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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.
Cheng Loong's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -0.76%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Cheng Loong's 3-Year ROIIC % or its related term are showing as below:
TPE:1904's 3-Year ROIIC % is ranked worse than 50.75% of 268
companies
in the Forest Products industry
Industry Median: -0.74
vs TPE:1904: -0.76
Cheng Loong (TPE:1904) 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.
Cheng Loong 3-Year ROIIC % Related Terms
Cheng Loong 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Cheng Loong'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 Paper & Paper Products subindustry, Cheng Loong'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.
Cheng Loong 3-Year ROIIC % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Cheng Loong's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Cheng Loong'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.
Cheng Loong (TPE:1904) has a 3-Year ROIIC % of -0.76 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 Cheng Loong and its competitors. According to the industry distribution chart, Cheng Loong ranks #136 out of 268 companies in the Forest Products industry, placing it in the top 50.7%.
Is Cheng Loong's 3-Year ROIIC % too high?
Cheng Loong's current 3-Year ROIIC % is -0.76. Based on the distribution chart, Cheng Loong ranks #136 out of 268 companies in the Forest Products industry, which is below the industry midpoint. Overall, Cheng Loong has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Loong's 3-Year ROIIC % compare to competitors?
According to the Forest Products industry distribution chart, Cheng Loong ranks #136 out of 268 companies for 3-Year ROIIC %. This places Cheng Loong 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 Forest Products company?
A good 3-Year ROIIC % depends on the Forest Products 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 Cheng Loong and its competitors. Cheng Loong's current 3-Year ROIIC % is -0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Loong stock overvalued right now?
Based on GuruFocus' analysis, Cheng Loong (TPE:1904) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$25.95, compared to a current price of NT$21.45 — trading 17.3% below its estimated fair value. The current 3-Year ROIIC % is -0.76. Cheng Loong's overall GF Score™ is 70/100 with 11 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 Cheng Loong (TPE:1904), the current 3-Year ROIIC % is -0.76 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 Cheng Loong (TPE:1904) Overvalued in 2026?
Based on GuruFocus' analysis, Cheng Loong stock appears to be undervalued.
The current stock price of NT$21.45 is trading 17.3% below its estimated GF Value™ of NT$25.95.
GuruFocus considers Cheng Loong to be Modestly Undervalued.
Key valuation signals for TPE:1904:
3-Year ROIIC %: -0.76
GF Value™: NT$25.95 vs. price of NT$21.45 (17.3% below fair value)
No single metric tells the full story. See the TPE:1904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheng Loong Corp manufactures and sells a variety of paper products. The company is engaged in the manufacturing and sale of paper products, materials for paper products, corrugated cartons, and related products. It is also engaged in building commercial and residential premises for rent and sale in partnership with construction companies. The company generates a majority of its revenue from the manufacturing and sale of industrial paper, corrugated containers, and related products. Its geographical segments are Taiwan, which generates key revenue, China, and Southeast Asia.
70GF 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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