Where Food Comes FromWFCF -8.25%78 3-Year ROIIC % is 26.81 as of Dec. 2025, which is 139% above its 10-year median of 11.24. GuruFocus rates WFCF with a GF Score™ of 78/100 and a GF Value™ of $12.43 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,008 Business Services companies, Where Food Comes From ranks better than 76.19% 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.
Where Food Comes From's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 26.81%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Where Food Comes From's 3-Year ROIIC % or its related term are showing as below:
WFCF's 3-Year ROIIC % is ranked better than 76.19% of 1008
companies
in the Business Services industry
Industry Median: 4.985
vs WFCF: 26.81
Where Food Comes From (NAS:WFCF) 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.
Where Food Comes From 3-Year ROIIC % Related Terms
Where Food Comes From 3-Year ROIIC % Historical Data
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The historical data trend for Where Food Comes From'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.
WFCF vs ANPA, DLHC, TISI: 3-Year ROIIC % Comparison
For the Specialty Business Services subindustry, Where Food Comes From'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.
Where Food Comes From 3-Year ROIIC % vs Business Services Industry
For the Business Services industry and Industrials sector, Where Food Comes From's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Where Food Comes From's 3-Year ROIIC % falls into.
Where Food Comes From'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**
=
( 0.8310546 (Dec. 2025) - 1.8778812 (Dec. 2022) )
/
( 8.649 (Dec. 2025) - 12.554 (Dec. 2022) )
=
-1.0468266
/
-3.905
=
26.81%***
* 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.
Where Food Comes From (WFCF) has a 3-Year ROIIC % of 26.81 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 Where Food Comes From and its competitors. This is 139% above median its historical median of 11.24. According to the industry distribution chart, Where Food Comes From ranks #240 out of 1008 companies in the Business Services industry, placing it in the top 23.8%.
Is Where Food Comes From's 3-Year ROIIC % too high?
Where Food Comes From's current 3-Year ROIIC % of 26.81 is 139% above median its 10-year median of 11.24. The Business Services industry median 3-Year ROIIC % is 4.99. Where Food Comes From's value of 26.81 is 437.8% above this industry median. Based on the distribution chart, Where Food Comes From ranks #240 out of 1008 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Where Food Comes From has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Where Food Comes From's 3-Year ROIIC % compare to ANPA and DLHC?
According to the Business Services industry distribution chart, Where Food Comes From ranks #240 out of 1008 companies for 3-Year ROIIC %. This places Where Food Comes From in the top 24% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.99. Where Food Comes From's value of 26.81 is 437.8% above this benchmark. While the company's 10-year median is 11.24 vs. the industry median of 4.99, Where Food Comes From 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 a Business Services company?
The median 3-Year ROIIC % among Business Services companies is 4.99, based on 1,008 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. Where Food Comes From's current 3-Year ROIIC % of 26.81 is 437.8% 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 Where Food Comes From and its competitors. For the Business Services industry, the median 3-Year ROIIC % is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Where Food Comes From's current 3-Year ROIIC % is 26.81, which is 139% above median its own 10-year median of 11.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Where Food Comes From stock overvalued right now?
Based on GuruFocus' analysis, Where Food Comes From (WFCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.43, compared to a current price of $14.90 — trading 19.9% above its estimated fair value. The current 3-Year ROIIC % is 26.81, which is 139% above median its 10-year median of 11.24 and 437.8% above the Business Services industry median of 4.99. Where Food Comes From's overall GF Score™ is 78/100 with 3 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 Where Food Comes From (WFCF), the current 3-Year ROIIC % is 26.81 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 Where Food Comes From (WFCF) Overvalued in 2026?
Based on GuruFocus' analysis, Where Food Comes From stock appears to be overvalued.
The current stock price of $14.90 is trading 19.9% above its estimated GF Value™ of $12.43.
GuruFocus considers Where Food Comes From to be Modestly Overvalued.
Key valuation signals for WFCF:
3-Year ROIIC %: 26.81 (139% above median its 10-year median of 11.24)
GF Value™: $12.43 vs. price of $14.90 (19.9% above fair value)
Industry Position: 437.8% above the Business Services median (#240 of 1008)
No single metric tells the full story. See the WFCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Where Food Comes From Inc is a third-party food verification company conducting both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural and aquaculture products are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, and restaurants with a wide variety of value-added services provided through its family of verifiers, including International Certification Services, Validus Verification Services, and others. It also provides a wide range of professional consulting services. It generates the majority of its revenue from Verification and certification services.
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