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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.
BOE Varitronix's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -33.38%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for BOE Varitronix's 3-Year ROIIC % or its related term are showing as below:
VARXF's 3-Year ROIIC % is ranked worse than 81.22% of 2375
companies
in the Hardware industry
Industry Median: 2.34
vs VARXF: -33.38
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.
BOE Varitronix 3-Year ROIIC % Related Terms
BOE Varitronix 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for BOE Varitronix'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 Electronic Components subindustry, BOE Varitronix'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.
BOE Varitronix 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, BOE Varitronix's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where BOE Varitronix'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.
BOE Varitronix (VARXF) has a 3-Year ROIIC % of -33.38 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 BOE Varitronix and its competitors. According to the industry distribution chart, BOE Varitronix ranks #1929 out of 2375 companies in the Hardware industry, placing it in the top 81.2%.
Is BOE Varitronix's 3-Year ROIIC % too high?
BOE Varitronix's current 3-Year ROIIC % is -33.38. Based on the distribution chart, BOE Varitronix ranks #1929 out of 2375 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, BOE Varitronix has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BOE Varitronix's 3-Year ROIIC % compare to APH and GLW?
According to the Hardware industry distribution chart, BOE Varitronix ranks #1929 out of 2375 companies for 3-Year ROIIC %. This places BOE Varitronix in the lower half of its industry. The industry median 3-Year ROIIC % is 2.34. 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 2,375 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. 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 BOE Varitronix 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. BOE Varitronix's current 3-Year ROIIC % is -33.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOE Varitronix stock overvalued right now?
Based on GuruFocus' analysis, BOE Varitronix (VARXF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.94, compared to a current price of $0.63 — trading 32.5% below its estimated fair value. The current 3-Year ROIIC % is -33.38. BOE Varitronix's overall GF Score™ is 59/100 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 BOE Varitronix (VARXF), the current 3-Year ROIIC % is -33.38 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.
Is BOE Varitronix (VARXF) Overvalued in 2026?
Based on GuruFocus' analysis, BOE Varitronix stock appears to be undervalued.
The current stock price of $0.63 is trading 32.5% below its estimated GF Value™ of $0.94.
GuruFocus considers BOE Varitronix to be Significantly Undervalued.
Key valuation signals for VARXF:
3-Year ROIIC %: -33.38
GF Value™: $0.94 vs. price of $0.63 (32.5% below fair value)
No single metric tells the full story. See the VARXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the design, manufacture and sale of liquid crystal displays and related products. The company's geographical segments include the PRC, Europe, Japan, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.
59GF Score
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