Fortum OyjFOJCF 65 3-Year ROIIC % is 10.18 as of Dec. 2025, which is 86% above its 10-year median of 5.47. GuruFocus rates FOJCF with a GF Score™ of 65/100 and a GF Value™ of $13.80 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 393 Utilities - Independent Power Producers companies, Fortum Oyj ranks better than 71.76% 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.
Fortum Oyj's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 10.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Fortum Oyj'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.
Fortum Oyj 3-Year ROIIC % Related Terms
Fortum Oyj 3-Year ROIIC % Historical Data
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The historical data trend for Fortum Oyj'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 Utilities - Renewable subindustry, Fortum Oyj'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.
Fortum Oyj 3-Year ROIIC % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Fortum Oyj'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.
Fortum Oyj (FOJCF) has a 3-Year ROIIC % of 10.18 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 Fortum Oyj and its competitors. This is 86% above median its historical median of 5.47. According to the industry distribution chart, Fortum Oyj ranks #111 out of 393 companies in the Utilities - Independent Power Producers industry, placing it in the top 28.2%.
Is Fortum Oyj's 3-Year ROIIC % too high?
Fortum Oyj's current 3-Year ROIIC % of 10.18 is 86% above median its 10-year median of 5.47. The Utilities - Independent Power Producers industry median 3-Year ROIIC % is 1.37. Fortum Oyj's value of 10.18 is 643.1% above this industry median. Based on the distribution chart, Fortum Oyj ranks #111 out of 393 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Fortum Oyj has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's 3-Year ROIIC % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #111 out of 393 companies for 3-Year ROIIC %. This puts Fortum Oyj in the upper half of its industry. The industry median 3-Year ROIIC % is 1.37. Fortum Oyj's value of 10.18 is 643.1% above this benchmark. While the company's 10-year median is 5.47 vs. the industry median of 1.37, Fortum Oyj 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. Fortum Oyj's current 3-Year ROIIC % of 10.18 is 643.1% 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 Fortum Oyj 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. Fortum Oyj's current 3-Year ROIIC % is 10.18, which is 86% above median its own 10-year median of 5.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.80, compared to a current price of $22.79 — trading 65.1% above its estimated fair value. The current 3-Year ROIIC % is 10.18, which is 86% above median its 10-year median of 5.47 and 643.1% above the Utilities - Independent Power Producers industry median of 1.37. Fortum Oyj's overall GF Score™ is 65/100 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 Fortum Oyj (FOJCF), the current 3-Year ROIIC % is 10.18 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 Fortum Oyj (FOJCF) Overvalued in 2026?
Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued.
The current stock price of $22.79 is trading 65.1% above its estimated GF Value™ of $13.80.
GuruFocus considers Fortum Oyj to be Significantly Overvalued.
Key valuation signals for FOJCF:
3-Year ROIIC %: 10.18 (86% above median its 10-year median of 5.47)
GF Value™: $13.80 vs. price of $22.79 (65.1% above fair value)
Industry Position: 643.1% above the Utilities - Independent Power Producers median (#111 of 393)
No single metric tells the full story. See the FOJCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
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