5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year.
Eni SpA's 5-Year ROIIC % for the quarter that ended in Dec. 2025 was 12.70%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Eni SpA's 5-Year ROIIC % or its related term are showing as below:
XSWX:ENI's 5-Year ROIIC % is ranked better than 64.64% of 871
companies
in the Oil & Gas industry
Industry Median: 5.17
vs XSWX:ENI: 12.70
Eni SpA (XSWX:ENI) 5-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.
Eni SpA 5-Year ROIIC % Related Terms
Eni SpA 5-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Eni SpA's 5-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 Oil & Gas Integrated subindustry, Eni SpA's 5-Year ROIIC %, along with its competitors' market caps and 5-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.
Eni SpA 5-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Eni SpA's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Eni SpA's 5-Year ROIIC % falls into.
Eni SpA's 5-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
5-Year ROIIC %
=
5-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
5-Year Incremental Invested Capital**
=
( 2006.9133333 (Dec. 2025) - 46.473 (Dec. 2020) )
/
( 96615.26 (Dec. 2025) - 93968.295 (Dec. 2020) )
=
1960.4403333
/
2646.965
=
74.06%***
* 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 5-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.
Eni SpA (XSWX:ENI) has a 5-Year ROIIC % of 12.70 as of Dec. 2025. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Eni SpA and its competitors. According to the industry distribution chart, Eni SpA ranks #308 out of 871 companies in the Oil & Gas industry, placing it in the top 35.4%.
Is Eni SpA's 5-Year ROIIC % too high?
Eni SpA's current 5-Year ROIIC % is 12.70. The Oil & Gas industry median 5-Year ROIIC % is 5.17. Eni SpA's value of 12.70 is 145.6% above this industry median. Based on the distribution chart, Eni SpA ranks #308 out of 871 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Eni SpA has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Eni SpA's 5-Year ROIIC % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Eni SpA ranks #308 out of 871 companies for 5-Year ROIIC %. This puts Eni SpA in the upper half of its industry. The industry median 5-Year ROIIC % is 5.17. Eni SpA's value of 12.70 is 145.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for an Oil & Gas company?
The median 5-Year ROIIC % among Oil & Gas companies is 5.17, based on 871 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eni SpA's current 5-Year ROIIC % of 12.70 is 145.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Eni SpA and its competitors. For the Oil & Gas industry, the median 5-Year ROIIC % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eni SpA's current 5-Year ROIIC % is 12.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eni SpA stock overvalued right now?
Eni SpA (XSWX:ENI) has a current 5-Year ROIIC % of 12.70. The stock's GF Value™ is CHF15.91, compared to a current price of CHF21.95 — trading 38% above its estimated fair value. The current 5-Year ROIIC % is 12.70 and 145.6% above the Oil & Gas industry median of 5.17. Eni SpA's overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For Eni SpA (XSWX:ENI), the current 5-Year ROIIC % is 12.70 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 Eni SpA (XSWX:ENI) Overvalued in 2026?
Based on GuruFocus' analysis, Eni SpA stock appears to be overvalued.
The current stock price of CHF21.95 is trading 38% above its estimated GF Value™ of CHF15.91.
Key valuation signals for XSWX:ENI:
5-Year ROIIC %: 12.70
GF Value™: CHF15.91 vs. price of CHF21.95 (38% above fair value)
Industry Position: 145.6% above the Oil & Gas median (#308 of 871)
No single metric tells the full story. See the XSWX:ENI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At year-end 2025, Eni held reserves of 6.9 billion barrels of oil equivalent, 44% of which are liquids. The Italian government owns a 33.1% stake in the company. Plentitude, Eni's renewable and low-carbon business, has 5.8 gigawatts of renewable power capacity, serves 10 million electricity customers, and operates 23,000 electric vehicle charging points.
57GF Score
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