Nano LabsNA -3.98%43 3-Year ROIIC % is -21.62 as of Dec. 2025. GuruFocus rates NA with a GF Score™ of 43/100 and a GF Value™ of $0.88 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 996 Semiconductors companies, Nano Labs ranks worse than 71.49% 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.
Nano Labs's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -21.62%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nano Labs's 3-Year ROIIC % or its related term are showing as below:
NA's 3-Year ROIIC % is ranked worse than 71.49% of 996
companies
in the Semiconductors industry
Industry Median: -0.25
vs NA: -21.62
Nano Labs (NAS:NA) 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.
Nano Labs 3-Year ROIIC % Related Terms
Nano Labs 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Nano Labs'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 Semiconductors subindustry, Nano Labs'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.
Nano Labs 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nano Labs's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nano Labs's 3-Year ROIIC % falls into.
Nano Labs'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**
=
( -15.216 (Dec. 2025) - 2.967 (Dec. 2022) )
/
( 118.83 (Dec. 2025) - 34.711 (Dec. 2022) )
=
-18.183
/
84.119
=
-21.62%***
* 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.
Nano Labs (NA) has a 3-Year ROIIC % of -21.62 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 Nano Labs and its competitors. According to the industry distribution chart, Nano Labs ranks #712 out of 996 companies in the Semiconductors industry, placing it in the top 71.5%.
Is Nano Labs' 3-Year ROIIC % too high?
Nano Labs' current 3-Year ROIIC % is -21.62. Based on the distribution chart, Nano Labs ranks #712 out of 996 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Nano Labs has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nano Labs' 3-Year ROIIC % compare to PXLW and MOBX?
According to the Semiconductors industry distribution chart, Nano Labs ranks #712 out of 996 companies for 3-Year ROIIC %. This places Nano Labs 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 Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors 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 Nano Labs and its competitors. Nano Labs's current 3-Year ROIIC % is -21.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nano Labs stock overvalued right now?
Based on GuruFocus' analysis, Nano Labs (NA) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.88, compared to a current price of $1.81 — trading 105.7% above its estimated fair value. The current 3-Year ROIIC % is -21.62. Nano Labs' overall GF Score™ is 43/100 with 10 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 Nano Labs (NA), the current 3-Year ROIIC % is -21.62 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 Nano Labs (NA) Overvalued in 2026?
Based on GuruFocus' analysis, Nano Labs stock appears to be overvalued.
The current stock price of $1.81 is trading 105.7% above its estimated GF Value™ of $0.88.
GuruFocus considers Nano Labs to be Significantly Overvalued.
Key valuation signals for NA:
3-Year ROIIC %: -21.62
GF Value™: $0.88 vs. price of $1.81 (105.7% above fair value)
No single metric tells the full story. See the NA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nano Labs Ltd is a Web 3.0 infrastructure and product solution provider, as well as a crypto treasury company. It is focused on the development of HTC chips and HPC chips. In addition, the company has established BNB value investment and adopted BNB (a crypto token) as the primary reserve asset. Furthermore, it has launched the iPollo Claw, a dedicated hardware solution for the OpenClaw AI Agent Ecosystem. Nano Labs derives revenue mainly from its HTC and HPC offerings, which comprise Darkbird series HPC chips that feature high performance and high energy consumption efficiency, and Cuckoo series chips, used in GPUs. Geographically, the company generates maximum revenue from the People's Republic of China (PRC), and the rest from Singapore, Hong Kong, the United States, and other markets.
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