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My Food Bag GroupNZSE:MFB 50 3-Year ROIIC % is 23.95 as of Mar. 2026, which is 76% below its 10-year median of 100.98. GuruFocus rates NZSE:MFB with a GF Score™ of 50/100 and a GF Value™ of NZ$0.21 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,060 Retail - Cyclical companies, My Food Bag Group ranks better than 75.94% 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.
My Food Bag Group's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 23.95%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for My Food Bag Group's 3-Year ROIIC % or its related term are showing as below:
NZSE:MFB's 3-Year ROIIC % is ranked better than 75.94% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 4.54
vs NZSE:MFB: 23.95
My Food Bag Group (NZSE:MFB) 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.
My Food Bag Group 3-Year ROIIC % Related Terms
My Food Bag Group 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for My Food Bag Group'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.
NZSE:MFB vs AMZN, BABA, PDD: 3-Year ROIIC % Comparison
For the Internet Retail subindustry, My Food Bag Group'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.
My Food Bag Group 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, My Food Bag Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where My Food Bag Group's 3-Year ROIIC % falls into.
My Food Bag Group's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 2.6791676 (Mar. 2026) - 4.7840604 (Mar. 2023) )
/
( 108.74 (Mar. 2026) - 117.53 (Mar. 2023) )
=
-2.1048928
/
-8.79
=
23.95%***
* 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.
My Food Bag Group (NZSE:MFB) has a 3-Year ROIIC % of 23.95 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on My Food Bag Group and its competitors. This is 76% below median its historical median of 100.98. Over the past decade, My Food Bag Group's 3-Year ROIIC % has ranged from 23.95 to 1,453.06. According to the industry distribution chart, My Food Bag Group ranks #255 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 24.1%.
Is My Food Bag Group's 3-Year ROIIC % too high?
My Food Bag Group's current 3-Year ROIIC % of 23.95 is 76% below median its 10-year median of 100.98. Over the past 10 years, this metric has ranged from a low of 23.95 to a high of 1,453.06. The Retail - Cyclical industry median 3-Year ROIIC % is 4.54. My Food Bag Group's value of 23.95 is 427.5% above this industry median. Based on the distribution chart, My Food Bag Group ranks #255 out of 1060 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, My Food Bag Group has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does My Food Bag Group's 3-Year ROIIC % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, My Food Bag Group ranks #255 out of 1060 companies for 3-Year ROIIC %. This places My Food Bag Group in the top 24% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.54. My Food Bag Group's value of 23.95 is 427.5% above this benchmark. Historically, My Food Bag Group's own 3-Year ROIIC % has ranged from 23.95 to 1,453.06 over the past decade. While the company's 10-year median is 100.98 vs. the industry median of 4.54, My Food Bag Group 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 Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.54, based on 1,060 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. My Food Bag Group's current 3-Year ROIIC % of 23.95 is 427.5% 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 My Food Bag Group and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. My Food Bag Group's current 3-Year ROIIC % is 23.95, which is 76% below median its own 10-year median of 100.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is My Food Bag Group stock overvalued right now?
Based on GuruFocus' analysis, My Food Bag Group (NZSE:MFB) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$0.21, compared to a current price of NZ$0.29 — trading 35.7% above its estimated fair value. The current 3-Year ROIIC % is 23.95, which is 76% below median its 10-year median of 100.98 and 427.5% above the Retail - Cyclical industry median of 4.54. My Food Bag Group's overall GF Score™ is 50/100 with 9 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 My Food Bag Group (NZSE:MFB), the current 3-Year ROIIC % is 23.95 as of Mar. 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.
Is My Food Bag Group (NZSE:MFB) Overvalued in 2026?
Based on GuruFocus' analysis, My Food Bag Group stock appears to be overvalued.
The current stock price of NZ$0.29 is trading 35.7% above its estimated GF Value™ of NZ$0.21.
GuruFocus considers My Food Bag Group to be Significantly Overvalued.
Key valuation signals for NZSE:MFB:
3-Year ROIIC %: 23.95 (76% below median its 10-year median of 100.98)
GF Value™: NZ$0.21 vs. price of NZ$0.29 (35.7% above fair value)
Industry Position: 427.5% above the Retail - Cyclical median (#255 of 1060)
No single metric tells the full story. See the NZSE:MFB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
My Food Bag Group Ltd operates in the online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue principally by the volume of bags delivered to customers and the average order value of bags delivered. The company operates in one geographic area, New Zealand.
50GF Score
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