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.
Panoro Energy ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Panoro Energy ASA's 3-Year ROIIC % or its related term are showing as below:
OSL:PEN's 3-Year ROIIC % is not ranked *
in the Oil & Gas industry.
Industry Median: 0.01 * Ranked among companies with meaningful 3-Year ROIIC % only.
Panoro Energy ASA (OSL:PEN) 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.
Panoro Energy ASA 3-Year ROIIC % Related Terms
Panoro Energy ASA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Panoro Energy ASA'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.
OSL:PEN vs COP, EOG, FANG: 3-Year ROIIC % Comparison
For the Oil & Gas E&P subindustry, Panoro Energy ASA'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.
Panoro Energy ASA 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Panoro Energy ASA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Panoro Energy ASA's 3-Year ROIIC % falls into.
Panoro Energy ASA'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**
=
( 0 (Dec. 2025) - 278.7630684 (Dec. 2022) )
/
( 6029.666 (Dec. 2025) - 4663.951 (Dec. 2022) )
=
/
1365.715
=
0.00%***
* 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.
Panoro Energy ASA (OSL:PEN) has a 3-Year ROIIC % of 0.00 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 Panoro Energy ASA and its competitors. According to the industry distribution chart, Panoro Energy ASA ranks #999999 out of 923 companies in the Oil & Gas industry.
Is Panoro Energy ASA's 3-Year ROIIC % too high?
Panoro Energy ASA's current 3-Year ROIIC % is 0.00. Based on the distribution chart, Panoro Energy ASA ranks #999999 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Panoro Energy ASA has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Panoro Energy ASA's 3-Year ROIIC % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Panoro Energy ASA ranks #999999 out of 923 companies for 3-Year ROIIC %. This places Panoro Energy ASA 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 923 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 Panoro Energy ASA 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. Panoro Energy ASA's current 3-Year ROIIC % is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panoro Energy ASA stock overvalued right now?
Based on GuruFocus' analysis, Panoro Energy ASA (OSL:PEN) is currently considered Modestly Undervalued. The stock's GF Value™ is kr32.46, compared to a current price of kr25.00 — trading 23% below its estimated fair value. The current 3-Year ROIIC % is 0.00. Panoro Energy ASA's overall GF Score™ is 92/100 with 4 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 Panoro Energy ASA (OSL:PEN), the current 3-Year ROIIC % is 0.00 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 Panoro Energy ASA (OSL:PEN) Overvalued in 2026?
Based on GuruFocus' analysis, Panoro Energy ASA stock appears to be undervalued.
The current stock price of kr25.00 is trading 23% below its estimated GF Value™ of kr32.46.
GuruFocus considers Panoro Energy ASA to be Modestly Undervalued.
Key valuation signals for OSL:PEN:
3-Year ROIIC %: 0.00
GF Value™: kr32.46 vs. price of kr25.00 (23% below fair value)
No single metric tells the full story. See the OSL:PEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Panoro Energy ASA is a Norway-based exploration and production company principally engaged in the exploration of oil and gas. The Group has five reportable segments by geographic locations in Equatorial Guinea, Gabon, Tunisia, South Africa, and Corporate and Others. The company derives maximum revenue from Gabon segment.
92GF Score
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