Pure CyclePCYO -0.02%74 3-Year ROIIC % is -5.05 as of Aug. 2025. GuruFocus rates PCYO with a GF Score™ of 74/100 and a GF Value™ of $14.13 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 476 Utilities - Regulated companies, Pure Cycle ranks worse than 75.42% 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.
Pure Cycle's 3-Year ROIIC % for the quarter that ended in Aug. 2025 was -5.05%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Pure Cycle's 3-Year ROIIC % or its related term are showing as below:
PCYO's 3-Year ROIIC % is ranked worse than 75.42% of 476
companies
in the Utilities - Regulated industry
Industry Median: 3.99
vs PCYO: -5.05
Pure Cycle (NAS:PCYO) 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.
Pure Cycle 3-Year ROIIC % Related Terms
Pure Cycle 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Pure Cycle'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.
PCYO vs CDZI, GWRS, ARTNA: 3-Year ROIIC % Comparison
For the Utilities - Regulated Water subindustry, Pure Cycle'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.
Pure Cycle 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pure Cycle's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Pure Cycle's 3-Year ROIIC % falls into.
Pure Cycle's 3-Year ROIIC % for the quarter that ended in Aug. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 5.755568 (Aug. 2025) - 7.6436816 (Aug. 2022) )
/
( 135.087 (Aug. 2025) - 97.699 (Aug. 2022) )
=
-1.8881136
/
37.388
=
-5.05%***
* 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.
Pure Cycle (PCYO) has a 3-Year ROIIC % of -5.05 as of Aug. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Pure Cycle and its competitors. According to the industry distribution chart, Pure Cycle ranks #359 out of 476 companies in the Utilities - Regulated industry, placing it in the top 75.4%.
Is Pure Cycle's 3-Year ROIIC % too high?
Pure Cycle's current 3-Year ROIIC % is -5.05. Based on the distribution chart, Pure Cycle ranks #359 out of 476 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Pure Cycle has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pure Cycle's 3-Year ROIIC % compare to CDZI and GWRS?
According to the Utilities - Regulated industry distribution chart, Pure Cycle ranks #359 out of 476 companies for 3-Year ROIIC %. This places Pure Cycle in the lower half of its industry. The industry median 3-Year ROIIC % is 3.99. 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 an Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 3.99, based on 476 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. 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 Pure Cycle and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pure Cycle's current 3-Year ROIIC % is -5.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pure Cycle stock overvalued right now?
Based on GuruFocus' analysis, Pure Cycle (PCYO) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.13, compared to a current price of $10.64 — trading 24.7% below its estimated fair value. The current 3-Year ROIIC % is -5.05. Pure Cycle's overall GF Score™ is 74/100 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 Pure Cycle (PCYO), the current 3-Year ROIIC % is -5.05 as of Aug. 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 Pure Cycle (PCYO) Overvalued in 2026?
Based on GuruFocus' analysis, Pure Cycle stock appears to be undervalued.
The current stock price of $10.64 is trading 24.7% below its estimated GF Value™ of $14.13.
GuruFocus considers Pure Cycle to be Modestly Undervalued.
Key valuation signals for PCYO:
3-Year ROIIC %: -5.05
GF Value™: $14.13 vs. price of $10.64 (24.7% below fair value)
No single metric tells the full story. See the PCYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pure Cycle Corp is a diversified land and water resource development company. The company designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in three business segments namely Water and wastewater resource development, Land development, and the Single-Family Rental Segment. It generates maximum revenue from the Land development segment. The land resource development segment includes all the activities necessary to develop and sell finished lots.
74GF Score
Get the complete analysis for PCYO
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
PCYO has been successfully added to your 
