ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Teekay Tankers's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 37.86%.
As of today (2026-06-27), Teekay Tankers's WACC % is 5.25%. Teekay Tankers's ROIC % is 24.29% (calculated using TTM income statement data).
Teekay Tankers generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
Teekay Tankers (NYSE:TNK) 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, Teekay Tankers's WACC % is 5.25%. Teekay Tankers's ROIC % is 24.29% (calculated using TTM income statement data).
Teekay Tankers generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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.
Teekay Tankers ROIC % Related Terms
Teekay Tankers ROIC % Historical Data
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The historical data trend for Teekay Tankers'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 Midstream subindustry, Teekay Tankers'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.
Teekay Tankers ROIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Teekay Tankers's ROIC % distribution charts can be found below:
* The bar in red indicates where Teekay Tankers's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) 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.
Teekay Tankers (TNK) has a ROIC % of 37.86% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Teekay Tankers and its competitors.
Is Teekay Tankers' ROIC % too high?
Teekay Tankers' current ROIC % is 37.86%. The Oil & Gas industry median ROIC % is 3.63. Teekay Tankers' value of 37.86% is 943% above this industry median. Overall, Teekay Tankers has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Teekay Tankers' ROIC % compare to DHT and NGL?
Teekay Tankers' ROIC % of 37.86% can be compared against companies in the Oil & Gas industry. The industry median ROIC % is 3.63. Teekay Tankers' value of 37.86% is 943% 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 3.63, based on 997 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. Teekay Tankers's current ROIC % of 37.86% is 943% 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 Teekay Tankers and its competitors. For the Oil & Gas industry, the median ROIC % is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teekay Tankers's current ROIC % is 37.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teekay Tankers stock overvalued right now?
Based on GuruFocus' analysis, Teekay Tankers (TNK) is currently considered Significantly Overvalued. The stock's GF Value™ is $38.07, compared to a current price of $67.99 — trading 78.6% above its estimated fair value. The current ROIC % is 37.86% and 943% above the Oil & Gas industry median of 3.63. Teekay Tankers' overall GF Score™ is 59/100 with 3 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 Teekay Tankers (TNK), the current ROIC % is 37.86% 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 Teekay Tankers (TNK) Overvalued in 2026?
Based on GuruFocus' analysis, Teekay Tankers stock appears to be overvalued.
The current stock price of $67.99 is trading 78.6% above its estimated GF Value™ of $38.07.
GuruFocus considers Teekay Tankers to be Significantly Overvalued.
Key valuation signals for TNK:
ROIC %: 37.86%
GF Value™: $38.07 vs. price of $67.99 (78.6% above fair value)
Industry Position: 943% above the Oil & Gas median
No single metric tells the full story. See the TNK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Teekay Tankers Ltd is a provider of marine services to the international oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: Tankers, which consists of the operation of all of the company's tankers (including the operations from those tankers employed on full service lightering contracts), and the company's U.S. based ship-to-ship support service operations (including its lightering support services provided as part of full service lightering operations); and Marine Services, which consists of operational and maintenance marine services provided to the Australian government, Australian energy companies and other third parties. The company generates the majority of its revenue from the Tankers segment.
59GF Score
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