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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.
SMA Solar Technology AG's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -97.06%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for SMA Solar Technology AG's 3-Year ROIIC % or its related term are showing as below:
SMTGF's 3-Year ROIIC % is ranked worse than 90.26% of 996
companies
in the Semiconductors industry
Industry Median: -0.075
vs SMTGF: -97.06
SMA Solar Technology AG (OTCPK:SMTGF) 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.
SMA Solar Technology AG 3-Year ROIIC % Related Terms
SMA Solar Technology AG 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.
SMTGF vs FSLR, NXT, ENPH: 3-Year ROIIC % Comparison
For the Solar subindustry, SMA Solar Technology AG'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.
SMA Solar Technology AG 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, SMA Solar Technology AG's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where SMA Solar Technology AG's 3-Year ROIIC % falls into.
SMA Solar Technology AG 3-Year ROIIC % Calculation
SMA Solar Technology AG'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**
=
( -151.876833 (Dec. 2025) - 43.63 (Dec. 2022) )
/
( 1102.905 (Dec. 2025) - 811.236 (Dec. 2022) )
=
-195.506833
/
291.669
=
-67.03%***
* 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.
SMA Solar Technology AG (SMTGF) has a 3-Year ROIIC % of -97.06 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 SMA Solar Technology AG and its competitors. According to the industry distribution chart, SMA Solar Technology AG ranks #899 out of 996 companies in the Semiconductors industry, placing it in the top 90.3%.
Is SMA Solar Technology AG's 3-Year ROIIC % too high?
SMA Solar Technology AG's current 3-Year ROIIC % is -97.06. Based on the distribution chart, SMA Solar Technology AG ranks #899 out of 996 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, SMA Solar Technology AG has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMA Solar Technology AG's 3-Year ROIIC % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, SMA Solar Technology AG ranks #899 out of 996 companies for 3-Year ROIIC %. This places SMA Solar Technology AG 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 SMA Solar Technology AG and its competitors. SMA Solar Technology AG's current 3-Year ROIIC % is -97.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMA Solar Technology AG stock overvalued right now?
Based on GuruFocus' analysis, SMA Solar Technology AG (SMTGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $37.36, compared to a current price of $74.91 — trading 100.5% above its estimated fair value. The current 3-Year ROIIC % is -97.06. SMA Solar Technology AG's overall GF Score™ is 71/100 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 SMA Solar Technology AG (SMTGF), the current 3-Year ROIIC % is -97.06 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 SMA Solar Technology AG (SMTGF) Overvalued in 2026?
Based on GuruFocus' analysis, SMA Solar Technology AG stock appears to be overvalued.
The current stock price of $74.91 is trading 100.5% above its estimated GF Value™ of $37.36.
GuruFocus considers SMA Solar Technology AG to be Significantly Overvalued.
Key valuation signals for SMTGF:
3-Year ROIIC %: -97.06
GF Value™: $37.36 vs. price of $74.91 (100.5% above fair value)
No single metric tells the full story. See the SMTGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SMA Solar Technology AG produces, develops, and sells systems and solutions for the efficient and sustainable generation, storage, and use of solar energy. Its products include PV and battery inverters, monitoring systems for PV systems, charging solutions for electric vehicles, as well as energy management systems, and digital services for the future energy supply. The company operates through the following segments: Home & Business Solutions and Large Scale & Project Solutions. The Large Scale & Project Solutions segment, which derives key revenue for the company, offers products, systems, and solutions around the globe for solar, storage, and hydrogen projects on a power plant scale, as well as for the transition of power grids toward a higher share of renewable energy.
71GF Score
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