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.
Greenwave Technology Solutions's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -144.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
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.
Greenwave Technology Solutions 3-Year ROIIC % Related Terms
Greenwave Technology Solutions 3-Year ROIIC % Historical Data
* 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.
GWAV vs SENR, SNRG, DXST: 3-Year ROIIC % Comparison
For the Waste Management subindustry, Greenwave Technology Solutions'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.
Greenwave Technology Solutions 3-Year ROIIC % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Greenwave Technology Solutions's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Greenwave Technology Solutions's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -20.023 (Dec. 2025) - -8.383 (Dec. 2022) )
/
( 57.977 (Dec. 2025) - 49.941 (Dec. 2022) )
=
-11.64
/
8.036
=
-144.85%***
* 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.
Greenwave Technology Solutions (GWAV) has a 3-Year ROIIC % of -144.85 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 Greenwave Technology Solutions and its competitors. According to the industry distribution chart, Greenwave Technology Solutions ranks #220 out of 231 companies in the Waste Management industry, placing it in the top 95.2%.
Is Greenwave Technology Solutions' 3-Year ROIIC % too high?
Greenwave Technology Solutions' current 3-Year ROIIC % is -144.85. Based on the distribution chart, Greenwave Technology Solutions ranks #220 out of 231 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Greenwave Technology Solutions has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Greenwave Technology Solutions' 3-Year ROIIC % compare to SENR and SNRG?
According to the Waste Management industry distribution chart, Greenwave Technology Solutions ranks #220 out of 231 companies for 3-Year ROIIC %. This places Greenwave Technology Solutions in the lower half of its industry. The industry median 3-Year ROIIC % is 3.13. 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 Waste Management company?
The median 3-Year ROIIC % among Waste Management companies is 3.13, based on 231 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 Greenwave Technology Solutions and its competitors. For the Waste Management industry, the median 3-Year ROIIC % is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greenwave Technology Solutions's current 3-Year ROIIC % is -144.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenwave Technology Solutions stock overvalued right now?
Based on GuruFocus' analysis, Greenwave Technology Solutions (GWAV) is currently considered Possible Value Trap. The stock's GF Value™ is $5.52, compared to a current price of $2.94 — trading 46.7% below its estimated fair value. The current 3-Year ROIIC % is -144.85. Greenwave Technology Solutions' overall GF Score™ is 40/100 with 7 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 Greenwave Technology Solutions (GWAV), the current 3-Year ROIIC % is -144.85 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 Greenwave Technology Solutions (GWAV) Overvalued in 2026?
Based on GuruFocus' analysis, Greenwave Technology Solutions stock appears to be undervalued.
The current stock price of $2.94 is trading 46.7% below its estimated GF Value™ of $5.52.
GuruFocus considers Greenwave Technology Solutions to be Possible Value Trap.
Key valuation signals for GWAV:
3-Year ROIIC %: -144.85
GF Value™: $5.52 vs. price of $2.94 (46.7% below fair value)
No single metric tells the full story. See the GWAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Greenwave Technology Solutions Business Description
Greenwave Technology Solutions Inc through its subsidiary, is an operator of several metal recycling facilities in Virginia, Ohio, & North Carolina. At these facilities, the company collects, classifies, & processes appliances, construction materials, end-of-life vehicles, boats, & industrial machinery. The company processes these items by crushing, shearing, shredding, separating, & sorting into smaller pieces & categorizes these recycled ferrous, nonferrous, & mixed metal pieces based on density & metal type before sale. For scrap cars, it removes the catalytic converters, aluminum wheels, & batteries for separate processing & sale before shredding the vehicle. The company is organized into three operating segments: Scrap Metal Recycling, Hauling, & Other (comprised of rental income).
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