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.
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.
Guardforce AI Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -26.36%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Guardforce AI Co's 3-Year ROIIC % or its related term are showing as below:
GFAI's 3-Year ROIIC % is ranked worse than 81.4% of 1011
companies
in the Business Services industry
Industry Median: 5.08
vs GFAI: -26.36
Guardforce AI Co (NAS:GFAI) 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.
Guardforce AI Co 3-Year ROIIC % Related Terms
Guardforce AI Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Guardforce AI 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.
GFAI vs VRME, BKYI, IVDA: 3-Year ROIIC % Comparison
For the Security & Protection Services subindustry, Guardforce AI 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.
Guardforce AI Co 3-Year ROIIC % vs Business Services Industry
For the Business Services industry and Industrials sector, Guardforce AI Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Guardforce AI Co's 3-Year ROIIC % falls into.
Guardforce AI Co'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**
=
( -5.8705353 (Dec. 2025) - -12.418 (Dec. 2022) )
/
( 21.316 (Dec. 2025) - 46.151 (Dec. 2022) )
=
6.5474647
/
-24.835
=
-26.36%***
* 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.
Guardforce AI Co (GFAI) has a 3-Year ROIIC % of -26.36 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 Guardforce AI Co and its competitors. According to the industry distribution chart, Guardforce AI Co ranks #823 out of 1011 companies in the Business Services industry, placing it in the top 81.4%.
Is Guardforce AI Co's 3-Year ROIIC % too high?
Guardforce AI Co's current 3-Year ROIIC % is -26.36. Based on the distribution chart, Guardforce AI Co ranks #823 out of 1011 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Guardforce AI Co has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Guardforce AI Co's 3-Year ROIIC % compare to VRME and BKYI?
According to the Business Services industry distribution chart, Guardforce AI Co ranks #823 out of 1011 companies for 3-Year ROIIC %. This places Guardforce AI Co in the lower half of its industry. The industry median 3-Year ROIIC % is 5.08. 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 Business Services company?
The median 3-Year ROIIC % among Business Services companies is 5.08, based on 1,011 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 Guardforce AI Co and its competitors. For the Business Services industry, the median 3-Year ROIIC % is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guardforce AI Co's current 3-Year ROIIC % is -26.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guardforce AI Co stock overvalued right now?
Based on GuruFocus' analysis, Guardforce AI Co (GFAI) is currently considered Possible Value Trap. The stock's GF Value™ is $0.62, compared to a current price of $0.37 — trading 40.7% below its estimated fair value. The current 3-Year ROIIC % is -26.36. Guardforce AI Co's overall GF Score™ is 35/100 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 Guardforce AI Co (GFAI), the current 3-Year ROIIC % is -26.36 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 Guardforce AI Co (GFAI) Overvalued in 2026?
Based on GuruFocus' analysis, Guardforce AI Co stock appears to be undervalued.
The current stock price of $0.37 is trading 40.7% below its estimated GF Value™ of $0.62.
GuruFocus considers Guardforce AI Co to be Possible Value Trap.
Key valuation signals for GFAI:
3-Year ROIIC %: -26.36
GF Value™: $0.62 vs. price of $0.37 (40.7% below fair value)
No single metric tells the full story. See the GFAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guardforce AI Co Ltd is an integrated solution provider, specializing in security solutions, and also focuses on implementing AI and robotics solutions to improve business operational efficiency and sales and marketing processes, especially for the retail and travel industry in the Asia Pacific region. The company's operating business segments include Secured Logistics, AI & Robotics Solution Business, and Corporate and others. The majority of its revenue is generated from the Secured Logistics segment, which includes services like cash-in-transit, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions. Geographically, the company generates maximum revenue from Thailand.
35GF Score
Get the complete analysis for GFAI
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
GFAI has been successfully added to your 
