Tokyo ElectronTOELF -1.27%85 3-Year ROIIC % is 2.92 as of Mar. 2026, which is 89% below its 10-year median of 26.51. GuruFocus rates TOELF with a GF Score™ of 85/100 and a GF Value™ of $202.71 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 996 Semiconductors companies, Tokyo Electron ranks better than 55.12% 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.
Tokyo Electron's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 2.92%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Tokyo Electron's 3-Year ROIIC % or its related term are showing as below:
TOELF's 3-Year ROIIC % is ranked better than 55.12% of 996
companies
in the Semiconductors industry
Industry Median: -0.155
vs TOELF: 2.92
Tokyo Electron (OTCPK:TOELF) 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.
Tokyo Electron 3-Year ROIIC % Related Terms
Tokyo Electron 3-Year ROIIC % Historical Data
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The historical data trend for Tokyo Electron'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.
TOELF vs LRCX, AMAT, KLAC: 3-Year ROIIC % Comparison
For the Semiconductor Equipment & Materials subindustry, Tokyo Electron'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.
Tokyo Electron 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tokyo Electron's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tokyo Electron'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.
Tokyo Electron (TOELF) has a 3-Year ROIIC % of 2.92 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Tokyo Electron and its competitors. This is 89% below median its historical median of 26.51. Over the past decade, Tokyo Electron's 3-Year ROIIC % has ranged from 2.92 to 352.30. According to the industry distribution chart, Tokyo Electron ranks #447 out of 996 companies in the Semiconductors industry, placing it in the top 44.9%.
Is Tokyo Electron's 3-Year ROIIC % too high?
Tokyo Electron's current 3-Year ROIIC % of 2.92 is 89% below median its 10-year median of 26.51. Over the past 10 years, this metric has ranged from a low of 2.92 to a high of 352.30. Based on the distribution chart, Tokyo Electron ranks #447 out of 996 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Tokyo Electron has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron's 3-Year ROIIC % compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Tokyo Electron ranks #447 out of 996 companies for 3-Year ROIIC %. This puts Tokyo Electron in the upper half of its industry. Historically, Tokyo Electron's own 3-Year ROIIC % has ranged from 2.92 to 352.30 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 Tokyo Electron and its competitors. Tokyo Electron's current 3-Year ROIIC % is 2.92, which is 89% below median its own 10-year median of 26.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Electron stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electron (TOELF) is currently considered Significantly Overvalued. The stock's GF Value™ is $202.71, compared to a current price of $457.28 — trading 125.6% above its estimated fair value. The current 3-Year ROIIC % is 2.92, which is 89% below median its 10-year median of 26.51. Tokyo Electron's overall GF Score™ is 85/100 with 8 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 Tokyo Electron (TOELF), the current 3-Year ROIIC % is 2.92 as of Mar. 2026. 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 Tokyo Electron (TOELF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Electron stock appears to be overvalued.
The current stock price of $457.28 is trading 125.6% above its estimated GF Value™ of $202.71.
GuruFocus considers Tokyo Electron to be Significantly Overvalued.
Key valuation signals for TOELF:
3-Year ROIIC %: 2.92 (89% below median its 10-year median of 26.51)
GF Value™: $202.71 vs. price of $457.28 (125.6% above fair value)
No single metric tells the full story. See the TOELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix.
85GF Score
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