Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kenmare ResourcesFRA:JEVA 75 3-Year ROIIC % is 120.69 as of Dec. 2025, which is 133% above its 10-year median of 51.79. GuruFocus rates FRA:JEVA with a GF Score™ of 75/100 and a GF Value™ of €2.57 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 2,308 Metals & Mining companies, Kenmare Resources ranks better than 89.51% 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.
Kenmare Resources's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 120.69%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Kenmare Resources's 3-Year ROIIC % or its related term are showing as below:
FRA:JEVA's 3-Year ROIIC % is ranked better than 89.51% of 2308
companies
in the Metals & Mining industry
Industry Median: -2.53
vs FRA:JEVA: 120.69
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.
Kenmare Resources 3-Year ROIIC % Related Terms
Kenmare Resources 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Kenmare Resources'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 Other Industrial Metals & Mining subindustry, Kenmare Resources'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.
Kenmare Resources 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kenmare Resources's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Kenmare Resources's 3-Year ROIIC % falls into.
Kenmare Resources'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**
=
( 0.812 (Dec. 2025) - 204.405936 (Dec. 2022) )
/
( 887.603 (Dec. 2025) - 1061.394 (Dec. 2022) )
=
-203.593936
/
-173.791
=
117.15%***
* 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.
Kenmare Resources (FRA:JEVA) has a 3-Year ROIIC % of 120.69 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 Kenmare Resources and its competitors. This is 133% above median its historical median of 51.79. According to the industry distribution chart, Kenmare Resources ranks #242 out of 2308 companies in the Metals & Mining industry, placing it in the top 10.5%.
Is Kenmare Resources' 3-Year ROIIC % too high?
Kenmare Resources' current 3-Year ROIIC % of 120.69 is 133% above median its 10-year median of 51.79. Based on the distribution chart, Kenmare Resources ranks #242 out of 2308 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kenmare Resources has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kenmare Resources' 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, Kenmare Resources ranks #242 out of 2308 companies for 3-Year ROIIC %. This places Kenmare Resources 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 Kenmare Resources and its competitors. Kenmare Resources's current 3-Year ROIIC % is 120.69, which is 133% above median its own 10-year median of 51.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenmare Resources stock overvalued right now?
Based on GuruFocus' analysis, Kenmare Resources (FRA:JEVA) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.57, compared to a current price of €2.20 — trading 14.4% below its estimated fair value. The current 3-Year ROIIC % is 120.69, which is 133% above median its 10-year median of 51.79. Kenmare Resources' overall GF Score™ is 75/100 with 9 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 Kenmare Resources (FRA:JEVA), the current 3-Year ROIIC % is 120.69 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 Kenmare Resources (FRA:JEVA) Overvalued in 2026?
Based on GuruFocus' analysis, Kenmare Resources stock appears to be undervalued.
The current stock price of €2.20 is trading 14.4% below its estimated GF Value™ of €2.57.
GuruFocus considers Kenmare Resources to be Modestly Undervalued.
Key valuation signals for FRA:JEVA:
3-Year ROIIC %: 120.69 (133% above median its 10-year median of 51.79)
GF Value™: €2.57 vs. price of €2.20 (14.4% below fair value)
No single metric tells the full story. See the FRA:JEVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kenmare Resources PLC is a mining company. The company operates the Moma Titanium Minerals Mine located on the northern coast of Mozambique. Its product types are ilmenite, zircon, rutile, and concentrates. Concentrates include secondary zircon and mineral sands concentrates. The sale of ilmenite accounts for the majority of its revenue. Its geographical segments are China, Europe, Asia (excluding China), the United States, and the Rest of the world. The company derives a majority of its revenue from China.
75GF Score
Get the complete analysis for FRA:JEVA
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:JEVA has been successfully added to your 
