EAM Solar ASOSL:EAM +14.11%27 3-Year ROIIC % is 16.02 as of Dec. 2025, which is 837% above its 10-year median of 1.71. GuruFocus rates OSL:EAM with a GF Score™ of 27/100 and a GF Value™ of kr0.53 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 393 Utilities - Independent Power Producers companies, EAM Solar AS ranks better than 77.61% 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.
EAM Solar AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 16.02%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for EAM Solar AS'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.
EAM Solar AS 3-Year ROIIC % Related Terms
EAM Solar AS 3-Year ROIIC % Historical Data
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The historical data trend for EAM Solar AS'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, EAM Solar AS'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.
EAM Solar AS 3-Year ROIIC % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, EAM Solar AS's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where EAM Solar AS's 3-Year ROIIC % falls into.
EAM Solar AS'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**
=
( -5.207 (Dec. 2025) - -11.576 (Dec. 2022) )
/
( 123.602 (Dec. 2025) - 83.855 (Dec. 2022) )
=
6.369
/
39.747
=
16.02%***
* 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.
EAM Solar AS (OSL:EAM) has a 3-Year ROIIC % of 16.02 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 EAM Solar AS and its competitors. This is 837% above median its historical median of 1.71. According to the industry distribution chart, EAM Solar AS ranks #88 out of 393 companies in the Utilities - Independent Power Producers industry, placing it in the top 22.4%.
Is EAM Solar AS's 3-Year ROIIC % too high?
EAM Solar AS's current 3-Year ROIIC % of 16.02 is 837% above median its 10-year median of 1.71. The Utilities - Independent Power Producers industry median 3-Year ROIIC % is 1.37. EAM Solar AS's value of 16.02 is 1069.3% above this industry median. Based on the distribution chart, EAM Solar AS ranks #88 out of 393 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, EAM Solar AS has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EAM Solar AS's 3-Year ROIIC % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, EAM Solar AS ranks #88 out of 393 companies for 3-Year ROIIC %. This places EAM Solar AS in the top 22% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.37. EAM Solar AS's value of 16.02 is 1069.3% above this benchmark. While the company's 10-year median is 1.71 vs. the industry median of 1.37, EAM Solar AS 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 an Utilities - Independent Power Producers company?
The median 3-Year ROIIC % among Utilities - Independent Power Producers companies is 1.37, based on 393 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. EAM Solar AS's current 3-Year ROIIC % of 16.02 is 1069.3% 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 EAM Solar AS and its competitors. For the Utilities - Independent Power Producers industry, the median 3-Year ROIIC % is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EAM Solar AS's current 3-Year ROIIC % is 16.02, which is 837% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EAM Solar AS stock overvalued right now?
Based on GuruFocus' analysis, EAM Solar AS (OSL:EAM) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.53, compared to a current price of kr1.10 — trading 107.5% above its estimated fair value. The current 3-Year ROIIC % is 16.02, which is 837% above median its 10-year median of 1.71 and 1069.3% above the Utilities - Independent Power Producers industry median of 1.37. EAM Solar AS's overall GF Score™ is 27/100 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 EAM Solar AS (OSL:EAM), the current 3-Year ROIIC % is 16.02 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 EAM Solar AS (OSL:EAM) Overvalued in 2026?
Based on GuruFocus' analysis, EAM Solar AS stock appears to be overvalued.
The current stock price of kr1.10 is trading 107.5% above its estimated GF Value™ of kr0.53.
GuruFocus considers EAM Solar AS to be Significantly Overvalued.
Key valuation signals for OSL:EAM:
3-Year ROIIC %: 16.02 (837% above median its 10-year median of 1.71)
GF Value™: kr0.53 vs. price of kr1.10 (107.5% above fair value)
Industry Position: 1069.3% above the Utilities - Independent Power Producers median (#88 of 393)
No single metric tells the full story. See the OSL:EAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EAM Solar AS primary business is to own solar PV power plants and sell electricity under long-term fixed-price sales contracts, and to pursue legal proceedings to restore company values. The Company's primary assets include four solar PV power plants in Italy, in the regions of Apulia and Basilicata in Southern Italy.
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