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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.
Asiaray Media Group's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -6.45%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Asiaray Media Group's 3-Year ROIIC % or its related term are showing as below:
HKSE:01993's 3-Year ROIIC % is ranked worse than 60.91% of 944
companies
in the Media - Diversified industry
Industry Median: 1.325
vs HKSE:01993: -6.45
Asiaray Media Group (HKSE:01993) 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.
Asiaray Media Group 3-Year ROIIC % Related Terms
Asiaray Media Group 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Asiaray Media Group'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.
HKSE:01993 vs APP, OMC, TTD: 3-Year ROIIC % Comparison
For the Advertising Agencies subindustry, Asiaray Media Group'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.
Asiaray Media Group 3-Year ROIIC % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Asiaray Media Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Asiaray Media Group's 3-Year ROIIC % falls into.
Asiaray Media Group'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**
=
( 63.002685 (Dec. 2025) - -50.804 (Dec. 2022) )
/
( 1873.938 (Dec. 2025) - 3638.356 (Dec. 2022) )
=
113.806685
/
-1764.418
=
-6.45%***
* 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.
Asiaray Media Group (HKSE:01993) has a 3-Year ROIIC % of -6.45 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 Asiaray Media Group and its competitors. According to the industry distribution chart, Asiaray Media Group ranks #575 out of 944 companies in the Media - Diversified industry, placing it in the top 60.9%.
Is Asiaray Media Group's 3-Year ROIIC % too high?
Asiaray Media Group's current 3-Year ROIIC % is -6.45. Based on the distribution chart, Asiaray Media Group ranks #575 out of 944 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Asiaray Media Group has a GF Score™ of 28/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asiaray Media Group's 3-Year ROIIC % compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Asiaray Media Group ranks #575 out of 944 companies for 3-Year ROIIC %. This places Asiaray Media Group in the lower half of its industry. The industry median 3-Year ROIIC % is 1.33. 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 Media - Diversified company?
The median 3-Year ROIIC % among Media - Diversified companies is 1.33, based on 944 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 Asiaray Media Group and its competitors. For the Media - Diversified industry, the median 3-Year ROIIC % is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asiaray Media Group's current 3-Year ROIIC % is -6.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asiaray Media Group stock overvalued right now?
Based on GuruFocus' analysis, Asiaray Media Group (HKSE:01993) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.55, compared to a current price of HK$0.56 — trading 1.8% above its estimated fair value. The current 3-Year ROIIC % is -6.45. Asiaray Media Group's overall GF Score™ is 28/100 with 6 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 Asiaray Media Group (HKSE:01993), the current 3-Year ROIIC % is -6.45 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 Asiaray Media Group (HKSE:01993) Overvalued in 2026?
Based on GuruFocus' analysis, Asiaray Media Group stock appears to be overvalued.
The current stock price of HK$0.56 is trading 1.8% above its estimated GF Value™ of HK$0.55.
GuruFocus considers Asiaray Media Group to be Fairly Valued.
Key valuation signals for HKSE:01993:
3-Year ROIIC %: -6.45
GF Value™: HK$0.55 vs. price of HK$0.56 (1.8% above fair value)
No single metric tells the full story. See the HKSE:01993 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asiaray Media Group Ltd is an investment holding company. Along with its subsidiaries, it operates as an out-of-home media company in Greater China with a strategic focus on mega transport advertising media management, including airport, metro line, and high-speed rail line, etc. The Group's operating segments are: Airports business, Metro and billboards business, and Bus and other business. Maximum revenue is generated from the Metro and billboards business, which is involved in the operation of advertising services in metro lines and billboards, and building solutions. Geographically, the Group generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong and other regions.
28GF Score
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