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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.
Hoymiles Power Electronics's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -24.70%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hoymiles Power Electronics's 3-Year ROIIC % or its related term are showing as below:
SHSE:688032's 3-Year ROIIC % is ranked worse than 80.62% of 2926
companies
in the Industrial Products industry
Industry Median: 3.475
vs SHSE:688032: -24.70
Hoymiles Power Electronics (SHSE:688032) 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.
Hoymiles Power Electronics 3-Year ROIIC % Related Terms
Hoymiles Power Electronics 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.
For the Electrical Equipment & Parts subindustry, Hoymiles Power Electronics'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.
Hoymiles Power Electronics 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hoymiles Power Electronics's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hoymiles Power Electronics'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.
Hoymiles Power Electronics (SHSE:688032) has a 3-Year ROIIC % of -24.70 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 Hoymiles Power Electronics and its competitors. According to the industry distribution chart, Hoymiles Power Electronics ranks #2359 out of 2926 companies in the Industrial Products industry, placing it in the top 80.6%.
Is Hoymiles Power Electronics' 3-Year ROIIC % too high?
Hoymiles Power Electronics' current 3-Year ROIIC % is -24.70. Based on the distribution chart, Hoymiles Power Electronics ranks #2359 out of 2926 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Hoymiles Power Electronics has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoymiles Power Electronics' 3-Year ROIIC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hoymiles Power Electronics ranks #2359 out of 2926 companies for 3-Year ROIIC %. This places Hoymiles Power Electronics in the lower half of its industry. The industry median 3-Year ROIIC % is 3.48. 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 an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.48, based on 2,926 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. 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 Hoymiles Power Electronics and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoymiles Power Electronics's current 3-Year ROIIC % is -24.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoymiles Power Electronics stock overvalued right now?
Based on GuruFocus' analysis, Hoymiles Power Electronics (SHSE:688032) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥178.86, compared to a current price of ¥79.15 — trading 55.7% below its estimated fair value. The current 3-Year ROIIC % is -24.70. Hoymiles Power Electronics' overall GF Score™ is 81/100 with 5 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 Hoymiles Power Electronics (SHSE:688032), the current 3-Year ROIIC % is -24.70 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 Hoymiles Power Electronics (SHSE:688032) Overvalued in 2026?
Based on GuruFocus' analysis, Hoymiles Power Electronics stock appears to be undervalued.
The current stock price of ¥79.15 is trading 55.7% below its estimated GF Value™ of ¥178.86.
GuruFocus considers Hoymiles Power Electronics to be Significantly Undervalued.
Key valuation signals for SHSE:688032:
3-Year ROIIC %: -24.70
GF Value™: ¥178.86 vs. price of ¥79.15 (55.7% below fair value)
No single metric tells the full story. See the SHSE:688032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hoymiles Power Electronics Inc is engaged in the research and development, manufacturing, and sales of photovoltaic inverters and other power conversion equipment and electrical complete sets of equipment and related products.
81GF Score
Get the complete analysis for SHSE:688032
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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