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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.
Mirvac Group's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 8.23%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mirvac Group's 3-Year ROIIC % or its related term are showing as below:
ASX:MGR's 3-Year ROIIC % is ranked better than 74.57% of 692
companies
in the REITs industry
Industry Median: 3.555
vs ASX:MGR: 8.23
Mirvac Group (ASX:MGR) 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.
Mirvac Group 3-Year ROIIC % Related Terms
Mirvac Group 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Mirvac Group'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.
ASX:MGR vs VICI, WPC, BNL: 3-Year ROIIC % Comparison
For the REIT - Diversified subindustry, Mirvac Group'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.
Mirvac Group 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mirvac Group's 3-Year ROIIC % falls into.
Mirvac Group's 3-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 267 (Jun. 2025) - 458.5584 (Jun. 2022) )
/
( 13827 (Jun. 2025) - 16154 (Jun. 2022) )
=
-191.5584
/
-2327
=
8.23%***
* 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.
Mirvac Group (ASX:MGR) has a 3-Year ROIIC % of 8.23 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Mirvac Group and its competitors. According to the industry distribution chart, Mirvac Group ranks #176 out of 692 companies in the REITs industry, placing it in the top 25.4%.
Is Mirvac Group's 3-Year ROIIC % too high?
Mirvac Group's current 3-Year ROIIC % is 8.23. The REITs industry median 3-Year ROIIC % is 3.56. Mirvac Group's value of 8.23 is 131.5% above this industry median. Based on the distribution chart, Mirvac Group ranks #176 out of 692 companies in the REITs industry, which is above the industry midpoint. Overall, Mirvac Group has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mirvac Group's 3-Year ROIIC % compare to VICI and WPC?
According to the REITs industry distribution chart, Mirvac Group ranks #176 out of 692 companies for 3-Year ROIIC %. This puts Mirvac Group in the upper half of its industry. The industry median 3-Year ROIIC % is 3.56. Mirvac Group's value of 8.23 is 131.5% 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 REITs company?
The median 3-Year ROIIC % among REITs companies is 3.56, based on 692 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. Mirvac Group's current 3-Year ROIIC % of 8.23 is 131.5% 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 Mirvac Group and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirvac Group's current 3-Year ROIIC % is 8.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirvac Group stock overvalued right now?
Based on GuruFocus' analysis, Mirvac Group (ASX:MGR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.29, compared to a current price of A$1.70 — trading 25.8% below its estimated fair value. The current 3-Year ROIIC % is 8.23 and 131.5% above the REITs industry median of 3.56. Mirvac Group's overall GF Score™ is 70/100 with 9 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 Mirvac Group (ASX:MGR), the current 3-Year ROIIC % is 8.23 as of Jun. 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 Mirvac Group (ASX:MGR) Overvalued in 2026?
Based on GuruFocus' analysis, Mirvac Group stock appears to be undervalued.
The current stock price of A$1.70 is trading 25.8% below its estimated GF Value™ of A$2.29.
GuruFocus considers Mirvac Group to be Modestly Undervalued.
Key valuation signals for ASX:MGR:
3-Year ROIIC %: 8.23
GF Value™: A$2.29 vs. price of A$1.70 (25.8% below fair value)
Industry Position: 131.5% above the REITs median (#176 of 692)
No single metric tells the full story. See the ASX:MGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two-thirds of group earnings. The investment portfolio, by book value, is made up of 50% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around one-fourth of fiscal 2025 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.
70GF Score
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