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Zenith EnergyFRA:ZCL -4.72% 3-Year ROIIC % is -6.23 as of Mar. 2026. The stock has 6 warning signs investors should review. Among 923 Oil & Gas companies, Zenith Energy ranks worse than 59.05% 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.
Zenith Energy's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -6.23%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Zenith Energy's 3-Year ROIIC % or its related term are showing as below:
FRA:ZCL's 3-Year ROIIC % is ranked worse than 59.05% of 923
companies
in the Oil & Gas industry
Industry Median: 0.01
vs FRA:ZCL: -6.23
Zenith Energy (FRA:ZCL) 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.
Zenith Energy 3-Year ROIIC % Related Terms
Zenith Energy 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Zenith Energy'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:ZCL vs COP, EOG, FANG: 3-Year ROIIC % Comparison
For the Oil & Gas E&P subindustry, Zenith Energy'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.
Zenith Energy 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Zenith Energy's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Zenith Energy's 3-Year ROIIC % falls into.
Zenith Energy's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -3.278 (Mar. 2026) - -6.267 (Mar. 2023) )
/
( 116.289 (Mar. 2026) - 163.147 (Mar. 2023) )
=
2.989
/
-46.858
=
-6.38%***
* 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.
Zenith Energy (FRA:ZCL) has a 3-Year ROIIC % of -6.23 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Zenith Energy and its competitors. According to the industry distribution chart, Zenith Energy ranks #545 out of 923 companies in the Oil & Gas industry, placing it in the top 59%.
Is Zenith Energy's 3-Year ROIIC % too high?
Zenith Energy's current 3-Year ROIIC % is -6.23. Based on the distribution chart, Zenith Energy ranks #545 out of 923 companies in the Oil & Gas industry, which is below the industry midpoint.
How does Zenith Energy's 3-Year ROIIC % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Zenith Energy ranks #545 out of 923 companies for 3-Year ROIIC %. This places Zenith Energy 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 Zenith Energy 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. Zenith Energy's current 3-Year ROIIC % is -6.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenith Energy stock overvalued right now?
Based on GuruFocus' analysis, Zenith Energy (FRA:ZCL) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.02, compared to a current price of €0.04 — trading 102% above its estimated fair value. The current 3-Year ROIIC % is -6.23. 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 Zenith Energy (FRA:ZCL), the current 3-Year ROIIC % is -6.23 as of Mar. 2026. 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.
Zenith Energy Ltd is an international independent oil and gas company with production, exploration, and development assets in the Republic of the Congo, Italy, and Tunisia. The company's strategic focus is the development of revenue-generating oil production assets, as well as low-risk exploration activities in assets with existing production. Its segments are Italy, Tunisia and Others.
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