ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. PJSC RussNeft's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 7.35%.
As of today (2026-07-05), PJSC RussNeft's WACC % is 15.38%. PJSC RussNeft's ROIC % is 9.77% (calculated using TTM income statement data).
PJSC RussNeft earns returns that do not match up to its cost of capital. It will destroy value as it grows.
PJSC RussNeft (MIC:RNFT) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, PJSC RussNeft's WACC % is 15.38%. PJSC RussNeft's ROIC % is 9.77% (calculated using TTM income statement data).
PJSC RussNeft earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of 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.
PJSC RussNeft ROIC % Related Terms
PJSC RussNeft ROIC % Historical Data
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The historical data trend for PJSC RussNeft's ROIC % 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 Oil & Gas E&P subindustry, PJSC RussNeft's ROIC %, along with its competitors' market caps and ROIC % 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.
PJSC RussNeft ROIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PJSC RussNeft's ROIC % distribution charts can be found below:
* The bar in red indicates where PJSC RussNeft's ROIC % falls into.
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
PJSC RussNeft (MIC:RNFT) has a ROIC % of 7.35% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on PJSC RussNeft and its competitors.
Is PJSC RussNeft's ROIC % too high?
PJSC RussNeft's current ROIC % is 7.35%. The Oil & Gas industry median ROIC % is 3.70. PJSC RussNeft's value of 7.35% is 98.6% above this industry median. Overall, PJSC RussNeft has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PJSC RussNeft's ROIC % compare to COP and EOG?
PJSC RussNeft's ROIC % of 7.35% can be compared against companies in the Oil & Gas industry. The industry median ROIC % is 3.70. PJSC RussNeft's value of 7.35% is 98.6% 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 ROIC % for an Oil & Gas company?
The median ROIC % among Oil & Gas companies is 3.70, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJSC RussNeft's current ROIC % of 7.35% is 98.6% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on PJSC RussNeft and its competitors. For the Oil & Gas industry, the median ROIC % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC RussNeft's current ROIC % is 7.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC RussNeft stock overvalued right now?
Based on GuruFocus' analysis, PJSC RussNeft (MIC:RNFT) is currently considered Possible Value Trap. The stock's GF Value™ is ₽139.26, compared to a current price of ₽70.45 — trading 49.4% below its estimated fair value. The current ROIC % is 7.35% and 98.6% above the Oil & Gas industry median of 3.70. PJSC RussNeft's overall GF Score™ is 82/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For PJSC RussNeft (MIC:RNFT), the current ROIC % is 7.35% 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 PJSC RussNeft (MIC:RNFT) Overvalued in 2026?
Based on GuruFocus' analysis, PJSC RussNeft stock appears to be undervalued.
The current stock price of ₽70.45 is trading 49.4% below its estimated GF Value™ of ₽139.26.
GuruFocus considers PJSC RussNeft to be Possible Value Trap.
Key valuation signals for MIC:RNFT:
ROIC %: 7.35%
GF Value™: ₽139.26 vs. price of ₽70.45 (49.4% below fair value)
Industry Position: 98.6% above the Oil & Gas median
No single metric tells the full story. See the MIC:RNFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PJSC RussNeft is engaged in the exploration, development, production, and marketing of oil and gas. Its operations include oil production, gas production, exploration and reserves, and technological development. The company has activities in Moscow, Raduzhny, Tomsk, Saratov, Bryansk, Ulyanovsk, Khanty-Mansiysk, and Nizhnevartovsk. The company operates in two geographical areas: the Export and Domestic markets. It generates the majority of its revenue from the Domestic markets.
82GF Score
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