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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.
TL Natural Gas Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 18.80%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TL Natural Gas Holdings's 3-Year ROIIC % or its related term are showing as below:
HKSE:08536's 3-Year ROIIC % is ranked better than 74.89% of 928
companies
in the Oil & Gas industry
Industry Median: 0.175
vs HKSE:08536: 18.80
TL Natural Gas Holdings (HKSE:08536) 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.
TL Natural Gas Holdings 3-Year ROIIC % Related Terms
TL Natural Gas Holdings 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.
HKSE:08536 vs MPC, VLO, PSX: 3-Year ROIIC % Comparison
For the Oil & Gas Refining & Marketing subindustry, TL Natural Gas Holdings'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.
TL Natural Gas Holdings 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TL Natural Gas Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TL Natural Gas Holdings'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.
TL Natural Gas Holdings (HKSE:08536) has a 3-Year ROIIC % of 18.80 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 TL Natural Gas Holdings and its competitors. According to the industry distribution chart, TL Natural Gas Holdings ranks #233 out of 928 companies in the Oil & Gas industry, placing it in the top 25.1%.
Is TL Natural Gas Holdings' 3-Year ROIIC % too high?
TL Natural Gas Holdings' current 3-Year ROIIC % is 18.80. The Oil & Gas industry median 3-Year ROIIC % is 0.18. TL Natural Gas Holdings' value of 18.80 is 10642.9% above this industry median. Based on the distribution chart, TL Natural Gas Holdings ranks #233 out of 928 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, TL Natural Gas Holdings has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TL Natural Gas Holdings' 3-Year ROIIC % compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, TL Natural Gas Holdings ranks #233 out of 928 companies for 3-Year ROIIC %. This puts TL Natural Gas Holdings in the upper half of its industry. The industry median 3-Year ROIIC % is 0.18. TL Natural Gas Holdings' value of 18.80 is 10642.9% above this benchmark. 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 0.18, based on 928 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. TL Natural Gas Holdings's current 3-Year ROIIC % of 18.80 is 10642.9% 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 TL Natural Gas Holdings and its competitors. For the Oil & Gas industry, the median 3-Year ROIIC % is 0.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TL Natural Gas Holdings's current 3-Year ROIIC % is 18.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TL Natural Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, TL Natural Gas Holdings (HKSE:08536) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.26, compared to a current price of HK$0.24 — trading 6.5% below its estimated fair value. The current 3-Year ROIIC % is 18.80 and 10642.9% above the Oil & Gas industry median of 0.18. TL Natural Gas Holdings' overall GF Score™ is 52/100 with 5 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 TL Natural Gas Holdings (HKSE:08536), the current 3-Year ROIIC % is 18.80 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 TL Natural Gas Holdings (HKSE:08536) Overvalued in 2026?
Based on GuruFocus' analysis, TL Natural Gas Holdings stock appears to be undervalued.
The current stock price of HK$0.24 is trading 6.5% below its estimated GF Value™ of HK$0.26.
GuruFocus considers TL Natural Gas Holdings to be Fairly Valued.
Key valuation signals for HKSE:08536:
3-Year ROIIC %: 18.80
GF Value™: HK$0.26 vs. price of HK$0.24 (6.5% below fair value)
Industry Position: 10642.9% above the Oil & Gas median (#233 of 928)
No single metric tells the full story. See the HKSE:08536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TL Natural Gas Holdings Ltd is engaged in the sale of natural gas, including compressed natural gas and liquefied natural gas, and the provision of transmission services for natural gas. The group has two reportable segments: Sales of natural gas and Others. The Others segment includes automated car wash and fast food catering services. It generates the majority of its revenue from the Sales of natural gas segment.
52GF Score
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