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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.
Forest Water Environmental Eng'g Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -45.04%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
TPE:8473's 3-Year ROIIC % is ranked worse than 89.52% of 229
companies
in the Waste Management industry
Industry Median: 3.54
vs TPE:8473: -45.04
Forest Water Environmental Eng'g Co (TPE:8473) 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.
Forest Water Environmental Eng'g Co 3-Year ROIIC % Related Terms
Forest Water Environmental Eng'g Co 3-Year ROIIC % Historical Data
* 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.
Forest Water Environmental Eng'g Co 3-Year ROIIC % Chart
TPE:8473 vs WM, RSG, WCN: 3-Year ROIIC % Comparison
For the Waste Management subindustry, Forest Water Environmental Eng'g Co'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.
Forest Water Environmental Eng'g Co 3-Year ROIIC % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Forest Water Environmental Eng'g Co's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 680.4966168 (Dec. 2025) - 39.198 (Dec. 2022) )
/
( 12720.191 (Dec. 2025) - 14144.001 (Dec. 2022) )
=
641.2986168
/
-1423.81
=
-45.04%***
* 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.
Forest Water Environmental Eng'g Co (TPE:8473) has a 3-Year ROIIC % of -45.04 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 Forest Water Environmental Eng'g Co and its competitors. According to the industry distribution chart, Forest Water Environmental Eng'g Co ranks #205 out of 229 companies in the Waste Management industry, placing it in the top 89.5%.
Is Forest Water Environmental Eng'g Co's 3-Year ROIIC % too high?
Forest Water Environmental Eng'g Co's current 3-Year ROIIC % is -45.04. Based on the distribution chart, Forest Water Environmental Eng'g Co ranks #205 out of 229 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Forest Water Environmental Eng'g Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Forest Water Environmental Eng'g Co's 3-Year ROIIC % compare to WM and RSG?
According to the Waste Management industry distribution chart, Forest Water Environmental Eng'g Co ranks #205 out of 229 companies for 3-Year ROIIC %. This places Forest Water Environmental Eng'g Co in the lower half of its industry. The industry median 3-Year ROIIC % is 3.54. 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 Waste Management company?
The median 3-Year ROIIC % among Waste Management companies is 3.54, based on 229 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. 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 Forest Water Environmental Eng'g Co and its competitors. For the Waste Management industry, the median 3-Year ROIIC % is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forest Water Environmental Eng'g Co's current 3-Year ROIIC % is -45.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forest Water Environmental Eng'g Co stock overvalued right now?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co (TPE:8473) is currently considered Fairly Valued. The stock's GF Value™ is NT$41.96, compared to a current price of NT$40.40 — trading 3.7% below its estimated fair value. The current 3-Year ROIIC % is -45.04. Forest Water Environmental Eng'g Co's overall GF Score™ is 80/100 with 3 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 Forest Water Environmental Eng'g Co (TPE:8473), the current 3-Year ROIIC % is -45.04 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 Forest Water Environmental Eng'g Co (TPE:8473) Overvalued in 2026?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co stock appears to be undervalued.
The current stock price of NT$40.40 is trading 3.7% below its estimated GF Value™ of NT$41.96.
GuruFocus considers Forest Water Environmental Eng'g Co to be Fairly Valued.
Key valuation signals for TPE:8473:
3-Year ROIIC %: -45.04
GF Value™: NT$41.96 vs. price of NT$40.40 (3.7% below fair value)
No single metric tells the full story. See the TPE:8473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forest Water Environmental Eng'g Co Business Description
Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.
80GF 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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