Fortum OyjFOJCF 65 ROA % is 10.32% as of Mar. 2026, which is 165% above its 10-year median of 3.89. GuruFocus rates FOJCF with a GF Score™ of 65/100 and a GF Value™ of $13.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 449 Utilities - Independent Power Producers companies, Fortum Oyj ranks better than 79.96% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Fortum Oyj's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,947 Mil.
Fortum Oyj's average Total Assets over the quarter that ended in Mar. 2026 was $18,873 Mil. Therefore, Fortum Oyj's annualized ROA % for the quarter that ended in Mar. 2026 was 10.32%.
The historical rank and industry rank for Fortum Oyj's ROA % or its related term are showing as below:
FOJCF'
s ROA % Range Over the Past 10 Years
Min: -9.76 Med: 3.89 Max: 6.48
Current: 5.01
During the past 13 years, Fortum Oyj's highest ROA % was 6.48%. The lowest was -9.76%. And the median was 3.89%.
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Fortum Oyj ROA % Related Terms
Fortum Oyj ROA % Historical Data
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The historical data trend for Fortum Oyj's ROA % 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 Utilities - Renewable subindustry, Fortum Oyj's ROA %, along with its competitors' market caps and ROA % 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.
Fortum Oyj ROA % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's ROA % distribution charts can be found below:
* The bar in red indicates where Fortum Oyj's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Fortum Oyj (FOJCF) has a ROA % of 10.32% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Fortum Oyj and its competitors. This is 165% above median its historical median of 3.89. According to the industry distribution chart, Fortum Oyj ranks #90 out of 449 companies in the Utilities - Independent Power Producers industry, placing it in the top 20%.
Is Fortum Oyj's ROA % too high?
Fortum Oyj's current ROA % of 10.32% is 165% above median its 10-year median of 3.89. The Utilities - Independent Power Producers industry median ROA % is 1.20. Fortum Oyj's value of 10.32% is 760% above this industry median. Based on the distribution chart, Fortum Oyj ranks #90 out of 449 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Fortum Oyj has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's ROA % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #90 out of 449 companies for ROA %. This places Fortum Oyj in the top 20% of its industry — outperforming the majority of peers. The industry median ROA % is 1.20. Fortum Oyj's value of 10.32% is 760% above this benchmark. While the company's 10-year median is 3.89 vs. the industry median of 1.20, Fortum Oyj 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 ROA % for an Utilities - Independent Power Producers company?
The median ROA % among Utilities - Independent Power Producers companies is 1.20, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortum Oyj's current ROA % of 10.32% is 760% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Fortum Oyj and its competitors. For the Utilities - Independent Power Producers industry, the median ROA % is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current ROA % is 10.32%, which is 165% above median its own 10-year median of 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.87, compared to a current price of $22.00 — trading 58.6% above its estimated fair value. The current ROA % is 10.32%, which is 165% above median its 10-year median of 3.89 and 760% above the Utilities - Independent Power Producers industry median of 1.20. Fortum Oyj's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Fortum Oyj (FOJCF), the current ROA % is 10.32% as of Mar. 2026. 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 Fortum Oyj (FOJCF) Overvalued in 2026?
Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued.
The current stock price of $22.00 is trading 58.6% above its estimated GF Value™ of $13.87.
GuruFocus considers Fortum Oyj to be Significantly Overvalued.
Key valuation signals for FOJCF:
ROA %: 10.32% (165% above median its 10-year median of 3.89)
GF Value™: $13.87 vs. price of $22.00 (58.6% above fair value)
Industry Position: 760% above the Utilities - Independent Power Producers median (#90 of 449)
No single metric tells the full story. See the FOJCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
65GF Score
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