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Desiccant TechnologyTPE:5292 +0.60%96 3-Year ROIIC % is 21.13 as of Dec. 2025, which is 15% above its 10-year median of 18.37. GuruFocus rates TPE:5292 with a GF Score™ of 96/100 and a GF Value™ of NT$154.48 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,934 Industrial Products companies, Desiccant Technology ranks better than 74.37% 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.
Desiccant Technology's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 21.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Desiccant Technology's 3-Year ROIIC % or its related term are showing as below:
TPE:5292's 3-Year ROIIC % is ranked better than 74.37% of 2934
companies
in the Industrial Products industry
Industry Median: 3.46
vs TPE:5292: 21.13
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.
Desiccant Technology 3-Year ROIIC % Related Terms
Desiccant Technology 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Desiccant Technology'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:5292 vs VLTO, ZWS, CECO: 3-Year ROIIC % Comparison
For the Pollution & Treatment Controls subindustry, Desiccant Technology'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.
Desiccant Technology 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Desiccant Technology's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Desiccant Technology'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.
Desiccant Technology (TPE:5292) has a 3-Year ROIIC % of 21.13 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 Desiccant Technology and its competitors. This is 15% above median its historical median of 18.37. Over the past decade, Desiccant Technology's 3-Year ROIIC % has ranged from 7.22 to 31.23. According to the industry distribution chart, Desiccant Technology ranks #752 out of 2934 companies in the Industrial Products industry, placing it in the top 25.6%.
Is Desiccant Technology's 3-Year ROIIC % too high?
Desiccant Technology's current 3-Year ROIIC % of 21.13 is 15% above median its 10-year median of 18.37. Over the past 10 years, this metric has ranged from a low of 7.22 to a high of 31.23. The Industrial Products industry median 3-Year ROIIC % is 3.46. Desiccant Technology's value of 21.13 is 510.7% above this industry median. Based on the distribution chart, Desiccant Technology ranks #752 out of 2934 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Desiccant Technology has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Desiccant Technology's 3-Year ROIIC % compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Desiccant Technology ranks #752 out of 2934 companies for 3-Year ROIIC %. This puts Desiccant Technology in the upper half of its industry. The industry median 3-Year ROIIC % is 3.46. Desiccant Technology's value of 21.13 is 510.7% above this benchmark. Historically, Desiccant Technology's own 3-Year ROIIC % has ranged from 7.22 to 31.23 over the past decade. While the company's 10-year median is 18.37 vs. the industry median of 3.46, Desiccant Technology 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 an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.46, based on 2,934 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. Desiccant Technology's current 3-Year ROIIC % of 21.13 is 510.7% 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 Desiccant Technology and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Desiccant Technology's current 3-Year ROIIC % is 21.13, which is 15% above median its own 10-year median of 18.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Desiccant Technology stock overvalued right now?
Based on GuruFocus' analysis, Desiccant Technology (TPE:5292) is currently considered Fairly Valued. The stock's GF Value™ is NT$154.48, compared to a current price of NT$166.50 — trading 7.8% above its estimated fair value. The current 3-Year ROIIC % is 21.13, which is 15% above median its 10-year median of 18.37 and 510.7% above the Industrial Products industry median of 3.46. Desiccant Technology's overall GF Score™ is 96/100 with 1 warning sign 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 Desiccant Technology (TPE:5292), the current 3-Year ROIIC % is 21.13 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 Desiccant Technology (TPE:5292) Overvalued in 2026?
Based on GuruFocus' analysis, Desiccant Technology stock appears to be overvalued.
The current stock price of NT$166.50 is trading 7.8% above its estimated GF Value™ of NT$154.48.
GuruFocus considers Desiccant Technology to be Fairly Valued.
Key valuation signals for TPE:5292:
3-Year ROIIC %: 21.13 (15% above median its 10-year median of 18.37)
GF Value™: NT$154.48 vs. price of NT$166.50 (7.8% above fair value)
Industry Position: 510.7% above the Industrial Products median (#752 of 2934)
No single metric tells the full story. See the TPE:5292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Desiccant Technology Corp engages mainly in manufacturing industrial dehumidification equipment, drying equipment, pollution control equipment, designing installation projects, contracting, and importing and exporting related products. The Group operates in three principal geographical areas - Taiwan, China, and Singapore. It generates the majority of its revenue from Taiwan.
96GF Score
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