Advanced Micro DevicesXSWX:AMD 80 3-Year ROIIC % is 70.50 as of Dec. 2025, which is 70% above its 10-year median of 41.49. GuruFocus rates XSWX:AMD with a GF Score™ of 80/100 and a GF Value™ of CHF190.40 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 996 Semiconductors companies, Advanced Micro Devices ranks better than 85.44% 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.
Advanced Micro Devices's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 70.50%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Advanced Micro Devices's 3-Year ROIIC % or its related term are showing as below:
XSWX:AMD's 3-Year ROIIC % is ranked better than 85.44% of 996
companies
in the Semiconductors industry
Industry Median: -0.155
vs XSWX:AMD: 70.50
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.
Advanced Micro Devices 3-Year ROIIC % Related Terms
Advanced Micro Devices 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Advanced Micro Devices'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.
XSWX:AMD vs INTC, MU, TXN: 3-Year ROIIC % Comparison
For the Semiconductors subindustry, Advanced Micro Devices'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.
Advanced Micro Devices 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Advanced Micro Devices's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Advanced Micro Devices's 3-Year ROIIC % falls into.
Advanced Micro Devices'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**
=
( 2943.749 (Dec. 2025) - 1177.542 (Dec. 2022) )
/
( 47686.495 (Dec. 2025) - 52535.719 (Dec. 2022) )
=
1766.207
/
-4849.224
=
-36.42%***
* 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.
Advanced Micro Devices (XSWX:AMD) has a 3-Year ROIIC % of 70.50 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 Advanced Micro Devices and its competitors. This is 70% above median its historical median of 41.49. According to the industry distribution chart, Advanced Micro Devices ranks #145 out of 996 companies in the Semiconductors industry, placing it in the top 14.6%.
Is Advanced Micro Devices' 3-Year ROIIC % too high?
Advanced Micro Devices' current 3-Year ROIIC % of 70.50 is 70% above median its 10-year median of 41.49. Based on the distribution chart, Advanced Micro Devices ranks #145 out of 996 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Advanced Micro Devices has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Micro Devices' 3-Year ROIIC % compare to INTC and MU?
According to the Semiconductors industry distribution chart, Advanced Micro Devices ranks #145 out of 996 companies for 3-Year ROIIC %. This places Advanced Micro Devices in the top 15% of its industry — outperforming the majority of peers. 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 Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors industry context. 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 Advanced Micro Devices and its competitors. Advanced Micro Devices's current 3-Year ROIIC % is 70.50, which is 70% above median its own 10-year median of 41.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Micro Devices stock overvalued right now?
Based on GuruFocus' analysis, Advanced Micro Devices (XSWX:AMD) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF190.40, compared to a current price of CHF419.32 — trading 120.2% above its estimated fair value. The current 3-Year ROIIC % is 70.50, which is 70% above median its 10-year median of 41.49. Advanced Micro Devices' overall GF Score™ is 80/100 with 9 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 Advanced Micro Devices (XSWX:AMD), the current 3-Year ROIIC % is 70.50 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 Advanced Micro Devices (XSWX:AMD) Overvalued in 2026?
Based on GuruFocus' analysis, Advanced Micro Devices stock appears to be overvalued.
The current stock price of CHF419.32 is trading 120.2% above its estimated GF Value™ of CHF190.40.
GuruFocus considers Advanced Micro Devices to be Significantly Overvalued.
Key valuation signals for XSWX:AMD:
3-Year ROIIC %: 70.50 (70% above median its 10-year median of 41.49)
GF Value™: CHF190.40 vs. price of CHF419.32 (120.2% above fair value)
No single metric tells the full story. See the XSWX:AMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. However, AMD is emerging as a prominent player in AI GPUs and related hardware. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox.
80GF Score
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