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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.
BitMine Immersion Technologies's 3-Year ROIIC % for the quarter that ended in Aug. 2025 was -3.44%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
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.
BitMine Immersion Technologies 3-Year ROIIC % Related Terms
BitMine Immersion Technologies 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.
BMNR vs HLI, WULF, SNEX: 3-Year ROIIC % Comparison
For the Capital Markets subindustry, BitMine Immersion Technologies'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.
BitMine Immersion Technologies 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where BitMine Immersion Technologies's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -286.7339131 (Aug. 2025) - -1.703 (Aug. 2022) )
/
( 8283.113 (Aug. 2025) - 7.496 (Aug. 2022) )
=
-285.0309131
/
8275.617
=
-3.44%***
* 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.
BitMine Immersion Technologies (BMNR) has a 3-Year ROIIC % of -3.44 as of Aug. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on BitMine Immersion Technologies and its competitors. According to the industry distribution chart, BitMine Immersion Technologies ranks #430 out of 657 companies in the Capital Markets industry, placing it in the top 65.4%.
Is BitMine Immersion Technologies' 3-Year ROIIC % too high?
BitMine Immersion Technologies' current 3-Year ROIIC % is -3.44. Based on the distribution chart, BitMine Immersion Technologies ranks #430 out of 657 companies in the Capital Markets industry, which is below the industry midpoint. Overall, BitMine Immersion Technologies has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BitMine Immersion Technologies' 3-Year ROIIC % compare to HLI and WULF?
According to the Capital Markets industry distribution chart, BitMine Immersion Technologies ranks #430 out of 657 companies for 3-Year ROIIC %. This places BitMine Immersion Technologies in the lower half of its industry. The industry median 3-Year ROIIC % is 2.60. 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.60, based on 657 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. 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 BitMine Immersion Technologies and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BitMine Immersion Technologies's current 3-Year ROIIC % is -3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BitMine Immersion Technologies stock overvalued right now?
Based on GuruFocus' analysis, BitMine Immersion Technologies (BMNR) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.01, compared to a current price of $17.87 — trading 789.1% above its estimated fair value. The current 3-Year ROIIC % is -3.44. BitMine Immersion Technologies' overall GF Score™ is 41/100 with 3 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 BitMine Immersion Technologies (BMNR), the current 3-Year ROIIC % is -3.44 as of Aug. 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 BitMine Immersion Technologies (BMNR) Overvalued in 2026?
Based on GuruFocus' analysis, BitMine Immersion Technologies stock appears to be overvalued.
The current stock price of $17.87 is trading 789.1% above its estimated GF Value™ of $2.01.
GuruFocus considers BitMine Immersion Technologies to be Significantly Overvalued.
Key valuation signals for BMNR:
3-Year ROIIC %: -3.44
GF Value™: $2.01 vs. price of $17.87 (789.1% above fair value)
No single metric tells the full story. See the BMNR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BitMine Immersion Technologies Inc is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by its Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, Synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
41GF Score
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