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Merida Industry CoTPE:9914 -1.51%71 3-Year ROIIC % is 68.06 as of Dec. 2025, which is 1084% above its 10-year median of 5.75. GuruFocus rates TPE:9914 with a GF Score™ of 71/100 and a GF Value™ of NT$130.78 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 791 Travel & Leisure companies, Merida Industry Co ranks better than 87.23% 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.
Merida Industry Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 68.06%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Merida Industry Co's 3-Year ROIIC % or its related term are showing as below:
TPE:9914's 3-Year ROIIC % is ranked better than 87.23% of 791
companies
in the Travel & Leisure industry
Industry Median: 3.94
vs TPE:9914: 68.06
Merida Industry Co (TPE:9914) 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.
Merida Industry Co 3-Year ROIIC % Related Terms
Merida Industry Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Merida Industry Co'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:9914 vs AS, HAS, LTH: 3-Year ROIIC % Comparison
For the Leisure subindustry, Merida Industry 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.
Merida Industry Co 3-Year ROIIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Merida Industry Co'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.
Merida Industry Co (TPE:9914) has a 3-Year ROIIC % of 68.06 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 Merida Industry Co and its competitors. This is 1084% above median its historical median of 5.75. According to the industry distribution chart, Merida Industry Co ranks #101 out of 791 companies in the Travel & Leisure industry, placing it in the top 12.8%.
Is Merida Industry Co's 3-Year ROIIC % too high?
Merida Industry Co's current 3-Year ROIIC % of 68.06 is 1084% above median its 10-year median of 5.75. The Travel & Leisure industry median 3-Year ROIIC % is 3.94. Merida Industry Co's value of 68.06 is 1627.4% above this industry median. Based on the distribution chart, Merida Industry Co ranks #101 out of 791 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Merida Industry Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's 3-Year ROIIC % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #101 out of 791 companies for 3-Year ROIIC %. This places Merida Industry Co in the top 13% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.94. Merida Industry Co's value of 68.06 is 1627.4% above this benchmark. While the company's 10-year median is 5.75 vs. the industry median of 3.94, Merida Industry Co 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 Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 3.94, based on 791 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. Merida Industry Co's current 3-Year ROIIC % of 68.06 is 1627.4% 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 Merida Industry Co and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current 3-Year ROIIC % is 68.06, which is 1084% above median its own 10-year median of 5.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$130.78, compared to a current price of NT$78.10 — trading 40.3% below its estimated fair value. The current 3-Year ROIIC % is 68.06, which is 1084% above median its 10-year median of 5.75 and 1627.4% above the Travel & Leisure industry median of 3.94. Merida Industry Co's overall GF Score™ is 71/100 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 Merida Industry Co (TPE:9914), the current 3-Year ROIIC % is 68.06 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 Merida Industry Co (TPE:9914) Overvalued in 2026?
Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued.
The current stock price of NT$78.10 is trading 40.3% below its estimated GF Value™ of NT$130.78.
GuruFocus considers Merida Industry Co to be Significantly Undervalued.
Key valuation signals for TPE:9914:
3-Year ROIIC %: 68.06 (1084% above median its 10-year median of 5.75)
GF Value™: NT$130.78 vs. price of NT$78.10 (40.3% below fair value)
Industry Position: 1627.4% above the Travel & Leisure median (#101 of 791)
No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
71GF Score
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