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CEZ ASFRA:CEZ -0.19%67 3-Year ROIIC % is 8.01 as of Dec. 2025, which is 203% above its 10-year median of 2.64. GuruFocus rates FRA:CEZ with a GF Score™ of 67/100 and a GF Value™ of €44.48 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 477 Utilities - Regulated companies, CEZ AS ranks better than 64.57% 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.
CEZ AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 8.01%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for CEZ AS's 3-Year ROIIC % or its related term are showing as below:
FRA:CEZ's 3-Year ROIIC % is ranked better than 64.57% of 477
companies
in the Utilities - Regulated industry
Industry Median: 4.02
vs FRA:CEZ: 8.01
CEZ AS (FRA:CEZ) 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.
CEZ AS 3-Year ROIIC % Related Terms
CEZ AS 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for CEZ AS'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.
FRA:CEZ vs NEE, SO, DUK: 3-Year ROIIC % Comparison
For the Utilities - Regulated Electric subindustry, CEZ AS'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.
CEZ AS 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CEZ AS's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where CEZ AS'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.
CEZ AS (FRA:CEZ) has a 3-Year ROIIC % of 8.01 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 CEZ AS and its competitors. This is 203% above median its historical median of 2.64. According to the industry distribution chart, CEZ AS ranks #169 out of 477 companies in the Utilities - Regulated industry, placing it in the top 35.4%.
Is CEZ AS's 3-Year ROIIC % too high?
CEZ AS's current 3-Year ROIIC % of 8.01 is 203% above median its 10-year median of 2.64. The Utilities - Regulated industry median 3-Year ROIIC % is 4.02. CEZ AS's value of 8.01 is 99.3% above this industry median. Based on the distribution chart, CEZ AS ranks #169 out of 477 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, CEZ AS has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CEZ AS's 3-Year ROIIC % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CEZ AS ranks #169 out of 477 companies for 3-Year ROIIC %. This puts CEZ AS in the upper half of its industry. The industry median 3-Year ROIIC % is 4.02. CEZ AS's value of 8.01 is 99.3% above this benchmark. While the company's 10-year median is 2.64 vs. the industry median of 4.02, CEZ AS 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 - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 4.02, based on 477 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. CEZ AS's current 3-Year ROIIC % of 8.01 is 99.3% 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 CEZ AS and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEZ AS's current 3-Year ROIIC % is 8.01, which is 203% above median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEZ AS stock overvalued right now?
Based on GuruFocus' analysis, CEZ AS (FRA:CEZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €44.48, compared to a current price of €53.15 — trading 19.5% above its estimated fair value. The current 3-Year ROIIC % is 8.01, which is 203% above median its 10-year median of 2.64 and 99.3% above the Utilities - Regulated industry median of 4.02. CEZ AS's overall GF Score™ is 67/100 with 9 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 CEZ AS (FRA:CEZ), the current 3-Year ROIIC % is 8.01 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 CEZ AS (FRA:CEZ) Overvalued in 2026?
Based on GuruFocus' analysis, CEZ AS stock appears to be overvalued.
The current stock price of €53.15 is trading 19.5% above its estimated GF Value™ of €44.48.
GuruFocus considers CEZ AS to be Modestly Overvalued.
Key valuation signals for FRA:CEZ:
3-Year ROIIC %: 8.01 (203% above median its 10-year median of 2.64)
GF Value™: €44.48 vs. price of €53.15 (19.5% above fair value)
Industry Position: 99.3% above the Utilities - Regulated median (#169 of 477)
No single metric tells the full story. See the FRA:CEZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat, coal mining, trading in commodities and provision of complex energy services, distribution, trade, and sale of natural gas, and the provision of telecommunications services. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The group operates mainly in Czechia and in Central and Western European markets.
67GF Score
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