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Return on Equity

Alpha Finance Academy

Return on Equity

Alpha Finance Academy

Formula

ROE =
Net Income Shareholders' Equity
× 100
  • Net Income = Total earnings after all expenses, interest, and taxes are deducted from revenue.
  • Shareholders' Equity = Total assets minus total liabilities; the book value owned by investors (MRQ).
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Current Value TTM

Net Income
Shareholders' Equity
ROE

ROE Drivers —

Table

Year ROE

Definition

Return on Equity (ROE) measures how efficiently a company uses shareholders' capital to generate profit. A higher ROE generally indicates stronger management performance and more effective use of investor funds. What is considered healthy depends on the industrytechnology and financial companies often report ROEs of 15–25%, while utilities or manufacturing firms typically achieve 8–12% due to capital-intensive business models. A very high ROE driven by low or negative equity (e.g., heavy buybacks) can be misleading.

Excellent≥ 20%
Good12 – 20%
Moderate0 – 12%
Negative< 0%
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