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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.
Rigetti Computing's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 12.40%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Rigetti Computing's 3-Year ROIIC % or its related term are showing as below:
RGTI's 3-Year ROIIC % is ranked better than 63.67% of 2373
companies
in the Hardware industry
Industry Median: 2.33
vs RGTI: 12.40
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.
Rigetti Computing 3-Year ROIIC % Related Terms
Rigetti Computing 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Rigetti Computing'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.
RGTI vs QBTS, QUBT, BRAI: 3-Year ROIIC % Comparison
For the Computer Hardware subindustry, Rigetti Computing'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.
Rigetti Computing 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Rigetti Computing's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Rigetti Computing's 3-Year ROIIC % falls into.
Rigetti Computing's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -84.66 (Dec. 2025) - -103.703 (Dec. 2022) )
/
( 215.446 (Dec. 2025) - 61.867 (Dec. 2022) )
=
19.043
/
153.579
=
12.40%***
* 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.
Rigetti Computing (RGTI) has a 3-Year ROIIC % of 12.40 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Rigetti Computing and its competitors. According to the industry distribution chart, Rigetti Computing ranks #862 out of 2373 companies in the Hardware industry, placing it in the top 36.3%.
Is Rigetti Computing's 3-Year ROIIC % too high?
Rigetti Computing's current 3-Year ROIIC % is 12.40. The Hardware industry median 3-Year ROIIC % is 2.33. Rigetti Computing's value of 12.40 is 432.2% above this industry median. Based on the distribution chart, Rigetti Computing ranks #862 out of 2373 companies in the Hardware industry, which is above the industry midpoint. Overall, Rigetti Computing has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rigetti Computing's 3-Year ROIIC % compare to QBTS and QUBT?
According to the Hardware industry distribution chart, Rigetti Computing ranks #862 out of 2373 companies for 3-Year ROIIC %. This puts Rigetti Computing in the upper half of its industry. The industry median 3-Year ROIIC % is 2.33. Rigetti Computing's value of 12.40 is 432.2% above this benchmark. 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.33, based on 2,373 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. Rigetti Computing's current 3-Year ROIIC % of 12.40 is 432.2% 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 Rigetti Computing and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rigetti Computing's current 3-Year ROIIC % is 12.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rigetti Computing stock overvalued right now?
Based on GuruFocus' analysis, Rigetti Computing (RGTI) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.09, compared to a current price of $15.23 — trading 1297.2% above its estimated fair value. The current 3-Year ROIIC % is 12.40 and 432.2% above the Hardware industry median of 2.33. Rigetti Computing's overall GF Score™ is 66/100 with 7 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 Rigetti Computing (RGTI), the current 3-Year ROIIC % is 12.40 as of Dec. 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 Rigetti Computing (RGTI) Overvalued in 2026?
Based on GuruFocus' analysis, Rigetti Computing stock appears to be overvalued.
The current stock price of $15.23 is trading 1297.2% above its estimated GF Value™ of $1.09.
GuruFocus considers Rigetti Computing to be Significantly Overvalued.
Key valuation signals for RGTI:
3-Year ROIIC %: 12.40
GF Value™: $1.09 vs. price of $15.23 (1297.2% above fair value)
Industry Position: 432.2% above the Hardware median (#862 of 2373)
No single metric tells the full story. See the RGTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rigetti Computing Inc builds quantum computers and the superconducting quantum processors that power them. The Company sells 9-qubit to 108-qubit quantum computing systems under the Novera and Cepheus trade names. Through the Rigetti Quantum Cloud Services (QCS) platform, the Company's machines can be integrated into any public, private or hybrid cloud. The Company also operates in Fremont, California; London, United Kingdom; Adelaide, Australia; British Columbia, Canada and Mumbai, India. The Company's revenue is derived from operations in the United States and the United Kingdom.
66GF Score
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