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Gjensidige Forsikring ASA Return-on-Tangible-Equity

: 29.73% (As of Sep. 2021)
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Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Gjensidige Forsikring ASA's annualized net income attributable to common stockholders for the quarter that ended in Sep. 2021 was $691 Mil. Gjensidige Forsikring ASA's average shareholder tangible equity for the quarter that ended in Sep. 2021 was $2,324 Mil. Therefore, Gjensidige Forsikring ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2021 was 29.73%.

The historical rank and industry rank for Gjensidige Forsikring ASA's Return-on-Tangible-Equity or its related term are showing as below:

OTCPK:GJNSY' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.14   Med: 20.79   Max: 34.13
Current: 34.13

14.14
34.13

During the past 13 years, Gjensidige Forsikring ASA's highest Return-on-Tangible-Equity was 34.13%. The lowest was 14.14%. And the median was 20.79%.

OTCPK:GJNSY's Return-on-Tangible-Equity is ranked higher than
90% of the 493 Companies
in the Insurance industry.

( Industry Median: 9.82 vs. OTCPK:GJNSY: 34.13 )

Gjensidige Forsikring ASA Return-on-Tangible-Equity Historical Data

The historical data trend for Gjensidige Forsikring ASA's Return-on-Tangible-Equity 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.

* Premium members only.

Gjensidige Forsikring ASA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Return-on-Tangible-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.77 25.16 19.40 31.88 24.09

Gjensidige Forsikring ASA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Return-on-Tangible-Equity 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 Premium Member Only Premium Member Only Premium Member Only 30.46 40.61 28.41 39.04 29.73

Competitive Comparison

For the Insurance - Diversified subindustry, Gjensidige Forsikring ASA's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.

   

Gjensidige Forsikring ASA Return-on-Tangible-Equity Distribution

For the Insurance industry and Financial Services sector, Gjensidige Forsikring ASA's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Gjensidige Forsikring ASA's Return-on-Tangible-Equity falls into.



Gjensidige Forsikring ASA Return-on-Tangible-Equity Calculation

Gjensidige Forsikring ASA's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=568.93799313204/( (2383.8984929078+2340.3888780421 )/ 2 )
=568.93799313204/2362.1436854749
=24.09 %

Gjensidige Forsikring ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2021 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2021 )  (Q: Jun. 2021 )(Q: Sep. 2021 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2021 )  (Q: Jun. 2021 )(Q: Sep. 2021 )
=690.71295750898/( (2331.1726086595+2315.9165194091)/ 2 )
=690.71295750898/2323.5445640343
=29.73 %

* 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 annual Return-on-Tangible-Equity, the net income attributable to common stockholders of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Sep. 2021) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Gjensidige Forsikring ASA  (OTCPK:GJNSY) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Gjensidige Forsikring ASA Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Gjensidige Forsikring ASA's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Gjensidige Forsikring ASA Business Description

Gjensidige Forsikring ASA logo
Industry
Address
Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA Headlines

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