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Munsin GarmentROCO:2916 +1.00%79 3-Year ROIIC % is 8.25 as of Dec. 2025, which is 77% below its 10-year median of 35.75. GuruFocus rates ROCO:2916 with a GF Score™ of 79/100 and a GF Value™ of NT$47.16 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, Munsin Garment ranks better than 62.69% 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.
Munsin Garment's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 8.25%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Munsin Garment's 3-Year ROIIC % or its related term are showing as below:
ROCO:2916's 3-Year ROIIC % is ranked better than 62.69% of 1013
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.53
vs ROCO:2916: 8.25
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.
Munsin Garment 3-Year ROIIC % Related Terms
Munsin Garment 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Munsin Garment'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.
ROCO:2916 vs RL, LEVI, VFC: 3-Year ROIIC % Comparison
For the Apparel Manufacturing subindustry, Munsin Garment'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.
Munsin Garment 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Munsin Garment's 3-Year ROIIC % falls into.
Munsin Garment'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**
=
( 222.5912 (Dec. 2025) - 167.83604 (Dec. 2022) )
/
( 1743.489 (Dec. 2025) - 1080.051 (Dec. 2022) )
=
54.75516
/
663.438
=
8.25%***
* 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.
Munsin Garment (ROCO:2916) has a 3-Year ROIIC % of 8.25 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 Munsin Garment and its competitors. This is 77% below median its historical median of 35.75. According to the industry distribution chart, Munsin Garment ranks #378 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 37.3%.
Is Munsin Garment's 3-Year ROIIC % too high?
Munsin Garment's current 3-Year ROIIC % of 8.25 is 77% below median its 10-year median of 35.75. The Manufacturing - Apparel & Accessories industry median 3-Year ROIIC % is 1.53. Munsin Garment's value of 8.25 is 439.2% above this industry median. Based on the distribution chart, Munsin Garment ranks #378 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Munsin Garment has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's 3-Year ROIIC % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Munsin Garment ranks #378 out of 1013 companies for 3-Year ROIIC %. This puts Munsin Garment in the upper half of its industry. The industry median 3-Year ROIIC % is 1.53. Munsin Garment's value of 8.25 is 439.2% above this benchmark. While the company's 10-year median is 35.75 vs. the industry median of 1.53, Munsin Garment 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 Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.53, based on 1,013 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. Munsin Garment's current 3-Year ROIIC % of 8.25 is 439.2% 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 Munsin Garment and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munsin Garment's current 3-Year ROIIC % is 8.25, which is 77% below median its own 10-year median of 35.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$47.16, compared to a current price of NT$40.50 — trading 14.1% below its estimated fair value. The current 3-Year ROIIC % is 8.25, which is 77% below median its 10-year median of 35.75 and 439.2% above the Manufacturing - Apparel & Accessories industry median of 1.53. Munsin Garment's overall GF Score™ is 79/100 with 4 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 Munsin Garment (ROCO:2916), the current 3-Year ROIIC % is 8.25 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 Munsin Garment (ROCO:2916) Overvalued in 2026?
Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued.
The current stock price of NT$40.50 is trading 14.1% below its estimated GF Value™ of NT$47.16.
GuruFocus considers Munsin Garment to be Modestly Undervalued.
Key valuation signals for ROCO:2916:
3-Year ROIIC %: 8.25 (77% below median its 10-year median of 35.75)
GF Value™: NT$47.16 vs. price of NT$40.50 (14.1% below fair value)
Industry Position: 439.2% above the Manufacturing - Apparel & Accessories median (#378 of 1013)
No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
79GF Score
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