CES Energy SolutionsTSX:CEU +0.86%78 3-Year ROIIC % is 56.35 as of Dec. 2025, which is 73% above its 10-year median of 32.62. GuruFocus rates TSX:CEU with a GF Score™ of 78/100 and a GF Value™ of C$9.33 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 922 Oil & Gas companies, CES Energy Solutions ranks better than 86.44% 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.
CES Energy Solutions's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 56.35%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for CES Energy Solutions's 3-Year ROIIC % or its related term are showing as below:
TSX:CEU's 3-Year ROIIC % is ranked better than 86.44% of 922
companies
in the Oil & Gas industry
Industry Median: 0.04
vs TSX:CEU: 56.35
CES Energy Solutions (TSX:CEU) 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.
CES Energy Solutions 3-Year ROIIC % Related Terms
CES Energy Solutions 3-Year ROIIC % Historical Data
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The historical data trend for CES Energy Solutions'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.
TSX:CEU vs SLB, BKR, HAL: 3-Year ROIIC % Comparison
For the Oil & Gas Equipment & Services subindustry, CES Energy Solutions'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.
CES Energy Solutions 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CES Energy Solutions's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where CES Energy Solutions'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.
CES Energy Solutions (TSX:CEU) has a 3-Year ROIIC % of 56.35 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 CES Energy Solutions and its competitors. This is 73% above median its historical median of 32.62. According to the industry distribution chart, CES Energy Solutions ranks #125 out of 922 companies in the Oil & Gas industry, placing it in the top 13.6%.
Is CES Energy Solutions' 3-Year ROIIC % too high?
CES Energy Solutions' current 3-Year ROIIC % of 56.35 is 73% above median its 10-year median of 32.62. The Oil & Gas industry median 3-Year ROIIC % is 0.04. CES Energy Solutions' value of 56.35 is 140775% above this industry median. Based on the distribution chart, CES Energy Solutions ranks #125 out of 922 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, CES Energy Solutions has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CES Energy Solutions' 3-Year ROIIC % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CES Energy Solutions ranks #125 out of 922 companies for 3-Year ROIIC %. This places CES Energy Solutions in the top 14% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 0.04. CES Energy Solutions' value of 56.35 is 140775% above this benchmark. While the company's 10-year median is 32.62 vs. the industry median of 0.04, CES Energy Solutions 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 Oil & Gas company?
The median 3-Year ROIIC % among Oil & Gas companies is 0.04, based on 922 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. CES Energy Solutions's current 3-Year ROIIC % of 56.35 is 140775% 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 CES Energy Solutions and its competitors. For the Oil & Gas industry, the median 3-Year ROIIC % is 0.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CES Energy Solutions's current 3-Year ROIIC % is 56.35, which is 73% above median its own 10-year median of 32.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CES Energy Solutions stock overvalued right now?
Based on GuruFocus' analysis, CES Energy Solutions (TSX:CEU) is currently considered Significantly Overvalued. The stock's GF Value™ is C$9.33, compared to a current price of C$16.35 — trading 75.2% above its estimated fair value. The current 3-Year ROIIC % is 56.35, which is 73% above median its 10-year median of 32.62 and 140775% above the Oil & Gas industry median of 0.04. CES Energy Solutions' overall GF Score™ is 78/100 with 1 warning sign 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 CES Energy Solutions (TSX:CEU), the current 3-Year ROIIC % is 56.35 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 CES Energy Solutions (TSX:CEU) Overvalued in 2026?
Based on GuruFocus' analysis, CES Energy Solutions stock appears to be overvalued.
The current stock price of C$16.35 is trading 75.2% above its estimated GF Value™ of C$9.33.
GuruFocus considers CES Energy Solutions to be Significantly Overvalued.
Key valuation signals for TSX:CEU:
3-Year ROIIC %: 56.35 (73% above median its 10-year median of 32.62)
GF Value™: C$9.33 vs. price of C$16.35 (75.2% above fair value)
Industry Position: 140775% above the Oil & Gas median (#125 of 922)
No single metric tells the full story. See the TSX:CEU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CES Energy Solutions Corp business is to design, implement, and manufacture consumable fluids and specialty chemicals for the North American oil and gas industry. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.
78GF Score
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