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.
Santos's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -51.72%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Santos's 3-Year ROIIC % or its related term are showing as below:
STOSF's 3-Year ROIIC % is ranked worse than 83.73% of 928
companies
in the Oil & Gas industry
Industry Median: -0.195
vs STOSF: -51.72
Santos (OTCPK:STOSF) 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.
Santos 3-Year ROIIC % Related Terms
Santos 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Santos'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 E&P subindustry, Santos'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.
Santos 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Santos's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Santos's 3-Year ROIIC % falls into.
Santos'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**
=
( 811.132 (Dec. 2025) - 2356.956 (Dec. 2022) )
/
( 28576 (Dec. 2025) - 26055 (Dec. 2022) )
=
-1545.824
/
2521
=
-61.32%***
* 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.
Santos (STOSF) has a 3-Year ROIIC % of -51.72 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 Santos and its competitors. According to the industry distribution chart, Santos ranks #777 out of 928 companies in the Oil & Gas industry, placing it in the top 83.7%.
Is Santos' 3-Year ROIIC % too high?
Santos' current 3-Year ROIIC % is -51.72. Based on the distribution chart, Santos ranks #777 out of 928 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Santos has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Santos' 3-Year ROIIC % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Santos ranks #777 out of 928 companies for 3-Year ROIIC %. This places Santos in the lower 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 Santos and its competitors. Santos's current 3-Year ROIIC % is -51.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Santos stock overvalued right now?
Based on GuruFocus' analysis, Santos (STOSF) is currently considered Fairly Valued. The stock's GF Value™ is $4.41, compared to a current price of $4.64 — trading 5.2% above its estimated fair value. The current 3-Year ROIIC % is -51.72. Santos' overall GF Score™ is 76/100 with 5 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 Santos (STOSF), the current 3-Year ROIIC % is -51.72 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 Santos (STOSF) Overvalued in 2026?
Based on GuruFocus' analysis, Santos stock appears to be overvalued.
The current stock price of $4.64 is trading 5.2% above its estimated GF Value™ of $4.41.
GuruFocus considers Santos to be Fairly Valued.
Key valuation signals for STOSF:
3-Year ROIIC %: -51.72
GF Value™: $4.41 vs. price of $4.64 (5.2% above fair value)
No single metric tells the full story. See the STOSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Santos was founded in 1954. The company's name is an acronym for South Australia Northern Territory Oil Search. The first Cooper Basin gas discovery came in 1963, with initial supplies in 1969. Santos became a major enterprise, though over-reliance on the Cooper Basin, along with the Moomba field's inexorable decline, saw it struggle to maintain relevance in the first decade of the 21st century. However, the stage was set for a renaissance via conversion of coal seam gas into LNG in Queensland and conventional gas to LNG in PNG.
76GF Score
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