AdvantestATEYY -11.08%87 3-Year ROIIC % is 128.67 as of Mar. 2026, which is 134% above its 10-year median of 55.09. GuruFocus rates ATEYY with a GF Score™ of 87/100 and a GF Value™ of $99.94 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 996 Semiconductors companies, Advantest ranks better than 91.97% 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.
Advantest's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 128.67%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Advantest's 3-Year ROIIC % or its related term are showing as below:
ATEYY's 3-Year ROIIC % is ranked better than 91.97% of 996
companies
in the Semiconductors industry
Industry Median: -0.155
vs ATEYY: 128.67
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.
Advantest 3-Year ROIIC % Related Terms
Advantest 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Advantest'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.
ATEYY vs AMAT, LRCX, KLAC: 3-Year ROIIC % Comparison
For the Semiconductor Equipment & Materials subindustry, Advantest'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.
Advantest 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Advantest's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Advantest's 3-Year ROIIC % falls into.
* 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.
Advantest (ATEYY) has a 3-Year ROIIC % of 128.67 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Advantest and its competitors. This is 134% above median its historical median of 55.09. According to the industry distribution chart, Advantest ranks #80 out of 996 companies in the Semiconductors industry, placing it in the top 8%.
Is Advantest's 3-Year ROIIC % too high?
Advantest's current 3-Year ROIIC % of 128.67 is 134% above median its 10-year median of 55.09. Based on the distribution chart, Advantest ranks #80 out of 996 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Advantest has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advantest's 3-Year ROIIC % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Advantest ranks #80 out of 996 companies for 3-Year ROIIC %. This places Advantest in the top 8% of its industry — outperforming the majority of peers. 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 Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors 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 Advantest and its competitors. Advantest's current 3-Year ROIIC % is 128.67, which is 134% above median its own 10-year median of 55.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advantest stock overvalued right now?
Based on GuruFocus' analysis, Advantest (ATEYY) is currently considered Significantly Overvalued. The stock's GF Value™ is $99.94, compared to a current price of $185.00 — trading 85.1% above its estimated fair value. The current 3-Year ROIIC % is 128.67, which is 134% above median its 10-year median of 55.09. Advantest's overall GF Score™ is 87/100 with 6 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 Advantest (ATEYY), the current 3-Year ROIIC % is 128.67 as of Mar. 2026. 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 Advantest (ATEYY) Overvalued in 2026?
Based on GuruFocus' analysis, Advantest stock appears to be overvalued.
The current stock price of $185.00 is trading 85.1% above its estimated GF Value™ of $99.94.
GuruFocus considers Advantest to be Significantly Overvalued.
Key valuation signals for ATEYY:
3-Year ROIIC %: 128.67 (134% above median its 10-year median of 55.09)
GF Value™: $99.94 vs. price of $185.00 (85.1% above fair value)
No single metric tells the full story. See the ATEYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1954 and headquartered in Tokyo, Advantest specializes in semiconductor test systems and is a well-known leader in automated test equipment, or ATE. Advantest also has a high market share in test systems for nonmemory semiconductors, including application processors for mobile phones. The company is also involved in peripheral businesses, such as semiconductor device transport equipment. Following its acquisition of Verigy in July 2011, Advantest holds a market share of over 50% in the ATE market.
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