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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.
Metals Exploration's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -0.62%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Metals Exploration's 3-Year ROIIC % or its related term are showing as below:
FRA:MJ4's 3-Year ROIIC % is ranked better than 53.32% of 2307
companies
in the Metals & Mining industry
Industry Median: -2.53
vs FRA:MJ4: -0.62
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.
Metals Exploration 3-Year ROIIC % Related Terms
Metals Exploration 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Metals Exploration'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 Gold subindustry, Metals Exploration'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.
Metals Exploration 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Metals Exploration's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Metals Exploration's 3-Year ROIIC % falls into.
Metals Exploration'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**
=
( 21.6353387 (Dec. 2025) - 22.389 (Dec. 2022) )
/
( 216.14 (Dec. 2025) - 116.601 (Dec. 2022) )
=
-0.7536613
/
99.539
=
-0.76%***
* 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.
Metals Exploration (FRA:MJ4) has a 3-Year ROIIC % of -0.62 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 Metals Exploration and its competitors. According to the industry distribution chart, Metals Exploration ranks #1077 out of 2307 companies in the Metals & Mining industry, placing it in the top 46.7%.
Is Metals Exploration's 3-Year ROIIC % too high?
Metals Exploration's current 3-Year ROIIC % is -0.62. Based on the distribution chart, Metals Exploration ranks #1077 out of 2307 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Metals Exploration has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metals Exploration's 3-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Metals Exploration ranks #1077 out of 2307 companies for 3-Year ROIIC %. This puts Metals Exploration in the upper half of its industry. 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 Metals Exploration and its competitors. Metals Exploration's current 3-Year ROIIC % is -0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metals Exploration stock overvalued right now?
Based on GuruFocus' analysis, Metals Exploration (FRA:MJ4) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.15 — trading 267.5% above its estimated fair value. The current 3-Year ROIIC % is -0.62. Metals Exploration's overall GF Score™ is 63/100 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 Metals Exploration (FRA:MJ4), the current 3-Year ROIIC % is -0.62 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 Metals Exploration (FRA:MJ4) Overvalued in 2026?
Based on GuruFocus' analysis, Metals Exploration stock appears to be overvalued.
The current stock price of €0.15 is trading 267.5% above its estimated GF Value™ of €0.04.
GuruFocus considers Metals Exploration to be Significantly Overvalued.
Key valuation signals for FRA:MJ4:
3-Year ROIIC %: -0.62
GF Value™: €0.04 vs. price of €0.15 (267.5% above fair value)
No single metric tells the full story. See the FRA:MJ4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metals Exploration PLC is a natural resource exploration and development company. The company identifies, acquires, and develops mining and processing projects, mining companies, and businesses with a focus on base and precious metals mining opportunities. The main asset of the company is the Runruno gold-molybdenum project in Northern Philippines. The company operates in geographic areas of the UK, Philippines, and Singapore.
63GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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