Taqa MoroccoCAS:TQM -0.80%73 3-Year ROIIC % is 20.54 as of Dec. 2025, which is 83% above its 10-year median of 11.23. GuruFocus rates CAS:TQM with a GF Score™ of 73/100 and a GF Value™ of MAD1,229.76 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 393 Utilities - Independent Power Producers companies, Taqa Morocco ranks better than 81.68% 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.
Taqa Morocco's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 20.54%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Taqa Morocco's 3-Year ROIIC % or its related term are showing as below:
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.
Taqa Morocco 3-Year ROIIC % Related Terms
Taqa Morocco 3-Year ROIIC % Historical Data
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The historical data trend for Taqa Morocco'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.
CAS:TQM vs CEG, VST, NRG: 3-Year ROIIC % Comparison
For the Utilities - Independent Power Producers subindustry, Taqa Morocco'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.
Taqa Morocco 3-Year ROIIC % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Taqa Morocco's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Taqa Morocco's 3-Year ROIIC % falls into.
* 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.
Taqa Morocco (CAS:TQM) has a 3-Year ROIIC % of 20.54 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 Taqa Morocco and its competitors. This is 83% above median its historical median of 11.23. According to the industry distribution chart, Taqa Morocco ranks #72 out of 393 companies in the Utilities - Independent Power Producers industry, placing it in the top 18.3%.
Is Taqa Morocco's 3-Year ROIIC % too high?
Taqa Morocco's current 3-Year ROIIC % of 20.54 is 83% above median its 10-year median of 11.23. The Utilities - Independent Power Producers industry median 3-Year ROIIC % is 1.37. Taqa Morocco's value of 20.54 is 1399.3% above this industry median. Based on the distribution chart, Taqa Morocco ranks #72 out of 393 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Taqa Morocco has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taqa Morocco's 3-Year ROIIC % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Taqa Morocco ranks #72 out of 393 companies for 3-Year ROIIC %. This places Taqa Morocco in the top 18% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.37. Taqa Morocco's value of 20.54 is 1399.3% above this benchmark. While the company's 10-year median is 11.23 vs. the industry median of 1.37, Taqa Morocco 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 - 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. Taqa Morocco's current 3-Year ROIIC % of 20.54 is 1399.3% 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 Taqa Morocco 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. Taqa Morocco's current 3-Year ROIIC % is 20.54, which is 83% above median its own 10-year median of 11.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taqa Morocco stock overvalued right now?
Based on GuruFocus' analysis, Taqa Morocco (CAS:TQM) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD1,229.76, compared to a current price of MAD1,736.00 — trading 41.2% above its estimated fair value. The current 3-Year ROIIC % is 20.54, which is 83% above median its 10-year median of 11.23 and 1399.3% above the Utilities - Independent Power Producers industry median of 1.37. Taqa Morocco's overall GF Score™ is 73/100 with 5 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 Taqa Morocco (CAS:TQM), the current 3-Year ROIIC % is 20.54 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 Taqa Morocco (CAS:TQM) Overvalued in 2026?
Based on GuruFocus' analysis, Taqa Morocco stock appears to be overvalued.
The current stock price of MAD1,736.00 is trading 41.2% above its estimated GF Value™ of MAD1,229.76.
GuruFocus considers Taqa Morocco to be Significantly Overvalued.
Key valuation signals for CAS:TQM:
3-Year ROIIC %: 20.54 (83% above median its 10-year median of 11.23)
GF Value™: MAD1,229.76 vs. price of MAD1,736.00 (41.2% above fair value)
Industry Position: 1399.3% above the Utilities - Independent Power Producers median (#72 of 393)
No single metric tells the full story. See the CAS:TQM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.
73GF Score
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