AppleCHIX:APCD 92 3-Year ROIIC % is -78.43 as of Sep. 2025. GuruFocus rates CHIX:APCD with a GF Score™ of 92/100 and a GF Value™ of €234.94 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,369 Hardware companies, Apple ranks worse than 90.08% 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.
Apple's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was -78.43%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Apple's 3-Year ROIIC % or its related term are showing as below:
CHIX:APCd's 3-Year ROIIC % is ranked worse than 90.08% of 2369
companies
in the Hardware industry
Industry Median: 2.36
vs CHIX:APCd: -78.43
Apple (CHIX:APCd) 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.
Apple 3-Year ROIIC % Related Terms
Apple 3-Year ROIIC % Historical Data
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The historical data trend for Apple'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.
CHIX:APCD vs SONO, TBCH, VUZI: 3-Year ROIIC % Comparison
For the Consumer Electronics subindustry, Apple'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.
Apple 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Apple's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Apple'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.
Apple (CHIX:APCD) has a 3-Year ROIIC % of -78.43 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Apple and its competitors. According to the industry distribution chart, Apple ranks #2134 out of 2369 companies in the Hardware industry, placing it in the top 90.1%.
Is Apple's 3-Year ROIIC % too high?
Apple's current 3-Year ROIIC % is -78.43. Based on the distribution chart, Apple ranks #2134 out of 2369 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Apple has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apple's 3-Year ROIIC % compare to SONO and TBCH?
According to the Hardware industry distribution chart, Apple ranks #2134 out of 2369 companies for 3-Year ROIIC %. This places Apple in the lower half of its industry. The industry median 3-Year ROIIC % is 2.36. 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.36, based on 2,369 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 Apple and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple's current 3-Year ROIIC % is -78.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple stock overvalued right now?
Based on GuruFocus' analysis, Apple (CHIX:APCD) is currently considered Fairly Valued. The stock's GF Value™ is €234.94, compared to a current price of €259.15 — trading 10.3% above its estimated fair value. The current 3-Year ROIIC % is -78.43. Apple's overall GF Score™ is 92/100 with 4 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 Apple (CHIX:APCD), the current 3-Year ROIIC % is -78.43 as of Sep. 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 Apple (CHIX:APCD) Overvalued in 2026?
Based on GuruFocus' analysis, Apple stock appears to be overvalued.
The current stock price of €259.15 is trading 10.3% above its estimated GF Value™ of €234.94.
GuruFocus considers Apple to be Fairly Valued.
Key valuation signals for CHIX:APCD:
3-Year ROIIC %: -78.43
GF Value™: €234.94 vs. price of €259.15 (10.3% above fair value)
No single metric tells the full story. See the CHIX:APCD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone accounts for the majority of the firm's sales, and Apple's other products, such as the Mac, iPad, and Watch, are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, such as streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors and works with subcontractors such as Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with the majority coming indirectly through partnerships and distribution.
92GF Score
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