Enel SpAXSWX:ENEL 56 3-Year ROIIC % is -57.26 as of Dec. 2025. GuruFocus rates XSWX:ENEL with a GF Score™ of 56/100 and a GF Value™ of CHF5.90 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 478 Utilities - Regulated companies, Enel SpA ranks worse than 94.35% 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.
Enel SpA's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -57.26%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Enel SpA's 3-Year ROIIC % or its related term are showing as below:
XSWX:ENEL's 3-Year ROIIC % is ranked worse than 94.35% of 478
companies
in the Utilities - Regulated industry
Industry Median: 4.07
vs XSWX:ENEL: -57.26
Enel SpA (XSWX:ENEL) 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.
Enel SpA 3-Year ROIIC % Related Terms
Enel SpA 3-Year ROIIC % Historical Data
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The historical data trend for Enel SpA'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 Utilities - Diversified subindustry, Enel SpA'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.
Enel SpA 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Enel SpA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Enel SpA'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.
Enel SpA (XSWX:ENEL) has a 3-Year ROIIC % of -57.26 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 Enel SpA and its competitors. According to the industry distribution chart, Enel SpA ranks #451 out of 478 companies in the Utilities - Regulated industry, placing it in the top 94.4%.
Is Enel SpA's 3-Year ROIIC % too high?
Enel SpA's current 3-Year ROIIC % is -57.26. Based on the distribution chart, Enel SpA ranks #451 out of 478 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Enel SpA has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enel SpA's 3-Year ROIIC % compare to SRE?
According to the Utilities - Regulated industry distribution chart, Enel SpA ranks #451 out of 478 companies for 3-Year ROIIC %. This places Enel SpA in the lower half of its industry. The industry median 3-Year ROIIC % is 4.07. 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 Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 4.07, based on 478 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 Enel SpA and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enel SpA's current 3-Year ROIIC % is -57.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enel SpA stock overvalued right now?
Based on GuruFocus' analysis, Enel SpA (XSWX:ENEL) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF5.90, compared to a current price of CHF9.03 — trading 53.1% above its estimated fair value. The current 3-Year ROIIC % is -57.26. Enel SpA's overall GF Score™ is 56/100 with 10 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 Enel SpA (XSWX:ENEL), the current 3-Year ROIIC % is -57.26 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 Enel SpA (XSWX:ENEL) Overvalued in 2026?
Based on GuruFocus' analysis, Enel SpA stock appears to be overvalued.
The current stock price of CHF9.03 is trading 53.1% above its estimated GF Value™ of CHF5.90.
GuruFocus considers Enel SpA to be Significantly Overvalued.
Key valuation signals for XSWX:ENEL:
3-Year ROIIC %: -57.26
GF Value™: CHF5.90 vs. price of CHF9.03 (53.1% above fair value)
No single metric tells the full story. See the XSWX:ENEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 35% of the company's EBITDA is derived from its regulated networks, the rest is from generation and supply. Enel is a giant in global power generation with 81 gigawatts of capacity, of which 56 GW is renewables, including a large share of hydro.
56GF Score
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