Greenfire ResourcesGFR -1.42%34 3-Year ROIIC % is 2,723.94 as of Dec. 2025, which is 95% above its 10-year median of 1,396.56. GuruFocus rates GFR with a GF Score™ of 34/100 and a GF Value™ of $3.35 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 922 Oil & Gas companies, Greenfire Resources ranks better than 99.24% 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.
Greenfire Resources's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 2,723.94%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Greenfire Resources's 3-Year ROIIC % or its related term are showing as below:
GFR's 3-Year ROIIC % is ranked better than 99.24% of 922
companies
in the Oil & Gas industry
Industry Median: 0.04
vs GFR: 2723.94
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.
Greenfire Resources 3-Year ROIIC % Related Terms
Greenfire Resources 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Greenfire Resources'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.
For the Oil & Gas E&P subindustry, Greenfire Resources'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.
Greenfire Resources 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Greenfire Resources's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Greenfire Resources's 3-Year ROIIC % falls into.
Greenfire Resources's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 36.8974803 (Dec. 2025) - 199.108 (Dec. 2022) )
/
( 837.288 (Dec. 2025) - 843.243 (Dec. 2022) )
=
-162.2105197
/
-5.9550000000002
=
2,723.94%***
* 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.
Greenfire Resources (GFR) has a 3-Year ROIIC % of 2,723.94 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 Greenfire Resources and its competitors. This is 95% above median its historical median of 1,396.56. Over the past decade, Greenfire Resources' 3-Year ROIIC % has ranged from 69.17 to 2,723.94. According to the industry distribution chart, Greenfire Resources ranks #7 out of 922 companies in the Oil & Gas industry, placing it in the top 0.8%.
Is Greenfire Resources' 3-Year ROIIC % too high?
Greenfire Resources' current 3-Year ROIIC % of 2,723.94 is 95% above median its 10-year median of 1,396.56. Over the past 10 years, this metric has ranged from a low of 69.17 to a high of 2,723.94. The Oil & Gas industry median 3-Year ROIIC % is 0.04. Greenfire Resources' value of 2,723.94 is 6809750% above this industry median. Based on the distribution chart, Greenfire Resources ranks #7 out of 922 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Greenfire Resources has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Greenfire Resources' 3-Year ROIIC % compare to TXO and REPX?
According to the Oil & Gas industry distribution chart, Greenfire Resources ranks #7 out of 922 companies for 3-Year ROIIC %. This places Greenfire Resources in the top 1% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 0.04. Greenfire Resources' value of 2,723.94 is 6809750% above this benchmark. Historically, Greenfire Resources' own 3-Year ROIIC % has ranged from 69.17 to 2,723.94 over the past decade. While the company's 10-year median is 1,396.56 vs. the industry median of 0.04, Greenfire Resources 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 Oil & Gas company?
The median 3-Year ROIIC % among Oil & Gas companies is 0.04, based on 922 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. Greenfire Resources's current 3-Year ROIIC % of 2,723.94 is 6809750% 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 Greenfire Resources and its competitors. For the Oil & Gas industry, the median 3-Year ROIIC % is 0.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greenfire Resources's current 3-Year ROIIC % is 2,723.94, which is 95% above median its own 10-year median of 1,396.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenfire Resources stock overvalued right now?
Based on GuruFocus' analysis, Greenfire Resources (GFR) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.35, compared to a current price of $5.57 — trading 66.3% above its estimated fair value. The current 3-Year ROIIC % is 2,723.94, which is 95% above median its 10-year median of 1,396.56 and 6809750% above the Oil & Gas industry median of 0.04. Greenfire Resources' overall GF Score™ is 34/100 with 4 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 Greenfire Resources (GFR), the current 3-Year ROIIC % is 2,723.94 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 Greenfire Resources (GFR) Overvalued in 2026?
Based on GuruFocus' analysis, Greenfire Resources stock appears to be overvalued.
The current stock price of $5.57 is trading 66.3% above its estimated GF Value™ of $3.35.
GuruFocus considers Greenfire Resources to be Significantly Overvalued.
Key valuation signals for GFR:
3-Year ROIIC %: 2,723.94 (95% above median its 10-year median of 1,396.56)
GF Value™: $3.35 vs. price of $5.57 (66.3% above fair value)
Industry Position: 6809750% above the Oil & Gas median (#7 of 922)
No single metric tells the full story. See the GFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo. The company has one reportable operating segment which is made up of its oil sands operations based on geographic location : Athabasca oil sands region of Alberta, Canada, nature of the products sold and integration of facilities and operations. The company is actively developing its Hangingstone Facilities using SAGD, an enhanced oil recovery extraction method.
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