Progate Group (ROCO:8227) 3-Year ROIIC % : -4.36% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:8227 Progate Group Corp ROCO:8227
80 GF Score
Price NT$157.50
GF Value NT$298.88
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Progate Group 3-Year ROIIC %?

Progate Group ROCO:8227 -0.94% 80 3-Year ROIIC % is -4.36 as of Dec. 2025. GuruFocus rates ROCO:8227 with a GF Score™ of 80/100 and a GF Value™ of NT$298.88 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 995 Semiconductors companies, Progate Group ranks worse than 56.88% 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. Progate Group's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -4.36%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

ROCO:8227's 3-Year ROIIC % is ranked worse than
56.88% of 995 companies
in the Semiconductors industry
Industry Median: -0.18 vs ROCO:8227: -4.36

Progate Group  (ROCO:8227) 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.


Progate Group 3-Year ROIIC % Related Terms


Progate Group 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Progate Group'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.

Progate Group 3-Year ROIIC % Chart

Progate Group Annual Data
Trend Dec11 Dec12 Dec13 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 60.71 181.94 -16.04 -4.36

Progate Group 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 -4.36 0.00

ROCO:8227 vs NVDA, AVGO, MU: 3-Year ROIIC % Comparison

For the Semiconductors subindustry, Progate Group'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.


Progate Group 3-Year ROIIC % vs Semiconductors Industry

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

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


ROCO:8227
80GF Score
Progate Group Corp ROCO:8227
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Progate Group 3-Year ROIIC % Calculation

Progate Group'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**
=( 76.0669729 (Dec. 2025) - 92.5166016 (Dec. 2022) )/( 676.774 (Dec. 2025) - 299.295 (Dec. 2022) )
=-16.4496287/377.479
=-4.36%***

* 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 -4.36 mean?
Progate Group (ROCO:8227) has a 3-Year ROIIC % of -4.36 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 Progate Group and its competitors. According to the industry distribution chart, Progate Group ranks #566 out of 995 companies in the Semiconductors industry, placing it in the top 56.9%.
Is Progate Group's 3-Year ROIIC % too high?
Progate Group's current 3-Year ROIIC % is -4.36. Based on the distribution chart, Progate Group ranks #566 out of 995 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Progate Group has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Progate Group's 3-Year ROIIC % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Progate Group ranks #566 out of 995 companies for 3-Year ROIIC %. This places Progate Group in the lower 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 Progate Group and its competitors. Progate Group's current 3-Year ROIIC % is -4.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progate Group stock overvalued right now?
Based on GuruFocus' analysis, Progate Group (ROCO:8227) is currently considered Possible Value Trap. The stock's GF Value™ is NT$298.88, compared to a current price of NT$157.50 — trading 47.3% below its estimated fair value. The current 3-Year ROIIC % is -4.36. Progate Group's overall GF Score™ is 80/100 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 Progate Group (ROCO:8227), the current 3-Year ROIIC % is -4.36 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 Progate Group (ROCO:8227) Overvalued in 2026?

Based on GuruFocus' analysis, Progate Group stock appears to be undervalued. The current stock price of NT$157.50 is trading 47.3% below its estimated GF Value™ of NT$298.88. GuruFocus considers Progate Group to be Possible Value Trap.

Key valuation signals for ROCO:8227:

  • 3-Year ROIIC %: -4.36
  • GF Value™: NT$298.88 vs. price of NT$157.50 (47.3% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the ROCO:8227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Progate Group Business Description

Address No.88, Section 1, Neihu Road, 8th Floor, Neihu District, Taipei, TWN, 114
Progate Group Corp is engaged in the development and product design of integrated circuits, the sale and trade of intellectual property, electronic materials, and information software, as well as the wholesale, agency, and import/export trade of related products. Geographically the company operates in Taiwan and China, with majority of the revenue generating from Taiwan.
80GF Score

Get the complete analysis for ROCO:8227

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

NT$157.50
Price
NT$298.88
GF Value