DTE Energy CoFRA:DGY -1.44%73 Return-on-Tangible-Equity is 9.81% as of Mar. 2026, which is 37% below its 10-year median of 15.63. GuruFocus rates FRA:DGY with a GF Score™ of 73/100 and a GF Value™ of €131.80 (Fairly Valued). The stock has 13 warning signs investors should review. Among 496 Utilities - Regulated companies, DTE Energy Co ranks better than 57.26% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. DTE Energy Co's annualized net income for the quarter that ended in Mar. 2026 was €855 Mil. DTE Energy Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €8,711 Mil. Therefore, DTE Energy Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.81%.
The historical rank and industry rank for DTE Energy Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:DGY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.82 Med: 15.63 Max: 18.54
Current: 12.74
During the past 13 years, DTE Energy Co's highest Return-on-Tangible-Equity was 18.54%. The lowest was 10.82%. And the median was 15.63%.
FRA:DGY's Return-on-Tangible-Equity is ranked better than 57.26% of 496
companies
in the Utilities - Regulated industry
Industry Median: 10.935
vs FRA:DGY: 12.74
DTE Energy Co (FRA:DGY) 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 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.
DTE Energy Co Return-on-Tangible-Equity Related Terms
DTE Energy Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for DTE Energy Co'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.
FRA:DGY vs AEE, CNP, EIX: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, DTE Energy Co'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.
DTE Energy Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, DTE Energy Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where DTE Energy Co's Return-on-Tangible-Equity falls into.
* 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 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 data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 9.81% mean?
DTE Energy Co (FRA:DGY) has a Return-on-Tangible-Equity of 9.81% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on DTE Energy Co and its competitors. This is 37% below median its historical median of 15.63. Over the past decade, DTE Energy Co's Return-on-Tangible-Equity has ranged from 10.82 to 18.54. According to the industry distribution chart, DTE Energy Co ranks #212 out of 496 companies in the Utilities - Regulated industry, placing it in the top 42.7%.
Is DTE Energy Co's Return-on-Tangible-Equity too high?
DTE Energy Co's current Return-on-Tangible-Equity of 9.81% is 37% below median its 10-year median of 15.63. Over the past 10 years, this metric has ranged from a low of 10.82 to a high of 18.54. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.94. DTE Energy Co's value of 9.81% is 10.3% below this industry median. Based on the distribution chart, DTE Energy Co ranks #212 out of 496 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, DTE Energy Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DTE Energy Co's Return-on-Tangible-Equity compare to AEE and CNP?
According to the Utilities - Regulated industry distribution chart, DTE Energy Co ranks #212 out of 496 companies for Return-on-Tangible-Equity. This puts DTE Energy Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.94. DTE Energy Co's value of 9.81% is 10.3% below this benchmark. Historically, DTE Energy Co's own Return-on-Tangible-Equity has ranged from 10.82 to 18.54 over the past decade. While the company's 10-year median is 15.63 vs. the industry median of 10.94, DTE Energy Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.94, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DTE Energy Co's current Return-on-Tangible-Equity of 9.81% is 10.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on DTE Energy Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DTE Energy Co's current Return-on-Tangible-Equity is 9.81%, which is 37% below median its own 10-year median of 15.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DTE Energy Co stock overvalued right now?
Based on GuruFocus' analysis, DTE Energy Co (FRA:DGY) is currently considered Fairly Valued. The stock's GF Value™ is €131.80, compared to a current price of €129.75 — trading 1.6% below its estimated fair value. The current Return-on-Tangible-Equity is 9.81%, which is 37% below median its 10-year median of 15.63 and 10.3% below the Utilities - Regulated industry median of 10.94. DTE Energy Co's overall GF Score™ is 73/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For DTE Energy Co (FRA:DGY), the current Return-on-Tangible-Equity is 9.81% 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 DTE Energy Co (FRA:DGY) Overvalued in 2026?
Based on GuruFocus' analysis, DTE Energy Co stock appears to be undervalued.
The current stock price of €129.75 is trading 1.6% below its estimated GF Value™ of €131.80.
GuruFocus considers DTE Energy Co to be Fairly Valued.
Key valuation signals for FRA:DGY:
Return-on-Tangible-Equity: 9.81% (37% below median its 10-year median of 15.63)
GF Value™: €131.80 vs. price of €129.75 (1.6% below fair value)
Industry Position: 10.3% below the Utilities - Regulated median (#212 of 496)
No single metric tells the full story. See the FRA:DGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
73GF Score
Get the complete analysis for FRA:DGY
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:DGY has been successfully added to your 
