Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
REC Silicon ASARNWEY -90.00% 3-Year ROIIC % is 11.21 as of Dec. 2025, which is 37267% above its 10-year median of 0.03. The stock has 7 warning signs investors should review. Among 996 Semiconductors companies, REC Silicon ASA ranks better than 63.76% 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.
REC Silicon ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 11.21%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for REC Silicon ASA's 3-Year ROIIC % or its related term are showing as below:
RNWEY's 3-Year ROIIC % is ranked better than 63.76% of 996
companies
in the Semiconductors industry
Industry Median: -0.145
vs RNWEY: 11.21
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.
REC Silicon ASA 3-Year ROIIC % Related Terms
REC Silicon ASA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for REC Silicon ASA'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.
RNWEY vs TRT, SODI, RBCN: 3-Year ROIIC % Comparison
For the Semiconductor Equipment & Materials subindustry, REC Silicon ASA'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.
REC Silicon ASA 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, REC Silicon ASA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where REC Silicon ASA's 3-Year ROIIC % falls into.
REC Silicon ASA'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**
=
( -32.2 (Dec. 2025) - -57.5 (Dec. 2022) )
/
( 587 (Dec. 2025) - 278 (Dec. 2022) )
=
25.3
/
309
=
8.19%***
* 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.
REC Silicon ASA (RNWEY) has a 3-Year ROIIC % of 11.21 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 REC Silicon ASA and its competitors. This is 37267% above median its historical median of 0.03. According to the industry distribution chart, REC Silicon ASA ranks #361 out of 996 companies in the Semiconductors industry, placing it in the top 36.2%.
Is REC Silicon ASA's 3-Year ROIIC % too high?
REC Silicon ASA's current 3-Year ROIIC % of 11.21 is 37267% above median its 10-year median of 0.03. Based on the distribution chart, REC Silicon ASA ranks #361 out of 996 companies in the Semiconductors industry, which is above the industry midpoint.
How does REC Silicon ASA's 3-Year ROIIC % compare to TRT and SODI?
According to the Semiconductors industry distribution chart, REC Silicon ASA ranks #361 out of 996 companies for 3-Year ROIIC %. This puts REC Silicon ASA in the upper half of its industry. 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 Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors 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 REC Silicon ASA and its competitors. REC Silicon ASA's current 3-Year ROIIC % is 11.21, which is 37267% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is REC Silicon ASA stock overvalued right now?
Based on GuruFocus' analysis, REC Silicon ASA (RNWEY) is currently considered Possible Value Trap. The stock's GF Value™ is $0.05, compared to a current price of $0.00 — trading 98% below its estimated fair value. The current 3-Year ROIIC % is 11.21, which is 37267% above median its 10-year median of 0.03. 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 REC Silicon ASA (RNWEY), the current 3-Year ROIIC % is 11.21 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.
REC Silicon ASA is a producer of silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries. The product offered by the group includes Solar grade polysilicon, Electronic grade polysilicon, and Silicon gases. It operates in two segments, namely Solar Materials and Semiconductor Materials. The majority of the firm's revenue is generated through the Semiconductor Materials segment. The company operates geographically in the USA, Korea, China, Taiwan, Japan, France, Singapore, Denmark, Malaysia, Belgium, Ireland, India, Israel, Vietnam, Norway,and Other North American countries, with majority of revenue from the USA.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
RNWEY has been successfully added to your 
