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KeyeraFRA:K2Y +0.55%81 3-Year ROIIC % is 1.08 as of Dec. 2025, which is 81% below its 10-year median of 5.59. GuruFocus rates FRA:K2Y with a GF Score™ of 81/100 and a GF Value™ of €25.55 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 923 Oil & Gas companies, Keyera ranks better than 52.33% 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.
Keyera's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.08%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Keyera's 3-Year ROIIC % or its related term are showing as below:
FRA:K2Y's 3-Year ROIIC % is ranked better than 52.33% of 923
companies
in the Oil & Gas industry
Industry Median: -0.08
vs FRA:K2Y: 1.08
Keyera (FRA:K2Y) 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.
Keyera 3-Year ROIIC % Related Terms
Keyera 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Keyera'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:K2Y vs WMB, EPD, KMI: 3-Year ROIIC % Comparison
For the Oil & Gas Midstream subindustry, Keyera'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.
Keyera 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Keyera's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Keyera'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.
Keyera (FRA:K2Y) has a 3-Year ROIIC % of 1.08 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 Keyera and its competitors. This is 81% below median its historical median of 5.59. Over the past decade, Keyera's 3-Year ROIIC % has ranged from 0.71 to 22.99. According to the industry distribution chart, Keyera ranks #440 out of 923 companies in the Oil & Gas industry, placing it in the top 47.7%.
Is Keyera's 3-Year ROIIC % too high?
Keyera's current 3-Year ROIIC % of 1.08 is 81% below median its 10-year median of 5.59. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 22.99. Based on the distribution chart, Keyera ranks #440 out of 923 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Keyera has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keyera's 3-Year ROIIC % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Keyera ranks #440 out of 923 companies for 3-Year ROIIC %. This puts Keyera in the upper half of its industry. Historically, Keyera's own 3-Year ROIIC % has ranged from 0.71 to 22.99 over the past decade. 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 Keyera and its competitors. Keyera's current 3-Year ROIIC % is 1.08, which is 81% below median its own 10-year median of 5.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyera stock overvalued right now?
Based on GuruFocus' analysis, Keyera (FRA:K2Y) is currently considered Significantly Overvalued. The stock's GF Value™ is €25.55, compared to a current price of €36.60 — trading 43.2% above its estimated fair value. The current 3-Year ROIIC % is 1.08, which is 81% below median its 10-year median of 5.59. Keyera's overall GF Score™ is 81/100 with 11 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 Keyera (FRA:K2Y), the current 3-Year ROIIC % is 1.08 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 Keyera (FRA:K2Y) Overvalued in 2026?
Based on GuruFocus' analysis, Keyera stock appears to be overvalued.
The current stock price of €36.60 is trading 43.2% above its estimated GF Value™ of €25.55.
GuruFocus considers Keyera to be Significantly Overvalued.
Key valuation signals for FRA:K2Y:
3-Year ROIIC %: 1.08 (81% below median its 10-year median of 5.59)
GF Value™: €25.55 vs. price of €36.60 (43.2% above fair value)
No single metric tells the full story. See the FRA:K2Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keyera Corp is a midstream energy business that operates out of Alberta. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for natural gas liquids and crude oil, and the marketing of natural gas liquids, iso-octane, and crude oil. The company operates in three reportable segments namely Gathering and Processing, Liquids Infrastructure and Marketing where Liquids Infrastructure is the key revenue segment.
81GF Score
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