Tenaz EnergyATUUF +0.80%69 3-Year ROIIC % is 0.41 as of Dec. 2025, which is 66% below its 10-year median of 1.22. GuruFocus rates ATUUF with a GF Score™ of 69/100 and a GF Value™ of $44.94 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 923 Oil & Gas companies, Tenaz Energy ranks better than 51.03% 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.
Tenaz Energy's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.41%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Tenaz Energy's 3-Year ROIIC % or its related term are showing as below:
ATUUF's 3-Year ROIIC % is ranked better than 51.03% of 923
companies
in the Oil & Gas industry
Industry Median: 0.01
vs ATUUF: 0.41
Tenaz Energy (OTCPK:ATUUF) 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.
Tenaz Energy 3-Year ROIIC % Related Terms
Tenaz Energy 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Tenaz 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.
ATUUF vs COP, EOG, FANG: 3-Year ROIIC % Comparison
For the Oil & Gas E&P subindustry, Tenaz 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.
Tenaz Energy 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tenaz Energy's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tenaz Energy's 3-Year ROIIC % falls into.
Tenaz 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**
=
( 10.078 (Dec. 2025) - 3.80278 (Dec. 2022) )
/
( 1643.912 (Dec. 2025) - 115.077 (Dec. 2022) )
=
6.27522
/
1528.835
=
0.41%***
* 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.
Tenaz Energy (ATUUF) has a 3-Year ROIIC % of 0.41 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 Tenaz Energy and its competitors. This is 66% below median its historical median of 1.22. According to the industry distribution chart, Tenaz Energy ranks #452 out of 923 companies in the Oil & Gas industry, placing it in the top 49%.
Is Tenaz Energy's 3-Year ROIIC % too high?
Tenaz Energy's current 3-Year ROIIC % of 0.41 is 66% below median its 10-year median of 1.22. The Oil & Gas industry median 3-Year ROIIC % is 0.01. Tenaz Energy's value of 0.41 is 4000% above this industry median. Based on the distribution chart, Tenaz Energy ranks #452 out of 923 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Tenaz Energy has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tenaz Energy's 3-Year ROIIC % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tenaz Energy ranks #452 out of 923 companies for 3-Year ROIIC %. This puts Tenaz Energy in the upper half of its industry. The industry median 3-Year ROIIC % is 0.01. Tenaz Energy's value of 0.41 is 4000% above this benchmark. While the company's 10-year median is 1.22 vs. the industry median of 0.01, Tenaz Energy has consistently been above the industry average. 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 Oil & Gas company?
The median 3-Year ROIIC % among Oil & Gas companies is 0.01, based on 923 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. Tenaz Energy's current 3-Year ROIIC % of 0.41 is 4000% 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 Tenaz Energy and its competitors. For the Oil & Gas industry, the median 3-Year ROIIC % is 0.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaz Energy's current 3-Year ROIIC % is 0.41, which is 66% below median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Tenaz Energy (ATUUF) is currently considered Modestly Undervalued. The stock's GF Value™ is $44.94, compared to a current price of $33.30 — trading 25.9% below its estimated fair value. The current 3-Year ROIIC % is 0.41, which is 66% below median its 10-year median of 1.22 and 4000% above the Oil & Gas industry median of 0.01. Tenaz Energy's overall GF Score™ is 69/100 with 10 warning signs 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 Tenaz Energy (ATUUF), the current 3-Year ROIIC % is 0.41 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 Tenaz Energy (ATUUF) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaz Energy stock appears to be undervalued.
The current stock price of $33.30 is trading 25.9% below its estimated GF Value™ of $44.94.
GuruFocus considers Tenaz Energy to be Modestly Undervalued.
Key valuation signals for ATUUF:
3-Year ROIIC %: 0.41 (66% below median its 10-year median of 1.22)
GF Value™: $44.94 vs. price of $33.30 (25.9% below fair value)
Industry Position: 4000% above the Oil & Gas median (#452 of 923)
No single metric tells the full story. See the ATUUF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenaz Energy Corp is an energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders. Tenaz has domestic operations in Canada along with offshore natural gas and midstream assets in the Netherlands. The group produces crude oil and natural gas from several formations within the Mannville Group at Leduc-Woodbend in central Alberta. It has two operating segments Canadian business unit and the Netherlands business unit, and it derives revenue from the sale of petroleum and natural gas products such as heavy crude oil, light crude and medium crude oil, natural gas, and natural gas liquids of which key revenue is derived from the sale of heavy crude oil.
69GF Score
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