Mermaid Maritime PCLMMMPF +2.56%47 3-Year ROIIC % is 38.41 as of Dec. 2025, which is 187% above its 10-year median of 13.38. GuruFocus rates MMMPF with a GF Score™ of 47/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 922 Oil & Gas companies, Mermaid Maritime PCL ranks better than 82.43% 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.
Mermaid Maritime PCL's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 38.41%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mermaid Maritime PCL's 3-Year ROIIC % or its related term are showing as below:
MMMPF's 3-Year ROIIC % is ranked better than 82.43% of 922
companies
in the Oil & Gas industry
Industry Median: 0.04
vs MMMPF: 38.41
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.
Mermaid Maritime PCL 3-Year ROIIC % Related Terms
Mermaid Maritime PCL 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Mermaid Maritime PCL'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.
For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL'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.
Mermaid Maritime PCL 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL's 3-Year ROIIC % falls into.
Mermaid Maritime PCL'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**
=
( 6.8631148 (Dec. 2025) - 0.2862024 (Dec. 2022) )
/
( 278.352 (Dec. 2025) - 249.453 (Dec. 2022) )
=
6.5769124
/
28.899
=
22.76%***
* 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.
Mermaid Maritime PCL (MMMPF) has a 3-Year ROIIC % of 38.41 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 Mermaid Maritime PCL and its competitors. This is 187% above median its historical median of 13.38. According to the industry distribution chart, Mermaid Maritime PCL ranks #162 out of 922 companies in the Oil & Gas industry, placing it in the top 17.6%.
Is Mermaid Maritime PCL's 3-Year ROIIC % too high?
Mermaid Maritime PCL's current 3-Year ROIIC % of 38.41 is 187% above median its 10-year median of 13.38. The Oil & Gas industry median 3-Year ROIIC % is 0.04. Mermaid Maritime PCL's value of 38.41 is 95925% above this industry median. Based on the distribution chart, Mermaid Maritime PCL ranks #162 out of 922 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Mermaid Maritime PCL has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's 3-Year ROIIC % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #162 out of 922 companies for 3-Year ROIIC %. This places Mermaid Maritime PCL in the top 18% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 0.04. Mermaid Maritime PCL's value of 38.41 is 95925% above this benchmark. While the company's 10-year median is 13.38 vs. the industry median of 0.04, Mermaid Maritime PCL 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 an Oil & Gas company?
The median 3-Year ROIIC % among Oil & Gas companies is 0.04, based on 922 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. Mermaid Maritime PCL's current 3-Year ROIIC % of 38.41 is 95925% 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 Mermaid Maritime PCL and its competitors. For the Oil & Gas industry, the median 3-Year ROIIC % is 0.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current 3-Year ROIIC % is 38.41, which is 187% above median its own 10-year median of 13.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (MMMPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.08 — trading 33.3% above its estimated fair value. The current 3-Year ROIIC % is 38.41, which is 187% above median its 10-year median of 13.38 and 95925% above the Oil & Gas industry median of 0.04. Mermaid Maritime PCL's overall GF Score™ is 47/100 with 7 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 Mermaid Maritime PCL (MMMPF), the current 3-Year ROIIC % is 38.41 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 Mermaid Maritime PCL (MMMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued.
The current stock price of $0.08 is trading 33.3% above its estimated GF Value™ of $0.06.
GuruFocus considers Mermaid Maritime PCL to be Significantly Overvalued.
Key valuation signals for MMMPF:
3-Year ROIIC %: 38.41 (187% above median its 10-year median of 13.38)
GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
Industry Position: 95925% above the Oil & Gas median (#162 of 922)
No single metric tells the full story. See the MMMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.
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