Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Horizon PetroleumTSXV:HPL -6.98%20 3-Year ROIIC % is -479.29 as of Aug. 2025. GuruFocus rates TSXV:HPL with a GF Score™ of 20/100. The stock has 3 warning signs investors should review. Among 923 Oil & Gas companies, Horizon Petroleum ranks worse than 97.51% 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.
Horizon Petroleum's 3-Year ROIIC % for the quarter that ended in Aug. 2025 was -479.29%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Horizon Petroleum's 3-Year ROIIC % or its related term are showing as below:
TSXV:HPL's 3-Year ROIIC % is ranked worse than 97.51% of 923
companies
in the Oil & Gas industry
Industry Median: -0.02
vs TSXV:HPL: -479.29
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.
Horizon Petroleum 3-Year ROIIC % Related Terms
Horizon Petroleum 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Horizon Petroleum'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.
TSXV:HPL vs COP, EOG, FANG: 3-Year ROIIC % Comparison
For the Oil & Gas E&P subindustry, Horizon Petroleum'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.
Horizon Petroleum 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Petroleum's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Horizon Petroleum's 3-Year ROIIC % falls into.
Horizon Petroleum's 3-Year ROIIC % for the quarter that ended in Aug. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -3.131 (Aug. 2025) - -0.308 (Aug. 2022) )
/
( 0.699 (Aug. 2025) - 0.11 (Aug. 2022) )
=
-2.823
/
0.589
=
-479.29%***
* 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.
Horizon Petroleum (TSXV:HPL) has a 3-Year ROIIC % of -479.29 as of Aug. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Horizon Petroleum and its competitors. According to the industry distribution chart, Horizon Petroleum ranks #900 out of 923 companies in the Oil & Gas industry, placing it in the top 97.5%.
Is Horizon Petroleum's 3-Year ROIIC % too high?
Horizon Petroleum's current 3-Year ROIIC % is -479.29. Based on the distribution chart, Horizon Petroleum ranks #900 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Horizon Petroleum has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Petroleum's 3-Year ROIIC % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Petroleum ranks #900 out of 923 companies for 3-Year ROIIC %. This places Horizon Petroleum 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 Horizon Petroleum and its competitors. Horizon Petroleum's current 3-Year ROIIC % is -479.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Petroleum stock overvalued right now?
Horizon Petroleum (TSXV:HPL) has a current 3-Year ROIIC % of -479.29. The current 3-Year ROIIC % is -479.29. Horizon Petroleum's overall GF Score™ is 20/100 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 Horizon Petroleum (TSXV:HPL), the current 3-Year ROIIC % is -479.29 as of Aug. 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.
Horizon Petroleum Ltd is involved in the exploration, acquisition, and development of oil and gas properties. The current operating projects of the company are Cieszyn and Bielsko-Biala properties in Poland. Bielsko-Biala contains the large undeveloped natural gas accumulation at Lachowice. Its operation for Cieszyn concession is located in the Carpathian Foreland Basin and on trend with a number of gas fields.
20GF Score
Get the complete analysis for TSXV:HPL
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:HPL has been successfully added to your 
