Barrick MiningB -0.76%89 3-Year ROIIC % is 121.30 as of Dec. 2025, which is 1093% above its 10-year median of 10.17. GuruFocus rates B with a GF Score™ of 89/100 and a GF Value™ of $32.28 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,300 Metals & Mining companies, Barrick Mining ranks better than 89.48% 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.
Barrick Mining's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 121.30%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Barrick Mining's 3-Year ROIIC % or its related term are showing as below:
B's 3-Year ROIIC % is ranked better than 89.48% of 2300
companies
in the Metals & Mining industry
Industry Median: -2.49
vs B: 121.30
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.
Barrick Mining 3-Year ROIIC % Related Terms
Barrick Mining 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Barrick Mining'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 Gold subindustry, Barrick Mining'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.
Barrick Mining 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Barrick Mining's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Barrick Mining's 3-Year ROIIC % falls into.
Barrick Mining'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**
=
( 6504.0625 (Dec. 2025) - 1829.52 (Dec. 2022) )
/
( 42146 (Dec. 2025) - 38861 (Dec. 2022) )
=
4674.5425
/
3285
=
142.30%***
* 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.
Barrick Mining (B) has a 3-Year ROIIC % of 121.30 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 Barrick Mining and its competitors. This is 1093% above median its historical median of 10.17. According to the industry distribution chart, Barrick Mining ranks #242 out of 2300 companies in the Metals & Mining industry, placing it in the top 10.5%.
Is Barrick Mining's 3-Year ROIIC % too high?
Barrick Mining's current 3-Year ROIIC % of 121.30 is 1093% above median its 10-year median of 10.17. Based on the distribution chart, Barrick Mining ranks #242 out of 2300 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Barrick Mining has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Barrick Mining's 3-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Barrick Mining ranks #242 out of 2300 companies for 3-Year ROIIC %. This places Barrick Mining in the top 11% 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 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 Barrick Mining and its competitors. Barrick Mining's current 3-Year ROIIC % is 121.30, which is 1093% above median its own 10-year median of 10.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barrick Mining stock overvalued right now?
Based on GuruFocus' analysis, Barrick Mining (B) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.28, compared to a current price of $36.45 — trading 12.9% above its estimated fair value. The current 3-Year ROIIC % is 121.30, which is 1093% above median its 10-year median of 10.17. Barrick Mining's overall GF Score™ is 89/100 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 Barrick Mining (B), the current 3-Year ROIIC % is 121.30 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 Barrick Mining (B) Overvalued in 2026?
Based on GuruFocus' analysis, Barrick Mining stock appears to be overvalued.
The current stock price of $36.45 is trading 12.9% above its estimated GF Value™ of $32.28.
GuruFocus considers Barrick Mining to be Modestly Overvalued.
Key valuation signals for B:
3-Year ROIIC %: 121.30 (1093% above median its 10-year median of 10.17)
GF Value™: $32.28 vs. price of $36.45 (12.9% above fair value)
No single metric tells the full story. See the B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Based in Toronto, Barrick is one of the world's largest gold miners. In 2025, the firm sold about 3.3 million attributable ounces of gold and about 220,000 metric tons of copper. At end-2025, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure, driven by the expansion of its Lumwana mine in Zambia and the development of its Reko Diq copper and gold project in Pakistan. It intends to undertake an IPO of its joint venture stakes in Nevada Gold Mines and Pueblo Viejo along with its Fourmile deposit later in 2026.
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