ComstockLODE -2.76%47 3-Year ROIIC % is -32.77 as of Dec. 2025. GuruFocus rates LODE with a GF Score™ of 47/100 and a GF Value™ of $0.73 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,300 Metals & Mining companies, Comstock ranks worse than 73.74% 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.
Comstock's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -32.77%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Comstock's 3-Year ROIIC % or its related term are showing as below:
LODE's 3-Year ROIIC % is ranked worse than 73.74% of 2300
companies
in the Metals & Mining industry
Industry Median: -2.49
vs LODE: -32.77
Comstock (AMEX:LODE) 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.
Comstock 3-Year ROIIC % Related Terms
Comstock 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Comstock'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.
LODE vs GORO, THMG, ACRG: 3-Year ROIIC % Comparison
For the Other Precious Metals & Mining subindustry, Comstock'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.
Comstock 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Comstock's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Comstock's 3-Year ROIIC % falls into.
Comstock'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**
=
( -37.906 (Dec. 2025) - -20.417 (Dec. 2022) )
/
( 151.854 (Dec. 2025) - 98.481 (Dec. 2022) )
=
-17.489
/
53.373
=
-32.77%***
* 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.
Comstock (LODE) has a 3-Year ROIIC % of -32.77 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 Comstock and its competitors. According to the industry distribution chart, Comstock ranks #1696 out of 2300 companies in the Metals & Mining industry, placing it in the top 73.7%.
Is Comstock's 3-Year ROIIC % too high?
Comstock's current 3-Year ROIIC % is -32.77. Based on the distribution chart, Comstock ranks #1696 out of 2300 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Comstock has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Comstock's 3-Year ROIIC % compare to GORO and THMG?
According to the Metals & Mining industry distribution chart, Comstock ranks #1696 out of 2300 companies for 3-Year ROIIC %. This places Comstock in the lower half of its industry. 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 Comstock and its competitors. Comstock's current 3-Year ROIIC % is -32.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comstock stock overvalued right now?
Based on GuruFocus' analysis, Comstock (LODE) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.73, compared to a current price of $4.22 — trading 478.1% above its estimated fair value. The current 3-Year ROIIC % is -32.77. Comstock's overall GF Score™ is 47/100 with 5 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 Comstock (LODE), the current 3-Year ROIIC % is -32.77 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 Comstock (LODE) Overvalued in 2026?
Based on GuruFocus' analysis, Comstock stock appears to be overvalued.
The current stock price of $4.22 is trading 478.1% above its estimated GF Value™ of $0.73.
GuruFocus considers Comstock to be Significantly Overvalued.
Key valuation signals for LODE:
3-Year ROIIC %: -32.77
GF Value™: $0.73 vs. price of $4.22 (478.1% above fair value)
No single metric tells the full story. See the LODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comstock Inc commercializes technologies that convert underutilized waste and natural resources into clean energy and supporting products, including electrification, metals, and minerals from end-of-life solar panels. Its subsidiary focuses on producing renewable fuels from waste, energy crops, and woody biomass, supported by facilities in Wisconsin, pilot farms, a biorefinery site in Tulsa, and solar panel recycling operations in Nevada. The Company operates through two high-growth segments and a corporate segment, with its activities grouped into Metals, which generates the majority of revenue, Fuels, Mining, Strategic Investments, and Corporate Services.
47GF Score
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