25.92
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.
Avino Silver & Gold Mines 3-Year ROIIC % Related Terms
Avino Silver & Gold Mines 3-Year ROIIC % Historical Data
* 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 Other Precious Metals & Mining subindustry, Avino Silver & Gold Mines'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.
Avino Silver & Gold Mines 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Avino Silver & Gold Mines's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Avino Silver & Gold Mines's 3-Year ROIIC % falls into.
Avino Silver & Gold Mines'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**
=
( 23.984037 (Dec. 2025) - 3.5525203 (Dec. 2022) )
/
( 179.47 (Dec. 2025) - 101.983 (Dec. 2022) )
=
20.4315167
/
77.487
=
26.37%***
* 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.
Avino Silver & Gold Mines (ASM) has a 3-Year ROIIC % of 25.92 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 Avino Silver & Gold Mines and its competitors. This is 88% above median its historical median of 13.77. Over the past decade, Avino Silver & Gold Mines' 3-Year ROIIC % has ranged from 2.40 to 52.62. According to the industry distribution chart, Avino Silver & Gold Mines ranks #545 out of 2301 companies in the Metals & Mining industry, placing it in the top 23.7%.
Is Avino Silver & Gold Mines' 3-Year ROIIC % too high?
Avino Silver & Gold Mines' current 3-Year ROIIC % of 25.92 is 88% above median its 10-year median of 13.77. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 52.62. Based on the distribution chart, Avino Silver & Gold Mines ranks #545 out of 2301 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Avino Silver & Gold Mines has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Avino Silver & Gold Mines' 3-Year ROIIC % compare to HL?
According to the Metals & Mining industry distribution chart, Avino Silver & Gold Mines ranks #545 out of 2301 companies for 3-Year ROIIC %. This places Avino Silver & Gold Mines in the top 24% of its industry — outperforming the majority of peers. Historically, Avino Silver & Gold Mines' own 3-Year ROIIC % has ranged from 2.40 to 52.62 over the past decade. 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 Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining industry context. 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 Avino Silver & Gold Mines and its competitors. Avino Silver & Gold Mines's current 3-Year ROIIC % is 25.92, which is 88% above median its own 10-year median of 13.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avino Silver & Gold Mines stock overvalued right now?
Based on GuruFocus' analysis, Avino Silver & Gold Mines (ASM) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.08, compared to a current price of $6.20 — trading 197.8% above its estimated fair value. The current 3-Year ROIIC % is 25.92, which is 88% above median its 10-year median of 13.77. Avino Silver & Gold Mines' overall GF Score™ is 78/100 with 1 warning sign 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 Avino Silver & Gold Mines (ASM), the current 3-Year ROIIC % is 25.92 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 Avino Silver & Gold Mines (ASM) Overvalued in 2026?
Based on GuruFocus' analysis, Avino Silver & Gold Mines stock appears to be overvalued.
The current stock price of $6.20 is trading 197.8% above its estimated GF Value™ of $2.08.
GuruFocus considers Avino Silver & Gold Mines to be Significantly Overvalued.
Key valuation signals for ASM:
3-Year ROIIC %: 25.92 (88% above median its 10-year median of 13.77)
GF Value™: $2.08 vs. price of $6.20 (197.8% above fair value)
No single metric tells the full story. See the ASM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avino Silver & Gold Mines Ltd is a mineral resource company. It is engaged in the exploration, extraction, and processing of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. The company generates majority of its revenues through the sale of Copper produced from its mines. Its project portfolio includes Avino; San Gonzalo; Oxide Tailings; Bralorne Gold and others.
78GF Score
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