Neste OYJNTOIF 74 3-Year ROIIC % is -152.36 as of Dec. 2025. GuruFocus rates NTOIF with a GF Score™ of 74/100 and a GF Value™ of $20.92 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 925 Oil & Gas companies, Neste OYJ ranks worse than 92.54% 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.
Neste OYJ's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -152.36%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Neste OYJ's 3-Year ROIIC % or its related term are showing as below:
NTOIF's 3-Year ROIIC % is ranked worse than 92.54% of 925
companies
in the Oil & Gas industry
Industry Median: 0.01
vs NTOIF: -152.36
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.
Neste OYJ 3-Year ROIIC % Related Terms
Neste OYJ 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Neste OYJ'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 Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.
Neste OYJ 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Neste OYJ's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Neste OYJ'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.
Neste OYJ (NTOIF) has a 3-Year ROIIC % of -152.36 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 Neste OYJ and its competitors. According to the industry distribution chart, Neste OYJ ranks #856 out of 925 companies in the Oil & Gas industry, placing it in the top 92.5%.
Is Neste OYJ's 3-Year ROIIC % too high?
Neste OYJ's current 3-Year ROIIC % is -152.36. Based on the distribution chart, Neste OYJ ranks #856 out of 925 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Neste OYJ has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neste OYJ's 3-Year ROIIC % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Neste OYJ ranks #856 out of 925 companies for 3-Year ROIIC %. This places Neste OYJ in the lower half of its industry. The industry median 3-Year ROIIC % is 0.01. 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 0.01, based on 925 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 Neste OYJ and its competitors. For the Oil & Gas industry, the median 3-Year ROIIC % is 0.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neste OYJ's current 3-Year ROIIC % is -152.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neste OYJ stock overvalued right now?
Based on GuruFocus' analysis, Neste OYJ (NTOIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.92, compared to a current price of $32.00 — trading 53% above its estimated fair value. The current 3-Year ROIIC % is -152.36. Neste OYJ's overall GF Score™ is 74/100 with 9 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 Neste OYJ (NTOIF), the current 3-Year ROIIC % is -152.36 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 Neste OYJ (NTOIF) Overvalued in 2026?
Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued.
The current stock price of $32.00 is trading 53% above its estimated GF Value™ of $20.92.
GuruFocus considers Neste OYJ to be Significantly Overvalued.
Key valuation signals for NTOIF:
3-Year ROIIC %: -152.36
GF Value™: $20.92 vs. price of $32.00 (53% above fair value)
No single metric tells the full story. See the NTOIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
74GF Score
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