CDUAF (Canadian Utilities) 3-Year ROIIC % : -16.75% (As of Dec. 2025)


CDUAF Canadian Utilities Ltd CDUAF
73 GF Score
Price $37.31
GF Value $26.60
Valuation Significantly Overvalued
! 14 Warning Signs
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What is Canadian Utilities 3-Year ROIIC %?

Canadian Utilities CDUAF 73 3-Year ROIIC % is -16.75 as of Dec. 2025. GuruFocus rates CDUAF with a GF Score™ of 73/100 and a GF Value™ of $26.60 (Significantly Overvalued). The stock has 14 warning signs investors should review. Among 476 Utilities - Regulated companies, Canadian Utilities ranks worse than 85.92% 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. Canadian Utilities's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -16.75%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Canadian Utilities's 3-Year ROIIC % or its related term are showing as below:

CDUAF's 3-Year ROIIC % is ranked worse than
85.92% of 476 companies
in the Utilities - Regulated industry
Industry Median: 4.07 vs CDUAF: -16.75

Canadian Utilities  (OTCPK:CDUAF) 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.


Canadian Utilities 3-Year ROIIC % Related Terms


Canadian Utilities 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Canadian Utilities'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.

Canadian Utilities 3-Year ROIIC % Chart

Canadian Utilities 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 20.11 -10.23 3.07 13.57 -16.75

Canadian Utilities Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 -16.75 0.00

CDUAF vs SRE, AES: 3-Year ROIIC % Comparison

For the Utilities - Diversified subindustry, Canadian Utilities'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.


Canadian Utilities 3-Year ROIIC % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Canadian Utilities's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Canadian Utilities's 3-Year ROIIC % falls into.


CDUAF
73GF Score
Canadian Utilities Ltd CDUAF
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canadian Utilities 3-Year ROIIC % Calculation

Canadian Utilities'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**
=( 389.0993212 (Dec. 2025) - 748.1871125 (Dec. 2022) )/( 16880.028 (Dec. 2025) - 15033.493 (Dec. 2022) )
=-359.0877913/1846.535
=-19.45%***

* 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 -16.75 mean?
Canadian Utilities (CDUAF) has a 3-Year ROIIC % of -16.75 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 Canadian Utilities and its competitors. According to the industry distribution chart, Canadian Utilities ranks #409 out of 476 companies in the Utilities - Regulated industry, placing it in the top 85.9%.
Is Canadian Utilities' 3-Year ROIIC % too high?
Canadian Utilities' current 3-Year ROIIC % is -16.75. Based on the distribution chart, Canadian Utilities ranks #409 out of 476 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Canadian Utilities has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Utilities' 3-Year ROIIC % compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Canadian Utilities ranks #409 out of 476 companies for 3-Year ROIIC %. This places Canadian Utilities in the lower half of its industry. The industry median 3-Year ROIIC % is 4.07. 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 4.07, based on 476 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 Canadian Utilities and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Utilities's current 3-Year ROIIC % is -16.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Utilities stock overvalued right now?
Based on GuruFocus' analysis, Canadian Utilities (CDUAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.60, compared to a current price of $37.31 — trading 40.3% above its estimated fair value. The current 3-Year ROIIC % is -16.75. Canadian Utilities' overall GF Score™ is 73/100 with 14 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 Canadian Utilities (CDUAF), the current 3-Year ROIIC % is -16.75 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 Canadian Utilities (CDUAF) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Utilities stock appears to be overvalued. The current stock price of $37.31 is trading 40.3% above its estimated GF Value™ of $26.60. GuruFocus considers Canadian Utilities to be Significantly Overvalued.

Key valuation signals for CDUAF:

  • 3-Year ROIIC %: -16.75
  • GF Value™: $26.60 vs. price of $37.31 (40.3% above fair value)
  • GF Score™: 73/100 with 14 warning signs

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


Canadian Utilities Business Description

Address 5302 Forand Street South West, 4th Floor, West Building, Corporate Governance & Secretarial, Calgary, AB, CAN, T3E 8B4
Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company is engaged in segments that include ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Corporate & Other. Headquartered in Calgary, Alberta, the firm mainly operates in Canada, Australia, and others. The company generates maximum revenue from Canada. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.
73GF Score

Get the complete analysis for CDUAF

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

$37.31
Price
$26.60
GF Value