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Forge Auto InternationalNSE:FORGEAUTO +4.71%16 3-Year ROIIC % is 9.62 as of Mar. 2025, which is at its 10-year median of 9.62. GuruFocus rates NSE:FORGEAUTO with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 1,252 Vehicles & Parts companies, Forge Auto International ranks better than 59.82% 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.
Forge Auto International's 3-Year ROIIC % for the quarter that ended in Mar. 2025 was 9.62%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Forge Auto International's 3-Year ROIIC % or its related term are showing as below:
NSE:FORGEAUTO's 3-Year ROIIC % is ranked better than 59.82% of 1252
companies
in the Vehicles & Parts industry
Industry Median: 4.235
vs NSE:FORGEAUTO: 9.62
Forge Auto International (NSE:FORGEAUTO) 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.
Forge Auto International 3-Year ROIIC % Related Terms
Forge Auto International 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.
Forge Auto International 3-Year ROIIC % Chart
Forge Auto International Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
3-Year ROIIC %
0.00
0.00
0.00
9.62
Forge Auto International Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
3-Year ROIIC %
0.00
0.00
0.00
9.62
NSE:FORGEAUTO vs ORLY, AZO: 3-Year ROIIC % Comparison
For the Auto Parts subindustry, Forge Auto International'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.
Forge Auto International 3-Year ROIIC % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Forge Auto International's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Forge Auto International's 3-Year ROIIC % falls into.
Forge Auto International 3-Year ROIIC % Calculation
Forge Auto International's 3-Year ROIIC % for the quarter that ended in Mar. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 119.717748 (Mar. 2025) - 67.01705 (Mar. 2022) )
/
( 1014.122 (Mar. 2025) - 466.02 (Mar. 2022) )
=
52.700698
/
548.102
=
9.62%***
* 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.
Forge Auto International (NSE:FORGEAUTO) has a 3-Year ROIIC % of 9.62 as of Mar. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Forge Auto International and its competitors. This is near median its historical median of 9.62. Over the past decade, Forge Auto International's 3-Year ROIIC % has ranged from 9.62 to 9.62. According to the industry distribution chart, Forge Auto International ranks #503 out of 1252 companies in the Vehicles & Parts industry, placing it in the top 40.2%.
Is Forge Auto International's 3-Year ROIIC % too high?
Forge Auto International's current 3-Year ROIIC % of 9.62 is near median its 10-year median of 9.62. Over the past 10 years, this metric has ranged from a low of 9.62 to a high of 9.62. The Vehicles & Parts industry median 3-Year ROIIC % is 4.24. Forge Auto International's value of 9.62 is 127.2% above this industry median. Based on the distribution chart, Forge Auto International ranks #503 out of 1252 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Forge Auto International has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Forge Auto International's 3-Year ROIIC % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Forge Auto International ranks #503 out of 1252 companies for 3-Year ROIIC %. This puts Forge Auto International in the upper half of its industry. The industry median 3-Year ROIIC % is 4.24. Forge Auto International's value of 9.62 is 127.2% above this benchmark. Historically, Forge Auto International's own 3-Year ROIIC % has ranged from 9.62 to 9.62 over the past decade. While the company's 10-year median is 9.62 vs. the industry median of 4.24, Forge Auto International has consistently been above 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 Vehicles & Parts company?
The median 3-Year ROIIC % among Vehicles & Parts companies is 4.24, based on 1,252 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. Forge Auto International's current 3-Year ROIIC % of 9.62 is 127.2% above 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 Forge Auto International and its competitors. For the Vehicles & Parts industry, the median 3-Year ROIIC % is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forge Auto International's current 3-Year ROIIC % is 9.62, which is near median its own 10-year median of 9.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forge Auto International stock overvalued right now?
Forge Auto International (NSE:FORGEAUTO) has a current 3-Year ROIIC % of 9.62. The current 3-Year ROIIC % is 9.62, which is near median its 10-year median of 9.62 and 127.2% above the Vehicles & Parts industry median of 4.24. Forge Auto International's overall GF Score™ is 16/100 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 Forge Auto International (NSE:FORGEAUTO), the current 3-Year ROIIC % is 9.62 as of Mar. 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.
Forge Auto International Ltd is an engineering company engaged in forging and manufacturing of complex and safety-critical, forged and precision machined components such as big rings, small rings, big ball studs, gear blank with a broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools etc. It serves its customers comprising of domestic and global original equipment manufacturers (OEMs) engaged in manufacturing for both the automotive sector and other nonautomotive sector, used across industries by a diversified base of customers.
16GF Score
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