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Novatech IndustriesXPAR:MLNOV 75 3-Year ROIIC % is 24.79 as of Dec. 2025, which is 1792% above its 10-year median of 1.31. GuruFocus rates XPAR:MLNOV with a GF Score™ of 75/100 and a GF Value™ of €11.93 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,370 Hardware companies, Novatech Industries ranks better than 74.35% 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.
Novatech Industries's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 24.79%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Novatech Industries's 3-Year ROIIC % or its related term are showing as below:
XPAR:MLNOV's 3-Year ROIIC % is ranked better than 74.35% of 2370
companies
in the Hardware industry
Industry Median: 2.35
vs XPAR:MLNOV: 24.79
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.
Novatech Industries 3-Year ROIIC % Related Terms
Novatech Industries 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Novatech Industries'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.
XPAR:MLNOV vs APH, GLW, TEL: 3-Year ROIIC % Comparison
For the Electronic Components subindustry, Novatech Industries'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.
Novatech Industries 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Novatech Industries's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Novatech Industries's 3-Year ROIIC % falls into.
Novatech Industries'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**
=
( -0.777 (Dec. 2025) - -0.1471503 (Dec. 2022) )
/
( 27.817 (Dec. 2025) - 30.358 (Dec. 2022) )
=
-0.6298497
/
-2.541
=
24.79%***
* 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.
Novatech Industries (XPAR:MLNOV) has a 3-Year ROIIC % of 24.79 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 Novatech Industries and its competitors. This is 1792% above median its historical median of 1.31. According to the industry distribution chart, Novatech Industries ranks #608 out of 2370 companies in the Hardware industry, placing it in the top 25.7%.
Is Novatech Industries' 3-Year ROIIC % too high?
Novatech Industries' current 3-Year ROIIC % of 24.79 is 1792% above median its 10-year median of 1.31. The Hardware industry median 3-Year ROIIC % is 2.35. Novatech Industries' value of 24.79 is 954.9% above this industry median. Based on the distribution chart, Novatech Industries ranks #608 out of 2370 companies in the Hardware industry, which is above the industry midpoint. Overall, Novatech Industries has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Novatech Industries' 3-Year ROIIC % compare to APH and GLW?
According to the Hardware industry distribution chart, Novatech Industries ranks #608 out of 2370 companies for 3-Year ROIIC %. This puts Novatech Industries in the upper half of its industry. The industry median 3-Year ROIIC % is 2.35. Novatech Industries' value of 24.79 is 954.9% above this benchmark. While the company's 10-year median is 1.31 vs. the industry median of 2.35, Novatech Industries 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.35, based on 2,370 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. Novatech Industries's current 3-Year ROIIC % of 24.79 is 954.9% 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 Novatech Industries and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novatech Industries's current 3-Year ROIIC % is 24.79, which is 1792% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novatech Industries stock overvalued right now?
Based on GuruFocus' analysis, Novatech Industries (XPAR:MLNOV) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.93, compared to a current price of €15.00 — trading 25.7% above its estimated fair value. The current 3-Year ROIIC % is 24.79, which is 1792% above median its 10-year median of 1.31 and 954.9% above the Hardware industry median of 2.35. Novatech Industries' overall GF Score™ is 75/100 with 2 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 Novatech Industries (XPAR:MLNOV), the current 3-Year ROIIC % is 24.79 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 Novatech Industries (XPAR:MLNOV) Overvalued in 2026?
Based on GuruFocus' analysis, Novatech Industries stock appears to be overvalued.
The current stock price of €15.00 is trading 25.7% above its estimated GF Value™ of €11.93.
GuruFocus considers Novatech Industries to be Modestly Overvalued.
Key valuation signals for XPAR:MLNOV:
3-Year ROIIC %: 24.79 (1792% above median its 10-year median of 1.31)
GF Value™: €11.93 vs. price of €15.00 (25.7% above fair value)
Industry Position: 954.9% above the Hardware median (#608 of 2370)
No single metric tells the full story. See the XPAR:MLNOV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novatech Industries is engaged in electronic sub-contracting services. It operates in two main activities: the assembly of electric components supplied by contractors and the manufacture of electronic cards.
75GF Score
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