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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.
Leader Electronics's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 39.95%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Leader Electronics's 3-Year ROIIC % or its related term are showing as below:
TSE:6867's 3-Year ROIIC % is ranked better than 80.98% of 2371
companies
in the Hardware industry
Industry Median: 2.34
vs TSE:6867: 39.95
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.
Leader Electronics 3-Year ROIIC % Related Terms
Leader Electronics 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Leader Electronics'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.
TSE:6867 vs COHR, KEYS, GRMN: 3-Year ROIIC % Comparison
For the Scientific & Technical Instruments subindustry, Leader Electronics'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.
Leader Electronics 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Leader Electronics's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Leader Electronics's 3-Year ROIIC % falls into.
Leader Electronics's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 11.3255772 (Mar. 2026) - -314.869 (Mar. 2023) )
/
( 3237.121 (Mar. 2026) - 2420.656 (Mar. 2023) )
=
326.1945772
/
816.465
=
39.95%***
* 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.
Leader Electronics (TSE:6867) has a 3-Year ROIIC % of 39.95 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Leader Electronics and its competitors. According to the industry distribution chart, Leader Electronics ranks #451 out of 2371 companies in the Hardware industry, placing it in the top 19%.
Is Leader Electronics' 3-Year ROIIC % too high?
Leader Electronics' current 3-Year ROIIC % is 39.95. The Hardware industry median 3-Year ROIIC % is 2.34. Leader Electronics' value of 39.95 is 1607.3% above this industry median. Based on the distribution chart, Leader Electronics ranks #451 out of 2371 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Leader Electronics has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Leader Electronics' 3-Year ROIIC % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Leader Electronics ranks #451 out of 2371 companies for 3-Year ROIIC %. This places Leader Electronics in the top 19% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.34. Leader Electronics' value of 39.95 is 1607.3% above this benchmark. 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.34, based on 2,371 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. Leader Electronics's current 3-Year ROIIC % of 39.95 is 1607.3% 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 Leader Electronics and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leader Electronics's current 3-Year ROIIC % is 39.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leader Electronics stock overvalued right now?
Based on GuruFocus' analysis, Leader Electronics (TSE:6867) is currently considered Modestly Undervalued. The stock's GF Value™ is 円510.68, compared to a current price of 円419.00 — trading 18% below its estimated fair value. The current 3-Year ROIIC % is 39.95 and 1607.3% above the Hardware industry median of 2.34. Leader Electronics' overall GF Score™ is 57/100 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 Leader Electronics (TSE:6867), the current 3-Year ROIIC % is 39.95 as of Mar. 2026. 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 Leader Electronics (TSE:6867) Overvalued in 2026?
Based on GuruFocus' analysis, Leader Electronics stock appears to be undervalued.
The current stock price of 円419.00 is trading 18% below its estimated GF Value™ of 円510.68.
GuruFocus considers Leader Electronics to be Modestly Undervalued.
Key valuation signals for TSE:6867:
3-Year ROIIC %: 39.95
GF Value™: 円510.68 vs. price of 円419.00 (18% below fair value)
Industry Position: 1607.3% above the Hardware median (#451 of 2371)
No single metric tells the full story. See the TSE:6867 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leader Electronics Corp is engaged in the research, development, manufacturing, and sales of electronic measuring instruments, including those for broadcasting stations, manufacturers of professional video-related equipment, and signal monitoring during live broadcasts of sporting events.
57GF Score
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