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.
Nickel Industries's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -9.34%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nickel Industries's 3-Year ROIIC % or its related term are showing as below:
ASX:NIC's 3-Year ROIIC % is ranked worse than 59.71% of 2301
companies
in the Metals & Mining industry
Industry Median: -2.53
vs ASX:NIC: -9.34
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.
Nickel Industries 3-Year ROIIC % Related Terms
Nickel Industries 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Nickel Industries'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 Other Industrial Metals & Mining subindustry, Nickel Industries'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.
Nickel Industries 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nickel Industries's 3-Year ROIIC % falls into.
Nickel Industries'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**
=
( 174.928 (Dec. 2025) - 369.5035344 (Dec. 2022) )
/
( 5568.443 (Dec. 2025) - 3484.32 (Dec. 2022) )
=
-194.5755344
/
2084.123
=
-9.34%***
* 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.
Nickel Industries (ASX:NIC) has a 3-Year ROIIC % of -9.34 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 Nickel Industries and its competitors. According to the industry distribution chart, Nickel Industries ranks #1374 out of 2301 companies in the Metals & Mining industry, placing it in the top 59.7%.
Is Nickel Industries' 3-Year ROIIC % too high?
Nickel Industries' current 3-Year ROIIC % is -9.34. Based on the distribution chart, Nickel Industries ranks #1374 out of 2301 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Industries has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #1374 out of 2301 companies for 3-Year ROIIC %. This places Nickel Industries in the lower half of its industry. 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 Nickel Industries and its competitors. Nickel Industries's current 3-Year ROIIC % is -9.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.72, compared to a current price of A$0.89 — trading 23.6% above its estimated fair value. The current 3-Year ROIIC % is -9.34. Nickel Industries' overall GF Score™ is 63/100 with 10 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 Nickel Industries (ASX:NIC), the current 3-Year ROIIC % is -9.34 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 Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.89 is trading 23.6% above its estimated GF Value™ of A$0.72.
GuruFocus considers Nickel Industries to be Modestly Overvalued.
Key valuation signals for ASX:NIC:
3-Year ROIIC %: -9.34
GF Value™: A$0.72 vs. price of A$0.89 (23.6% above fair value)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
63GF Score
Get the complete analysis for ASX:NIC
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:NIC has been successfully added to your 
