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Vate TechnologyROCO:5344 +0.35%65 3-Year ROIIC % is 57.71 as of Dec. 2025, which is 58% above its 10-year median of 36.59. GuruFocus rates ROCO:5344 with a GF Score™ of 65/100 and a GF Value™ of NT$18.83 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 995 Semiconductors companies, Vate Technology ranks better than 83.42% 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.
Vate Technology's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 57.71%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Vate Technology's 3-Year ROIIC % or its related term are showing as below:
ROCO:5344's 3-Year ROIIC % is ranked better than 83.42% of 995
companies
in the Semiconductors industry
Industry Median: -0.18
vs ROCO:5344: 57.71
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.
Vate Technology 3-Year ROIIC % Related Terms
Vate Technology 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Vate Technology'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:5344 vs NVDA, AVGO, MU: 3-Year ROIIC % Comparison
For the Semiconductors subindustry, Vate Technology'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.
Vate Technology 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Vate Technology's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Vate Technology's 3-Year ROIIC % falls into.
Vate Technology'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**
=
( -38.30055 (Dec. 2025) - -33.295 (Dec. 2022) )
/
( 381.534 (Dec. 2025) - 390.208 (Dec. 2022) )
=
-5.00555
/
-8.6739999999999
=
57.71%***
* 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.
Vate Technology (ROCO:5344) has a 3-Year ROIIC % of 57.71 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 Vate Technology and its competitors. This is 58% above median its historical median of 36.59. According to the industry distribution chart, Vate Technology ranks #165 out of 995 companies in the Semiconductors industry, placing it in the top 16.6%.
Is Vate Technology's 3-Year ROIIC % too high?
Vate Technology's current 3-Year ROIIC % of 57.71 is 58% above median its 10-year median of 36.59. Based on the distribution chart, Vate Technology ranks #165 out of 995 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Vate Technology has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vate Technology's 3-Year ROIIC % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Vate Technology ranks #165 out of 995 companies for 3-Year ROIIC %. This places Vate Technology in the top 17% of its industry — outperforming the majority of peers. 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 Vate Technology and its competitors. Vate Technology's current 3-Year ROIIC % is 57.71, which is 58% above median its own 10-year median of 36.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vate Technology stock overvalued right now?
Based on GuruFocus' analysis, Vate Technology (ROCO:5344) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$18.83, compared to a current price of NT$14.35 — trading 23.8% below its estimated fair value. The current 3-Year ROIIC % is 57.71, which is 58% above median its 10-year median of 36.59. Vate Technology's overall GF Score™ is 65/100 with 1 warning sign 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 Vate Technology (ROCO:5344), the current 3-Year ROIIC % is 57.71 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 Vate Technology (ROCO:5344) Overvalued in 2026?
Based on GuruFocus' analysis, Vate Technology stock appears to be undervalued.
The current stock price of NT$14.35 is trading 23.8% below its estimated GF Value™ of NT$18.83.
GuruFocus considers Vate Technology to be Modestly Undervalued.
Key valuation signals for ROCO:5344:
3-Year ROIIC %: 57.71 (58% above median its 10-year median of 36.59)
GF Value™: NT$18.83 vs. price of NT$14.35 (23.8% below fair value)
No single metric tells the full story. See the ROCO:5344 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vate Technology Corp Ltd is engaged in providing integrated circuit chip testing services and the trading of lighting equipment and fixtures. The company's services include CP testing service, FT Testing Service, SLT Testing Service, CIS Testing Service, and Back End Service. It operates in single segment of testing and processing of electronic components and the sales of lighting fixtures, using testing equipment to provide IC and wafer testing services and LED lighting fixture sales and installation services. Geographically it operates in Taiwan.
65GF Score
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