RAC Electric Vehicles (ROCO:2237) 3-Year ROIIC % : 28.79% (As of Dec. 2025)

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ROCO:2237 RAC Electric Vehicles Inc ROCO:2237
54 GF Score
Price NT$31.60
GF Value NT$39.79
Valuation Modestly Undervalued
! 5 Warning Signs
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What is RAC Electric Vehicles 3-Year ROIIC %?

RAC Electric Vehicles ROCO:2237 -2.77% 54 3-Year ROIIC % is 28.79 as of Dec. 2025. GuruFocus rates ROCO:2237 with a GF Score™ of 54/100 and a GF Value™ of NT$39.79 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,252 Vehicles & Parts companies, RAC Electric Vehicles ranks better than 79.39% 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. RAC Electric Vehicles's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 28.79%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for RAC Electric Vehicles's 3-Year ROIIC % or its related term are showing as below:

ROCO:2237's 3-Year ROIIC % is ranked better than
79.39% of 1252 companies
in the Vehicles & Parts industry
Industry Median: 4.235 vs ROCO:2237: 28.79

RAC Electric Vehicles  (ROCO:2237) 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.


RAC Electric Vehicles 3-Year ROIIC % Related Terms


RAC Electric Vehicles 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for RAC Electric Vehicles'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.

RAC Electric Vehicles 3-Year ROIIC % Chart

RAC Electric Vehicles Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.11 -3.81 0.84 1.93 28.79

RAC Electric Vehicles Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.84 0.00 1.93 0.00 28.79

ROCO:2237 vs TSLA, GM, F: 3-Year ROIIC % Comparison

For the Auto Manufacturers subindustry, RAC Electric Vehicles'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.


RAC Electric Vehicles 3-Year ROIIC % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, RAC Electric Vehicles's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where RAC Electric Vehicles's 3-Year ROIIC % falls into.


ROCO:2237
54GF Score
RAC Electric Vehicles Inc ROCO:2237
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RAC Electric Vehicles 3-Year ROIIC % Calculation

RAC Electric Vehicles'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**
=( 166.399 (Dec. 2025) - -173.5543386 (Dec. 2022) )/( 2689.802 (Dec. 2025) - 1508.913 (Dec. 2022) )
=339.9533386/1180.889
=28.79%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 28.79 mean?
RAC Electric Vehicles (ROCO:2237) has a 3-Year ROIIC % of 28.79 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 RAC Electric Vehicles and its competitors. According to the industry distribution chart, RAC Electric Vehicles ranks #258 out of 1252 companies in the Vehicles & Parts industry, placing it in the top 20.6%.
Is RAC Electric Vehicles' 3-Year ROIIC % too high?
RAC Electric Vehicles' current 3-Year ROIIC % is 28.79. The Vehicles & Parts industry median 3-Year ROIIC % is 4.24. RAC Electric Vehicles' value of 28.79 is 579.8% above this industry median. Based on the distribution chart, RAC Electric Vehicles ranks #258 out of 1252 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, RAC Electric Vehicles has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RAC Electric Vehicles' 3-Year ROIIC % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, RAC Electric Vehicles ranks #258 out of 1252 companies for 3-Year ROIIC %. This places RAC Electric Vehicles in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.24. RAC Electric Vehicles' value of 28.79 is 579.8% 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 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. RAC Electric Vehicles's current 3-Year ROIIC % of 28.79 is 579.8% 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 RAC Electric Vehicles 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. RAC Electric Vehicles's current 3-Year ROIIC % is 28.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAC Electric Vehicles stock overvalued right now?
Based on GuruFocus' analysis, RAC Electric Vehicles (ROCO:2237) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$39.79, compared to a current price of NT$31.60 — trading 20.6% below its estimated fair value. The current 3-Year ROIIC % is 28.79 and 579.8% above the Vehicles & Parts industry median of 4.24. RAC Electric Vehicles' overall GF Score™ is 54/100 with 5 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 RAC Electric Vehicles (ROCO:2237), the current 3-Year ROIIC % is 28.79 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 RAC Electric Vehicles (ROCO:2237) Overvalued in 2026?

Based on GuruFocus' analysis, RAC Electric Vehicles stock appears to be undervalued. The current stock price of NT$31.60 is trading 20.6% below its estimated GF Value™ of NT$39.79. GuruFocus considers RAC Electric Vehicles to be Modestly Undervalued.

Key valuation signals for ROCO:2237:

  • 3-Year ROIIC %: 28.79
  • GF Value™: NT$39.79 vs. price of NT$31.60 (20.6% below fair value)
  • GF Score™: 54/100 with 5 warning signs
  • Industry Position: 579.8% above the Vehicles & Parts median (#258 of 1252)

No single metric tells the full story. See the ROCO:2237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RAC Electric Vehicles Business Description

Address No. 33, Lane 291, Wuqing Road, Dayuan District, Taoyuan, TWN
RAC Electric Vehicles Inc is a Taiwan-licensed car manufacturer, to develop an all-electric low-floor city bus. The comapny's main businesses include battery manufacturing, battery wholesale, manufacturing of automotive and parts, and the retail of auto and motorcycle parts and accessories.
54GF Score

Get the complete analysis for ROCO:2237

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$31.60
Price
NT$39.79
GF Value