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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.
Energizer Holdings's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was -60.89%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Energizer Holdings's 3-Year ROIIC % or its related term are showing as below:
ENR's 3-Year ROIIC % is ranked worse than 89.5% of 2934
companies
in the Industrial Products industry
Industry Median: 3.46
vs ENR: -60.89
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.
Energizer Holdings 3-Year ROIIC % Related Terms
Energizer Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Energizer Holdings'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.
For the Electrical Equipment & Parts subindustry, Energizer Holdings'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.
Energizer Holdings 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Energizer Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Energizer Holdings's 3-Year ROIIC % falls into.
Energizer Holdings's 3-Year ROIIC % for the quarter that ended in Sep. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 384.72649 (Sep. 2025) - 304.71138 (Sep. 2022) )
/
( 3679.9 (Sep. 2025) - 3811.3 (Sep. 2022) )
=
80.01511
/
-131.4
=
-60.89%***
* 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.
Energizer Holdings (ENR) has a 3-Year ROIIC % of -60.89 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Energizer Holdings and its competitors. According to the industry distribution chart, Energizer Holdings ranks #2626 out of 2934 companies in the Industrial Products industry, placing it in the top 89.5%.
Is Energizer Holdings' 3-Year ROIIC % too high?
Energizer Holdings' current 3-Year ROIIC % is -60.89. Based on the distribution chart, Energizer Holdings ranks #2626 out of 2934 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Energizer Holdings has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Energizer Holdings' 3-Year ROIIC % compare to TE and PLPC?
According to the Industrial Products industry distribution chart, Energizer Holdings ranks #2626 out of 2934 companies for 3-Year ROIIC %. This places Energizer Holdings in the lower half of its industry. The industry median 3-Year ROIIC % is 3.46. 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 Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.46, based on 2,934 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 Energizer Holdings and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energizer Holdings's current 3-Year ROIIC % is -60.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energizer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Energizer Holdings (ENR) is currently considered Possible Value Trap. The stock's GF Value™ is $31.70, compared to a current price of $21.04 — trading 33.6% below its estimated fair value. The current 3-Year ROIIC % is -60.89. Energizer Holdings' overall GF Score™ is 64/100 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 Energizer Holdings (ENR), the current 3-Year ROIIC % is -60.89 as of Sep. 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 Energizer Holdings (ENR) Overvalued in 2026?
Based on GuruFocus' analysis, Energizer Holdings stock appears to be undervalued.
The current stock price of $21.04 is trading 33.6% below its estimated GF Value™ of $31.70.
GuruFocus considers Energizer Holdings to be Possible Value Trap.
Key valuation signals for ENR:
3-Year ROIIC %: -60.89
GF Value™: $31.70 vs. price of $21.04 (33.6% below fair value)
No single metric tells the full story. See the ENR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energizer Holdings Inc. manufactures and distributes household batteries, specialty batteries, and lighting products. The company offers batteries using lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide technologies, sold under the Energizer, Rayovac, Varta, and Eveready brands across performance and premium price segments. It also provides auto care products in the appearance, fragrance, performance, and air conditioning recharge categories. Energizer operates through two geographical segments, the United States and International, with the majority of its revenue generated in the United States. It has two product segments: Batteries and Lights and Auto Care, with the Batteries and Lights segment contributing the majority of its revenue.
64GF Score
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