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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.
INA-Industrija Nafte DD's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -5.67%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for INA-Industrija Nafte DD's 3-Year ROIIC % or its related term are showing as below:
ZAG:INA's 3-Year ROIIC % is ranked worse than 58.66% of 924
companies
in the Oil & Gas industry
Industry Median: -0.005
vs ZAG:INA: -5.67
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.
INA-Industrija Nafte DD 3-Year ROIIC % Related Terms
INA-Industrija Nafte DD 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.
ZAG:INA vs VLO, MPC, PSX: 3-Year ROIIC % Comparison
For the Oil & Gas Refining & Marketing subindustry, INA-Industrija Nafte DD'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.
INA-Industrija Nafte DD 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, INA-Industrija Nafte DD's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where INA-Industrija Nafte DD'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.
INA-Industrija Nafte DD (ZAG:INA) has a 3-Year ROIIC % of -5.67 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 INA-Industrija Nafte DD and its competitors. According to the industry distribution chart, INA-Industrija Nafte DD ranks #542 out of 924 companies in the Oil & Gas industry, placing it in the top 58.7%.
Is INA-Industrija Nafte DD's 3-Year ROIIC % too high?
INA-Industrija Nafte DD's current 3-Year ROIIC % is -5.67. Based on the distribution chart, INA-Industrija Nafte DD ranks #542 out of 924 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, INA-Industrija Nafte DD has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does INA-Industrija Nafte DD's 3-Year ROIIC % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, INA-Industrija Nafte DD ranks #542 out of 924 companies for 3-Year ROIIC %. This places INA-Industrija Nafte DD 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 INA-Industrija Nafte DD and its competitors. INA-Industrija Nafte DD's current 3-Year ROIIC % is -5.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INA-Industrija Nafte DD stock overvalued right now?
Based on GuruFocus' analysis, INA-Industrija Nafte DD (ZAG:INA) is currently considered Significantly Overvalued. The stock's GF Value™ is €357.23, compared to a current price of €500.00 — trading 40% above its estimated fair value. The current 3-Year ROIIC % is -5.67. INA-Industrija Nafte DD's overall GF Score™ is 74/100 with 7 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 INA-Industrija Nafte DD (ZAG:INA), the current 3-Year ROIIC % is -5.67 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 INA-Industrija Nafte DD (ZAG:INA) Overvalued in 2026?
Based on GuruFocus' analysis, INA-Industrija Nafte DD stock appears to be overvalued.
The current stock price of €500.00 is trading 40% above its estimated GF Value™ of €357.23.
GuruFocus considers INA-Industrija Nafte DD to be Significantly Overvalued.
Key valuation signals for ZAG:INA:
3-Year ROIIC %: -5.67
GF Value™: €357.23 vs. price of €500.00 (40% above fair value)
No single metric tells the full story. See the ZAG:INA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
INA-Industrija Nafte DD is a medium-sized European oil and gas company. It is engaged in exploration and production of oil and gas deposits, import of natural gas and sale of imported and domestically produced natural gas to industrial consumers and municipal gas distributors, refining and production of oil products through refineries located at Rijeka and Sisak, and Zagreb lubricants plants. Its segments are Exploration and Production of Oil & Gas; Refining & Marketing; Corporate and other. Exploration and Production of Oil & Gas segment include exploration, production, and selling of crude oil and natural gas. Refining & Marketing segment includes crude oil processing, wholesale of refinery products, trading, and logistics.
74GF Score
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