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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.
REN-Redes Energeticas Nacionais Sgps's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -17.22%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
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.
REN-Redes Energeticas Nacionais Sgps 3-Year ROIIC % Related Terms
REN-Redes Energeticas Nacionais Sgps 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.
For the Utilities - Diversified subindustry, REN-Redes Energeticas Nacionais Sgps'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.
REN-Redes Energeticas Nacionais Sgps 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, REN-Redes Energeticas Nacionais Sgps's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where REN-Redes Energeticas Nacionais Sgps'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.
REN-Redes Energeticas Nacionais Sgps (HAM:RN4) has a 3-Year ROIIC % of -17.22 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 REN-Redes Energeticas Nacionais Sgps and its competitors. According to the industry distribution chart, REN-Redes Energeticas Nacionais Sgps ranks #411 out of 477 companies in the Utilities - Regulated industry, placing it in the top 86.2%.
Is REN-Redes Energeticas Nacionais Sgps' 3-Year ROIIC % too high?
REN-Redes Energeticas Nacionais Sgps' current 3-Year ROIIC % is -17.22. Based on the distribution chart, REN-Redes Energeticas Nacionais Sgps ranks #411 out of 477 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, REN-Redes Energeticas Nacionais Sgps has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does REN-Redes Energeticas Nacionais Sgps' 3-Year ROIIC % compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, REN-Redes Energeticas Nacionais Sgps ranks #411 out of 477 companies for 3-Year ROIIC %. This places REN-Redes Energeticas Nacionais Sgps in the lower half of its industry. The industry median 3-Year ROIIC % is 3.88. 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 3.88, 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. 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 REN-Redes Energeticas Nacionais Sgps and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. REN-Redes Energeticas Nacionais Sgps's current 3-Year ROIIC % is -17.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is REN-Redes Energeticas Nacionais Sgps stock overvalued right now?
Based on GuruFocus' analysis, REN-Redes Energeticas Nacionais Sgps (HAM:RN4) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.03, compared to a current price of €3.66 — trading 20.6% above its estimated fair value. The current 3-Year ROIIC % is -17.22. REN-Redes Energeticas Nacionais Sgps' overall GF Score™ is 84/100 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 REN-Redes Energeticas Nacionais Sgps (HAM:RN4), the current 3-Year ROIIC % is -17.22 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 REN-Redes Energeticas Nacionais Sgps (HAM:RN4) Overvalued in 2026?
Based on GuruFocus' analysis, REN-Redes Energeticas Nacionais Sgps stock appears to be overvalued.
The current stock price of €3.66 is trading 20.6% above its estimated GF Value™ of €3.03.
GuruFocus considers REN-Redes Energeticas Nacionais Sgps to be Modestly Overvalued.
Key valuation signals for HAM:RN4:
3-Year ROIIC %: -17.22
GF Value™: €3.03 vs. price of €3.66 (20.6% above fair value)
No single metric tells the full story. See the HAM:RN4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
REN-Redes Energeticas Nacionais Sgps Business Description
REN-Redes Energeticas Nacionais Sgps SA is an energy and utility company that operates as the primary concession holder for electricity transmission and natural gas transportation in Portugal. It manages the national high-voltage electricity grid, high-pressure natural gas pipelines, LNG terminal, and underground storage, focusing on energy transition, sustainability, and security of supply. The Group presently has two main business segments, Electricity and Gas, and a secondary business of Telecommunications.
84GF Score
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