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PNE AGMIL:1PNE 54 3-Year ROIIC % is 9.65 as of Dec. 2025. GuruFocus rates MIL:1PNE with a GF Score™ of 54/100 and a GF Value™ of €25.72 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 397 Utilities - Independent Power Producers companies, PNE AG ranks better than 71.54% 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.
PNE AG's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 9.65%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for PNE AG's 3-Year ROIIC % or its related term are showing as below:
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.
PNE AG 3-Year ROIIC % Related Terms
PNE AG 3-Year ROIIC % Historical Data
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The historical data trend for PNE AG'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 Utilities - Renewable subindustry, PNE AG'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.
PNE AG 3-Year ROIIC % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, PNE AG's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where PNE AG's 3-Year ROIIC % falls into.
PNE AG'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**
=
( 30.1 (Dec. 2025) - 2.8159808 (Dec. 2022) )
/
( 1036 (Dec. 2025) - 753.173 (Dec. 2022) )
=
27.2840192
/
282.827
=
9.65%***
* 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.
PNE AG (MIL:1PNE) has a 3-Year ROIIC % of 9.65 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 PNE AG and its competitors. According to the industry distribution chart, PNE AG ranks #113 out of 397 companies in the Utilities - Independent Power Producers industry, placing it in the top 28.5%.
Is PNE AG's 3-Year ROIIC % too high?
PNE AG's current 3-Year ROIIC % is 9.65. The Utilities - Independent Power Producers industry median 3-Year ROIIC % is 1.15. PNE AG's value of 9.65 is 739.1% above this industry median. Based on the distribution chart, PNE AG ranks #113 out of 397 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, PNE AG has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PNE AG's 3-Year ROIIC % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, PNE AG ranks #113 out of 397 companies for 3-Year ROIIC %. This puts PNE AG in the upper half of its industry. The industry median 3-Year ROIIC % is 1.15. PNE AG's value of 9.65 is 739.1% 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 Utilities - Independent Power Producers company?
The median 3-Year ROIIC % among Utilities - Independent Power Producers companies is 1.15, based on 397 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. PNE AG's current 3-Year ROIIC % of 9.65 is 739.1% 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 PNE AG and its competitors. For the Utilities - Independent Power Producers industry, the median 3-Year ROIIC % is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNE AG's current 3-Year ROIIC % is 9.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNE AG stock overvalued right now?
Based on GuruFocus' analysis, PNE AG (MIL:1PNE) is currently considered Possible Value Trap. The stock's GF Value™ is €25.72, compared to a current price of €10.78 — trading 58.1% below its estimated fair value. The current 3-Year ROIIC % is 9.65 and 739.1% above the Utilities - Independent Power Producers industry median of 1.15. PNE AG's overall GF Score™ is 54/100 with 6 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 PNE AG (MIL:1PNE), the current 3-Year ROIIC % is 9.65 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 PNE AG (MIL:1PNE) Overvalued in 2026?
Based on GuruFocus' analysis, PNE AG stock appears to be undervalued.
The current stock price of €10.78 is trading 58.1% below its estimated GF Value™ of €25.72.
GuruFocus considers PNE AG to be Possible Value Trap.
Key valuation signals for MIL:1PNE:
3-Year ROIIC %: 9.65
GF Value™: €25.72 vs. price of €10.78 (58.1% below fair value)
Industry Position: 739.1% above the Utilities - Independent Power Producers median (#113 of 397)
No single metric tells the full story. See the MIL:1PNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNE AG is a developer of projects in the renewable energy sector. The company's core business is the project development as well the construction and operation of onshore and offshore wind farms. It operates in three segments: project development (project planning of wind energy and photovoltaic projects), power generation, and services (management and servicing of wind farms and PV power plants as well as revenues from transformer station usage fees). In the power generation segment, revenues were achieved by the sale of electricity from ongoing operations of wind farms and of the Silbitz biomass power station. Key revenue is generated from power generation segment.
54GF Score
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