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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.
Obsidian Energy's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 159.05%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Obsidian Energy's 3-Year ROIIC % or its related term are showing as below:
TSX:OBE's 3-Year ROIIC % is ranked better than 93.07% of 924
companies
in the Oil & Gas industry
Industry Median: -0.195
vs TSX:OBE: 159.05
Obsidian Energy (TSX:OBE) 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.
Obsidian Energy 3-Year ROIIC % Related Terms
Obsidian Energy 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Obsidian Energy'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:OBE vs COP, EOG, FANG: 3-Year ROIIC % Comparison
For the Oil & Gas E&P subindustry, Obsidian Energy'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.
Obsidian Energy 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Obsidian Energy's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Obsidian Energy's 3-Year ROIIC % falls into.
Obsidian Energy'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**
=
( 39.54192 (Dec. 2025) - 618.5 (Dec. 2022) )
/
( 1777.3 (Dec. 2025) - 2141.3 (Dec. 2022) )
=
-578.95808
/
-364
=
159.05%***
* 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.
Obsidian Energy (TSX:OBE) has a 3-Year ROIIC % of 159.05 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 Obsidian Energy and its competitors. According to the industry distribution chart, Obsidian Energy ranks #64 out of 924 companies in the Oil & Gas industry, placing it in the top 6.9%.
Is Obsidian Energy's 3-Year ROIIC % too high?
Obsidian Energy's current 3-Year ROIIC % is 159.05. Based on the distribution chart, Obsidian Energy ranks #64 out of 924 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Obsidian Energy has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Obsidian Energy's 3-Year ROIIC % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Obsidian Energy ranks #64 out of 924 companies for 3-Year ROIIC %. This places Obsidian Energy in the top 7% of its industry — outperforming the majority of peers. 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 Obsidian Energy and its competitors. Obsidian Energy's current 3-Year ROIIC % is 159.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Obsidian Energy stock overvalued right now?
Based on GuruFocus' analysis, Obsidian Energy (TSX:OBE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$6.88, compared to a current price of C$14.93 — trading 117% above its estimated fair value. The current 3-Year ROIIC % is 159.05. Obsidian Energy's overall GF Score™ is 49/100 with 3 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 Obsidian Energy (TSX:OBE), the current 3-Year ROIIC % is 159.05 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 Obsidian Energy (TSX:OBE) Overvalued in 2026?
Based on GuruFocus' analysis, Obsidian Energy stock appears to be overvalued.
The current stock price of C$14.93 is trading 117% above its estimated GF Value™ of C$6.88.
GuruFocus considers Obsidian Energy to be Significantly Overvalued.
Key valuation signals for TSX:OBE:
3-Year ROIIC %: 159.05
GF Value™: C$6.88 vs. price of C$14.93 (117% above fair value)
No single metric tells the full story. See the TSX:OBE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Obsidian Energy Ltd is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development, and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Sale of Oil.
49GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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