What is IMD International Medical Devices SpA 3-Year ROIIC %?
IMD International Medical Devices SpAMIL:IMD 44 3-Year ROIIC % is 194.59 as of Dec. 2025, which is 243% above its 10-year median of 56.81. GuruFocus rates MIL:IMD with a GF Score™ of 44/100 and a GF Value™ of €1.36 (Fairly Valued). The stock has 3 warning signs investors should review. Among 799 Medical Devices & Instruments companies, IMD International Medical Devices SpA ranks better than 93.37% 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.
IMD International Medical Devices SpA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 194.59%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
MIL:IMD's 3-Year ROIIC % is ranked better than 93.37% of 799
companies
in the Medical Devices & Instruments industry
Industry Median: 1.67
vs MIL:IMD: 194.59
IMD International Medical Devices SpA (MIL:IMD) 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.
IMD International Medical Devices SpA 3-Year ROIIC % Related Terms
IMD International Medical Devices SpA 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.
IMD International Medical Devices SpA 3-Year ROIIC % Chart
IMD International Medical Devices SpA Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
3-Year ROIIC %
0.00
0.00
0.00
-80.97
194.59
IMD International Medical Devices SpA Semi-Annual Data
MIL:IMD vs ABT, SYK, MDT: 3-Year ROIIC % Comparison
For the Medical Devices subindustry, IMD International Medical Devices SpA'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.
IMD International Medical Devices SpA 3-Year ROIIC % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, IMD International Medical Devices SpA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where IMD International Medical Devices SpA's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 1.5288416 (Dec. 2025) - 3.5973441 (Dec. 2022) )
/
( 17.478 (Dec. 2025) - 18.541 (Dec. 2022) )
=
-2.0685025
/
-1.063
=
194.59%***
* 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.
IMD International Medical Devices SpA (MIL:IMD) has a 3-Year ROIIC % of 194.59 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 IMD International Medical Devices SpA and its competitors. This is 243% above median its historical median of 56.81. According to the industry distribution chart, IMD International Medical Devices SpA ranks #53 out of 799 companies in the Medical Devices & Instruments industry, placing it in the top 6.6%.
Is IMD International Medical Devices SpA's 3-Year ROIIC % too high?
IMD International Medical Devices SpA's current 3-Year ROIIC % of 194.59 is 243% above median its 10-year median of 56.81. The Medical Devices & Instruments industry median 3-Year ROIIC % is 1.67. IMD International Medical Devices SpA's value of 194.59 is 11552.1% above this industry median. Based on the distribution chart, IMD International Medical Devices SpA ranks #53 out of 799 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, IMD International Medical Devices SpA has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IMD International Medical Devices SpA's 3-Year ROIIC % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, IMD International Medical Devices SpA ranks #53 out of 799 companies for 3-Year ROIIC %. This places IMD International Medical Devices SpA in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.67. IMD International Medical Devices SpA's value of 194.59 is 11552.1% above this benchmark. While the company's 10-year median is 56.81 vs. the industry median of 1.67, IMD International Medical Devices SpA 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 Medical Devices & Instruments company?
The median 3-Year ROIIC % among Medical Devices & Instruments companies is 1.67, based on 799 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. IMD International Medical Devices SpA's current 3-Year ROIIC % of 194.59 is 11552.1% 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 IMD International Medical Devices SpA and its competitors. For the Medical Devices & Instruments industry, the median 3-Year ROIIC % is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IMD International Medical Devices SpA's current 3-Year ROIIC % is 194.59, which is 243% above median its own 10-year median of 56.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IMD International Medical Devices SpA stock overvalued right now?
Based on GuruFocus' analysis, IMD International Medical Devices SpA (MIL:IMD) is currently considered Fairly Valued. The stock's GF Value™ is €1.36, compared to a current price of €1.30 — trading 4.4% below its estimated fair value. The current 3-Year ROIIC % is 194.59, which is 243% above median its 10-year median of 56.81 and 11552.1% above the Medical Devices & Instruments industry median of 1.67. IMD International Medical Devices SpA's overall GF Score™ is 44/100 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 IMD International Medical Devices SpA (MIL:IMD), the current 3-Year ROIIC % is 194.59 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 IMD International Medical Devices SpA (MIL:IMD) Overvalued in 2026?
Based on GuruFocus' analysis, IMD International Medical Devices SpA stock appears to be undervalued.
The current stock price of €1.30 is trading 4.4% below its estimated GF Value™ of €1.36.
GuruFocus considers IMD International Medical Devices SpA to be Fairly Valued.
Key valuation signals for MIL:IMD:
3-Year ROIIC %: 194.59 (243% above median its 10-year median of 56.81)
GF Value™: €1.36 vs. price of €1.30 (4.4% below fair value)
Industry Position: 11552.1% above the Medical Devices & Instruments median (#53 of 799)
No single metric tells the full story. See the MIL:IMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IMD International Medical Devices SpA Business Description
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