Largo Physical VanadiumVANAF -0.27%39 3-Year ROIIC % is 9.60 as of Dec. 2025, which is at its 10-year median of 9.60. GuruFocus rates VANAF with a GF Score™ of 39/100. Among 2,305 Metals & Mining companies, Largo Physical Vanadium ranks better than 67.25% 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.
Largo Physical Vanadium's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 9.60%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Largo Physical Vanadium's 3-Year ROIIC % or its related term are showing as below:
VANAF's 3-Year ROIIC % is ranked better than 67.25% of 2305
companies
in the Metals & Mining industry
Industry Median: -2.53
vs VANAF: 9.60
Largo Physical Vanadium (OTCPK:VANAF) 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.
Largo Physical Vanadium 3-Year ROIIC % Related Terms
Largo Physical Vanadium 3-Year ROIIC % Historical Data
* 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.
Largo Physical Vanadium 3-Year ROIIC % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Largo Physical Vanadium'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.
Largo Physical Vanadium 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Largo Physical Vanadium's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Largo Physical Vanadium's 3-Year ROIIC % falls into.
Largo Physical Vanadium 3-Year ROIIC % Calculation
Largo Physical Vanadium'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**
=
( -0.328 (Dec. 2025) - -0.035 (Jul. 2022) )
/
( 17.745 (Dec. 2025) - 22.202 (Jul. 2022) )
=
-0.293
/
-4.457
=
6.57%***
* 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.
Largo Physical Vanadium (VANAF) has a 3-Year ROIIC % of 9.60 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 Largo Physical Vanadium and its competitors. This is near median its historical median of 9.60. Over the past decade, Largo Physical Vanadium's 3-Year ROIIC % has ranged from 9.60 to 9.60. According to the industry distribution chart, Largo Physical Vanadium ranks #755 out of 2305 companies in the Metals & Mining industry, placing it in the top 32.8%.
Is Largo Physical Vanadium's 3-Year ROIIC % too high?
Largo Physical Vanadium's current 3-Year ROIIC % of 9.60 is near median its 10-year median of 9.60. Over the past 10 years, this metric has ranged from a low of 9.60 to a high of 9.60. Based on the distribution chart, Largo Physical Vanadium ranks #755 out of 2305 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Largo Physical Vanadium has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Largo Physical Vanadium's 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, Largo Physical Vanadium ranks #755 out of 2305 companies for 3-Year ROIIC %. This puts Largo Physical Vanadium in the upper half of its industry. Historically, Largo Physical Vanadium's own 3-Year ROIIC % has ranged from 9.60 to 9.60 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 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 Largo Physical Vanadium and its competitors. Largo Physical Vanadium's current 3-Year ROIIC % is 9.60, which is near median its own 10-year median of 9.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Largo Physical Vanadium stock overvalued right now?
Largo Physical Vanadium (VANAF) has a current 3-Year ROIIC % of 9.60. The current 3-Year ROIIC % is 9.60, which is near median its 10-year median of 9.60. Largo Physical Vanadium's overall GF Score™ is 39/100. 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 Largo Physical Vanadium (VANAF), the current 3-Year ROIIC % is 9.60 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.
Largo Physical Vanadium Corp is engaged in manufacturing high-quality vanadium products. It also aims to provide a secure, convenient, and exchange-traded investment alternative for investors interested in direct investment exposure to physical vanadium and not to speculate about short-term changes in vanadium prices.
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