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TSECTPE:6443 -2.70%36 3-Year ROIIC % is 98.74 as of Dec. 2025. GuruFocus rates TPE:6443 with a GF Score™ of 36/100 and a GF Value™ of NT$6.03 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 996 Semiconductors companies, TSEC ranks better than 89.76% 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.
TSEC's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 98.74%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TSEC's 3-Year ROIIC % or its related term are showing as below:
TPE:6443's 3-Year ROIIC % is ranked better than 89.76% of 996
companies
in the Semiconductors industry
Industry Median: -0.145
vs TPE:6443: 98.74
TSEC (TPE:6443) 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.
TSEC 3-Year ROIIC % Related Terms
TSEC 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for TSEC'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:6443 vs FSLR, NXT, ENPH: 3-Year ROIIC % Comparison
For the Solar subindustry, TSEC'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.
TSEC 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, TSEC's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TSEC's 3-Year ROIIC % falls into.
TSEC'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**
=
( -2789.508 (Dec. 2025) - 264.054 (Dec. 2022) )
/
( 5951.301 (Dec. 2025) - 9043.951 (Dec. 2022) )
=
-3053.562
/
-3092.65
=
98.74%***
* 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.
TSEC (TPE:6443) has a 3-Year ROIIC % of 98.74 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 TSEC and its competitors. According to the industry distribution chart, TSEC ranks #102 out of 996 companies in the Semiconductors industry, placing it in the top 10.2%.
Is TSEC's 3-Year ROIIC % too high?
TSEC's current 3-Year ROIIC % is 98.74. Based on the distribution chart, TSEC ranks #102 out of 996 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, TSEC has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSEC's 3-Year ROIIC % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, TSEC ranks #102 out of 996 companies for 3-Year ROIIC %. This places TSEC in the top 10% of its industry — outperforming the majority of peers. 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 TSEC and its competitors. TSEC's current 3-Year ROIIC % is 98.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSEC stock overvalued right now?
Based on GuruFocus' analysis, TSEC (TPE:6443) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$6.03, compared to a current price of NT$28.80 — trading 377.6% above its estimated fair value. The current 3-Year ROIIC % is 98.74. TSEC's overall GF Score™ is 36/100 with 5 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 TSEC (TPE:6443), the current 3-Year ROIIC % is 98.74 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 TSEC (TPE:6443) Overvalued in 2026?
Based on GuruFocus' analysis, TSEC stock appears to be overvalued.
The current stock price of NT$28.80 is trading 377.6% above its estimated GF Value™ of NT$6.03.
GuruFocus considers TSEC to be Significantly Overvalued.
Key valuation signals for TPE:6443:
3-Year ROIIC %: 98.74
GF Value™: NT$6.03 vs. price of NT$28.80 (377.6% above fair value)
No single metric tells the full story. See the TPE:6443 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSEC Corp is a Taiwan based PV manufacturing company. The company is engaged in the design, manufacture, construction, and sale of solar cells, modules, and power plants. It focuses on solar cells and module R&D, production, and sales, it also provides system integration services for power plant construction and long-term maintenance.
36GF Score
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