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TRX GoldTRX +5.60%43 3-Year ROIIC % is 18.56 as of Aug. 2025, which is 20% below its 10-year median of 23.20. GuruFocus rates TRX with a GF Score™ of 43/100 and a GF Value™ of $1.20 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 2,305 Metals & Mining companies, TRX Gold ranks better than 73.02% 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.
TRX Gold's 3-Year ROIIC % for the quarter that ended in Aug. 2025 was 18.56%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TRX Gold's 3-Year ROIIC % or its related term are showing as below:
TRX's 3-Year ROIIC % is ranked better than 73.02% of 2305
companies
in the Metals & Mining industry
Industry Median: -2.53
vs TRX: 18.56
TRX Gold (AMEX:TRX) 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.
TRX Gold 3-Year ROIIC % Related Terms
TRX Gold 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for TRX Gold'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 Gold subindustry, TRX Gold'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.
TRX Gold 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, TRX Gold's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TRX Gold's 3-Year ROIIC % falls into.
TRX Gold's 3-Year ROIIC % for the quarter that ended in Aug. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 7.196799 (Aug. 2025) - 0.459 (Aug. 2022) )
/
( 97.029 (Aug. 2025) - 64.706 (Aug. 2022) )
=
6.737799
/
32.323
=
20.85%***
* 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.
TRX Gold (TRX) has a 3-Year ROIIC % of 18.56 as of Aug. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on TRX Gold and its competitors. This is 20% below median its historical median of 23.20. According to the industry distribution chart, TRX Gold ranks #622 out of 2305 companies in the Metals & Mining industry, placing it in the top 27%.
Is TRX Gold's 3-Year ROIIC % too high?
TRX Gold's current 3-Year ROIIC % of 18.56 is 20% below median its 10-year median of 23.20. Based on the distribution chart, TRX Gold ranks #622 out of 2305 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, TRX Gold has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRX Gold's 3-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TRX Gold ranks #622 out of 2305 companies for 3-Year ROIIC %. This puts TRX Gold in the upper 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 Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining 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 TRX Gold and its competitors. TRX Gold's current 3-Year ROIIC % is 18.56, which is 20% below median its own 10-year median of 23.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRX Gold stock overvalued right now?
Based on GuruFocus' analysis, TRX Gold (TRX) is currently considered Possible Value Trap. The stock's GF Value™ is $1.20, compared to a current price of $0.81 — trading 32.5% below its estimated fair value. The current 3-Year ROIIC % is 18.56, which is 20% below median its 10-year median of 23.20. TRX Gold's overall GF Score™ is 43/100 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 TRX Gold (TRX), the current 3-Year ROIIC % is 18.56 as of Aug. 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 TRX Gold (TRX) Overvalued in 2026?
Based on GuruFocus' analysis, TRX Gold stock appears to be undervalued.
The current stock price of $0.81 is trading 32.5% below its estimated GF Value™ of $1.20.
GuruFocus considers TRX Gold to be Possible Value Trap.
Key valuation signals for TRX:
3-Year ROIIC %: 18.56 (20% below median its 10-year median of 23.20)
GF Value™: $1.20 vs. price of $0.81 (32.5% below fair value)
No single metric tells the full story. See the TRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TRX Gold Corp is engaged in the exploration, development, and production of mineral property interests in the United Republic of Tanzania, focused on development and mining operations, and on exploring and evaluating its mineral properties. The business of exploring and mining for minerals involves a high degree of risk, and the underlying value of the mineral properties depends on the existence and economic recovery of mineral resources and reserves, as well as the ability to raise long-term financing to continue development. The company is focused on the Buckreef Gold Project, which comprises five prospects: Buckreef, Bingwa, Tembo, Eastern Porphyry, and Buziba, and includes three main mineralized zones: Buckreef South, Buckreef Main, and Buckreef North.
43GF Score
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