Anglogold AshantiHAM:HT3 +1.44%72 3-Year ROIIC % is 59.31 as of Dec. 2025, which is 304% above its 10-year median of 14.69. GuruFocus rates HAM:HT3 with a GF Score™ of 72/100 and a GF Value™ of €48.83 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,300 Metals & Mining companies, Anglogold Ashanti ranks better than 84.57% 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.
Anglogold Ashanti's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 59.31%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Anglogold Ashanti's 3-Year ROIIC % or its related term are showing as below:
HAM:HT3's 3-Year ROIIC % is ranked better than 84.57% of 2300
companies
in the Metals & Mining industry
Industry Median: -2.51
vs HAM:HT3: 59.31
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.
Anglogold Ashanti 3-Year ROIIC % Related Terms
Anglogold Ashanti 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Anglogold Ashanti'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.
HAM:HT3 vs RGLD, CDE, AUGO: 3-Year ROIIC % Comparison
For the Gold subindustry, Anglogold Ashanti'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.
Anglogold Ashanti 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti's 3-Year ROIIC % falls into.
* 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.
Anglogold Ashanti (HAM:HT3) has a 3-Year ROIIC % of 59.31 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 Anglogold Ashanti and its competitors. This is 304% above median its historical median of 14.69. According to the industry distribution chart, Anglogold Ashanti ranks #355 out of 2300 companies in the Metals & Mining industry, placing it in the top 15.4%.
Is Anglogold Ashanti's 3-Year ROIIC % too high?
Anglogold Ashanti's current 3-Year ROIIC % of 59.31 is 304% above median its 10-year median of 14.69. Based on the distribution chart, Anglogold Ashanti ranks #355 out of 2300 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Anglogold Ashanti has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's 3-Year ROIIC % compare to RGLD and CDE?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #355 out of 2300 companies for 3-Year ROIIC %. This places Anglogold Ashanti in the top 15% 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 Anglogold Ashanti and its competitors. Anglogold Ashanti's current 3-Year ROIIC % is 59.31, which is 304% above median its own 10-year median of 14.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (HAM:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €48.83, compared to a current price of €72.08 — trading 47.6% above its estimated fair value. The current 3-Year ROIIC % is 59.31, which is 304% above median its 10-year median of 14.69. Anglogold Ashanti's overall GF Score™ is 72/100 with 2 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 Anglogold Ashanti (HAM:HT3), the current 3-Year ROIIC % is 59.31 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 Anglogold Ashanti (HAM:HT3) Overvalued in 2026?
Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued.
The current stock price of €72.08 is trading 47.6% above its estimated GF Value™ of €48.83.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for HAM:HT3:
3-Year ROIIC %: 59.31 (304% above median its 10-year median of 14.69)
GF Value™: €48.83 vs. price of €72.08 (47.6% above fair value)
No single metric tells the full story. See the HAM:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
72GF Score
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