Norwegian Block Exchange AS (STU:9Q3) 3-Year RORE % : -46.51% (As of Dec. 2025)

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STU:9Q3 Norwegian Block Exchange AS STU:9Q3
53 GF Score
Price €0.03
GF Value €0.04
Valuation Fairly Valued
! 4 Warning Signs
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What is Norwegian Block Exchange AS 3-Year RORE %?

Norwegian Block Exchange AS STU:9Q3 -0.50% 53 3-Year RORE % is -46.51 as of Dec. 2025. GuruFocus rates STU:9Q3 with a GF Score™ of 53/100 and a GF Value™ of €0.04 (Fairly Valued). The stock has 4 warning signs investors should review. Among 767 Capital Markets companies, Norwegian Block Exchange AS ranks worse than 82.14% 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. Norwegian Block Exchange AS's 3-Year RORE % for the quarter that ended in Dec. 2025 was -46.51%.

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

STU:9Q3's 3-Year RORE % is ranked worse than
82.14% of 767 companies
in the Capital Markets industry
Industry Median: 13.89 vs STU:9Q3: -46.51

Norwegian Block Exchange AS  (STU:9Q3) 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.


Norwegian Block Exchange AS 3-Year RORE % Related Terms


Norwegian Block Exchange AS 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Norwegian Block Exchange AS'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.

Norwegian Block Exchange AS 3-Year RORE % Chart

Norwegian Block Exchange AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial 0.00 0.00 -6.12 -36.25 -46.51

Norwegian Block Exchange AS Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
3-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.12 -5.56 -36.25 -34.43 -46.51

STU:9Q3 vs MS, GS, SCHW: 3-Year RORE % Comparison

For the Capital Markets subindustry, Norwegian Block Exchange AS'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.


Norwegian Block Exchange AS 3-Year RORE % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Norwegian Block Exchange AS's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Norwegian Block Exchange AS's 3-Year RORE % falls into.


STU:9Q3
53GF Score
Norwegian Block Exchange AS STU:9Q3
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Block Exchange AS 3-Year RORE % Calculation

Norwegian Block Exchange AS's 3-Year RORE % for the quarter that ended in Dec. 2025 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 )
=( -0.005--0.025 )/( -0.043-0 )
=0.02/-0.043
=-46.51 %

* 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 Dec. 2025 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of -46.51 mean?
Norwegian Block Exchange AS (STU:9Q3) has a 3-Year RORE % of -46.51 as of Dec. 2025. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Norwegian Block Exchange AS and its competitors. According to the industry distribution chart, Norwegian Block Exchange AS ranks #630 out of 767 companies in the Capital Markets industry, placing it in the top 82.1%.
Is Norwegian Block Exchange AS's 3-Year RORE % too high?
Norwegian Block Exchange AS's current 3-Year RORE % is -46.51. Based on the distribution chart, Norwegian Block Exchange AS ranks #630 out of 767 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Norwegian Block Exchange AS has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Block Exchange AS's 3-Year RORE % compare to MS and GS?
According to the Capital Markets industry distribution chart, Norwegian Block Exchange AS ranks #630 out of 767 companies for 3-Year RORE %. This places Norwegian Block Exchange AS in the lower half of its industry. The industry median 3-Year RORE % is 13.89. 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 Capital Markets company?
The median 3-Year RORE % among Capital Markets companies is 13.89, based on 767 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 Norwegian Block Exchange AS and its competitors. For the Capital Markets industry, the median 3-Year RORE % is 13.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norwegian Block Exchange AS's current 3-Year RORE % is -46.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Block Exchange AS stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Block Exchange AS (STU:9Q3) is currently considered Fairly Valued. The stock's GF Value™ is €0.04, compared to a current price of €0.03 — trading 13.5% below its estimated fair value. The current 3-Year RORE % is -46.51. Norwegian Block Exchange AS's overall GF Score™ is 53/100 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 Norwegian Block Exchange AS (STU:9Q3), the current 3-Year RORE % is -46.51 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 Norwegian Block Exchange AS (STU:9Q3) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Block Exchange AS stock appears to be undervalued. The current stock price of €0.03 is trading 13.5% below its estimated GF Value™ of €0.04. GuruFocus considers Norwegian Block Exchange AS to be Fairly Valued.

Key valuation signals for STU:9Q3:

  • 3-Year RORE %: -46.51
  • GF Value™: €0.04 vs. price of €0.03 (13.5% below fair value)
  • GF Score™: 53/100 with 4 warning signs

No single metric tells the full story. See the STU:9Q3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norwegian Block Exchange AS Business Description

Other Exchanges NBX:Norway
Address Arnstein Arnebergs Vei 30, Lysaker, NOR, 1366
Norwegian Block Exchange AS is a financial services company that specializes in developing digital asset-based products. It is a cryptocurrency exchange serving the Nordic market, offering secure trading of digital assets, tokenization, custody solutions, and blockchain technology services for retail and institutional clients. NBX provides a compliant trading environment with robust security measures and transparent operations. The company has also issued a credit card with BTC cashback.
53GF Score

Get the complete analysis for STU:9Q3

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

€0.03
Price
€0.04
GF Value