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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.
Mainland Headwear HoldingsHKSE:01100 +1.53%83 3-Year ROIIC % is 160.02 as of Dec. 2025, which is 444% above its 10-year median of 29.40. GuruFocus rates HKSE:01100 with a GF Score™ of 83/100 and a GF Value™ of HK$1.79 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Mainland Headwear Holdings ranks better than 95.98% 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.
Mainland Headwear Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 160.02%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mainland Headwear Holdings's 3-Year ROIIC % or its related term are showing as below:
HKSE:01100's 3-Year ROIIC % is ranked better than 95.98% of 1020
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.555
vs HKSE:01100: 160.02
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.
Mainland Headwear Holdings 3-Year ROIIC % Related Terms
Mainland Headwear Holdings 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.
HKSE:01100 vs NKE, DECK, ONON: 3-Year ROIIC % Comparison
For the Footwear & Accessories subindustry, Mainland Headwear Holdings'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.
Mainland Headwear Holdings 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mainland Headwear Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mainland Headwear Holdings'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.
Mainland Headwear Holdings (HKSE:01100) has a 3-Year ROIIC % of 160.02 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 Mainland Headwear Holdings and its competitors. This is 444% above median its historical median of 29.40. According to the industry distribution chart, Mainland Headwear Holdings ranks #41 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 4%.
Is Mainland Headwear Holdings' 3-Year ROIIC % too high?
Mainland Headwear Holdings' current 3-Year ROIIC % of 160.02 is 444% above median its 10-year median of 29.40. The Manufacturing - Apparel & Accessories industry median 3-Year ROIIC % is 1.56. Mainland Headwear Holdings' value of 160.02 is 10190.7% above this industry median. Based on the distribution chart, Mainland Headwear Holdings ranks #41 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Mainland Headwear Holdings has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mainland Headwear Holdings' 3-Year ROIIC % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mainland Headwear Holdings ranks #41 out of 1020 companies for 3-Year ROIIC %. This places Mainland Headwear Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.56. Mainland Headwear Holdings' value of 160.02 is 10190.7% above this benchmark. While the company's 10-year median is 29.40 vs. the industry median of 1.56, Mainland Headwear Holdings has consistently been above the industry average. 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 Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.56, based on 1,020 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. Mainland Headwear Holdings's current 3-Year ROIIC % of 160.02 is 10190.7% above the industry median. 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 Mainland Headwear Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mainland Headwear Holdings's current 3-Year ROIIC % is 160.02, which is 444% above median its own 10-year median of 29.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mainland Headwear Holdings stock overvalued right now?
Based on GuruFocus' analysis, Mainland Headwear Holdings (HKSE:01100) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.79, compared to a current price of HK$1.33 — trading 26% below its estimated fair value. The current 3-Year ROIIC % is 160.02, which is 444% above median its 10-year median of 29.40 and 10190.7% above the Manufacturing - Apparel & Accessories industry median of 1.56. Mainland Headwear Holdings' overall GF Score™ is 83/100 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 Mainland Headwear Holdings (HKSE:01100), the current 3-Year ROIIC % is 160.02 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 Mainland Headwear Holdings (HKSE:01100) Overvalued in 2026?
Based on GuruFocus' analysis, Mainland Headwear Holdings stock appears to be undervalued.
The current stock price of HK$1.33 is trading 26% below its estimated GF Value™ of HK$1.79.
GuruFocus considers Mainland Headwear Holdings to be Modestly Undervalued.
Key valuation signals for HKSE:01100:
3-Year ROIIC %: 160.02 (444% above median its 10-year median of 29.40)
GF Value™: HK$1.79 vs. price of HK$1.33 (26% below fair value)
Industry Position: 10190.7% above the Manufacturing - Apparel & Accessories median (#41 of 1020)
No single metric tells the full story. See the HKSE:01100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the U.S. as the main market; followed by the European market. The key revenue is derived from the Manufacturing segment.
83GF Score
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