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.
HIVE Digital Technologies's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -15.24%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for HIVE Digital Technologies's 3-Year ROIIC % or its related term are showing as below:
HIVE's 3-Year ROIIC % is ranked worse than 77.2% of 658
companies
in the Capital Markets industry
Industry Median: 2.78
vs HIVE: -15.24
HIVE Digital Technologies (NAS:HIVE) 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.
HIVE Digital Technologies 3-Year ROIIC % Related Terms
HIVE Digital Technologies 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.
For the Capital Markets subindustry, HIVE Digital Technologies'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.
HIVE Digital Technologies 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HIVE Digital Technologies's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where HIVE Digital Technologies's 3-Year ROIIC % falls into.
HIVE Digital Technologies 3-Year ROIIC % Calculation
HIVE Digital Technologies's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -116.462 (Mar. 2026) - -52.496 (Mar. 2023) )
/
( 597.92 (Mar. 2026) - 177.678 (Mar. 2023) )
=
-63.966
/
420.242
=
-15.22%***
* 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.
HIVE Digital Technologies (HIVE) has a 3-Year ROIIC % of -15.24 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on HIVE Digital Technologies and its competitors. According to the industry distribution chart, HIVE Digital Technologies ranks #508 out of 658 companies in the Capital Markets industry, placing it in the top 77.2%.
Is HIVE Digital Technologies' 3-Year ROIIC % too high?
HIVE Digital Technologies' current 3-Year ROIIC % is -15.24. Based on the distribution chart, HIVE Digital Technologies ranks #508 out of 658 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, HIVE Digital Technologies has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HIVE Digital Technologies' 3-Year ROIIC % compare to MS and GS?
According to the Capital Markets industry distribution chart, HIVE Digital Technologies ranks #508 out of 658 companies for 3-Year ROIIC %. This places HIVE Digital Technologies in the lower half of its industry. The industry median 3-Year ROIIC % is 2.78. 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.78, based on 658 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 HIVE Digital Technologies and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HIVE Digital Technologies's current 3-Year ROIIC % is -15.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIVE Digital Technologies stock overvalued right now?
Based on GuruFocus' analysis, HIVE Digital Technologies (HIVE) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.70, compared to a current price of $3.25 — trading 12.2% below its estimated fair value. The current 3-Year ROIIC % is -15.24. HIVE Digital Technologies' overall GF Score™ is 65/100 with 1 warning sign 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 HIVE Digital Technologies (HIVE), the current 3-Year ROIIC % is -15.24 as of Mar. 2026. 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 HIVE Digital Technologies (HIVE) Overvalued in 2026?
Based on GuruFocus' analysis, HIVE Digital Technologies stock appears to be undervalued.
The current stock price of $3.25 is trading 12.2% below its estimated GF Value™ of $3.70.
GuruFocus considers HIVE Digital Technologies to be Modestly Undervalued.
Key valuation signals for HIVE:
3-Year ROIIC %: -15.24
GF Value™: $3.70 vs. price of $3.25 (12.2% below fair value)
No single metric tells the full story. See the HIVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HIVE Digital Technologies Ltd is a sustainable-energy-focused digital infrastructure company that provides infrastructure solutions through the operation of Tier-1 and Tier-3 data centers. Its computing power is used for high-performance computing (HPC) and for generating hashrate sold to mining pools for cryptocurrency mining. The Company uses cash flow from its hashrate services business to support the expansion of its AI and HPC operations through its subsidiary. The Company focuses on Canada, Sweden, and Paraguay, where low-cost renewable power supports its operations and expansion. It operates in one segment with two revenue streams: the mining and sale of digital currencies and high-performance computing hosting. The majority of its revenue is generated from Bermuda.
65GF Score
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