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SpireFRA:LGR 53 3-Year ROIIC % is 3.81 as of Sep. 2025, which is 8% above its 10-year median of 3.54. GuruFocus rates FRA:LGR with a GF Score™ of 53/100. The stock has 7 warning signs investors should review. Among 477 Utilities - Regulated companies, Spire ranks worse than 50.1% 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.
Spire's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was 3.81%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Spire's 3-Year ROIIC % or its related term are showing as below:
FRA:LGR's 3-Year ROIIC % is ranked worse than 50.1% of 477
companies
in the Utilities - Regulated industry
Industry Median: 3.81
vs FRA:LGR: 3.81
Spire (FRA:LGR) 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.
Spire 3-Year ROIIC % Related Terms
Spire 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Spire'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:LGR vs MDU, OGS, BKH: 3-Year ROIIC % Comparison
For the Utilities - Regulated Gas subindustry, Spire'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.
Spire 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Spire's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Spire'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.
Spire (FRA:LGR) has a 3-Year ROIIC % of 3.81 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Spire and its competitors. This is near median its historical median of 3.54. Over the past decade, Spire's 3-Year ROIIC % has ranged from 1.57 to 6.87. According to the industry distribution chart, Spire ranks #239 out of 477 companies in the Utilities - Regulated industry, placing it in the top 50.1%.
Is Spire's 3-Year ROIIC % too high?
Spire's current 3-Year ROIIC % of 3.81 is near median its 10-year median of 3.54. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 6.87. The Utilities - Regulated industry median 3-Year ROIIC % is 3.81. Spire's value of 3.81 is 0% at this industry median. Based on the distribution chart, Spire ranks #239 out of 477 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Spire has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Spire's 3-Year ROIIC % compare to MDU and OGS?
According to the Utilities - Regulated industry distribution chart, Spire ranks #239 out of 477 companies for 3-Year ROIIC %. This places Spire in the lower half of its industry. The industry median 3-Year ROIIC % is 3.81. Spire's value of 3.81 is 0% at this benchmark. Historically, Spire's own 3-Year ROIIC % has ranged from 1.57 to 6.87 over the past decade. While the company's 10-year median is 3.54 vs. the industry median of 3.81, Spire has consistently been at 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 3.81, 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. Spire's current 3-Year ROIIC % of 3.81 is 0% at 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 Spire and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spire's current 3-Year ROIIC % is 3.81, which is near median its own 10-year median of 3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spire stock overvalued right now?
Spire (FRA:LGR) has a current 3-Year ROIIC % of 3.81. The current 3-Year ROIIC % is 3.81, which is near median its 10-year median of 3.54 and 0% at the Utilities - Regulated industry median of 3.81. Spire's overall GF Score™ is 53/100 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 Spire (FRA:LGR), the current 3-Year ROIIC % is 3.81 as of Sep. 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.
Spire Inc. is the holding company for Spire Missouri, Spire Alabama, other gas utilities, and gas-related businesses, focused on growing organically, investing in infrastructure, and advancing through innovation. Its three segments are Gas Utility, Gas Marketing, and Midstream. The Gas Utility segment is the core business and includes Spire Missouri, Spire Alabama, and Spire EnergySouth. The Gas Marketing segment includes Spire Marketing, which provides non-regulated natural gas services across the U.S. The Midstream segment includes Spire Storage, Spire STL Pipeline, and Spire MoGas Pipeline. The majority of revenue comes from Gas Utility.
53GF Score
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