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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Indian Energy ExchangeNSE:IEX -0.76%76 3-Year ROIIC % is 25.23 as of Mar. 2026, which is 11% above its 10-year median of 22.64. GuruFocus rates NSE:IEX with a GF Score™ of 76/100 and a GF Value™ of ₹212.88 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 659 Capital Markets companies, Indian Energy Exchange ranks better than 78.91% 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.
Indian Energy Exchange's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 25.23%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Indian Energy Exchange's 3-Year ROIIC % or its related term are showing as below:
NSE:IEX's 3-Year ROIIC % is ranked better than 78.91% of 659
companies
in the Capital Markets industry
Industry Median: 2.6
vs NSE:IEX: 25.23
Indian Energy Exchange (NSE:IEX) 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.
Indian Energy Exchange 3-Year ROIIC % Related Terms
Indian Energy Exchange 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Indian Energy Exchange'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.
NSE:IEX vs MS, GS, SCHW: 3-Year ROIIC % Comparison
For the Capital Markets subindustry, Indian Energy Exchange'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.
Indian Energy Exchange 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Indian Energy Exchange's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Indian Energy Exchange'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.
Indian Energy Exchange (NSE:IEX) has a 3-Year ROIIC % of 25.23 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Indian Energy Exchange and its competitors. This is 11% above median its historical median of 22.64. Over the past decade, Indian Energy Exchange's 3-Year ROIIC % has ranged from 15.51 to 310.19. According to the industry distribution chart, Indian Energy Exchange ranks #139 out of 659 companies in the Capital Markets industry, placing it in the top 21.1%.
Is Indian Energy Exchange's 3-Year ROIIC % too high?
Indian Energy Exchange's current 3-Year ROIIC % of 25.23 is 11% above median its 10-year median of 22.64. Over the past 10 years, this metric has ranged from a low of 15.51 to a high of 310.19. The Capital Markets industry median 3-Year ROIIC % is 2.60. Indian Energy Exchange's value of 25.23 is 870.4% above this industry median. Based on the distribution chart, Indian Energy Exchange ranks #139 out of 659 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Energy Exchange has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Energy Exchange's 3-Year ROIIC % compare to MS and GS?
According to the Capital Markets industry distribution chart, Indian Energy Exchange ranks #139 out of 659 companies for 3-Year ROIIC %. This places Indian Energy Exchange in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.60. Indian Energy Exchange's value of 25.23 is 870.4% above this benchmark. Historically, Indian Energy Exchange's own 3-Year ROIIC % has ranged from 15.51 to 310.19 over the past decade. While the company's 10-year median is 22.64 vs. the industry median of 2.60, Indian Energy Exchange 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 a Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.60, based on 659 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. Indian Energy Exchange's current 3-Year ROIIC % of 25.23 is 870.4% 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 Indian Energy Exchange and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Energy Exchange's current 3-Year ROIIC % is 25.23, which is 11% above median its own 10-year median of 22.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Energy Exchange stock overvalued right now?
Based on GuruFocus' analysis, Indian Energy Exchange (NSE:IEX) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹212.88, compared to a current price of ₹123.48 — trading 42% below its estimated fair value. The current 3-Year ROIIC % is 25.23, which is 11% above median its 10-year median of 22.64 and 870.4% above the Capital Markets industry median of 2.60. Indian Energy Exchange's overall GF Score™ is 76/100 with 1 warning sign 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 Indian Energy Exchange (NSE:IEX), the current 3-Year ROIIC % is 25.23 as of Mar. 2026. 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 Indian Energy Exchange (NSE:IEX) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Energy Exchange stock appears to be undervalued.
The current stock price of ₹123.48 is trading 42% below its estimated GF Value™ of ₹212.88.
GuruFocus considers Indian Energy Exchange to be Significantly Undervalued.
Key valuation signals for NSE:IEX:
3-Year ROIIC %: 25.23 (11% above median its 10-year median of 22.64)
GF Value™: ₹212.88 vs. price of ₹123.48 (42% below fair value)
Industry Position: 870.4% above the Capital Markets median (#139 of 659)
No single metric tells the full story. See the NSE:IEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Energy Exchange Ltd is an India-based power trading platform provider. It is a power exchange for spot trading in power/electricity, trading of Renewable Energy Certificates (REC), and Energy Saving Certificates (ESCerts). The main activity of the company is to provide an automated platform and infrastructure for carrying out trading in electricity units for the physical delivery of electricity.
76GF Score
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