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.
Nordic Semiconductor ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -28.90%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nordic Semiconductor ASA's 3-Year ROIIC % or its related term are showing as below:
NDCVF's 3-Year ROIIC % is ranked worse than 76% of 996
companies
in the Semiconductors industry
Industry Median: -0.155
vs NDCVF: -28.90
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.
Nordic Semiconductor ASA 3-Year ROIIC % Related Terms
Nordic Semiconductor ASA 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.
NDCVF vs NVDA, AVGO, MU: 3-Year ROIIC % Comparison
For the Semiconductors subindustry, Nordic Semiconductor ASA'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.
Nordic Semiconductor ASA 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nordic Semiconductor ASA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nordic Semiconductor ASA's 3-Year ROIIC % falls into.
Nordic Semiconductor ASA'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**
=
( 23.192 (Dec. 2025) - 118.2757719 (Dec. 2022) )
/
( 633.939 (Dec. 2025) - 321.362 (Dec. 2022) )
=
-95.0837719
/
312.577
=
-30.42%***
* 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.
Nordic Semiconductor ASA (NDCVF) has a 3-Year ROIIC % of -28.90 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 Nordic Semiconductor ASA and its competitors. According to the industry distribution chart, Nordic Semiconductor ASA ranks #757 out of 996 companies in the Semiconductors industry, placing it in the top 76%.
Is Nordic Semiconductor ASA's 3-Year ROIIC % too high?
Nordic Semiconductor ASA's current 3-Year ROIIC % is -28.90. Based on the distribution chart, Nordic Semiconductor ASA ranks #757 out of 996 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Nordic Semiconductor ASA has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordic Semiconductor ASA's 3-Year ROIIC % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Nordic Semiconductor ASA ranks #757 out of 996 companies for 3-Year ROIIC %. This places Nordic Semiconductor ASA 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 Nordic Semiconductor ASA and its competitors. Nordic Semiconductor ASA's current 3-Year ROIIC % is -28.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Semiconductor ASA stock overvalued right now?
Based on GuruFocus' analysis, Nordic Semiconductor ASA (NDCVF) is currently considered Modestly Overvalued. The stock's GF Value™ is $15.04, compared to a current price of $17.10 — trading 13.7% above its estimated fair value. The current 3-Year ROIIC % is -28.90. Nordic Semiconductor ASA's overall GF Score™ is 86/100 with 5 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 Nordic Semiconductor ASA (NDCVF), the current 3-Year ROIIC % is -28.90 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 Nordic Semiconductor ASA (NDCVF) Overvalued in 2026?
Based on GuruFocus' analysis, Nordic Semiconductor ASA stock appears to be overvalued.
The current stock price of $17.10 is trading 13.7% above its estimated GF Value™ of $15.04.
GuruFocus considers Nordic Semiconductor ASA to be Modestly Overvalued.
Key valuation signals for NDCVF:
3-Year ROIIC %: -28.90
GF Value™: $15.04 vs. price of $17.10 (13.7% above fair value)
No single metric tells the full story. See the NDCVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordic Semiconductor designs Bluetooth Low Energy chips for the wireless industry, making 90% of its revenue from this technology. Nordic's chips are used in all types of battery-powered devices such as wearables, smarthome applications, asset trackers, and industrial and healthcare markets. In recent years Nordic has also expanded into adjacent technologies such as Wi-Fi, Thread protocol and long-range connectivity.
86GF Score
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