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Zen VoceROCO:3581 +0.88%54 3-Year ROIIC % is 9.36 as of Dec. 2025, which is 21% above its 10-year median of 7.75. GuruFocus rates ROCO:3581 with a GF Score™ of 54/100 and a GF Value™ of NT$45.55 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 995 Semiconductors companies, Zen Voce ranks better than 62.21% 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.
Zen Voce's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 9.36%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Zen Voce's 3-Year ROIIC % or its related term are showing as below:
ROCO:3581's 3-Year ROIIC % is ranked better than 62.21% of 995
companies
in the Semiconductors industry
Industry Median: -0.18
vs ROCO:3581: 9.36
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.
Zen Voce 3-Year ROIIC % Related Terms
Zen Voce 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Zen Voce'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:3581 vs NVDA, AVGO, MU: 3-Year ROIIC % Comparison
For the Semiconductors subindustry, Zen Voce'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.
Zen Voce 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Zen Voce's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Zen Voce's 3-Year ROIIC % falls into.
* 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.
Zen Voce (ROCO:3581) has a 3-Year ROIIC % of 9.36 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 Zen Voce and its competitors. This is 21% above median its historical median of 7.75. According to the industry distribution chart, Zen Voce ranks #376 out of 995 companies in the Semiconductors industry, placing it in the top 37.8%.
Is Zen Voce's 3-Year ROIIC % too high?
Zen Voce's current 3-Year ROIIC % of 9.36 is 21% above median its 10-year median of 7.75. Based on the distribution chart, Zen Voce ranks #376 out of 995 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Zen Voce has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zen Voce's 3-Year ROIIC % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Zen Voce ranks #376 out of 995 companies for 3-Year ROIIC %. This puts Zen Voce 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 Zen Voce and its competitors. Zen Voce's current 3-Year ROIIC % is 9.36, which is 21% above median its own 10-year median of 7.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Voce stock overvalued right now?
Based on GuruFocus' analysis, Zen Voce (ROCO:3581) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$45.55, compared to a current price of NT$115.00 — trading 152.5% above its estimated fair value. The current 3-Year ROIIC % is 9.36, which is 21% above median its 10-year median of 7.75. Zen Voce's overall GF Score™ is 54/100 with 2 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 Zen Voce (ROCO:3581), the current 3-Year ROIIC % is 9.36 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 Zen Voce (ROCO:3581) Overvalued in 2026?
Based on GuruFocus' analysis, Zen Voce stock appears to be overvalued.
The current stock price of NT$115.00 is trading 152.5% above its estimated GF Value™ of NT$45.55.
GuruFocus considers Zen Voce to be Significantly Overvalued.
Key valuation signals for ROCO:3581:
3-Year ROIIC %: 9.36 (21% above median its 10-year median of 7.75)
GF Value™: NT$45.55 vs. price of NT$115.00 (152.5% above fair value)
No single metric tells the full story. See the ROCO:3581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.
54GF Score
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