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Smart-Core HoldingsHKSE:02166 -4.06%59 3-Year ROIIC % is 82.74 as of Dec. 2025, which is 319% above its 10-year median of 19.74. GuruFocus rates HKSE:02166 with a GF Score™ of 59/100 and a GF Value™ of HK$1.52 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,366 Hardware companies, Smart-Core Holdings ranks better than 89.39% 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.
Smart-Core Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 82.74%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Smart-Core Holdings's 3-Year ROIIC % or its related term are showing as below:
HKSE:02166's 3-Year ROIIC % is ranked better than 89.39% of 2366
companies
in the Hardware industry
Industry Median: 2.375
vs HKSE:02166: 82.74
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.
Smart-Core Holdings 3-Year ROIIC % Related Terms
Smart-Core Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Smart-Core Holdings'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:02166 vs SNX, ARW, AVT: 3-Year ROIIC % Comparison
For the Electronics & Computer Distribution subindustry, Smart-Core 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.
Smart-Core Holdings 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Smart-Core Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Smart-Core 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.
Smart-Core Holdings (HKSE:02166) has a 3-Year ROIIC % of 82.74 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 Smart-Core Holdings and its competitors. This is 319% above median its historical median of 19.74. According to the industry distribution chart, Smart-Core Holdings ranks #251 out of 2366 companies in the Hardware industry, placing it in the top 10.6%.
Is Smart-Core Holdings' 3-Year ROIIC % too high?
Smart-Core Holdings' current 3-Year ROIIC % of 82.74 is 319% above median its 10-year median of 19.74. The Hardware industry median 3-Year ROIIC % is 2.38. Smart-Core Holdings' value of 82.74 is 3383.8% above this industry median. Based on the distribution chart, Smart-Core Holdings ranks #251 out of 2366 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Smart-Core Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart-Core Holdings' 3-Year ROIIC % compare to SNX and ARW?
According to the Hardware industry distribution chart, Smart-Core Holdings ranks #251 out of 2366 companies for 3-Year ROIIC %. This places Smart-Core Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.38. Smart-Core Holdings' value of 82.74 is 3383.8% above this benchmark. While the company's 10-year median is 19.74 vs. the industry median of 2.38, Smart-Core 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.38, based on 2,366 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. Smart-Core Holdings's current 3-Year ROIIC % of 82.74 is 3383.8% 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 Smart-Core Holdings and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart-Core Holdings's current 3-Year ROIIC % is 82.74, which is 319% above median its own 10-year median of 19.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart-Core Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart-Core Holdings (HKSE:02166) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.52, compared to a current price of HK$4.61 — trading 203% above its estimated fair value. The current 3-Year ROIIC % is 82.74, which is 319% above median its 10-year median of 19.74 and 3383.8% above the Hardware industry median of 2.38. Smart-Core Holdings' overall GF Score™ is 59/100 with 4 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 Smart-Core Holdings (HKSE:02166), the current 3-Year ROIIC % is 82.74 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 Smart-Core Holdings (HKSE:02166) Overvalued in 2026?
Based on GuruFocus' analysis, Smart-Core Holdings stock appears to be overvalued.
The current stock price of HK$4.61 is trading 203% above its estimated GF Value™ of HK$1.52.
GuruFocus considers Smart-Core Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02166:
3-Year ROIIC %: 82.74 (319% above median its 10-year median of 19.74)
GF Value™: HK$1.52 vs. price of HK$4.61 (203% above fair value)
Industry Position: 3383.8% above the Hardware median (#251 of 2366)
No single metric tells the full story. See the HKSE:02166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart-Core Holdings Ltd is a distributor of integrated circuits and other electronic components and technology value-added service providers covering multiple market segments such as televisions, optoelectronic displays, smart terminals, memory, security monitoring, Internet of Things (IoT), and optical communications. Its service networks cover the majority of regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support, and software services. Its segments include Authorised distribution and Mixed distribution. It makes up the majority of the revenue from the Authorised distribution segment.
59GF Score
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