Melco Resorts and Entertainment (STU:MAS) 3-Year ROIIC % : -122.65% (As of Dec. 2025)


STU:MAS Melco Resorts and Entertainment Ltd STU:MAS
67 GF Score
Price €4.60
GF Value €6.96
Valuation Possible Value Trap
! 4 Warning Signs
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What is Melco Resorts and Entertainment 3-Year ROIIC %?

Melco Resorts and Entertainment STU:MAS -2.13% 67 3-Year ROIIC % is -122.65 as of Dec. 2025. GuruFocus rates STU:MAS with a GF Score™ of 67/100 and a GF Value™ of €6.96 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 791 Travel & Leisure companies, Melco Resorts and Entertainment ranks worse than 93.17% 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. Melco Resorts and Entertainment's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -122.65%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Melco Resorts and Entertainment's 3-Year ROIIC % or its related term are showing as below:

STU:MAS's 3-Year ROIIC % is ranked worse than
93.17% of 791 companies
in the Travel & Leisure industry
Industry Median: 4.35 vs STU:MAS: -122.65

Melco Resorts and Entertainment  (STU:MAS) 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.


Melco Resorts and Entertainment 3-Year ROIIC % Related Terms


Melco Resorts and Entertainment 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Melco Resorts and Entertainment'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.

Melco Resorts and Entertainment 3-Year ROIIC % Chart

Melco Resorts and Entertainment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 112.07 288.07 -270.47 -239.63 -122.65

Melco Resorts and Entertainment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -122.65 0.00

STU:MAS vs LVS, MGM, WYNN: 3-Year ROIIC % Comparison

For the Resorts & Casinos subindustry, Melco Resorts and Entertainment'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.


Melco Resorts and Entertainment 3-Year ROIIC % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Melco Resorts and Entertainment's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Melco Resorts and Entertainment's 3-Year ROIIC % falls into.


STU:MAS
67GF Score
Melco Resorts and Entertainment Ltd STU:MAS
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melco Resorts and Entertainment 3-Year ROIIC % Calculation

Melco Resorts and Entertainment'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**
=( 545.3254696 (Dec. 2025) - -686.779 (Dec. 2022) )/( 5820.035 (Dec. 2025) - 7484.83 (Dec. 2022) )
=1232.1044696/-1664.795
=-74.01%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -122.65 mean?
Melco Resorts and Entertainment (STU:MAS) has a 3-Year ROIIC % of -122.65 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 Melco Resorts and Entertainment and its competitors. According to the industry distribution chart, Melco Resorts and Entertainment ranks #737 out of 791 companies in the Travel & Leisure industry, placing it in the top 93.2%.
Is Melco Resorts and Entertainment's 3-Year ROIIC % too high?
Melco Resorts and Entertainment's current 3-Year ROIIC % is -122.65. Based on the distribution chart, Melco Resorts and Entertainment ranks #737 out of 791 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Melco Resorts and Entertainment has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melco Resorts and Entertainment's 3-Year ROIIC % compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Melco Resorts and Entertainment ranks #737 out of 791 companies for 3-Year ROIIC %. This places Melco Resorts and Entertainment in the lower half of its industry. The industry median 3-Year ROIIC % is 4.35. 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 Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 4.35, based on 791 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 Melco Resorts and Entertainment and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 4.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melco Resorts and Entertainment's current 3-Year ROIIC % is -122.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco Resorts and Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Melco Resorts and Entertainment (STU:MAS) is currently considered Possible Value Trap. The stock's GF Value™ is €6.96, compared to a current price of €4.60 — trading 33.9% below its estimated fair value. The current 3-Year ROIIC % is -122.65. Melco Resorts and Entertainment's overall GF Score™ is 67/100 with 4 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 Melco Resorts and Entertainment (STU:MAS), the current 3-Year ROIIC % is -122.65 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 Melco Resorts and Entertainment (STU:MAS) Overvalued in 2026?

Based on GuruFocus' analysis, Melco Resorts and Entertainment stock appears to be undervalued. The current stock price of €4.60 is trading 33.9% below its estimated GF Value™ of €6.96. GuruFocus considers Melco Resorts and Entertainment to be Possible Value Trap.

Key valuation signals for STU:MAS:

  • 3-Year ROIIC %: -122.65
  • GF Value™: €6.96 vs. price of €4.60 (33.9% below fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the STU:MAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Melco Resorts and Entertainment Business Description

Address 60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.
67GF Score

Get the complete analysis for STU:MAS

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.60
Price
€6.96
GF Value