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Noram LithiumNRVTF +1.22% 3-Year ROIIC % is 93.10 as of Jan. 2026, which is 414% above its 10-year median of 18.11. Among 2,302 Metals & Mining companies, Noram Lithium ranks better than 87.53% 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.
Noram Lithium's 3-Year ROIIC % for the quarter that ended in Jan. 2026 was 93.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Noram Lithium's 3-Year ROIIC % or its related term are showing as below:
NRVTF's 3-Year ROIIC % is ranked better than 87.53% of 2302
companies
in the Metals & Mining industry
Industry Median: -2.58
vs NRVTF: 93.10
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.
Noram Lithium 3-Year ROIIC % Related Terms
Noram Lithium 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Noram Lithium'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, Noram Lithium'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.
Noram Lithium 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Noram Lithium's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Noram Lithium's 3-Year ROIIC % falls into.
Noram Lithium's 3-Year ROIIC % for the quarter that ended in Jan. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -1.026 (Jan. 2026) - -3.946 (Jan. 2023) )
/
( 4.069 (Jan. 2026) - 1.066 (Jan. 2023) )
=
2.92
/
3.003
=
97.24%***
* 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.
Noram Lithium (NRVTF) has a 3-Year ROIIC % of 93.10 as of Jan. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Noram Lithium and its competitors. This is 414% above median its historical median of 18.11. According to the industry distribution chart, Noram Lithium ranks #287 out of 2302 companies in the Metals & Mining industry, placing it in the top 12.5%.
Is Noram Lithium's 3-Year ROIIC % too high?
Noram Lithium's current 3-Year ROIIC % of 93.10 is 414% above median its 10-year median of 18.11. Based on the distribution chart, Noram Lithium ranks #287 out of 2302 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Noram Lithium's 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, Noram Lithium ranks #287 out of 2302 companies for 3-Year ROIIC %. This places Noram Lithium in the top 13% of its industry — outperforming the majority of peers. 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 Noram Lithium and its competitors. Noram Lithium's current 3-Year ROIIC % is 93.10, which is 414% above median its own 10-year median of 18.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noram Lithium stock overvalued right now?
Noram Lithium (NRVTF) has a current 3-Year ROIIC % of 93.10. The current 3-Year ROIIC % is 93.10, which is 414% above median its 10-year median of 18.11. 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 Noram Lithium (NRVTF), the current 3-Year ROIIC % is 93.10 as of Jan. 2026. 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.
Noram Lithium Corp is a Canadian-based junior exploration and development company focused on advancing its Zeus Lithium Project (Zeus) to production in Nevada. The Company is engaged in acquiring, exploring, and developing mineral exploration properties, mainly in the state of Nevada, USA. The Company has property and equipment located in British Columbia, Canada, and mineral properties located in the state of Nevada, USA.
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