Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Nokia Oyj's 3-Year RORE % for the quarter that ended in Mar. 2026 was 25.00%.
The industry rank for Nokia Oyj's 3-Year RORE % or its related term are showing as below:
LTS:0HAF's 3-Year RORE % is ranked better than 67.77% of 2383
companies
in the Hardware industry
Industry Median: 5.26
vs LTS:0HAF: 25.00
Nokia Oyj (LTS:0HAF) 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.
Nokia Oyj 3-Year RORE % Related Terms
Nokia Oyj 3-Year RORE % Historical Data
* Premium members only.
The historical data trend for Nokia Oyj'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.
LTS:0HAF vs CSCO, CIEN, MSI: 3-Year RORE % Comparison
For the Communication Equipment subindustry, Nokia Oyj'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.
Nokia Oyj 3-Year RORE % vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's 3-Year RORE % distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's 3-Year RORE % 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.
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.
Nokia Oyj (LTS:0HAF) has a 3-Year RORE % of 25.00 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 Nokia Oyj and its competitors. According to the industry distribution chart, Nokia Oyj ranks #768 out of 2383 companies in the Hardware industry, placing it in the top 32.2%.
Is Nokia Oyj's 3-Year RORE % too high?
Nokia Oyj's current 3-Year RORE % is 25.00. The Hardware industry median 3-Year RORE % is 5.26. Nokia Oyj's value of 25.00 is 375.3% above this industry median. Based on the distribution chart, Nokia Oyj ranks #768 out of 2383 companies in the Hardware industry, which is above the industry midpoint. Overall, Nokia Oyj has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's 3-Year RORE % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Nokia Oyj ranks #768 out of 2383 companies for 3-Year RORE %. This puts Nokia Oyj in the upper half of its industry. The industry median 3-Year RORE % is 5.26. Nokia Oyj's value of 25.00 is 375.3% 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 3-Year RORE % for a Hardware company?
The median 3-Year RORE % among Hardware companies is 5.26, based on 2,383 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. Nokia Oyj's current 3-Year RORE % of 25.00 is 375.3% 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 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 Nokia Oyj and its competitors. For the Hardware industry, the median 3-Year RORE % is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokia Oyj's current 3-Year RORE % is 25.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokia Oyj stock overvalued right now?
Based on GuruFocus' analysis, Nokia Oyj (LTS:0HAF) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.26, compared to a current price of €10.27 — trading 141% above its estimated fair value. The current 3-Year RORE % is 25.00 and 375.3% above the Hardware industry median of 5.26. Nokia Oyj's overall GF Score™ is 59/100 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 RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Nokia Oyj (LTS:0HAF), the current 3-Year RORE % is 25.00 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 Nokia Oyj (LTS:0HAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued.
The current stock price of €10.27 is trading 141% above its estimated GF Value™ of €4.26.
GuruFocus considers Nokia Oyj to be Significantly Overvalued.
Key valuation signals for LTS:0HAF:
3-Year RORE %: 25.00
GF Value™: €4.26 vs. price of €10.27 (141% above fair value)
Industry Position: 375.3% above the Hardware median (#768 of 2383)
No single metric tells the full story. See the LTS:0HAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. The firm operates three segments. The mobile infrastructure segment sells equipment and software used to operate the core of carrier and enterprise wireless networks. Network infrastructure comprises IP, optical, and fixed-network equipment, including switching and routing equipment, optical components, and devices used in fiber-to-the-premises networks. The portfolio business comprises businesses considered noncore to Nokia in the future, including fixed wireless access customer premises equipment, enterprise campus edge, and microwave radio.
59GF Score
Get the complete analysis for LTS:0HAF
3-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0HAF has been successfully added to your 
