Mainfreight (NZSE:MFT) 3-Year RORE % : 23.45% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NZSE:MFT Mainfreight Ltd NZSE:MFT
94 GF Score
Price NZ$63.82
GF Value NZ$71.14
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Mainfreight 3-Year RORE %?

Mainfreight NZSE:MFT +0.30% 94 3-Year RORE % is 23.45 as of Mar. 2026. GuruFocus rates NZSE:MFT with a GF Score™ of 94/100 and a GF Value™ of NZ$71.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 933 Transportation companies, Mainfreight ranks better than 71.28% 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. Mainfreight's 3-Year RORE % for the quarter that ended in Mar. 2026 was 23.45%.

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

NZSE:MFT's 3-Year RORE % is ranked better than
71.28% of 933 companies
in the Transportation industry
Industry Median: 4.39 vs NZSE:MFT: 23.45

Mainfreight  (NZSE:MFT) 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.


Mainfreight 3-Year RORE % Related Terms


Mainfreight 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Mainfreight'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.

Mainfreight 3-Year RORE % Chart

Mainfreight Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.03 37.74 -27.00 -39.00 23.45

Mainfreight Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 -27.00 -50.09 -39.00 -34.82 23.45

NZSE:MFT vs UPS, FDX, JBHT: 3-Year RORE % Comparison

For the Integrated Freight & Logistics subindustry, Mainfreight'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.


Mainfreight 3-Year RORE % vs Transportation Industry

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

* The bar in red indicates where Mainfreight's 3-Year RORE % falls into.


NZSE:MFT
94GF Score
Mainfreight Ltd NZSE:MFT
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mainfreight 3-Year RORE % Calculation

Mainfreight'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 )
=( 2.492-2.072 )/( 7.289-5.498 )
=0.42/1.791
=23.45 %

* 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 23.45 mean?
Mainfreight (NZSE:MFT) has a 3-Year RORE % of 23.45 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 Mainfreight and its competitors. According to the industry distribution chart, Mainfreight ranks #268 out of 933 companies in the Transportation industry, placing it in the top 28.7%.
Is Mainfreight's 3-Year RORE % too high?
Mainfreight's current 3-Year RORE % is 23.45. The Transportation industry median 3-Year RORE % is 4.39. Mainfreight's value of 23.45 is 434.2% above this industry median. Based on the distribution chart, Mainfreight ranks #268 out of 933 companies in the Transportation industry, which is above the industry midpoint. Overall, Mainfreight has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mainfreight's 3-Year RORE % compare to UPS and FDX?
According to the Transportation industry distribution chart, Mainfreight ranks #268 out of 933 companies for 3-Year RORE %. This puts Mainfreight in the upper half of its industry. The industry median 3-Year RORE % is 4.39. Mainfreight's value of 23.45 is 434.2% 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 Transportation company?
The median 3-Year RORE % among Transportation companies is 4.39, based on 933 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. Mainfreight's current 3-Year RORE % of 23.45 is 434.2% 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 Mainfreight 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. Mainfreight's current 3-Year RORE % is 23.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mainfreight stock overvalued right now?
Based on GuruFocus' analysis, Mainfreight (NZSE:MFT) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$71.14, compared to a current price of NZ$63.82 — trading 10.3% below its estimated fair value. The current 3-Year RORE % is 23.45 and 434.2% above the Transportation industry median of 4.39. Mainfreight's overall GF Score™ is 94/100 with 5 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 Mainfreight (NZSE:MFT), the current 3-Year RORE % is 23.45 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 Mainfreight (NZSE:MFT) Overvalued in 2026?

Based on GuruFocus' analysis, Mainfreight stock appears to be undervalued. The current stock price of NZ$63.82 is trading 10.3% below its estimated GF Value™ of NZ$71.14. GuruFocus considers Mainfreight to be Modestly Undervalued.

Key valuation signals for NZSE:MFT:

  • 3-Year RORE %: 23.45
  • GF Value™: NZ$71.14 vs. price of NZ$63.82 (10.3% below fair value)
  • GF Score™: 94/100 with 5 warning signs
  • Industry Position: 434.2% above the Transportation median (#268 of 933)

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


Mainfreight Business Description

Other Exchanges MFGHF:USA
Address 2 Railway Lane, Otahuhu, Auckland, NTL, NZL, 1062
Mainfreight Ltd is in the supply chain logistics business. It provides the full spectrum of warehousing, Transport, and international air and ocean freight services. Geographically, it operates businesses in New Zealand, Australia, Europe, The Americas, Asia, and others.
94GF Score

Get the complete analysis for NZSE:MFT

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

NZ$63.82
Price
NZ$71.14
GF Value