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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.
Shanghai V-Test Semiconductor Tech Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.35%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Shanghai V-Test Semiconductor Tech Co (SHSE:688372) 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.
Shanghai V-Test Semiconductor Tech Co 3-Year ROIIC % Related Terms
Shanghai V-Test Semiconductor Tech 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.
Shanghai V-Test Semiconductor Tech Co 3-Year ROIIC % Chart
SHSE:688372 vs NVDA, AVGO, MU: 3-Year ROIIC % Comparison
For the Semiconductors subindustry, Shanghai V-Test Semiconductor Tech 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.
Shanghai V-Test Semiconductor Tech Co 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Shanghai V-Test Semiconductor Tech Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Shanghai V-Test Semiconductor Tech 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.
Shanghai V-Test Semiconductor Tech Co (SHSE:688372) has a 3-Year ROIIC % of 1.35 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 Shanghai V-Test Semiconductor Tech Co and its competitors. This is 61% below median its historical median of 3.46. Over the past decade, Shanghai V-Test Semiconductor Tech Co's 3-Year ROIIC % has ranged from 0.39 to 15.51. According to the industry distribution chart, Shanghai V-Test Semiconductor Tech Co ranks #470 out of 995 companies in the Semiconductors industry, placing it in the top 47.2%.
Is Shanghai V-Test Semiconductor Tech Co's 3-Year ROIIC % too high?
Shanghai V-Test Semiconductor Tech Co's current 3-Year ROIIC % of 1.35 is 61% below median its 10-year median of 3.46. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 15.51. Based on the distribution chart, Shanghai V-Test Semiconductor Tech Co ranks #470 out of 995 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Shanghai V-Test Semiconductor Tech Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai V-Test Semiconductor Tech Co's 3-Year ROIIC % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shanghai V-Test Semiconductor Tech Co ranks #470 out of 995 companies for 3-Year ROIIC %. This puts Shanghai V-Test Semiconductor Tech Co in the upper half of its industry. Historically, Shanghai V-Test Semiconductor Tech Co's own 3-Year ROIIC % has ranged from 0.39 to 15.51 over the past decade. 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 Shanghai V-Test Semiconductor Tech Co and its competitors. Shanghai V-Test Semiconductor Tech Co's current 3-Year ROIIC % is 1.35, which is 61% below median its own 10-year median of 3.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai V-Test Semiconductor Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai V-Test Semiconductor Tech Co (SHSE:688372) is currently considered Fairly Valued. The stock's GF Value™ is ¥106.26, compared to a current price of ¥111.88 — trading 5.3% above its estimated fair value. The current 3-Year ROIIC % is 1.35, which is 61% below median its 10-year median of 3.46. Shanghai V-Test Semiconductor Tech Co's overall GF Score™ is 79/100 with 10 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 Shanghai V-Test Semiconductor Tech Co (SHSE:688372), the current 3-Year ROIIC % is 1.35 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 Shanghai V-Test Semiconductor Tech Co (SHSE:688372) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai V-Test Semiconductor Tech Co stock appears to be overvalued.
The current stock price of ¥111.88 is trading 5.3% above its estimated GF Value™ of ¥106.26.
GuruFocus considers Shanghai V-Test Semiconductor Tech Co to be Fairly Valued.
Key valuation signals for SHSE:688372:
3-Year ROIIC %: 1.35 (61% below median its 10-year median of 3.46)
GF Value™: ¥106.26 vs. price of ¥111.88 (5.3% above fair value)
No single metric tells the full story. See the SHSE:688372 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai V-Test Semiconductor Tech Co Ltd is engaged in the wafer testing, finished chip testing and supporting services related to integrated circuit testing.
79GF Score
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