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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.
Coda Octopus Group's 3-Year ROIIC % for the quarter that ended in Oct. 2025 was -4.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Coda Octopus Group's 3-Year ROIIC % or its related term are showing as below:
CODA's 3-Year ROIIC % is ranked worse than 65.63% of 320
companies
in the Aerospace & Defense industry
Industry Median: 3.79
vs CODA: -4.18
Coda Octopus Group (NAS:CODA) 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.
Coda Octopus Group 3-Year ROIIC % Related Terms
Coda Octopus Group 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Coda Octopus Group'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.
CODA vs VWAV, HOVR, OPXS: 3-Year ROIIC % Comparison
For the Aerospace & Defense subindustry, Coda Octopus Group'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.
Coda Octopus Group 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group's 3-Year ROIIC % falls into.
Coda Octopus Group's 3-Year ROIIC % for the quarter that ended in Oct. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 3.7592381 (Oct. 2025) - 4.1938524 (Oct. 2022) )
/
( 31.98 (Oct. 2025) - 21.588 (Oct. 2022) )
=
-0.4346143
/
10.392
=
-4.18%***
* 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.
Coda Octopus Group (CODA) has a 3-Year ROIIC % of -4.18 as of Oct. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Coda Octopus Group and its competitors. According to the industry distribution chart, Coda Octopus Group ranks #210 out of 320 companies in the Aerospace & Defense industry, placing it in the top 65.6%.
Is Coda Octopus Group's 3-Year ROIIC % too high?
Coda Octopus Group's current 3-Year ROIIC % is -4.18. Based on the distribution chart, Coda Octopus Group ranks #210 out of 320 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Coda Octopus Group has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coda Octopus Group's 3-Year ROIIC % compare to VWAV and HOVR?
According to the Aerospace & Defense industry distribution chart, Coda Octopus Group ranks #210 out of 320 companies for 3-Year ROIIC %. This places Coda Octopus Group in the lower half of its industry. The industry median 3-Year ROIIC % is 3.79. 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 an Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.79, based on 320 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 Coda Octopus Group and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coda Octopus Group's current 3-Year ROIIC % is -4.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coda Octopus Group stock overvalued right now?
Based on GuruFocus' analysis, Coda Octopus Group (CODA) is currently considered Fairly Valued. The stock's GF Value™ is $10.15, compared to a current price of $10.20 — trading 0.5% above its estimated fair value. The current 3-Year ROIIC % is -4.18. Coda Octopus Group's overall GF Score™ is 88/100 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 Coda Octopus Group (CODA), the current 3-Year ROIIC % is -4.18 as of Oct. 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 Coda Octopus Group (CODA) Overvalued in 2026?
Based on GuruFocus' analysis, Coda Octopus Group stock appears to be overvalued.
The current stock price of $10.20 is trading 0.5% above its estimated GF Value™ of $10.15.
GuruFocus considers Coda Octopus Group to be Fairly Valued.
Key valuation signals for CODA:
3-Year ROIIC %: -4.18
GF Value™: $10.15 vs. price of $10.20 (0.5% above fair value)
No single metric tells the full story. See the CODA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. The company operates in three distinct business segments: the Marine Technology business, Acoustic Sensors and Material Business and the Defense Engineering Services Business. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Products segment.
88GF Score
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