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Glossary · investing

What is Return on equity (ROE)?

Net income divided by shareholders' equity — how efficiently a company turns equity into profit.

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ROE above 15% consistently is generally considered strong. Very high ROE can indicate genuine business quality — or heavy leverage. Compare with return on assets (ROA) to strip out the leverage effect.

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Warren Buffett on ROE?

Buffett has long favoured businesses with high, durable ROE — a marker of a competitive advantage.

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