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Renova EnergiaBSP:RNEW4 +2.53%52 3-Year ROIIC % is -68.10 as of Dec. 2025. GuruFocus rates BSP:RNEW4 with a GF Score™ of 52/100 and a GF Value™ of R$1.22 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 394 Utilities - Independent Power Producers companies, Renova Energia ranks worse than 93.4% 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.
Renova Energia's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -68.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Renova Energia's 3-Year ROIIC % or its related term are showing as below:
BSP:RNEW4's 3-Year ROIIC % is ranked worse than 93.4% of 394
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.31
vs BSP:RNEW4: -68.10
Renova Energia (BSP:RNEW4) 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.
Renova Energia 3-Year ROIIC % Related Terms
Renova Energia 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Renova Energia'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.
Renova Energia 3-Year ROIIC % Competitor Comparison
For the Utilities - Renewable subindustry, Renova 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.
Renova Energia 3-Year ROIIC % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Renova Energia's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Renova Energia's 3-Year ROIIC % falls into.
Renova Energia'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**
=
( -95.498 (Dec. 2025) - -22.7006808 (Dec. 2022) )
/
( 2867.351 (Dec. 2025) - 2760.453 (Dec. 2022) )
=
-72.7973192
/
106.898
=
-68.10%***
* 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.
Renova Energia (BSP:RNEW4) has a 3-Year ROIIC % of -68.10 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 Renova Energia and its competitors. According to the industry distribution chart, Renova Energia ranks #368 out of 394 companies in the Utilities - Independent Power Producers industry, placing it in the top 93.4%.
Is Renova Energia's 3-Year ROIIC % too high?
Renova Energia's current 3-Year ROIIC % is -68.10. Based on the distribution chart, Renova Energia ranks #368 out of 394 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Renova Energia has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Renova Energia's 3-Year ROIIC % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Renova Energia ranks #368 out of 394 companies for 3-Year ROIIC %. This places Renova Energia in the lower half of its industry. The industry median 3-Year ROIIC % is 1.31. 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 1.31, based on 394 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. 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 Renova Energia and its competitors. For the Utilities - Independent Power Producers industry, the median 3-Year ROIIC % is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Renova Energia's current 3-Year ROIIC % is -68.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Renova Energia stock overvalued right now?
Based on GuruFocus' analysis, Renova Energia (BSP:RNEW4) is currently considered Possible Value Trap. The stock's GF Value™ is R$1.22, compared to a current price of R$0.81 — trading 33.6% below its estimated fair value. The current 3-Year ROIIC % is -68.10. Renova Energia's overall GF Score™ is 52/100 with 3 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 Renova Energia (BSP:RNEW4), the current 3-Year ROIIC % is -68.10 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 Renova Energia (BSP:RNEW4) Overvalued in 2026?
Based on GuruFocus' analysis, Renova Energia stock appears to be undervalued.
The current stock price of R$0.81 is trading 33.6% below its estimated GF Value™ of R$1.22.
GuruFocus considers Renova Energia to be Possible Value Trap.
Key valuation signals for BSP:RNEW4:
3-Year ROIIC %: -68.10
GF Value™: R$1.22 vs. price of R$0.81 (33.6% below fair value)
No single metric tells the full story. See the BSP:RNEW4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Renova Energia SA is a Brazilian energy company engaged in the development, implementation, and operation of power generation projects from renewable sources - wind and solar, and trading of energy and related activities. The company is generating and trading electric power in all its forms, producing fuel from natural and renewable sources, providing logistics services to environmental advisory firms, and providing advisory services for energy solutions related to the generation, trading, transmission, and other businesses. The company has operating segments, namely: Wind, Solar, Trading, and Administrative. It derives maximum revenue from the Trading segment, which is engaged in energy trading in all its forms and management of the Company's energy purchase and sale contracts.
52GF Score
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