Array (ROCO:3664) 3-Year ROIIC % : 10.70% (As of Dec. 2025) — 74% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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.

ROCO:3664 Array Inc ROCO:3664
40 GF Score
Price NT$6.10
GF Value NT$16.31
Valuation Possible Value Trap
! 8 Warning Signs
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What is Array 3-Year ROIIC %?

Array ROCO:3664 40 3-Year ROIIC % is 10.70 as of Dec. 2025, which is 74% below its 10-year median of 41.18. GuruFocus rates ROCO:3664 with a GF Score™ of 40/100 and a GF Value™ of NT$16.31 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,370 Hardware companies, Array ranks better than 61.94% 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. Array's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 10.70%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

ROCO:3664's 3-Year ROIIC % is ranked better than
61.94% of 2370 companies
in the Hardware industry
Industry Median: 2.375 vs ROCO:3664: 10.70

Array  (ROCO:3664) 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.


Array 3-Year ROIIC % Related Terms


Array 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Array'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.

Array 3-Year ROIIC % Chart

Array 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 25.52 82.36 0.00 0.00 10.70

Array Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 10.70 0.00

ROCO:3664 vs CSCO, MSI, HPE: 3-Year ROIIC % Comparison

For the Communication Equipment subindustry, Array'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.


Array 3-Year ROIIC % vs Hardware Industry

For the Hardware industry and Technology sector, Array's 3-Year ROIIC % distribution charts can be found below:

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


ROCO:3664
40GF Score
Array Inc ROCO:3664
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Array 3-Year ROIIC % Calculation

Array'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**
=( -183.815 (Dec. 2025) - -179.7547219 (Dec. 2022) )/( 424.411 (Dec. 2025) - 462.342 (Dec. 2022) )
=-4.0602781/-37.931
=10.70%***

* 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 10.70 mean?
Array (ROCO:3664) has a 3-Year ROIIC % of 10.70 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 Array and its competitors. This is 74% below median its historical median of 41.18. According to the industry distribution chart, Array ranks #902 out of 2370 companies in the Hardware industry, placing it in the top 38.1%.
Is Array's 3-Year ROIIC % too high?
Array's current 3-Year ROIIC % of 10.70 is 74% below median its 10-year median of 41.18. The Hardware industry median 3-Year ROIIC % is 2.38. Array's value of 10.70 is 350.5% above this industry median. Based on the distribution chart, Array ranks #902 out of 2370 companies in the Hardware industry, which is above the industry midpoint. Overall, Array has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array's 3-Year ROIIC % compare to CSCO and MSI?
According to the Hardware industry distribution chart, Array ranks #902 out of 2370 companies for 3-Year ROIIC %. This puts Array in the upper half of its industry. The industry median 3-Year ROIIC % is 2.38. Array's value of 10.70 is 350.5% above this benchmark. While the company's 10-year median is 41.18 vs. the industry median of 2.38, Array 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.38, based on 2,370 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. Array's current 3-Year ROIIC % of 10.70 is 350.5% 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 Array and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Array's current 3-Year ROIIC % is 10.70, which is 74% below median its own 10-year median of 41.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array stock overvalued right now?
Based on GuruFocus' analysis, Array (ROCO:3664) is currently considered Possible Value Trap. The stock's GF Value™ is NT$16.31, compared to a current price of NT$6.10 — trading 62.6% below its estimated fair value. The current 3-Year ROIIC % is 10.70, which is 74% below median its 10-year median of 41.18 and 350.5% above the Hardware industry median of 2.38. Array's overall GF Score™ is 40/100 with 8 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 Array (ROCO:3664), the current 3-Year ROIIC % is 10.70 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 Array (ROCO:3664) Overvalued in 2026?

Based on GuruFocus' analysis, Array stock appears to be undervalued. The current stock price of NT$6.10 is trading 62.6% below its estimated GF Value™ of NT$16.31. GuruFocus considers Array to be Possible Value Trap.

Key valuation signals for ROCO:3664:

  • 3-Year ROIIC %: 10.70 (74% below median its 10-year median of 41.18)
  • GF Value™: NT$16.31 vs. price of NT$6.10 (62.6% below fair value)
  • GF Score™: 40/100 with 8 warning signs
  • Industry Position: 350.5% above the Hardware median (#902 of 2370)

No single metric tells the full story. See the ROCO:3664 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Array Business Description

Address 1371 McCarthy Boulverad, Milpitas, CA, USA, 95035
Array Inc and its subsidiaries are engaged in the research and development, manufacturing and sales of network function platform products, network connectivity security systems and network traffic acceleration equipment. The Group provides network function platform solutions, application delivery controllers, virtual private networks, remote desktop connection solutions and application accelerators, along with related after-sales support and services. Its products include cybersecurity solutions such as Web App Firewall & DDoS Protection, SSL Intercept and Deep-AI Data Loss Prevention, and data center solutions such as Load Balancing & App Delivery, Network Traffic Broker and Network Functions Virtualization.
40GF Score

Get the complete analysis for ROCO:3664

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

NT$6.10
Price
NT$16.31
GF Value