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Furuno Electric CoFNOEF 79 3-Year ROIIC % is 62.61 as of Feb. 2026, which is 8031% above its 10-year median of 0.77. GuruFocus rates FNOEF with a GF Score™ of 79/100 and a GF Value™ of $16.62. Among 2,375 Hardware companies, Furuno Electric Co ranks better than 86.36% 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.
Furuno Electric Co's 3-Year ROIIC % for the quarter that ended in Feb. 2026 was 62.61%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Furuno Electric Co's 3-Year ROIIC % or its related term are showing as below:
FNOEF's 3-Year ROIIC % is ranked better than 86.36% of 2375
companies
in the Hardware industry
Industry Median: 2.34
vs FNOEF: 62.61
Furuno Electric Co (OTCPK:FNOEF) 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.
Furuno Electric Co 3-Year ROIIC % Related Terms
Furuno Electric Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Furuno Electric Co'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.
FNOEF vs COHR, KEYS, GRMN: 3-Year ROIIC % Comparison
For the Scientific & Technical Instruments subindustry, Furuno Electric Co'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.
Furuno Electric Co 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Furuno Electric Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Furuno Electric Co's 3-Year ROIIC % falls into.
Furuno Electric Co's 3-Year ROIIC % for the quarter that ended in Feb. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 95.7005136 (Feb. 2026) - 6.639318 (Feb. 2023) )
/
( 683.229 (Feb. 2026) - 628.902 (Feb. 2023) )
=
89.0611956
/
54.327
=
163.94%***
* 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.
Furuno Electric Co (FNOEF) has a 3-Year ROIIC % of 62.61 as of Feb. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Furuno Electric Co and its competitors. This is 8031% above median its historical median of 0.77. According to the industry distribution chart, Furuno Electric Co ranks #324 out of 2375 companies in the Hardware industry, placing it in the top 13.6%.
Is Furuno Electric Co's 3-Year ROIIC % too high?
Furuno Electric Co's current 3-Year ROIIC % of 62.61 is 8031% above median its 10-year median of 0.77. The Hardware industry median 3-Year ROIIC % is 2.34. Furuno Electric Co's value of 62.61 is 2575.6% above this industry median. Based on the distribution chart, Furuno Electric Co ranks #324 out of 2375 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Furuno Electric Co has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Furuno Electric Co's 3-Year ROIIC % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Furuno Electric Co ranks #324 out of 2375 companies for 3-Year ROIIC %. This places Furuno Electric Co in the top 14% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.34. Furuno Electric Co's value of 62.61 is 2575.6% above this benchmark. While the company's 10-year median is 0.77 vs. the industry median of 2.34, Furuno Electric Co has consistently been above the industry average. 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 2.34, based on 2,375 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. Furuno Electric Co's current 3-Year ROIIC % of 62.61 is 2575.6% above the industry median. 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 Furuno Electric Co and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Furuno Electric Co's current 3-Year ROIIC % is 62.61, which is 8031% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Furuno Electric Co stock overvalued right now?
Furuno Electric Co (FNOEF) has a current 3-Year ROIIC % of 62.61. The stock's GF Value™ is $16.62, compared to a current price of $41.99 — trading 152.6% above its estimated fair value. The current 3-Year ROIIC % is 62.61, which is 8031% above median its 10-year median of 0.77 and 2575.6% above the Hardware industry median of 2.34. Furuno Electric Co's overall GF Score™ is 79/100. 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 Furuno Electric Co (FNOEF), the current 3-Year ROIIC % is 62.61 as of Feb. 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 Furuno Electric Co (FNOEF) Overvalued in 2026?
Based on GuruFocus' analysis, Furuno Electric Co stock appears to be overvalued.
The current stock price of $41.99 is trading 152.6% above its estimated GF Value™ of $16.62.
Key valuation signals for FNOEF:
3-Year ROIIC %: 62.61 (8031% above median its 10-year median of 0.77)
GF Value™: $16.62 vs. price of $41.99 (152.6% above fair value)
Industry Position: 2575.6% above the Hardware median (#324 of 2375)
No single metric tells the full story. See the FNOEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Furuno Electric Co Ltd is engaged in the business of producing marine related electronic equipment. The products portfolio includes fish sonar, GPS, Radar, Coastal monitoring system, Automatic identification system, Voyage data recorder, and satellite communications equipment.
79GF Score
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