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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.
Soluna Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 17.48%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Soluna Holdings's 3-Year ROIIC % or its related term are showing as below:
SLNH's 3-Year ROIIC % is ranked better than 74.39% of 660
companies
in the Capital Markets industry
Industry Median: 2.315
vs SLNH: 17.48
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.
Soluna Holdings 3-Year ROIIC % Related Terms
Soluna Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Soluna Holdings'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.
For the Capital Markets subindustry, Soluna Holdings'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.
Soluna Holdings 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Soluna Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Soluna Holdings'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.
Soluna Holdings (SLNH) has a 3-Year ROIIC % of 17.48 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 Soluna Holdings and its competitors. According to the industry distribution chart, Soluna Holdings ranks #169 out of 660 companies in the Capital Markets industry, placing it in the top 25.6%.
Is Soluna Holdings' 3-Year ROIIC % too high?
Soluna Holdings' current 3-Year ROIIC % is 17.48. The Capital Markets industry median 3-Year ROIIC % is 2.32. Soluna Holdings' value of 17.48 is 655.1% above this industry median. Based on the distribution chart, Soluna Holdings ranks #169 out of 660 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Soluna Holdings has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Soluna Holdings' 3-Year ROIIC % compare to FUFU and CFOR?
According to the Capital Markets industry distribution chart, Soluna Holdings ranks #169 out of 660 companies for 3-Year ROIIC %. This puts Soluna Holdings in the upper half of its industry. The industry median 3-Year ROIIC % is 2.32. Soluna Holdings' value of 17.48 is 655.1% 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.32, based on 660 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. Soluna Holdings's current 3-Year ROIIC % of 17.48 is 655.1% 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 Soluna Holdings and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Soluna Holdings's current 3-Year ROIIC % is 17.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Soluna Holdings stock overvalued right now?
Based on GuruFocus' analysis, Soluna Holdings (SLNH) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.14, compared to a current price of $1.19 — trading 750% above its estimated fair value. The current 3-Year ROIIC % is 17.48 and 655.1% above the Capital Markets industry median of 2.32. Soluna Holdings' overall GF Score™ is 37/100 with 6 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 Soluna Holdings (SLNH), the current 3-Year ROIIC % is 17.48 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 Soluna Holdings (SLNH) Overvalued in 2026?
Based on GuruFocus' analysis, Soluna Holdings stock appears to be overvalued.
The current stock price of $1.19 is trading 750% above its estimated GF Value™ of $0.14.
GuruFocus considers Soluna Holdings to be Significantly Overvalued.
Key valuation signals for SLNH:
3-Year ROIIC %: 17.48
GF Value™: $0.14 vs. price of $1.19 (750% above fair value)
Industry Position: 655.1% above the Capital Markets median (#169 of 660)
No single metric tells the full story. See the SLNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Soluna Holdings Inc is a U.S.-based company engaged in the development and operation of data centers powered by renewable energy. The company utilizes excess or curtailed energy from renewable sources to support high-performance computing applications, including cryptocurrency mining, artificial intelligence, and machine learning. Its business model focuses on converting underutilized renewable energy into computing resources through co-located data center infrastructure.
37GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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