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Kwang Ming Silk Mill CoROCO:4420 +0.42%62 3-Year ROIIC % is 3.18 as of Dec. 2025, which is 47% below its 10-year median of 6.03. GuruFocus rates ROCO:4420 with a GF Score™ of 62/100 and a GF Value™ of NT$71.16 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,010 Manufacturing - Apparel & Accessories companies, Kwang Ming Silk Mill Co ranks better than 53.76% 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.
Kwang Ming Silk Mill Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Kwang Ming Silk Mill Co's 3-Year ROIIC % or its related term are showing as below:
ROCO:4420's 3-Year ROIIC % is ranked better than 53.76% of 1010
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.54
vs ROCO:4420: 3.18
Kwang Ming Silk Mill Co (ROCO:4420) 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.
Kwang Ming Silk Mill Co 3-Year ROIIC % Related Terms
Kwang Ming Silk Mill Co 3-Year ROIIC % Historical Data
* 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.
Kwang Ming Silk Mill Co 3-Year ROIIC % Competitor Comparison
For the Textile Manufacturing subindustry, Kwang Ming Silk Mill Co'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.
Kwang Ming Silk Mill Co 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwang Ming Silk Mill Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Kwang Ming Silk Mill Co'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.
Kwang Ming Silk Mill Co (ROCO:4420) has a 3-Year ROIIC % of 3.18 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 Kwang Ming Silk Mill Co and its competitors. This is 47% below median its historical median of 6.03. According to the industry distribution chart, Kwang Ming Silk Mill Co ranks #467 out of 1010 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 46.2%.
Is Kwang Ming Silk Mill Co's 3-Year ROIIC % too high?
Kwang Ming Silk Mill Co's current 3-Year ROIIC % of 3.18 is 47% below median its 10-year median of 6.03. The Manufacturing - Apparel & Accessories industry median 3-Year ROIIC % is 1.54. Kwang Ming Silk Mill Co's value of 3.18 is 106.5% above this industry median. Based on the distribution chart, Kwang Ming Silk Mill Co ranks #467 out of 1010 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Kwang Ming Silk Mill Co has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwang Ming Silk Mill Co's 3-Year ROIIC % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kwang Ming Silk Mill Co ranks #467 out of 1010 companies for 3-Year ROIIC %. This puts Kwang Ming Silk Mill Co in the upper half of its industry. The industry median 3-Year ROIIC % is 1.54. Kwang Ming Silk Mill Co's value of 3.18 is 106.5% above this benchmark. While the company's 10-year median is 6.03 vs. the industry median of 1.54, Kwang Ming Silk Mill Co 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 1.54, based on 1,010 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. Kwang Ming Silk Mill Co's current 3-Year ROIIC % of 3.18 is 106.5% 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 Kwang Ming Silk Mill Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwang Ming Silk Mill Co's current 3-Year ROIIC % is 3.18, which is 47% below median its own 10-year median of 6.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwang Ming Silk Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co (ROCO:4420) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$71.16, compared to a current price of NT$35.60 — trading 50% below its estimated fair value. The current 3-Year ROIIC % is 3.18, which is 47% below median its 10-year median of 6.03 and 106.5% above the Manufacturing - Apparel & Accessories industry median of 1.54. Kwang Ming Silk Mill Co's overall GF Score™ is 62/100 with 3 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 Kwang Ming Silk Mill Co (ROCO:4420), the current 3-Year ROIIC % is 3.18 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 Kwang Ming Silk Mill Co (ROCO:4420) Overvalued in 2026?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co stock appears to be undervalued.
The current stock price of NT$35.60 is trading 50% below its estimated GF Value™ of NT$71.16.
GuruFocus considers Kwang Ming Silk Mill Co to be Significantly Undervalued.
Key valuation signals for ROCO:4420:
3-Year ROIIC %: 3.18 (47% below median its 10-year median of 6.03)
GF Value™: NT$71.16 vs. price of NT$35.60 (50% below fair value)
Industry Position: 106.5% above the Manufacturing - Apparel & Accessories median (#467 of 1010)
No single metric tells the full story. See the ROCO:4420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwang Ming Silk Mill Co Ltd is mainly engaged in the textile industry, including the manufacture of man-made fibers, dyeing and weaving of fabrics, and the purchase and sale of raw materials, supplies, and finished goods related to fabrics. The Company is also involved in real estate leasing, as well as industrial factory development and rental. It operates through two reportable segments: the Fiber segment, which generates the maximum revenue and is engaged in the manufacture and trading of textured yarn, and the Real Estate Development segment, which focuses on housing, commercial buildings, and factory development and rental.
62GF Score
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