CamecoXSWX:CCJ -2.55%90 3-Year ROIIC % is 20.44 as of Dec. 2025, which is 22% above its 10-year median of 16.71. GuruFocus rates XSWX:CCJ with a GF Score™ of 90/100 and a GF Value™ of CHF53.75. The stock has 3 warning signs investors should review. Among 168 Other Energy Sources companies, Cameco ranks better than 82.14% 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.
Cameco's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 20.44%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Cameco's 3-Year ROIIC % or its related term are showing as below:
XSWX:CCJ's 3-Year ROIIC % is ranked better than 82.14% of 168
companies
in the Other Energy Sources industry
Industry Median: -20.045
vs XSWX:CCJ: 20.44
Cameco (XSWX:CCJ) 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.
Cameco 3-Year ROIIC % Related Terms
Cameco 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Cameco'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 Uranium subindustry, Cameco'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.
Cameco 3-Year ROIIC % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Cameco's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Cameco's 3-Year ROIIC % falls into.
Cameco'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**
=
( 272.2142725 (Dec. 2025) - 10.674 (Dec. 2022) )
/
( 4736.311 (Dec. 2025) - 4093.782 (Dec. 2022) )
=
261.5402725
/
642.529
=
40.70%***
* 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.
Cameco (XSWX:CCJ) has a 3-Year ROIIC % of 20.44 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 Cameco and its competitors. This is 22% above median its historical median of 16.71. According to the industry distribution chart, Cameco ranks #30 out of 168 companies in the Other Energy Sources industry, placing it in the top 17.9%.
Is Cameco's 3-Year ROIIC % too high?
Cameco's current 3-Year ROIIC % of 20.44 is 22% above median its 10-year median of 16.71. Based on the distribution chart, Cameco ranks #30 out of 168 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Cameco has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Cameco's 3-Year ROIIC % compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Cameco ranks #30 out of 168 companies for 3-Year ROIIC %. This places Cameco in the top 18% 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 Other Energy Sources company?
A good 3-Year ROIIC % depends on the Other Energy Sources 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 Cameco and its competitors. Cameco's current 3-Year ROIIC % is 20.44, which is 22% above median its own 10-year median of 16.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cameco stock overvalued right now?
Cameco (XSWX:CCJ) has a current 3-Year ROIIC % of 20.44. The stock's GF Value™ is CHF53.75, compared to a current price of CHF76.81 — trading 42.9% above its estimated fair value. The current 3-Year ROIIC % is 20.44, which is 22% above median its 10-year median of 16.71. Cameco's overall GF Score™ is 90/100 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 Cameco (XSWX:CCJ), the current 3-Year ROIIC % is 20.44 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 Cameco (XSWX:CCJ) Overvalued in 2026?
Based on GuruFocus' analysis, Cameco stock appears to be overvalued.
The current stock price of CHF76.81 is trading 42.9% above its estimated GF Value™ of CHF53.75.
Key valuation signals for XSWX:CCJ:
3-Year ROIIC %: 20.44 (22% above median its 10-year median of 16.71)
GF Value™: CHF53.75 vs. price of CHF76.81 (42.9% above fair value)
No single metric tells the full story. See the XSWX:CCJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.
90GF Score
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