Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Universal CementTPE:1104 -1.30%83 3-Year ROIIC % is 21.14 as of Dec. 2025, which is 77% above its 10-year median of 11.93. GuruFocus rates TPE:1104 with a GF Score™ of 83/100 and a GF Value™ of NT$30.44 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 383 Building Materials companies, Universal Cement ranks better than 72.85% 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.
Universal Cement's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 21.14%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Universal Cement's 3-Year ROIIC % or its related term are showing as below:
TPE:1104's 3-Year ROIIC % is ranked better than 72.85% of 383
companies
in the Building Materials industry
Industry Median: 5.11
vs TPE:1104: 21.14
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.
Universal Cement 3-Year ROIIC % Related Terms
Universal Cement 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Universal Cement'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.
TPE:1104 vs CRH, VMC, MLM: 3-Year ROIIC % Comparison
For the Building Materials subindustry, Universal Cement'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.
Universal Cement 3-Year ROIIC % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Universal Cement's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Universal Cement'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.
Universal Cement (TPE:1104) has a 3-Year ROIIC % of 21.14 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 Universal Cement and its competitors. This is 77% above median its historical median of 11.93. According to the industry distribution chart, Universal Cement ranks #104 out of 383 companies in the Building Materials industry, placing it in the top 27.2%.
Is Universal Cement's 3-Year ROIIC % too high?
Universal Cement's current 3-Year ROIIC % of 21.14 is 77% above median its 10-year median of 11.93. The Building Materials industry median 3-Year ROIIC % is 5.11. Universal Cement's value of 21.14 is 313.7% above this industry median. Based on the distribution chart, Universal Cement ranks #104 out of 383 companies in the Building Materials industry, which is above the industry midpoint. Overall, Universal Cement has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Cement's 3-Year ROIIC % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Universal Cement ranks #104 out of 383 companies for 3-Year ROIIC %. This puts Universal Cement in the upper half of its industry. The industry median 3-Year ROIIC % is 5.11. Universal Cement's value of 21.14 is 313.7% above this benchmark. While the company's 10-year median is 11.93 vs. the industry median of 5.11, Universal Cement has consistently been above the industry average. 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 Building Materials company?
The median 3-Year ROIIC % among Building Materials companies is 5.11, based on 383 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. Universal Cement's current 3-Year ROIIC % of 21.14 is 313.7% 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 Universal Cement and its competitors. For the Building Materials industry, the median 3-Year ROIIC % is 5.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Cement's current 3-Year ROIIC % is 21.14, which is 77% above median its own 10-year median of 11.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Cement stock overvalued right now?
Based on GuruFocus' analysis, Universal Cement (TPE:1104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.44, compared to a current price of NT$26.60 — trading 12.6% below its estimated fair value. The current 3-Year ROIIC % is 21.14, which is 77% above median its 10-year median of 11.93 and 313.7% above the Building Materials industry median of 5.11. Universal Cement's overall GF Score™ is 83/100 with 2 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 Universal Cement (TPE:1104), the current 3-Year ROIIC % is 21.14 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 Universal Cement (TPE:1104) Overvalued in 2026?
Based on GuruFocus' analysis, Universal Cement stock appears to be undervalued.
The current stock price of NT$26.60 is trading 12.6% below its estimated GF Value™ of NT$30.44.
GuruFocus considers Universal Cement to be Modestly Undervalued.
Key valuation signals for TPE:1104:
3-Year ROIIC %: 21.14 (77% above median its 10-year median of 11.93)
GF Value™: NT$30.44 vs. price of NT$26.60 (12.6% below fair value)
Industry Position: 313.7% above the Building Materials median (#104 of 383)
No single metric tells the full story. See the TPE:1104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Universal Cement Corporation is a Taiwan-based company predominantly engaged in manufacturing and selling cement and related construction materials. The company's reportable segments include Building materials and others. The majority of its revenue is generated from the building materials segment which is engaged in manufacturing and selling cement, concrete, and gypsum board. Geographically, key revenue for the company is derived from Taiwan.
83GF Score
Get the complete analysis for TPE:1104
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:1104 has been successfully added to your 
