Ztest ElectronicsZTSTF +5.64%48 3-Year ROIIC % is 248.37 as of Jun. 2025, which is 428% above its 10-year median of 47.01. GuruFocus rates ZTSTF with a GF Score™ of 48/100 and a GF Value™ of $0.17 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,376 Hardware companies, Ztest Electronics ranks better than 95.92% 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.
Ztest Electronics's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 248.37%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Ztest Electronics's 3-Year ROIIC % or its related term are showing as below:
ZTSTF's 3-Year ROIIC % is ranked better than 95.92% of 2376
companies
in the Hardware industry
Industry Median: 2.335
vs ZTSTF: 248.37
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.
Ztest Electronics 3-Year ROIIC % Related Terms
Ztest Electronics 3-Year ROIIC % Historical Data
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The historical data trend for Ztest Electronics'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.
For the Electronic Components subindustry, Ztest Electronics'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.
Ztest Electronics 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Ztest Electronics's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Ztest Electronics's 3-Year ROIIC % falls into.
Ztest Electronics's 3-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 0.7305098 (Jun. 2025) - -0.174 (Jun. 2022) )
/
( 1.505 (Jun. 2025) - 1.222 (Jun. 2022) )
=
0.9045098
/
0.283
=
319.61%***
* 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.
Ztest Electronics (ZTSTF) has a 3-Year ROIIC % of 248.37 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Ztest Electronics and its competitors. This is 428% above median its historical median of 47.01. According to the industry distribution chart, Ztest Electronics ranks #97 out of 2376 companies in the Hardware industry, placing it in the top 4.1%.
Is Ztest Electronics' 3-Year ROIIC % too high?
Ztest Electronics' current 3-Year ROIIC % of 248.37 is 428% above median its 10-year median of 47.01. The Hardware industry median 3-Year ROIIC % is 2.34. Ztest Electronics' value of 248.37 is 10536.8% above this industry median. Based on the distribution chart, Ztest Electronics ranks #97 out of 2376 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ztest Electronics has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ztest Electronics' 3-Year ROIIC % compare to APH and GLW?
According to the Hardware industry distribution chart, Ztest Electronics ranks #97 out of 2376 companies for 3-Year ROIIC %. This places Ztest Electronics in the top 4% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.34. Ztest Electronics' value of 248.37 is 10536.8% above this benchmark. While the company's 10-year median is 47.01 vs. the industry median of 2.34, Ztest Electronics 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 2.34, based on 2,376 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. Ztest Electronics's current 3-Year ROIIC % of 248.37 is 10536.8% 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 Ztest Electronics and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ztest Electronics's current 3-Year ROIIC % is 248.37, which is 428% above median its own 10-year median of 47.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ztest Electronics stock overvalued right now?
Based on GuruFocus' analysis, Ztest Electronics (ZTSTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.17, compared to a current price of $0.26 — trading 51% above its estimated fair value. The current 3-Year ROIIC % is 248.37, which is 428% above median its 10-year median of 47.01 and 10536.8% above the Hardware industry median of 2.34. Ztest Electronics' overall GF Score™ is 48/100 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 Ztest Electronics (ZTSTF), the current 3-Year ROIIC % is 248.37 as of Jun. 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 Ztest Electronics (ZTSTF) Overvalued in 2026?
Based on GuruFocus' analysis, Ztest Electronics stock appears to be overvalued.
The current stock price of $0.26 is trading 51% above its estimated GF Value™ of $0.17.
GuruFocus considers Ztest Electronics to be Significantly Overvalued.
Key valuation signals for ZTSTF:
3-Year ROIIC %: 248.37 (428% above median its 10-year median of 47.01)
GF Value™: $0.17 vs. price of $0.26 (51% above fair value)
Industry Position: 10536.8% above the Hardware median (#97 of 2376)
No single metric tells the full story. See the ZTSTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ztest Electronics Inc is a Canada-based company. It is involved in the designing, developing, and assembling printed circuit boards and other electronic equipment. Geographically, the company operates only in Canada.
48GF Score
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