eMemory Technology (ROCO:3529) 5-Year ROIIC % : 168.58% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:3529 eMemory Technology Inc ROCO:3529
98 GF Score
Price NT$2,725.00
GF Value NT$3,111.72
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is eMemory Technology 5-Year ROIIC %?

eMemory Technology ROCO:3529 +2.44% 98 5-Year ROIIC % is 168.58 as of Dec. 2025. GuruFocus rates ROCO:3529 with a GF Score™ of 98/100 and a GF Value™ of NT$3,111.72 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 916 Semiconductors companies, eMemory Technology ranks better than 96.72% on this metric.

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. eMemory Technology's 5-Year ROIIC % for the quarter that ended in Dec. 2025 was 168.58%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for eMemory Technology's 5-Year ROIIC % or its related term are showing as below:

ROCO:3529's 5-Year ROIIC % is ranked better than
96.72% of 916 companies
in the Semiconductors industry
Industry Median: 2.83 vs ROCO:3529: 168.58

eMemory Technology  (ROCO:3529) 5-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.


eMemory Technology 5-Year ROIIC % Related Terms


eMemory Technology 5-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for eMemory Technology's 5-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.

eMemory Technology 5-Year ROIIC % Chart

eMemory Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
5-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 394.90 467.52 175.18 208.76 168.58

eMemory Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
5-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 168.58 0.00

ROCO:3529 vs NVDA, AVGO, MU: 5-Year ROIIC % Comparison

For the Semiconductors subindustry, eMemory Technology'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.


eMemory Technology 5-Year ROIIC % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, eMemory Technology's 5-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where eMemory Technology's 5-Year ROIIC % falls into.


ROCO:3529
98GF Score
eMemory Technology Inc ROCO:3529
5-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

eMemory Technology 5-Year ROIIC % Calculation

eMemory Technology's 5-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

5-Year ROIIC %=5-Year Incremental Net Operating Profit After Taxes (NOPAT)**/5-Year Incremental Invested Capital**
=( 1891.5470444 (Dec. 2025) - 703.9876536 (Dec. 2020) )/( 1501.793 (Dec. 2025) - 797.33 (Dec. 2020) )
=1187.5593908/704.463
=168.58%***

* 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.

Frequently Asked Questions Learn more about 5-Year ROIIC % →
What does a 5-Year ROIIC % of 168.58 mean?
eMemory Technology (ROCO:3529) has a 5-Year ROIIC % of 168.58 as of Dec. 2025. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on eMemory Technology and its competitors. According to the industry distribution chart, eMemory Technology ranks #30 out of 916 companies in the Semiconductors industry, placing it in the top 3.3%.
Is eMemory Technology's 5-Year ROIIC % too high?
eMemory Technology's current 5-Year ROIIC % is 168.58. The Semiconductors industry median 5-Year ROIIC % is 2.83. eMemory Technology's value of 168.58 is 5856.9% above this industry median. Based on the distribution chart, eMemory Technology ranks #30 out of 916 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, eMemory Technology has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does eMemory Technology's 5-Year ROIIC % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, eMemory Technology ranks #30 out of 916 companies for 5-Year ROIIC %. This places eMemory Technology in the top 3% of its industry — outperforming the majority of peers. The industry median 5-Year ROIIC % is 2.83. eMemory Technology's value of 168.58 is 5856.9% 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 Semiconductors company?
The median 5-Year ROIIC % among Semiconductors companies is 2.83, based on 916 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. eMemory Technology's current 5-Year ROIIC % of 168.58 is 5856.9% 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 eMemory Technology and its competitors. For the Semiconductors industry, the median 5-Year ROIIC % is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. eMemory Technology's current 5-Year ROIIC % is 168.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is eMemory Technology stock overvalued right now?
Based on GuruFocus' analysis, eMemory Technology (ROCO:3529) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$3,111.72, compared to a current price of NT$2,725.00 — trading 12.4% below its estimated fair value. The current 5-Year ROIIC % is 168.58 and 5856.9% above the Semiconductors industry median of 2.83. eMemory Technology's overall GF Score™ is 98/100 with 2 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 eMemory Technology (ROCO:3529), the current 5-Year ROIIC % is 168.58 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 eMemory Technology (ROCO:3529) Overvalued in 2026?

Based on GuruFocus' analysis, eMemory Technology stock appears to be undervalued. The current stock price of NT$2,725.00 is trading 12.4% below its estimated GF Value™ of NT$3,111.72. GuruFocus considers eMemory Technology to be Modestly Undervalued.

Key valuation signals for ROCO:3529:

  • 5-Year ROIIC %: 168.58
  • GF Value™: NT$3,111.72 vs. price of NT$2,725.00 (12.4% below fair value)
  • GF Score™: 98/100 with 2 warning signs
  • Industry Position: 5856.9% above the Semiconductors median (#30 of 916)

No single metric tells the full story. See the ROCO:3529 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


eMemory Technology Business Description

Address Tai-Yuan 1st Street, No. 5, 8th Floor, Hsinchu County, Jhubei, TWN, 302082
eMemory Technology Inc is engaged in researching, developing, manufacturing, and selling embedded flash memory products. It licenses its intellectual property (IP) to semiconductor foundries, integrated device manufacturers, and design houses. The company offers comprehensive platforms of Logic NVM silicon IP, including NeoBit, NeoFuse, NeoEE, NeoMTP, EcoBit, NeoFlash, RRAM, MRAM, and NeoPUF; as well as a range of cost-effective and customized logic NVM solutions. It earns revenue in the form of royalties and income generated from the provision of technical services, out of which the majority comes from royalties. Geographically, the company generates maximum revenue from its domestic market, followed by Asia and other regions.
98GF Score

Get the complete analysis for ROCO:3529

5-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$2,725.00
Price
NT$3,111.72
GF Value