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BTC StudiosWAR:BTC 12 3-Year ROIIC % is 3.60 as of Dec. 2025, which is 38% above its 10-year median of 2.61. GuruFocus rates WAR:BTC with a GF Score™ of 12/100 and a GF Value™ of zł0.05 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 531 Interactive Media companies, BTC Studios ranks better than 50.66% 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.
BTC Studios's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.60%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for BTC Studios's 3-Year ROIIC % or its related term are showing as below:
WAR:BTC's 3-Year ROIIC % is ranked better than 50.66% of 531
companies
in the Interactive Media industry
Industry Median: 3.45
vs WAR:BTC: 3.60
BTC Studios (WAR:BTC) 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.
BTC Studios 3-Year ROIIC % Related Terms
BTC Studios 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for BTC Studios'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.
WAR:BTC vs NTES, EA, TTWO: 3-Year ROIIC % Comparison
For the Electronic Gaming & Multimedia subindustry, BTC Studios'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.
BTC Studios 3-Year ROIIC % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, BTC Studios's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where BTC Studios's 3-Year ROIIC % falls into.
BTC Studios'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**
=
( -0.286 (Dec. 2025) - 0.3538656 (Dec. 2022) )
/
( 1.917 (Dec. 2025) - 19.7 (Dec. 2022) )
=
-0.6398656
/
-17.783
=
3.60%***
* 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.
BTC Studios (WAR:BTC) has a 3-Year ROIIC % of 3.60 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 BTC Studios and its competitors. This is 38% above median its historical median of 2.61. According to the industry distribution chart, BTC Studios ranks #262 out of 531 companies in the Interactive Media industry, placing it in the top 49.3%.
Is BTC Studios' 3-Year ROIIC % too high?
BTC Studios' current 3-Year ROIIC % of 3.60 is 38% above median its 10-year median of 2.61. The Interactive Media industry median 3-Year ROIIC % is 3.45. BTC Studios' value of 3.60 is 4.3% above this industry median. Based on the distribution chart, BTC Studios ranks #262 out of 531 companies in the Interactive Media industry, which is above the industry midpoint. Overall, BTC Studios has a GF Score™ of 12/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BTC Studios' 3-Year ROIIC % compare to NTES and EA?
According to the Interactive Media industry distribution chart, BTC Studios ranks #262 out of 531 companies for 3-Year ROIIC %. This puts BTC Studios in the upper half of its industry. The industry median 3-Year ROIIC % is 3.45. BTC Studios' value of 3.60 is 4.3% above this benchmark. While the company's 10-year median is 2.61 vs. the industry median of 3.45, BTC Studios has consistently been above the industry average. 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 an Interactive Media company?
The median 3-Year ROIIC % among Interactive Media companies is 3.45, based on 531 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. BTC Studios's current 3-Year ROIIC % of 3.60 is 4.3% 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 BTC Studios and its competitors. For the Interactive Media industry, the median 3-Year ROIIC % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BTC Studios's current 3-Year ROIIC % is 3.60, which is 38% above median its own 10-year median of 2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTC Studios stock overvalued right now?
Based on GuruFocus' analysis, BTC Studios (WAR:BTC) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.05, compared to a current price of zł0.12 — trading 140% above its estimated fair value. The current 3-Year ROIIC % is 3.60, which is 38% above median its 10-year median of 2.61 and 4.3% above the Interactive Media industry median of 3.45. BTC Studios' overall GF Score™ is 12/100 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 BTC Studios (WAR:BTC), the current 3-Year ROIIC % is 3.60 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.
Is BTC Studios (WAR:BTC) Overvalued in 2026?
Based on GuruFocus' analysis, BTC Studios stock appears to be overvalued.
The current stock price of zł0.12 is trading 140% above its estimated GF Value™ of zł0.05.
GuruFocus considers BTC Studios to be Significantly Overvalued.
Key valuation signals for WAR:BTC:
3-Year ROIIC %: 3.60 (38% above median its 10-year median of 2.61)
GF Value™: zł0.05 vs. price of zł0.12 (140% above fair value)
Industry Position: 4.3% above the Interactive Media median (#262 of 531)
No single metric tells the full story. See the WAR:BTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BTC Studios SA is a game development company. Its portfolio of games include Taffy: Feed the Kitty; Sadie Sparks Magic Match; and Pirates Next Door: The Mad Chase.
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