Var Energi ASA (OSL:VAR) 3-Year RORE % : -6.27% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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OSL:VAR Var Energi ASA OSL:VAR
78 GF Score
Price kr43.33
GF Value kr44.91
Valuation Fairly Valued
! 4 Warning Signs
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What is Var Energi ASA 3-Year RORE %?

Var Energi ASA OSL:VAR +3.02% 78 3-Year RORE % is -6.27 as of Mar. 2026. GuruFocus rates OSL:VAR with a GF Score™ of 78/100 and a GF Value™ of kr44.91 (Fairly Valued). The stock has 4 warning signs investors should review. Among 919 Oil & Gas companies, Var Energi ASA ranks worse than 56.26% 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. Var Energi ASA's 3-Year RORE % for the quarter that ended in Mar. 2026 was -6.27%.

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

OSL:VAR's 3-Year RORE % is ranked worse than
56.26% of 919 companies
in the Oil & Gas industry
Industry Median: 1.22 vs OSL:VAR: -6.27

Var Energi ASA  (OSL:VAR) 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.


Var Energi ASA 3-Year RORE % Related Terms


Var Energi ASA 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Var Energi ASA'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.

Var Energi ASA 3-Year RORE % Chart

Var Energi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial 0.00 0.00 56.04 48.19 -7.91

Var Energi ASA 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 4.96 8.35 34.96 -7.91 -6.27

OSL:VAR vs COP, EOG, FANG: 3-Year RORE % Comparison

For the Oil & Gas E&P subindustry, Var Energi ASA'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.


Var Energi ASA 3-Year RORE % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Var Energi ASA's 3-Year RORE % distribution charts can be found below:

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


OSL:VAR
78GF Score
Var Energi ASA OSL:VAR
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Var Energi ASA 3-Year RORE % Calculation

Var Energi ASA'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 )
=( 2.653-2.241 )/( 7.511-14.081 )
=0.412/-6.57
=-6.27 %

* 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 -6.27 mean?
Var Energi ASA (OSL:VAR) has a 3-Year RORE % of -6.27 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 Var Energi ASA and its competitors. According to the industry distribution chart, Var Energi ASA ranks #517 out of 919 companies in the Oil & Gas industry, placing it in the top 56.3%.
Is Var Energi ASA's 3-Year RORE % too high?
Var Energi ASA's current 3-Year RORE % is -6.27. Based on the distribution chart, Var Energi ASA ranks #517 out of 919 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Var Energi ASA has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Var Energi ASA's 3-Year RORE % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Var Energi ASA ranks #517 out of 919 companies for 3-Year RORE %. This places Var Energi ASA in the lower half of its industry. The industry median 3-Year RORE % is 1.22. 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 an Oil & Gas company?
The median 3-Year RORE % among Oil & Gas companies is 1.22, based on 919 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 Var Energi ASA and its competitors. For the Oil & Gas industry, the median 3-Year RORE % is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Var Energi ASA's current 3-Year RORE % is -6.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Var Energi ASA stock overvalued right now?
Based on GuruFocus' analysis, Var Energi ASA (OSL:VAR) is currently considered Fairly Valued. The stock's GF Value™ is kr44.91, compared to a current price of kr43.33 — trading 3.5% below its estimated fair value. The current 3-Year RORE % is -6.27. Var Energi ASA's overall GF Score™ is 78/100 with 4 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 Var Energi ASA (OSL:VAR), the current 3-Year RORE % is -6.27 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 Var Energi ASA (OSL:VAR) Overvalued in 2026?

Based on GuruFocus' analysis, Var Energi ASA stock appears to be undervalued. The current stock price of kr43.33 is trading 3.5% below its estimated GF Value™ of kr44.91. GuruFocus considers Var Energi ASA to be Fairly Valued.

Key valuation signals for OSL:VAR:

  • 3-Year RORE %: -6.27
  • GF Value™: kr44.91 vs. price of kr43.33 (3.5% below fair value)
  • GF Score™: 78/100 with 4 warning signs

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


Var Energi ASA Business Description

Industry EnergyOil & Gas
Address Vestre Svanholmen 1, Sandnes, NOR, 4313
Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).
78GF Score

Get the complete analysis for OSL:VAR

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

kr43.33
Price
kr44.91
GF Value