Black Swan GrapheneTSXV:SWAN -3.92%36 3-Year ROIIC % is 103.56 as of Dec. 2025, which is 6% above its 10-year median of 97.95. GuruFocus rates TSXV:SWAN with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 1,521 Chemicals companies, Black Swan Graphene ranks better than 93.56% 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.
Black Swan Graphene's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 103.56%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Black Swan Graphene's 3-Year ROIIC % or its related term are showing as below:
TSXV:SWAN's 3-Year ROIIC % is ranked better than 93.56% of 1521
companies
in the Chemicals industry
Industry Median: -0.04
vs TSXV:SWAN: 103.56
Black Swan Graphene (TSXV:SWAN) 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.
Black Swan Graphene 3-Year ROIIC % Related Terms
Black Swan Graphene 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Black Swan Graphene'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 Chemicals subindustry, Black Swan Graphene'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.
Black Swan Graphene 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Black Swan Graphene's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Black Swan Graphene's 3-Year ROIIC % falls into.
Black Swan Graphene's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -6.888 (Dec. 2025) - -3.948 (Dec. 2022) )
/
( 5.36 (Dec. 2025) - 8.199 (Dec. 2022) )
=
-2.94
/
-2.839
=
103.56%***
* 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.
Black Swan Graphene (TSXV:SWAN) has a 3-Year ROIIC % of 103.56 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 Black Swan Graphene and its competitors. This is near median its historical median of 97.95. Over the past decade, Black Swan Graphene's 3-Year ROIIC % has ranged from 92.33 to 103.56. According to the industry distribution chart, Black Swan Graphene ranks #98 out of 1521 companies in the Chemicals industry, placing it in the top 6.4%.
Is Black Swan Graphene's 3-Year ROIIC % too high?
Black Swan Graphene's current 3-Year ROIIC % of 103.56 is near median its 10-year median of 97.95. Over the past 10 years, this metric has ranged from a low of 92.33 to a high of 103.56. Based on the distribution chart, Black Swan Graphene ranks #98 out of 1521 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Black Swan Graphene has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Black Swan Graphene's 3-Year ROIIC % compare to DOW?
According to the Chemicals industry distribution chart, Black Swan Graphene ranks #98 out of 1521 companies for 3-Year ROIIC %. This places Black Swan Graphene in the top 6% of its industry — outperforming the majority of peers. Historically, Black Swan Graphene's own 3-Year ROIIC % has ranged from 92.33 to 103.56 over the past decade. 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 Chemicals company?
A good 3-Year ROIIC % depends on the Chemicals 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 Black Swan Graphene and its competitors. Black Swan Graphene's current 3-Year ROIIC % is 103.56, which is near median its own 10-year median of 97.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Swan Graphene stock overvalued right now?
Black Swan Graphene (TSXV:SWAN) has a current 3-Year ROIIC % of 103.56. The current 3-Year ROIIC % is 103.56, which is near median its 10-year median of 97.95. Black Swan Graphene's overall GF Score™ is 36/100 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 Black Swan Graphene (TSXV:SWAN), the current 3-Year ROIIC % is 103.56 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.
Black Swan Graphene Inc is focused on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymer, Li-ion batteries, and others, which are expected to require large volumes of graphene and, in turn, require large volumes of graphite.
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