Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Oil Country TubularNSE:OILCOUNTUB -0.53%51 3-Year ROIIC % is 15.37 as of Mar. 2026, which is 81% above its 10-year median of 8.47. GuruFocus rates NSE:OILCOUNTUB with a GF Score™ of 51/100 and a GF Value™ of ₹64.95 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 923 Oil & Gas companies, Oil Country Tubular ranks better than 73.46% 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.
Oil Country Tubular's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 15.37%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Oil Country Tubular's 3-Year ROIIC % or its related term are showing as below:
NSE:OILCOUNTUB's 3-Year ROIIC % is ranked better than 73.46% of 923
companies
in the Oil & Gas industry
Industry Median: -0.33
vs NSE:OILCOUNTUB: 15.37
Oil Country Tubular (NSE:OILCOUNTUB) 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.
Oil Country Tubular 3-Year ROIIC % Related Terms
Oil Country Tubular 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Oil Country Tubular'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:OILCOUNTUB vs SLB, BKR, FTI: 3-Year ROIIC % Comparison
For the Oil & Gas Equipment & Services subindustry, Oil Country Tubular'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.
Oil Country Tubular 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil Country Tubular's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Oil Country Tubular'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.
Oil Country Tubular (NSE:OILCOUNTUB) has a 3-Year ROIIC % of 15.37 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 Oil Country Tubular and its competitors. This is 81% above median its historical median of 8.47. According to the industry distribution chart, Oil Country Tubular ranks #245 out of 923 companies in the Oil & Gas industry, placing it in the top 26.5%.
Is Oil Country Tubular's 3-Year ROIIC % too high?
Oil Country Tubular's current 3-Year ROIIC % of 15.37 is 81% above median its 10-year median of 8.47. Based on the distribution chart, Oil Country Tubular ranks #245 out of 923 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Oil Country Tubular has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil Country Tubular's 3-Year ROIIC % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Oil Country Tubular ranks #245 out of 923 companies for 3-Year ROIIC %. This puts Oil Country Tubular in the upper 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 Oil Country Tubular and its competitors. Oil Country Tubular's current 3-Year ROIIC % is 15.37, which is 81% above median its own 10-year median of 8.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil Country Tubular stock overvalued right now?
Based on GuruFocus' analysis, Oil Country Tubular (NSE:OILCOUNTUB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹64.95, compared to a current price of ₹56.10 — trading 13.6% below its estimated fair value. The current 3-Year ROIIC % is 15.37, which is 81% above median its 10-year median of 8.47. Oil Country Tubular's overall GF Score™ is 51/100 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 Oil Country Tubular (NSE:OILCOUNTUB), the current 3-Year ROIIC % is 15.37 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 Oil Country Tubular (NSE:OILCOUNTUB) Overvalued in 2026?
Based on GuruFocus' analysis, Oil Country Tubular stock appears to be undervalued.
The current stock price of ₹56.10 is trading 13.6% below its estimated GF Value™ of ₹64.95.
GuruFocus considers Oil Country Tubular to be Modestly Undervalued.
Key valuation signals for NSE:OILCOUNTUB:
3-Year ROIIC %: 15.37 (81% above median its 10-year median of 8.47)
GF Value™: ₹64.95 vs. price of ₹56.10 (13.6% below fair value)
No single metric tells the full story. See the NSE:OILCOUNTUB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil Country Tubular Ltd is an Indian firm. It is engaged in the business of manufacturing of Casing, Tubing, and Drill Pipe which are used in the Oil and Gas Sector for the drilling and exploration of Oil and Gas. Its product and service offerings are Drill Pipe, Heavy Weight Drill Pipe, Drill Collars, Kellys, Internal Plastic Coating of Drill Pipe and Tubing, and Field Inspection of Tubulars. It serves domestically and exports to Indonesia. It generates maximum revenue by providing OCTG services.
51GF Score
Get the complete analysis for NSE:OILCOUNTUB
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:OILCOUNTUB has been successfully added to your 
