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Visible Gold MinesTSXV:VGD 37 3-Year ROIIC % is 5.73 as of Jul. 2025, which is 256% above its 10-year median of 1.61. GuruFocus rates TSXV:VGD with a GF Score™ of 37/100. Among 2,305 Metals & Mining companies, Visible Gold Mines ranks better than 63.56% 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.
Visible Gold Mines's 3-Year ROIIC % for the quarter that ended in Jul. 2025 was 5.73%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Visible Gold Mines's 3-Year ROIIC % or its related term are showing as below:
TSXV:VGD's 3-Year ROIIC % is ranked better than 63.56% of 2305
companies
in the Metals & Mining industry
Industry Median: -2.53
vs TSXV:VGD: 5.73
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.
Visible Gold Mines 3-Year ROIIC % Related Terms
Visible Gold Mines 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Visible Gold Mines'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, Visible Gold Mines'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.
Visible Gold Mines 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Visible Gold Mines's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Visible Gold Mines's 3-Year ROIIC % falls into.
Visible Gold Mines's 3-Year ROIIC % for the quarter that ended in Jul. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -0.455 (Jul. 2025) - -0.388 (Jul. 2022) )
/
( 0.156 (Jul. 2025) - 1.326 (Jul. 2022) )
=
-0.067
/
-1.17
=
5.73%***
* 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.
Visible Gold Mines (TSXV:VGD) has a 3-Year ROIIC % of 5.73 as of Jul. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Visible Gold Mines and its competitors. This is 256% above median its historical median of 1.61. According to the industry distribution chart, Visible Gold Mines ranks #840 out of 2305 companies in the Metals & Mining industry, placing it in the top 36.4%.
Is Visible Gold Mines' 3-Year ROIIC % too high?
Visible Gold Mines' current 3-Year ROIIC % of 5.73 is 256% above median its 10-year median of 1.61. Based on the distribution chart, Visible Gold Mines ranks #840 out of 2305 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Visible Gold Mines has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Visible Gold Mines' 3-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Visible Gold Mines ranks #840 out of 2305 companies for 3-Year ROIIC %. This puts Visible Gold Mines 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 Visible Gold Mines and its competitors. Visible Gold Mines's current 3-Year ROIIC % is 5.73, which is 256% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Visible Gold Mines stock overvalued right now?
Visible Gold Mines (TSXV:VGD) has a current 3-Year ROIIC % of 5.73. The current 3-Year ROIIC % is 5.73, which is 256% above median its 10-year median of 1.61. Visible Gold Mines' overall GF Score™ is 37/100. 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 Visible Gold Mines (TSXV:VGD), the current 3-Year ROIIC % is 5.73 as of Jul. 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.
Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment, being the exploration and evaluation of mineral resources. Its projects include the Cadillac Break, Lucky Break, Silidor, Stadacona, Wasa Creek, and Wasa East projects, and a minority interest in the Capricorn project, all located along the Cadillac-Larder Lake near the town of Rouyn-Noranda in the province of Quebec, Canada. Its Lithium James Bay projects include Megali, Carli, and Natali.
37GF Score
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