Sight SciencesSGHT -2.73%72 3-Year ROIIC % is 21,894.86 as of Dec. 2025. GuruFocus rates SGHT with a GF Score™ of 72/100 and a GF Value™ of $4.50 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 799 Medical Devices & Instruments companies, Sight Sciences ranks better than 99.87% 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.
Sight Sciences's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 21,894.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Sight Sciences's 3-Year ROIIC % or its related term are showing as below:
SGHT's 3-Year ROIIC % is ranked better than 99.87% of 799
companies
in the Medical Devices & Instruments industry
Industry Median: 1.67
vs SGHT: 21894.86
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.
Sight Sciences 3-Year ROIIC % Related Terms
Sight Sciences 3-Year ROIIC % Historical Data
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The historical data trend for Sight Sciences'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.
SGHT vs SENS, LAB, TMCI: 3-Year ROIIC % Comparison
For the Medical Devices subindustry, Sight Sciences'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.
Sight Sciences 3-Year ROIIC % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Sight Sciences's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Sight Sciences's 3-Year ROIIC % falls into.
Sight Sciences'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**
=
( -37.099 (Dec. 2025) - -83.954 (Dec. 2022) )
/
( 18.857 (Dec. 2025) - 18.643 (Dec. 2022) )
=
46.855
/
0.214
=
21,894.86%***
* 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.
Sight Sciences (SGHT) has a 3-Year ROIIC % of 21,894.86 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 Sight Sciences and its competitors. According to the industry distribution chart, Sight Sciences ranks #1 out of 799 companies in the Medical Devices & Instruments industry, placing it in the top 0.099999999999994%.
Is Sight Sciences' 3-Year ROIIC % too high?
Sight Sciences' current 3-Year ROIIC % is 21,894.86. The Medical Devices & Instruments industry median 3-Year ROIIC % is 1.67. Sight Sciences' value of 21,894.86 is 1310969.5% above this industry median. Based on the distribution chart, Sight Sciences ranks #1 out of 799 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Sight Sciences has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sight Sciences' 3-Year ROIIC % compare to SENS and LAB?
According to the Medical Devices & Instruments industry distribution chart, Sight Sciences ranks #1 out of 799 companies for 3-Year ROIIC %. This places Sight Sciences in the top 0% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.67. Sight Sciences' value of 21,894.86 is 1310969.5% above this benchmark. 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 Medical Devices & Instruments company?
The median 3-Year ROIIC % among Medical Devices & Instruments companies is 1.67, based on 799 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. Sight Sciences's current 3-Year ROIIC % of 21,894.86 is 1310969.5% 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 Sight Sciences and its competitors. For the Medical Devices & Instruments industry, the median 3-Year ROIIC % is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sight Sciences's current 3-Year ROIIC % is 21,894.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sight Sciences stock overvalued right now?
Based on GuruFocus' analysis, Sight Sciences (SGHT) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.50, compared to a current price of $5.35 — trading 18.9% above its estimated fair value. The current 3-Year ROIIC % is 21,894.86 and 1310969.5% above the Medical Devices & Instruments industry median of 1.67. Sight Sciences' overall GF Score™ is 72/100 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 Sight Sciences (SGHT), the current 3-Year ROIIC % is 21,894.86 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 Sight Sciences (SGHT) Overvalued in 2026?
Based on GuruFocus' analysis, Sight Sciences stock appears to be overvalued.
The current stock price of $5.35 is trading 18.9% above its estimated GF Value™ of $4.50.
GuruFocus considers Sight Sciences to be Modestly Overvalued.
Key valuation signals for SGHT:
3-Year ROIIC %: 21,894.86
GF Value™: $4.50 vs. price of $5.35 (18.9% above fair value)
Industry Position: 1310969.5% above the Medical Devices & Instruments median (#1 of 799)
No single metric tells the full story. See the SGHT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sight Sciences Inc is an ophthalmic medical device company focused on the development and commercialization of surgical and nonsurgical technologies for the treatment of prevalent eye diseases. The company operates through two segments: Interventional Glaucoma, which generates the majority of revenue and includes the OMNI Surgical System family of products and the SION Surgical Instrument used in minimally invasive glaucoma surgery to reduce intraocular pressure in adult patients with open-angle glaucoma; and Interventional Dry Eye, which includes the TearCare System, an interventional device designed to melt and facilitate the removal of meibomian gland obstructions and restore gland functionality in adult patients with evaporative dry eye disease.
72GF Score
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