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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.
Ferrellgas Partners LP's 3-Year ROIIC % for the quarter that ended in Jul. 2025 was -28.32%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Ferrellgas Partners LP's 3-Year ROIIC % or its related term are showing as below:
FGPR's 3-Year ROIIC % is ranked worse than 75.81% of 930
companies
in the Oil & Gas industry
Industry Median: -0.085
vs FGPR: -28.32
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.
Ferrellgas Partners LP 3-Year ROIIC % Related Terms
Ferrellgas Partners LP 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Ferrellgas Partners LP'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.
FGPR vs SGU, CLNE, BDCO: 3-Year ROIIC % Comparison
For the Oil & Gas Refining & Marketing subindustry, Ferrellgas Partners LP'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.
Ferrellgas Partners LP 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ferrellgas Partners LP's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Ferrellgas Partners LP's 3-Year ROIIC % falls into.
Ferrellgas Partners LP's 3-Year ROIIC % for the quarter that ended in Jul. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 93.076 (Jul. 2025) - 236.9328605 (Jul. 2022) )
/
( 1817.897 (Jul. 2025) - 1310 (Jul. 2022) )
=
-143.8568605
/
507.897
=
-28.32%***
* 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.
Ferrellgas Partners LP (FGPR) has a 3-Year ROIIC % of -28.32 as of Jul. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Ferrellgas Partners LP and its competitors. According to the industry distribution chart, Ferrellgas Partners LP ranks #705 out of 930 companies in the Oil & Gas industry, placing it in the top 75.8%.
Is Ferrellgas Partners LP's 3-Year ROIIC % too high?
Ferrellgas Partners LP's current 3-Year ROIIC % is -28.32. Based on the distribution chart, Ferrellgas Partners LP ranks #705 out of 930 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Ferrellgas Partners LP has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ferrellgas Partners LP's 3-Year ROIIC % compare to SGU and CLNE?
According to the Oil & Gas industry distribution chart, Ferrellgas Partners LP ranks #705 out of 930 companies for 3-Year ROIIC %. This places Ferrellgas Partners LP in the lower half of its industry. 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 Ferrellgas Partners LP and its competitors. Ferrellgas Partners LP's current 3-Year ROIIC % is -28.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrellgas Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Ferrellgas Partners LP (FGPR) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.33, compared to a current price of $23.04 — trading 146.9% above its estimated fair value. The current 3-Year ROIIC % is -28.32. Ferrellgas Partners LP's overall GF Score™ is 39/100 with 7 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 Ferrellgas Partners LP (FGPR), the current 3-Year ROIIC % is -28.32 as of Jul. 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 Ferrellgas Partners LP (FGPR) Overvalued in 2026?
Based on GuruFocus' analysis, Ferrellgas Partners LP stock appears to be overvalued.
The current stock price of $23.04 is trading 146.9% above its estimated GF Value™ of $9.33.
GuruFocus considers Ferrellgas Partners LP to be Significantly Overvalued.
Key valuation signals for FGPR:
3-Year ROIIC %: -28.32
GF Value™: $9.33 vs. price of $23.04 (146.9% above fair value)
No single metric tells the full story. See the FGPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ferrellgas Partners LP distributes propane and related equipment to a wide mix of customers, including residential, commercial, agricultural, wholesale, and portable tank exchange segments. The company provides propane delivery and tank exchange services under several brands and sells related appliances, parts, and fittings. Ferrellgas operates all over the United States, the District of Columbia, and Puerto Rico, with sales concentrated in various regions across the United States. The majority of its revenue comes from the sales of Propane and other gas liquids to End Users and Resellers.
39GF Score
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