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Mueller Water ProductsMWA +2.18%94 3-Year ROIIC % is 160.21 as of Sep. 2025, which is 1436% above its 10-year median of 10.43. GuruFocus rates MWA with a GF Score™ of 94/100 and a GF Value™ of $25.07 (Fairly Valued). Among 2,931 Industrial Products companies, Mueller Water Products ranks better than 95.19% 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.
Mueller Water Products's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was 160.21%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Mueller Water Products's 3-Year ROIIC % or its related term are showing as below:
MWA's 3-Year ROIIC % is ranked better than 95.19% of 2931
companies
in the Industrial Products industry
Industry Median: 3.45
vs MWA: 160.21
Mueller Water Products (NYSE:MWA) 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.
Mueller Water Products 3-Year ROIIC % Related Terms
Mueller Water Products 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Mueller Water Products'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 Specialty Industrial Machinery subindustry, Mueller Water Products'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.
Mueller Water Products 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Water Products's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Mueller Water Products's 3-Year ROIIC % falls into.
Mueller Water Products's 3-Year ROIIC % for the quarter that ended in Sep. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 203.15454 (Sep. 2025) - 97.57864 (Sep. 2022) )
/
( 1262.4 (Sep. 2025) - 1196.5 (Sep. 2022) )
=
105.5759
/
65.9
=
160.21%***
* 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.
Mueller Water Products (MWA) has a 3-Year ROIIC % of 160.21 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Mueller Water Products and its competitors. This is 1436% above median its historical median of 10.43. According to the industry distribution chart, Mueller Water Products ranks #141 out of 2931 companies in the Industrial Products industry, placing it in the top 4.8%.
Is Mueller Water Products' 3-Year ROIIC % too high?
Mueller Water Products' current 3-Year ROIIC % of 160.21 is 1436% above median its 10-year median of 10.43. The Industrial Products industry median 3-Year ROIIC % is 3.45. Mueller Water Products' value of 160.21 is 4543.8% above this industry median. Based on the distribution chart, Mueller Water Products ranks #141 out of 2931 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mueller Water Products has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mueller Water Products' 3-Year ROIIC % compare to MIR and KAI?
According to the Industrial Products industry distribution chart, Mueller Water Products ranks #141 out of 2931 companies for 3-Year ROIIC %. This places Mueller Water Products in the top 5% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.45. Mueller Water Products' value of 160.21 is 4543.8% above this benchmark. While the company's 10-year median is 10.43 vs. the industry median of 3.45, Mueller Water Products 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 Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.45, based on 2,931 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. Mueller Water Products's current 3-Year ROIIC % of 160.21 is 4543.8% 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 Mueller Water Products and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mueller Water Products's current 3-Year ROIIC % is 160.21, which is 1436% above median its own 10-year median of 10.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mueller Water Products stock overvalued right now?
Based on GuruFocus' analysis, Mueller Water Products (MWA) is currently considered Fairly Valued. The stock's GF Value™ is $25.07, compared to a current price of $25.79 — trading 2.9% above its estimated fair value. The current 3-Year ROIIC % is 160.21, which is 1436% above median its 10-year median of 10.43 and 4543.8% above the Industrial Products industry median of 3.45. Mueller Water Products' overall GF Score™ is 94/100. 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 Mueller Water Products (MWA), the current 3-Year ROIIC % is 160.21 as of Sep. 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 Mueller Water Products (MWA) Overvalued in 2026?
Based on GuruFocus' analysis, Mueller Water Products stock appears to be overvalued.
The current stock price of $25.79 is trading 2.9% above its estimated GF Value™ of $25.07.
GuruFocus considers Mueller Water Products to be Fairly Valued.
Key valuation signals for MWA:
3-Year ROIIC %: 160.21 (1436% above median its 10-year median of 10.43)
GF Value™: $25.07 vs. price of $25.79 (2.9% above fair value)
Industry Position: 4543.8% above the Industrial Products median (#141 of 2931)
No single metric tells the full story. See the MWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mueller Water Products Inc is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments: Water Flow Solutions and Water Management Solutions. The Water Flow Solutions segment, which derives maximum revenue for the company, includes products like iron gate valves, specialty valves, and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. Geographically, the company derives a majority of its revenue from the United States and the rest from Canada and other international locations.
94GF Score
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