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.
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.
Energoprojekt Holding a.d's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -18.54%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Energoprojekt Holding a.d's 3-Year ROIIC % or its related term are showing as below:
XBEL:ENHL's 3-Year ROIIC % is ranked worse than 80.77% of 1695
companies
in the Construction industry
Industry Median: 4.63
vs XBEL:ENHL: -18.54
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.
Energoprojekt Holding a.d 3-Year ROIIC % Related Terms
Energoprojekt Holding a.d 3-Year ROIIC % Historical Data
* 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.
XBEL:ENHL vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Energoprojekt Holding a.d'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.
Energoprojekt Holding a.d 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Energoprojekt Holding a.d's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Energoprojekt Holding a.d'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.
Energoprojekt Holding a.d (XBEL:ENHL) has a 3-Year ROIIC % of -18.54 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 Energoprojekt Holding a.d and its competitors. According to the industry distribution chart, Energoprojekt Holding a.d ranks #1369 out of 1695 companies in the Construction industry, placing it in the top 80.8%.
Is Energoprojekt Holding a.d's 3-Year ROIIC % too high?
Energoprojekt Holding a.d's current 3-Year ROIIC % is -18.54. Based on the distribution chart, Energoprojekt Holding a.d ranks #1369 out of 1695 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Energoprojekt Holding a.d has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energoprojekt Holding a.d's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Energoprojekt Holding a.d ranks #1369 out of 1695 companies for 3-Year ROIIC %. This places Energoprojekt Holding a.d in the lower half of its industry. The industry median 3-Year ROIIC % is 4.63. 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 a Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, based on 1,695 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 Energoprojekt Holding a.d and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energoprojekt Holding a.d's current 3-Year ROIIC % is -18.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energoprojekt Holding a.d stock overvalued right now?
Based on GuruFocus' analysis, Energoprojekt Holding a.d (XBEL:ENHL) is currently considered Significantly Overvalued. The stock's GF Value™ is RSD299.43, compared to a current price of RSD460.00 — trading 53.6% above its estimated fair value. The current 3-Year ROIIC % is -18.54. Energoprojekt Holding a.d's overall GF Score™ is 62/100 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 Energoprojekt Holding a.d (XBEL:ENHL), the current 3-Year ROIIC % is -18.54 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 Energoprojekt Holding a.d (XBEL:ENHL) Overvalued in 2026?
Based on GuruFocus' analysis, Energoprojekt Holding a.d stock appears to be overvalued.
The current stock price of RSD460.00 is trading 53.6% above its estimated GF Value™ of RSD299.43.
GuruFocus considers Energoprojekt Holding a.d to be Significantly Overvalued.
Key valuation signals for XBEL:ENHL:
3-Year ROIIC %: -18.54
GF Value™: RSD299.43 vs. price of RSD460.00 (53.6% above fair value)
No single metric tells the full story. See the XBEL:ENHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energoprojekt Holding a.d is engaged in the design, engineering, and construction; activities. The company is involved in the segments such as Planning and Research; Construction and Fitting and Others. The firm generates the majority of its revenue from the Construction and Fitting segment. The company's geographical segments are Serbia, CIS, Europe, America, Asia, and Africa. The company derives the majority of its revenue from Serbia itself.
62GF Score
Get the complete analysis for XBEL:ENHL
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
XBEL:ENHL has been successfully added to your 
