Nickel AsiaNCKAF 92 3-Year ROIIC % is -6.68 as of Dec. 2025. GuruFocus rates NCKAF with a GF Score™ of 92/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,305 Metals & Mining companies, Nickel Asia ranks worse than 56.79% 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.
Nickel Asia's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -6.68%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nickel Asia's 3-Year ROIIC % or its related term are showing as below:
NCKAF's 3-Year ROIIC % is ranked worse than 56.79% of 2305
companies
in the Metals & Mining industry
Industry Median: -2.53
vs NCKAF: -6.68
Nickel Asia (OTCPK:NCKAF) 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.
Nickel Asia 3-Year ROIIC % Related Terms
Nickel Asia 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Nickel Asia'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 Other Industrial Metals & Mining subindustry, Nickel Asia'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.
Nickel Asia 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nickel Asia's 3-Year ROIIC % falls into.
* 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.
Nickel Asia (NCKAF) has a 3-Year ROIIC % of -6.68 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 Nickel Asia and its competitors. According to the industry distribution chart, Nickel Asia ranks #1309 out of 2305 companies in the Metals & Mining industry, placing it in the top 56.8%.
Is Nickel Asia's 3-Year ROIIC % too high?
Nickel Asia's current 3-Year ROIIC % is -6.68. Based on the distribution chart, Nickel Asia ranks #1309 out of 2305 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Asia has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #1309 out of 2305 companies for 3-Year ROIIC %. This places Nickel Asia 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 Nickel Asia and its competitors. Nickel Asia's current 3-Year ROIIC % is -6.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (NCKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.10 — trading 66.7% above its estimated fair value. The current 3-Year ROIIC % is -6.68. Nickel Asia's overall GF Score™ is 92/100 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 Nickel Asia (NCKAF), the current 3-Year ROIIC % is -6.68 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 Nickel Asia (NCKAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be overvalued.
The current stock price of $0.10 is trading 66.7% above its estimated GF Value™ of $0.06.
GuruFocus considers Nickel Asia to be Significantly Overvalued.
Key valuation signals for NCKAF:
3-Year ROIIC %: -6.68
GF Value™: $0.06 vs. price of $0.10 (66.7% above fair value)
No single metric tells the full story. See the NCKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
92GF Score
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