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MERFTSE:3168 +0.08%55 3-Year ROIIC % is 145.50 as of Aug. 2025, which is 3501% above its 10-year median of 4.04. GuruFocus rates TSE:3168 with a GF Score™ of 55/100 and a GF Value™ of 円575.35 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,302 Metals & Mining companies, MERF ranks better than 90.31% 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.
MERF's 3-Year ROIIC % for the quarter that ended in Aug. 2025 was 145.50%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for MERF's 3-Year ROIIC % or its related term are showing as below:
TSE:3168's 3-Year ROIIC % is ranked better than 90.31% of 2302
companies
in the Metals & Mining industry
Industry Median: -2.58
vs TSE:3168: 145.50
MERF (TSE:3168) 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.
MERF 3-Year ROIIC % Related Terms
MERF 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for MERF'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 Other Industrial Metals & Mining subindustry, MERF'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.
MERF 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MERF's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where MERF'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.
MERF (TSE:3168) has a 3-Year ROIIC % of 145.50 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 MERF and its competitors. This is 3501% above median its historical median of 4.04. According to the industry distribution chart, MERF ranks #223 out of 2302 companies in the Metals & Mining industry, placing it in the top 9.7%.
Is MERF's 3-Year ROIIC % too high?
MERF's current 3-Year ROIIC % of 145.50 is 3501% above median its 10-year median of 4.04. Based on the distribution chart, MERF ranks #223 out of 2302 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, MERF has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MERF's 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, MERF ranks #223 out of 2302 companies for 3-Year ROIIC %. This places MERF 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 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 MERF and its competitors. MERF's current 3-Year ROIIC % is 145.50, which is 3501% above median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MERF stock overvalued right now?
Based on GuruFocus' analysis, MERF (TSE:3168) is currently considered Significantly Overvalued. The stock's GF Value™ is 円575.35, compared to a current price of 円1,211.00 — trading 110.5% above its estimated fair value. The current 3-Year ROIIC % is 145.50, which is 3501% above median its 10-year median of 4.04. MERF's overall GF Score™ is 55/100 with 4 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 MERF (TSE:3168), the current 3-Year ROIIC % is 145.50 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 MERF (TSE:3168) Overvalued in 2026?
Based on GuruFocus' analysis, MERF stock appears to be overvalued.
The current stock price of 円1,211.00 is trading 110.5% above its estimated GF Value™ of 円575.35.
GuruFocus considers MERF to be Significantly Overvalued.
Key valuation signals for TSE:3168:
3-Year ROIIC %: 145.50 (3501% above median its 10-year median of 4.04)
GF Value™: 円575.35 vs. price of 円1,211.00 (110.5% above fair value)
No single metric tells the full story. See the TSE:3168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MERF Inc is engaged in recycling non-ferrous metals, focusing on copper and copper alloys. Its business activities are divided into two main segments: the Ingot Business, which involves the manufacturing of copper alloy ingots, and the Metal Recycling Raw Materials Business, which is engaged in metal recycling. It is also involved in the manufacturing and selling of art and craft products segment.
55GF Score
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