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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.
Equatorial MaranhaoDistribuidora de Energia's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 13.69%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
BSP:EQMA3B's 3-Year ROIIC % is ranked better than 77.62% of 478
companies
in the Utilities - Regulated industry
Industry Median: 3.7
vs BSP:EQMA3B: 13.69
Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) 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.
Equatorial MaranhaoDistribuidora de Energia 3-Year ROIIC % Related Terms
Equatorial MaranhaoDistribuidora de Energia 3-Year ROIIC % Historical Data
* 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.
Equatorial MaranhaoDistribuidora de Energia 3-Year ROIIC % Chart
Equatorial MaranhaoDistribuidora de Energia Annual Data
BSP:EQMA3B vs NEE, SO, DUK: 3-Year ROIIC % Comparison
For the Utilities - Regulated Electric subindustry, Equatorial MaranhaoDistribuidora de Energia'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.
Equatorial MaranhaoDistribuidora de Energia 3-Year ROIIC % vs Utilities - Regulated Industry
* 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.
Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) has a 3-Year ROIIC % of 13.69 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 Equatorial MaranhaoDistribuidora de Energia and its competitors. This is near median its historical median of 13.65. Over the past decade, Equatorial MaranhaoDistribuidora de Energia's 3-Year ROIIC % has ranged from 0.11 to 54.09. According to the industry distribution chart, Equatorial MaranhaoDistribuidora de Energia ranks #107 out of 478 companies in the Utilities - Regulated industry, placing it in the top 22.4%.
Is Equatorial MaranhaoDistribuidora de Energia's 3-Year ROIIC % too high?
Equatorial MaranhaoDistribuidora de Energia's current 3-Year ROIIC % of 13.69 is near median its 10-year median of 13.65. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 54.09. The Utilities - Regulated industry median 3-Year ROIIC % is 3.70. Equatorial MaranhaoDistribuidora de Energia's value of 13.69 is 270% above this industry median. Based on the distribution chart, Equatorial MaranhaoDistribuidora de Energia ranks #107 out of 478 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Equatorial MaranhaoDistribuidora de Energia has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Equatorial MaranhaoDistribuidora de Energia's 3-Year ROIIC % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Equatorial MaranhaoDistribuidora de Energia ranks #107 out of 478 companies for 3-Year ROIIC %. This places Equatorial MaranhaoDistribuidora de Energia in the top 22% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.70. Equatorial MaranhaoDistribuidora de Energia's value of 13.69 is 270% above this benchmark. Historically, Equatorial MaranhaoDistribuidora de Energia's own 3-Year ROIIC % has ranged from 0.11 to 54.09 over the past decade. While the company's 10-year median is 13.65 vs. the industry median of 3.70, Equatorial MaranhaoDistribuidora de Energia 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 Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 3.70, based on 478 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. Equatorial MaranhaoDistribuidora de Energia's current 3-Year ROIIC % of 13.69 is 270% 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 Equatorial MaranhaoDistribuidora de Energia and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equatorial MaranhaoDistribuidora de Energia's current 3-Year ROIIC % is 13.69, which is near median its own 10-year median of 13.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equatorial MaranhaoDistribuidora de Energia stock overvalued right now?
Based on GuruFocus' analysis, Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) is currently considered Modestly Undervalued. The stock's GF Value™ is R$34.26, compared to a current price of R$30.00 — trading 12.4% below its estimated fair value. The current 3-Year ROIIC % is 13.69, which is near median its 10-year median of 13.65 and 270% above the Utilities - Regulated industry median of 3.70. Equatorial MaranhaoDistribuidora de Energia's overall GF Score™ is 80/100 with 6 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 Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B), the current 3-Year ROIIC % is 13.69 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 Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) Overvalued in 2026?
Based on GuruFocus' analysis, Equatorial MaranhaoDistribuidora de Energia stock appears to be undervalued.
The current stock price of R$30.00 is trading 12.4% below its estimated GF Value™ of R$34.26.
GuruFocus considers Equatorial MaranhaoDistribuidora de Energia to be Modestly Undervalued.
Key valuation signals for BSP:EQMA3B:
3-Year ROIIC %: 13.69 (near median its 10-year median of 13.65)
GF Value™: R$34.26 vs. price of R$30.00 (12.4% below fair value)
Industry Position: 270% above the Utilities - Regulated median (#107 of 478)
No single metric tells the full story. See the BSP:EQMA3B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equatorial MaranhaoDistribuidora de Energia SA develops, produces and generates electric power. The company distributes electric energy for residential, commercial, rural and industrial consumption, corporate, real estate, and public power customers in Brazil.
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