Turk Hava Yollari AO (IST:THYAO) 3-Year RORE % : -102.93% (As of Mar. 2026)


IST:THYAO Turk Hava Yollari AO IST:THYAO
81 GF Score
Price ₺334.00
GF Value ₺470.61
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Turk Hava Yollari AO 3-Year RORE %?

Turk Hava Yollari AO IST:THYAO +0.23% 81 3-Year RORE % is -102.93 as of Mar. 2026. GuruFocus rates IST:THYAO with a GF Score™ of 81/100 and a GF Value™ of ₺470.61 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 934 Transportation companies, Turk Hava Yollari AO ranks worse than 92.08% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Turk Hava Yollari AO's 3-Year RORE % for the quarter that ended in Mar. 2026 was -102.93%.

The industry rank for Turk Hava Yollari AO's 3-Year RORE % or its related term are showing as below:

IST:THYAO's 3-Year RORE % is ranked worse than
92.08% of 934 companies
in the Transportation industry
Industry Median: 4.385 vs IST:THYAO: -102.93

Turk Hava Yollari AO  (IST:THYAO) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Turk Hava Yollari AO 3-Year RORE % Related Terms


Turk Hava Yollari AO 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Turk Hava Yollari AO's 3-Year RORE % 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.

Turk Hava Yollari AO 3-Year RORE % Chart

Turk Hava Yollari AO Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.12 -153.31 74.57 -23.76 -112.38

Turk Hava Yollari AO Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -29.46 -31.70 -36.64 -112.38 -102.93

IST:THYAO vs DAL, UAL, LUV: 3-Year RORE % Comparison

For the Airlines subindustry, Turk Hava Yollari AO's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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.


Turk Hava Yollari AO 3-Year RORE % vs Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's 3-Year RORE % falls into.


IST:THYAO
81GF Score
Turk Hava Yollari AO IST:THYAO
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Turk Hava Yollari AO 3-Year RORE % Calculation

Turk Hava Yollari AO's 3-Year RORE % for the quarter that ended in Mar. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 6.245-121.594 )/( 118.916-6.854 )
=-115.349/112.062
=-102.93 %

* 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.

In the calculation of 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of -102.93 mean?
Turk Hava Yollari AO (IST:THYAO) has a 3-Year RORE % of -102.93 as of Mar. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Turk Hava Yollari AO and its competitors. According to the industry distribution chart, Turk Hava Yollari AO ranks #860 out of 934 companies in the Transportation industry, placing it in the top 92.1%.
Is Turk Hava Yollari AO's 3-Year RORE % too high?
Turk Hava Yollari AO's current 3-Year RORE % is -102.93. Based on the distribution chart, Turk Hava Yollari AO ranks #860 out of 934 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's 3-Year RORE % compare to DAL and UAL?
According to the Transportation industry distribution chart, Turk Hava Yollari AO ranks #860 out of 934 companies for 3-Year RORE %. This places Turk Hava Yollari AO in the lower half of its industry. The industry median 3-Year RORE % is 4.39. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for a Transportation company?
The median 3-Year RORE % among Transportation companies is 4.39, based on 934 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % 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 RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Turk Hava Yollari AO and its competitors. For the Transportation industry, the median 3-Year RORE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Hava Yollari AO's current 3-Year RORE % is -102.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Hava Yollari AO stock overvalued right now?
Based on GuruFocus' analysis, Turk Hava Yollari AO (IST:THYAO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺470.61, compared to a current price of ₺334.00 — trading 29% below its estimated fair value. The current 3-Year RORE % is -102.93. Turk Hava Yollari AO's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Turk Hava Yollari AO (IST:THYAO), the current 3-Year RORE % is -102.93 as of Mar. 2026. 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 Turk Hava Yollari AO (IST:THYAO) Overvalued in 2026?

Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued. The current stock price of ₺334.00 is trading 29% below its estimated GF Value™ of ₺470.61. GuruFocus considers Turk Hava Yollari AO to be Modestly Undervalued.

Key valuation signals for IST:THYAO:

  • 3-Year RORE %: -102.93
  • GF Value™: ₺470.61 vs. price of ₺334.00 (29% below fair value)
  • GF Score™: 81/100 with 8 warning signs

No single metric tells the full story. See the IST:THYAO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Turk Hava Yollari AO Business Description

Other Exchanges TKHVY:USATU5A:Germany
Address Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149
Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.
81GF Score

Get the complete analysis for IST:THYAO

3-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺334.00
Price
₺470.61
GF Value