ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Energy Fuels's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was -11.10%.
As of today (2026-07-01), Energy Fuels's WACC % is 10.01%. Energy Fuels's ROIC % is -17.80% (calculated using TTM income statement data).
Energy Fuels earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Energy Fuels (TSX:EFR) 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, Energy Fuels's WACC % is 10.01%. Energy Fuels's ROIC % is -17.80% (calculated using TTM income statement data).
Energy Fuels 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.
Energy Fuels ROIC % Related Terms
Energy Fuels ROIC % Historical Data
* Premium members only.
The historical data trend for Energy Fuels'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 Uranium subindustry, Energy Fuels'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.
Energy Fuels ROIC % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Energy Fuels's ROIC % distribution charts can be found below:
* The bar in red indicates where Energy Fuels'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.
Energy Fuels (TSX:EFR) has a ROIC % of -11.10% 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 Energy Fuels and its competitors.
Is Energy Fuels' ROIC % too high?
Energy Fuels' current ROIC % is -11.10%. Overall, Energy Fuels has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Energy Fuels' ROIC % compare to UEC and LEU?
Energy Fuels' ROIC % of -11.10% can be compared against companies in the Other Energy Sources industry. 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 Other Energy Sources company?
A good ROIC % depends on the Other Energy Sources industry context. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Energy Fuels and its competitors. Energy Fuels's current ROIC % is -11.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Fuels stock overvalued right now?
Based on GuruFocus' analysis, Energy Fuels (TSX:EFR) is currently considered Fairly Valued. The stock's GF Value™ is C$18.87, compared to a current price of C$20.60 — trading 9.2% above its estimated fair value. The current ROIC % is -11.10%. Energy Fuels' overall GF Score™ is 82/100 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 Energy Fuels (TSX:EFR), the current ROIC % is -11.10% 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 Energy Fuels (TSX:EFR) Overvalued in 2026?
Based on GuruFocus' analysis, Energy Fuels stock appears to be overvalued.
The current stock price of C$20.60 is trading 9.2% above its estimated GF Value™ of C$18.87.
GuruFocus considers Energy Fuels to be Fairly Valued.
Key valuation signals for TSX:EFR:
ROIC %: -11.10%
GF Value™: C$18.87 vs. price of C$20.60 (9.2% above fair value)
No single metric tells the full story. See the TSX:EFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energy Fuels Inc is a critical mineral company based in the U.S. It produces several critical minerals, including uranium, vanadium, REEs (including NdPr, Dy and Tb) and HMS (including titanium and zirconium minerals). The company's project portfolio comprises uranium properties like Pinyon Plain Project, White Mesa Mill, Roca Honda Project, etc.; Heavy Minerals Sands project like Vara Mada Project, Donald Project, Bahia Project, etc.; the Nichols Ranch Project, and several other properties. The firm's reportable segments are: Uranium, REE, and HMS. Key revenue is generated from the Uranium segment, which is involved in conventional and ISR uranium extraction, recovery and sales of uranium from mineral properties, and the recycling of uranium-bearing materials generated by third parties.
82GF Score
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