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Miris Holding ABXSAT:MIR 45 3-Year ROIIC % is 214.13 as of Dec. 2025, which is 3703% above its 10-year median of 5.63. GuruFocus rates XSAT:MIR with a GF Score™ of 45/100 and a GF Value™ of kr15.36 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,373 Hardware companies, Miris Holding AB ranks better than 95.28% 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.
Miris Holding AB's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 214.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Miris Holding AB's 3-Year ROIIC % or its related term are showing as below:
XSAT:MIR's 3-Year ROIIC % is ranked better than 95.28% of 2373
companies
in the Hardware industry
Industry Median: 2.33
vs XSAT:MIR: 214.13
Miris Holding AB (XSAT:MIR) 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.
Miris Holding AB 3-Year ROIIC % Related Terms
Miris Holding AB 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Miris Holding AB'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.
XSAT:MIR vs COHR, KEYS, GRMN: 3-Year ROIIC % Comparison
For the Scientific & Technical Instruments subindustry, Miris Holding AB'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.
Miris Holding AB 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Miris Holding AB's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Miris Holding AB's 3-Year ROIIC % falls into.
Miris Holding AB'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**
=
( -3.991 (Dec. 2025) - -11.267 (Dec. 2022) )
/
( 20.934 (Dec. 2025) - 17.536 (Dec. 2022) )
=
7.276
/
3.398
=
214.13%***
* 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.
Miris Holding AB (XSAT:MIR) has a 3-Year ROIIC % of 214.13 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 Miris Holding AB and its competitors. This is 3703% above median its historical median of 5.63. According to the industry distribution chart, Miris Holding AB ranks #112 out of 2373 companies in the Hardware industry, placing it in the top 4.7%.
Is Miris Holding AB's 3-Year ROIIC % too high?
Miris Holding AB's current 3-Year ROIIC % of 214.13 is 3703% above median its 10-year median of 5.63. The Hardware industry median 3-Year ROIIC % is 2.33. Miris Holding AB's value of 214.13 is 9090.1% above this industry median. Based on the distribution chart, Miris Holding AB ranks #112 out of 2373 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Miris Holding AB has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miris Holding AB's 3-Year ROIIC % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Miris Holding AB ranks #112 out of 2373 companies for 3-Year ROIIC %. This places Miris Holding AB in the top 5% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.33. Miris Holding AB's value of 214.13 is 9090.1% above this benchmark. While the company's 10-year median is 5.63 vs. the industry median of 2.33, Miris Holding AB 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 2.33, based on 2,373 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. Miris Holding AB's current 3-Year ROIIC % of 214.13 is 9090.1% 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 Miris Holding AB and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miris Holding AB's current 3-Year ROIIC % is 214.13, which is 3703% above median its own 10-year median of 5.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miris Holding AB stock overvalued right now?
Based on GuruFocus' analysis, Miris Holding AB (XSAT:MIR) is currently considered Significantly Overvalued. The stock's GF Value™ is kr15.36, compared to a current price of kr24.60 — trading 60.2% above its estimated fair value. The current 3-Year ROIIC % is 214.13, which is 3703% above median its 10-year median of 5.63 and 9090.1% above the Hardware industry median of 2.33. Miris Holding AB's overall GF Score™ is 45/100 with 4 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 Miris Holding AB (XSAT:MIR), the current 3-Year ROIIC % is 214.13 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 Miris Holding AB (XSAT:MIR) Overvalued in 2026?
Based on GuruFocus' analysis, Miris Holding AB stock appears to be overvalued.
The current stock price of kr24.60 is trading 60.2% above its estimated GF Value™ of kr15.36.
GuruFocus considers Miris Holding AB to be Significantly Overvalued.
Key valuation signals for XSAT:MIR:
3-Year ROIIC %: 214.13 (3703% above median its 10-year median of 5.63)
GF Value™: kr15.36 vs. price of kr24.60 (60.2% above fair value)
Industry Position: 9090.1% above the Hardware median (#112 of 2373)
No single metric tells the full story. See the XSAT:MIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Miris Holding AB develops, produces, markets and sells the Miris HMA - Human Milk Analyzer (HMA). It provides neonatal health through the development, manufacture and sale of equipment and consumables for human milk analysis to enable individual nutrition for premature infants. It is used in healthcare for the analysis of breast milk for premature babies and for the classification of donated breast milk at milk banks.
45GF Score
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