Frontier EnergyASX:FHE -2.13%35 3-Year ROIIC % is 1.38 as of Dec. 2025. GuruFocus rates ASX:FHE with a GF Score™ of 35/100. The stock has 1 warning sign investors should review. Among 393 Utilities - Independent Power Producers companies, Frontier Energy ranks better than 50.38% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Frontier Energy's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.38%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Frontier Energy's 3-Year ROIIC % or its related term are showing as below:
Frontier Energy (ASX:FHE) 3-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.
Frontier Energy 3-Year ROIIC % Related Terms
Frontier Energy 3-Year ROIIC % Historical Data
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The historical data trend for Frontier Energy's 3-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.
Frontier Energy 3-Year ROIIC % Competitor Comparison
For the Utilities - Renewable subindustry, Frontier Energy's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Frontier Energy 3-Year ROIIC % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Frontier Energy's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Frontier Energy's 3-Year ROIIC % falls into.
Frontier Energy's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -4.469 (Dec. 2025) - -5.384 (Dec. 2022) )
/
( 84.544 (Dec. 2025) - 18.316 (Dec. 2022) )
=
0.915
/
66.228
=
1.38%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-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.
Frontier Energy (ASX:FHE) has a 3-Year ROIIC % of 1.38 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Frontier Energy and its competitors. According to the industry distribution chart, Frontier Energy ranks #195 out of 393 companies in the Utilities - Independent Power Producers industry, placing it in the top 49.6%.
Is Frontier Energy's 3-Year ROIIC % too high?
Frontier Energy's current 3-Year ROIIC % is 1.38. The Utilities - Independent Power Producers industry median 3-Year ROIIC % is 1.37. Frontier Energy's value of 1.38 is 0.7% above this industry median. Based on the distribution chart, Frontier Energy ranks #195 out of 393 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Frontier Energy has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Frontier Energy's 3-Year ROIIC % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Frontier Energy ranks #195 out of 393 companies for 3-Year ROIIC %. This puts Frontier Energy in the upper half of its industry. The industry median 3-Year ROIIC % is 1.37. Frontier Energy's value of 1.38 is 0.7% 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 3-Year ROIIC % for an Utilities - Independent Power Producers company?
The median 3-Year ROIIC % among Utilities - Independent Power Producers companies is 1.37, based on 393 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Frontier Energy's current 3-Year ROIIC % of 1.38 is 0.7% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Frontier Energy and its competitors. For the Utilities - Independent Power Producers industry, the median 3-Year ROIIC % is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Energy's current 3-Year ROIIC % is 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Energy stock overvalued right now?
Frontier Energy (ASX:FHE) has a current 3-Year ROIIC % of 1.38. The current 3-Year ROIIC % is 1.38 and 0.7% above the Utilities - Independent Power Producers industry median of 1.37. Frontier Energy's overall GF Score™ is 35/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Frontier Energy (ASX:FHE), the current 3-Year ROIIC % is 1.38 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.
Frontier Energy Ltd is a renewable energy company whose principal activity is the development of a large-scale integrated renewable energy facility and is involved in mineral exploration. Its project include the Waroona Renewable Energy Project and Bristol Springs Project located in Australia and the Superior Lake Zinc and Copper project in Canada.
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