Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
CMCNGO:2185 68 3-Year ROIIC % is 2.20 as of Sep. 2025, which is 94% below its 10-year median of 36.54. GuruFocus rates NGO:2185 with a GF Score™ of 68/100 and a GF Value™ of 円854.50. The stock has 5 warning signs investors should review. Among 2,624 Software companies, CMC ranks worse than 55.72% 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.
CMC's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was 2.20%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for CMC's 3-Year ROIIC % or its related term are showing as below:
NGO:2185's 3-Year ROIIC % is ranked worse than 55.72% of 2624
companies
in the Software industry
Industry Median: 5.355
vs NGO:2185: 2.20
CMC (NGO:2185) 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.
CMC 3-Year ROIIC % Related Terms
CMC 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for CMC'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.
NGO:2185 vs IBM, ACN, FISV: 3-Year ROIIC % Comparison
For the Information Technology Services subindustry, CMC'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.
CMC 3-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, CMC's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where CMC'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.
CMC (NGO:2185) has a 3-Year ROIIC % of 2.20 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 CMC and its competitors. This is 94% below median its historical median of 36.54. According to the industry distribution chart, CMC ranks #1462 out of 2624 companies in the Software industry, placing it in the top 55.7%.
Is CMC's 3-Year ROIIC % too high?
CMC's current 3-Year ROIIC % of 2.20 is 94% below median its 10-year median of 36.54. The Software industry median 3-Year ROIIC % is 5.36. CMC's value of 2.20 is 58.9% below this industry median. Based on the distribution chart, CMC ranks #1462 out of 2624 companies in the Software industry, which is below the industry midpoint. Overall, CMC has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does CMC's 3-Year ROIIC % compare to IBM and ACN?
According to the Software industry distribution chart, CMC ranks #1462 out of 2624 companies for 3-Year ROIIC %. This places CMC in the lower half of its industry. The industry median 3-Year ROIIC % is 5.36. CMC's value of 2.20 is 58.9% below this benchmark. While the company's 10-year median is 36.54 vs. the industry median of 5.36, CMC has consistently been below 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 a Software company?
The median 3-Year ROIIC % among Software companies is 5.36, based on 2,624 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. CMC's current 3-Year ROIIC % of 2.20 is 58.9% below 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 CMC and its competitors. For the Software industry, the median 3-Year ROIIC % is 5.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC's current 3-Year ROIIC % is 2.20, which is 94% below median its own 10-year median of 36.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMC stock overvalued right now?
CMC (NGO:2185) has a current 3-Year ROIIC % of 2.20. The stock's GF Value™ is 円854.50, compared to a current price of 円1,090.50 — trading 27.6% above its estimated fair value. The current 3-Year ROIIC % is 2.20, which is 94% below median its 10-year median of 36.54 and 58.9% below the Software industry median of 5.36. CMC's overall GF Score™ is 68/100 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 CMC (NGO:2185), the current 3-Year ROIIC % is 2.20 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 CMC (NGO:2185) Overvalued in 2026?
Based on GuruFocus' analysis, CMC stock appears to be overvalued.
The current stock price of 円1,090.50 is trading 27.6% above its estimated GF Value™ of 円854.50.
Key valuation signals for NGO:2185:
3-Year ROIIC %: 2.20 (94% below median its 10-year median of 36.54)
GF Value™: 円854.50 vs. price of 円1,090.50 (27.6% above fair value)
Industry Position: 58.9% below the Software median (#1462 of 2624)
No single metric tells the full story. See the NGO:2185 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMC Corp is a Japanese company engaged in writing and editing technical manuals for automakers in Japan. The business is comprised of marketing operations and system development operations.
68GF Score
Get the complete analysis for NGO:2185
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGO:2185 has been successfully added to your 
