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.
Vulcan Energy Resources's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -12.20%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Vulcan Energy Resources's 3-Year ROIIC % or its related term are showing as below:
ASX:VUL's 3-Year ROIIC % is ranked worse than 62.56% of 2305
companies
in the Metals & Mining industry
Industry Median: -2.53
vs ASX:VUL: -12.20
Vulcan Energy Resources (ASX:VUL) 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.
Vulcan Energy Resources 3-Year ROIIC % Related Terms
Vulcan Energy Resources 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.
Vulcan Energy Resources 3-Year ROIIC % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Vulcan Energy Resources'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.
Vulcan Energy Resources 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Vulcan Energy Resources's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Vulcan Energy Resources's 3-Year ROIIC % falls into.
Vulcan Energy Resources 3-Year ROIIC % Calculation
Vulcan Energy Resources'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**
=
( -161.511 (Dec. 2025) - -35.721 (Jun. 2022) )
/
( 762.765 (Dec. 2025) - -268.062 (Jun. 2022) )
=
-125.79
/
1030.827
=
-12.20%***
* 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.
Vulcan Energy Resources (ASX:VUL) has a 3-Year ROIIC % of -12.20 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 Vulcan Energy Resources and its competitors. According to the industry distribution chart, Vulcan Energy Resources ranks #1442 out of 2305 companies in the Metals & Mining industry, placing it in the top 62.6%.
Is Vulcan Energy Resources' 3-Year ROIIC % too high?
Vulcan Energy Resources' current 3-Year ROIIC % is -12.20. Based on the distribution chart, Vulcan Energy Resources ranks #1442 out of 2305 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Vulcan Energy Resources has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Energy Resources' 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, Vulcan Energy Resources ranks #1442 out of 2305 companies for 3-Year ROIIC %. This places Vulcan Energy Resources 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 Vulcan Energy Resources and its competitors. Vulcan Energy Resources's current 3-Year ROIIC % is -12.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Energy Resources stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Energy Resources (ASX:VUL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.50, compared to a current price of A$2.87 — trading 18% below its estimated fair value. The current 3-Year ROIIC % is -12.20. Vulcan Energy Resources' overall GF Score™ is 57/100 with 2 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 Vulcan Energy Resources (ASX:VUL), the current 3-Year ROIIC % is -12.20 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 Vulcan Energy Resources (ASX:VUL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Energy Resources stock appears to be undervalued.
The current stock price of A$2.87 is trading 18% below its estimated GF Value™ of A$3.50.
GuruFocus considers Vulcan Energy Resources to be Modestly Undervalued.
Key valuation signals for ASX:VUL:
3-Year ROIIC %: -12.20
GF Value™: A$3.50 vs. price of A$2.87 (18% below fair value)
No single metric tells the full story. See the ASX:VUL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Energy Resources Ltd is engaged in geothermal energy and lithium exploration and production. The company's Lionheart Project is an integrated lithium and renewable energy project that produces battery-quality lithium from naturally heated subsurface brine in the Upper Rhine Valley, to deliver a local source of sustainable lithium for the European battery industry, with a co-product of renewable energy for local heating needs. It has developed an aluminate-based sorbent, VULSORB, to produce lithium from subsurface brine and harnesses geothermal energy from its operations in the Upper Rhine Valley. The company has three operating segments based on geographical location: Germany, which derives the maximum revenue, other European countries, and Australia.
57GF Score
Get the complete analysis for ASX:VUL
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:VUL has been successfully added to your 
