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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.
Petroleo Brasileiro Petrobras's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -28.30%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
HAM:PJX's 3-Year ROIIC % is ranked worse than 75.95% of 923
companies
in the Oil & Gas industry
Industry Median: -0.02
vs HAM:PJX: -28.30
Petroleo Brasileiro Petrobras (HAM:PJX) 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.
Petroleo Brasileiro Petrobras 3-Year ROIIC % Related Terms
Petroleo Brasileiro Petrobras 3-Year ROIIC % Historical Data
* 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.
Petroleo Brasileiro Petrobras 3-Year ROIIC % Chart
For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras'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.
Petroleo Brasileiro Petrobras 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Petroleo Brasileiro Petrobras'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.
Petroleo Brasileiro Petrobras (HAM:PJX) has a 3-Year ROIIC % of -28.30 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 Petroleo Brasileiro Petrobras and its competitors. According to the industry distribution chart, Petroleo Brasileiro Petrobras ranks #701 out of 923 companies in the Oil & Gas industry, placing it in the top 75.9%.
Is Petroleo Brasileiro Petrobras' 3-Year ROIIC % too high?
Petroleo Brasileiro Petrobras' current 3-Year ROIIC % is -28.30. Based on the distribution chart, Petroleo Brasileiro Petrobras ranks #701 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Petroleo Brasileiro Petrobras has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petroleo Brasileiro Petrobras' 3-Year ROIIC % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petroleo Brasileiro Petrobras ranks #701 out of 923 companies for 3-Year ROIIC %. This places Petroleo Brasileiro Petrobras in the lower half of its industry. 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 Petroleo Brasileiro Petrobras and its competitors. Petroleo Brasileiro Petrobras's current 3-Year ROIIC % is -28.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petroleo Brasileiro Petrobras stock overvalued right now?
Based on GuruFocus' analysis, Petroleo Brasileiro Petrobras (HAM:PJX) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.06, compared to a current price of €14.05 — trading 16.5% above its estimated fair value. The current 3-Year ROIIC % is -28.30. Petroleo Brasileiro Petrobras' overall GF Score™ is 70/100 with 3 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 Petroleo Brasileiro Petrobras (HAM:PJX), the current 3-Year ROIIC % is -28.30 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 Petroleo Brasileiro Petrobras (HAM:PJX) Overvalued in 2026?
Based on GuruFocus' analysis, Petroleo Brasileiro Petrobras stock appears to be overvalued.
The current stock price of €14.05 is trading 16.5% above its estimated GF Value™ of €12.06.
GuruFocus considers Petroleo Brasileiro Petrobras to be Modestly Overvalued.
Key valuation signals for HAM:PJX:
3-Year ROIIC %: -28.30
GF Value™: €12.06 vs. price of €14.05 (16.5% above fair value)
No single metric tells the full story. See the HAM:PJX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petroleo Brasileiro Petrobras Business Description
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on the exploration and production of oil and gas in Brazilian offshore fields. Production in 2025 was 3.0 million barrels of oil equivalent per day (80% oil), and reserves stood at 12.1 billion boe (84% oil). At the end of 2025, Petrobras operated 10 refineries in Brazil with a capacity of 1.8 million barrels per day and distributed refined products and natural gas throughout the country.
70GF Score
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