5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year.
Metalpha Technology Holding's 5-Year ROIIC % for the quarter that ended in Mar. 2025 was 231.93%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Metalpha Technology Holding's 5-Year ROIIC % or its related term are showing as below:
MATH's 5-Year ROIIC % is ranked better than 96.3% of 621
companies
in the Capital Markets industry
Industry Median: 2.2
vs MATH: 231.93
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.
Metalpha Technology Holding 5-Year ROIIC % Related Terms
Metalpha Technology Holding 5-Year ROIIC % Historical Data
* 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.
MATH vs HGBL, GSIW, PLUT: 5-Year ROIIC % Comparison
For the Capital Markets subindustry, Metalpha Technology Holding's 5-Year ROIIC %, along with its competitors' market caps and 5-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.
Metalpha Technology Holding 5-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Metalpha Technology Holding's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Metalpha Technology Holding's 5-Year ROIIC % falls into.
5-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
5-Year Incremental Invested Capital**
=
( 17.952 (Mar. 2025) - -2.119 (Mar. 2020) )
/
( 16.072 (Mar. 2025) - 7.418 (Mar. 2020) )
=
20.071
/
8.654
=
231.93%***
* 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 5-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.
Metalpha Technology Holding (MATH) has a 5-Year ROIIC % of 231.93 as of Mar. 2025. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Metalpha Technology Holding and its competitors. According to the industry distribution chart, Metalpha Technology Holding ranks #23 out of 621 companies in the Capital Markets industry, placing it in the top 3.7%.
Is Metalpha Technology Holding's 5-Year ROIIC % too high?
Metalpha Technology Holding's current 5-Year ROIIC % is 231.93. The Capital Markets industry median 5-Year ROIIC % is 2.20. Metalpha Technology Holding's value of 231.93 is 10442.3% above this industry median. Based on the distribution chart, Metalpha Technology Holding ranks #23 out of 621 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Metalpha Technology Holding has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Metalpha Technology Holding's 5-Year ROIIC % compare to HGBL and GSIW?
According to the Capital Markets industry distribution chart, Metalpha Technology Holding ranks #23 out of 621 companies for 5-Year ROIIC %. This places Metalpha Technology Holding in the top 4% of its industry — outperforming the majority of peers. The industry median 5-Year ROIIC % is 2.20. Metalpha Technology Holding's value of 231.93 is 10442.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for a Capital Markets company?
The median 5-Year ROIIC % among Capital Markets companies is 2.20, based on 621 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Metalpha Technology Holding's current 5-Year ROIIC % of 231.93 is 10442.3% 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 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Metalpha Technology Holding and its competitors. For the Capital Markets industry, the median 5-Year ROIIC % is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metalpha Technology Holding's current 5-Year ROIIC % is 231.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metalpha Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Metalpha Technology Holding (MATH) is currently considered Possible Value Trap. The stock's GF Value™ is $2.30, compared to a current price of $0.99 — trading 56.9% below its estimated fair value. The current 5-Year ROIIC % is 231.93 and 10442.3% above the Capital Markets industry median of 2.20. Metalpha Technology Holding's overall GF Score™ is 42/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For Metalpha Technology Holding (MATH), the current 5-Year ROIIC % is 231.93 as of Mar. 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 Metalpha Technology Holding (MATH) Overvalued in 2026?
Based on GuruFocus' analysis, Metalpha Technology Holding stock appears to be undervalued.
The current stock price of $0.99 is trading 56.9% below its estimated GF Value™ of $2.30.
GuruFocus considers Metalpha Technology Holding to be Possible Value Trap.
Key valuation signals for MATH:
5-Year ROIIC %: 231.93
GF Value™: $2.30 vs. price of $0.99 (56.9% below fair value)
Industry Position: 10442.3% above the Capital Markets median (#23 of 621)
No single metric tells the full story. See the MATH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and generates majority of its revenue from Hong Kong.
42GF Score
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