Horizon OilFRA:HOJ 44 3-Year ROIIC % is -70.37 as of Jun. 2025. GuruFocus rates FRA:HOJ with a GF Score™ of 44/100 and a GF Value™ of €0.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 923 Oil & Gas companies, Horizon Oil ranks worse than 87.54% 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.
Horizon Oil's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was -70.37%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Horizon Oil's 3-Year ROIIC % or its related term are showing as below:
FRA:HOJ's 3-Year ROIIC % is ranked worse than 87.54% of 923
companies
in the Oil & Gas industry
Industry Median: 0.01
vs FRA:HOJ: -70.37
Horizon Oil (FRA:HOJ) 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.
Horizon Oil 3-Year ROIIC % Related Terms
Horizon Oil 3-Year ROIIC % Historical Data
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The historical data trend for Horizon Oil'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:HOJ vs COP, EOG, FANG: 3-Year ROIIC % Comparison
For the Oil & Gas E&P subindustry, Horizon Oil'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.
Horizon Oil 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Horizon Oil'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.
Horizon Oil (FRA:HOJ) has a 3-Year ROIIC % of -70.37 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Horizon Oil and its competitors. According to the industry distribution chart, Horizon Oil ranks #808 out of 923 companies in the Oil & Gas industry, placing it in the top 87.5%.
Is Horizon Oil's 3-Year ROIIC % too high?
Horizon Oil's current 3-Year ROIIC % is -70.37. Based on the distribution chart, Horizon Oil ranks #808 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Horizon Oil has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's 3-Year ROIIC % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Oil ranks #808 out of 923 companies for 3-Year ROIIC %. This places Horizon Oil in the lower half of its industry. The industry median 3-Year ROIIC % is 0.01. 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?
The median 3-Year ROIIC % among Oil & Gas companies is 0.01, based on 923 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 Horizon Oil and its competitors. For the Oil & Gas industry, the median 3-Year ROIIC % is 0.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Oil's current 3-Year ROIIC % is -70.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 32.2% above its estimated fair value. The current 3-Year ROIIC % is -70.37. Horizon Oil's overall GF Score™ is 44/100 with 6 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 Horizon Oil (FRA:HOJ), the current 3-Year ROIIC % is -70.37 as of Jun. 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 Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.12 is trading 32.2% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Significantly Overvalued.
Key valuation signals for FRA:HOJ:
3-Year ROIIC %: -70.37
GF Value™: €0.09 vs. price of €0.12 (32.2% above fair value)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
44GF Score
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