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.
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.
1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Norsk Hydro ASA's 1-Year ROIIC % for the quarter that ended in Jun. 2026 was -0.69%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Norsk Hydro ASA's 1-Year ROIIC % or its related term are showing as below:
STU:NOHA's 1-Year ROIIC % is ranked better than 51.55% of 2421
companies
in the Metals & Mining industry
Industry Median: -1.82
vs STU:NOHA: -0.69
Norsk Hydro ASA (STU:NOHA) 1-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.
Norsk Hydro ASA 1-Year ROIIC % Related Terms
Norsk Hydro ASA 1-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Norsk Hydro ASA's 1-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.
For the Aluminum subindustry, Norsk Hydro ASA's 1-Year ROIIC %, along with its competitors' market caps and 1-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.
Norsk Hydro ASA 1-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Norsk Hydro ASA's 1-Year ROIIC % falls into.
Norsk Hydro ASA's 1-Year ROIIC % for the quarter that ended in Jun. 2026 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( 2493.7122 (Jun. 2026) - 2427.5826 (Jun. 2025) )
/
( 14644.414 (Jun. 2026) - 13319.433 (Jun. 2025) )
=
66.1296
/
1324.981
=
4.99%***
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-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.
Norsk Hydro ASA (STU:NOHA) has a 1-Year ROIIC % of -0.69 as of Jun. 2026. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Norsk Hydro ASA and its competitors. According to the industry distribution chart, Norsk Hydro ASA ranks #1173 out of 2421 companies in the Metals & Mining industry, placing it in the top 48.5%.
Is Norsk Hydro ASA's 1-Year ROIIC % too high?
Norsk Hydro ASA's current 1-Year ROIIC % is -0.69. Based on the distribution chart, Norsk Hydro ASA ranks #1173 out of 2421 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Norsk Hydro ASA has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norsk Hydro ASA's 1-Year ROIIC % compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Norsk Hydro ASA ranks #1173 out of 2421 companies for 1-Year ROIIC %. This puts Norsk Hydro ASA in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 1-Year ROIIC % for a Metals & Mining company?
A good 1-Year ROIIC % depends on the Metals & Mining industry context. However, 1-Year ROIIC % 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 1-Year ROIIC % mean?
A high 1-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Norsk Hydro ASA and its competitors. Norsk Hydro ASA's current 1-Year ROIIC % is -0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norsk Hydro ASA stock overvalued right now?
Based on GuruFocus' analysis, Norsk Hydro ASA (STU:NOHA) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.22, compared to a current price of €7.85 — trading 26.2% above its estimated fair value. The current 1-Year ROIIC % is -0.69. Norsk Hydro ASA's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 1-Year ROIIC % calculated?
1-Year ROIIC % is calculated from a company's financial statements. For Norsk Hydro ASA (STU:NOHA), the current 1-Year ROIIC % is -0.69 as of Jun. 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 Norsk Hydro ASA (STU:NOHA) Overvalued in 2026?
Based on GuruFocus' analysis, Norsk Hydro ASA stock appears to be overvalued.
The current stock price of €7.85 is trading 26.2% above its estimated GF Value™ of €6.22.
GuruFocus considers Norsk Hydro ASA to be Modestly Overvalued.
Key valuation signals for STU:NOHA:
1-Year ROIIC %: -0.69
GF Value™: €6.22 vs. price of €7.85 (26.2% above fair value)
No single metric tells the full story. See the STU:NOHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norsk Hydro ASA is an aluminium and renewable energy company. The company owns and operates businesses and holds investments in sustainable industries. Its operations span multiple market segments, including aluminum, energy, metal recycling, renewable energy, and batteries, providing expertise across these areas. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Energy, Hydro Aluminium Metal and Hydro Extrusions and Hydro Metal Markets activities. The majority of the company's revenue is derived from the Hydro Extrusions segment, which delivers products within extruded profiles, building systems and precision tubing, and operates several recycling facilities, both integrated with its extrusion plants and separate plants.
84GF Score
Get the complete analysis for STU:NOHA
1-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:NOHA has been successfully added to your 
