Transportadora de Gas del Norte (BUE:TGNO4) 3-Year ROIIC % : 62.09% (As of Dec. 2025) — 860% Above Median

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Director of Data and Quant Analytics at GuruFocus
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BUE:TGNO4 Transportadora de Gas del Norte SA BUE:TGNO4
76 GF Score
Price ARS3,520.00
GF Value ARS4,816.13
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Transportadora de Gas del Norte 3-Year ROIIC %?

Transportadora de Gas del Norte BUE:TGNO4 +2.70% 76 3-Year ROIIC % is 62.09 as of Dec. 2025, which is 860% above its 10-year median of 6.47. GuruFocus rates BUE:TGNO4 with a GF Score™ of 76/100 and a GF Value™ of ARS4,816.13 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 929 Oil & Gas companies, Transportadora de Gas del Norte ranks better than 87.73% 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. Transportadora de Gas del Norte's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 62.09%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Transportadora de Gas del Norte's 3-Year ROIIC % or its related term are showing as below:

BUE:TGNO4's 3-Year ROIIC % is ranked better than
87.73% of 929 companies
in the Oil & Gas industry
Industry Median: -0.02 vs BUE:TGNO4: 62.09

Transportadora de Gas del Norte  (BUE:TGNO4) 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.


Transportadora de Gas del Norte 3-Year ROIIC % Related Terms


Transportadora de Gas del Norte 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Transportadora de Gas del Norte'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.

Transportadora de Gas del Norte 3-Year ROIIC % Chart

Transportadora de Gas del Norte Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.72 -2.47 -4.65 18.12 62.09

Transportadora de Gas del Norte Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 62.09 0.00 0.00

BUE:TGNO4 vs WMB, EPD, KMI: 3-Year ROIIC % Comparison

For the Oil & Gas Midstream subindustry, Transportadora de Gas del Norte'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.


Transportadora de Gas del Norte 3-Year ROIIC % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Transportadora de Gas del Norte's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Transportadora de Gas del Norte's 3-Year ROIIC % falls into.


BUE:TGNO4
76GF Score
Transportadora de Gas del Norte SA BUE:TGNO4
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Transportadora de Gas del Norte 3-Year ROIIC % Calculation

Transportadora de Gas del Norte'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**
=( 170217.41202 (Dec. 2025) - -11409.823764 (Dec. 2022) )/( 1082634.079 (Dec. 2025) - 790123.279 (Dec. 2022) )
=181627.235784/292510.8
=62.09%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 62.09 mean?
Transportadora de Gas del Norte (BUE:TGNO4) has a 3-Year ROIIC % of 62.09 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 Transportadora de Gas del Norte and its competitors. This is 860% above median its historical median of 6.47. According to the industry distribution chart, Transportadora de Gas del Norte ranks #114 out of 929 companies in the Oil & Gas industry, placing it in the top 12.3%.
Is Transportadora de Gas del Norte's 3-Year ROIIC % too high?
Transportadora de Gas del Norte's current 3-Year ROIIC % of 62.09 is 860% above median its 10-year median of 6.47. Based on the distribution chart, Transportadora de Gas del Norte ranks #114 out of 929 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Transportadora de Gas del Norte has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transportadora de Gas del Norte's 3-Year ROIIC % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Transportadora de Gas del Norte ranks #114 out of 929 companies for 3-Year ROIIC %. This places Transportadora de Gas del Norte in the top 12% of its industry — outperforming the majority of peers. 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?
A good 3-Year ROIIC % depends on the Oil & Gas industry context. 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 Transportadora de Gas del Norte and its competitors. Transportadora de Gas del Norte's current 3-Year ROIIC % is 62.09, which is 860% above median its own 10-year median of 6.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transportadora de Gas del Norte stock overvalued right now?
Based on GuruFocus' analysis, Transportadora de Gas del Norte (BUE:TGNO4) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS4,816.13, compared to a current price of ARS3,520.00 — trading 26.9% below its estimated fair value. The current 3-Year ROIIC % is 62.09, which is 860% above median its 10-year median of 6.47. Transportadora de Gas del Norte's overall GF Score™ is 76/100 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 Transportadora de Gas del Norte (BUE:TGNO4), the current 3-Year ROIIC % is 62.09 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 Transportadora de Gas del Norte (BUE:TGNO4) Overvalued in 2026?

Based on GuruFocus' analysis, Transportadora de Gas del Norte stock appears to be undervalued. The current stock price of ARS3,520.00 is trading 26.9% below its estimated GF Value™ of ARS4,816.13. GuruFocus considers Transportadora de Gas del Norte to be Modestly Undervalued.

Key valuation signals for BUE:TGNO4:

  • 3-Year ROIIC %: 62.09 (860% above median its 10-year median of 6.47)
  • GF Value™: ARS4,816.13 vs. price of ARS3,520.00 (26.9% below fair value)
  • GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the BUE:TGNO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Transportadora de Gas del Norte Business Description

Industry EnergyOil & Gas
Address Avenida del Libertador, 22nd floor, Buenos Aires, ARG, 7208
Transportadora de Gas del Norte SA is an Argentina-based company. It is active in the distribution of natural gas. Its gas transportation system comprises two main pipelines: The Northern Pipeline, which begins in the province of Salta, and the Central Western Pipeline, which starts in the Province of Neuquen. The services offered by the company include Gas transportation and providing operation, maintenance, and technical assistance of third-party pipelines.
76GF Score

Get the complete analysis for BUE:TGNO4

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS3,520.00
Price
ARS4,816.13
GF Value