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.
Micron Technology's 3-Year ROIIC % for the quarter that ended in Aug. 2025 was -1.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Micron Technology's 3-Year ROIIC % or its related term are showing as below:
XSWX:MU's 3-Year ROIIC % is ranked worse than 51.76% of 997
companies
in the Semiconductors industry
Industry Median: -0.11
vs XSWX:MU: -1.18
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.
Micron Technology 3-Year ROIIC % Related Terms
Micron Technology 3-Year ROIIC % Historical Data
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The historical data trend for Micron Technology'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:MU vs AMD, INTC, TXN: 3-Year ROIIC % Comparison
For the Semiconductors subindustry, Micron Technology'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.
Micron Technology 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micron Technology's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Micron Technology's 3-Year ROIIC % falls into.
* 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.
Micron Technology (XSWX:MU) has a 3-Year ROIIC % of -1.18 as of Aug. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Micron Technology and its competitors. According to the industry distribution chart, Micron Technology ranks #516 out of 997 companies in the Semiconductors industry, placing it in the top 51.8%.
Is Micron Technology's 3-Year ROIIC % too high?
Micron Technology's current 3-Year ROIIC % is -1.18. Based on the distribution chart, Micron Technology ranks #516 out of 997 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Micron Technology has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micron Technology's 3-Year ROIIC % compare to AMD and INTC?
According to the Semiconductors industry distribution chart, Micron Technology ranks #516 out of 997 companies for 3-Year ROIIC %. This places Micron Technology in the lower half of its industry. 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 Micron Technology and its competitors. Micron Technology's current 3-Year ROIIC % is -1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micron Technology stock overvalued right now?
Based on GuruFocus' analysis, Micron Technology (XSWX:MU) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF320.31, compared to a current price of CHF851.53 — trading 165.8% above its estimated fair value. The current 3-Year ROIIC % is -1.18. Micron Technology's overall GF Score™ is 78/100 with 7 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 Micron Technology (XSWX:MU), the current 3-Year ROIIC % is -1.18 as of Aug. 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 Micron Technology (XSWX:MU) Overvalued in 2026?
Based on GuruFocus' analysis, Micron Technology stock appears to be overvalued.
The current stock price of CHF851.53 is trading 165.8% above its estimated GF Value™ of CHF320.31.
GuruFocus considers Micron Technology to be Significantly Overvalued.
Key valuation signals for XSWX:MU:
3-Year ROIIC %: -1.18
GF Value™: CHF320.31 vs. price of CHF851.53 (165.8% above fair value)
No single metric tells the full story. See the XSWX:MU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
78GF Score
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