Public Service Enterprise GroupFRA:PSE -1.14%76 Return-on-Tangible-Equity is 17.40% as of Mar. 2026, which is 49% above its 10-year median of 11.70. GuruFocus rates FRA:PSE with a GF Score™ of 76/100 and a GF Value™ of €80.35 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 497 Utilities - Regulated companies, Public Service Enterprise Group ranks better than 60.56% on this metric.
The historical rank and industry rank for Public Service Enterprise Group's Return-on-Tangible-Equity or its related term are showing as below:
FRA:PSE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.29 Med: 11.7 Max: 18.9
Current: 13.42
During the past 13 years, Public Service Enterprise Group's highest Return-on-Tangible-Equity was 18.90%. The lowest was -4.29%. And the median was 11.70%.
FRA:PSE's Return-on-Tangible-Equity is ranked better than 60.56% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs FRA:PSE: 13.42
Public Service Enterprise Group (FRA:PSE) 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.
Public Service Enterprise Group Return-on-Tangible-Equity Related Terms
Public Service Enterprise Group Return-on-Tangible-Equity Historical Data
* 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.
Public Service Enterprise Group Return-on-Tangible-Equity Chart
FRA:PSE vs ED, WEC, PCG: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Public Service Enterprise Group'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.
Public Service Enterprise Group Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Public Service Enterprise Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Public Service Enterprise Group'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 17.40% mean?
Public Service Enterprise Group (FRA:PSE) has a Return-on-Tangible-Equity of 17.40% 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 Public Service Enterprise Group and its competitors. This is 49% above median its historical median of 11.70. According to the industry distribution chart, Public Service Enterprise Group ranks #196 out of 497 companies in the Utilities - Regulated industry, placing it in the top 39.4%.
Is Public Service Enterprise Group's Return-on-Tangible-Equity too high?
Public Service Enterprise Group's current Return-on-Tangible-Equity of 17.40% is 49% above median its 10-year median of 11.70. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.90. Public Service Enterprise Group's value of 17.40% is 59.6% above this industry median. Based on the distribution chart, Public Service Enterprise Group ranks #196 out of 497 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Public Service Enterprise Group has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Public Service Enterprise Group's Return-on-Tangible-Equity compare to ED and WEC?
According to the Utilities - Regulated industry distribution chart, Public Service Enterprise Group ranks #196 out of 497 companies for Return-on-Tangible-Equity. This puts Public Service Enterprise Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.90. Public Service Enterprise Group's value of 17.40% is 59.6% above this benchmark. While the company's 10-year median is 11.70 vs. the industry median of 10.90, Public Service Enterprise Group has consistently been above 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 10.90, based on 497 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. Public Service Enterprise Group's current Return-on-Tangible-Equity of 17.40% is 59.6% above 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 Public Service Enterprise Group and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Public Service Enterprise Group's current Return-on-Tangible-Equity is 17.40%, which is 49% above median its own 10-year median of 11.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Public Service Enterprise Group stock overvalued right now?
Based on GuruFocus' analysis, Public Service Enterprise Group (FRA:PSE) is currently considered Modestly Undervalued. The stock's GF Value™ is €80.35, compared to a current price of €69.34 — trading 13.7% below its estimated fair value. The current Return-on-Tangible-Equity is 17.40%, which is 49% above median its 10-year median of 11.70 and 59.6% above the Utilities - Regulated industry median of 10.90. Public Service Enterprise Group's overall GF Score™ is 76/100 with 3 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 Public Service Enterprise Group (FRA:PSE), the current Return-on-Tangible-Equity is 17.40% 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 Public Service Enterprise Group (FRA:PSE) Overvalued in 2026?
Based on GuruFocus' analysis, Public Service Enterprise Group stock appears to be undervalued.
The current stock price of €69.34 is trading 13.7% below its estimated GF Value™ of €80.35.
GuruFocus considers Public Service Enterprise Group to be Modestly Undervalued.
Key valuation signals for FRA:PSE:
Return-on-Tangible-Equity: 17.40% (49% above median its 10-year median of 11.70)
GF Value™: €80.35 vs. price of €69.34 (13.7% below fair value)
Industry Position: 59.6% above the Utilities - Regulated median (#196 of 497)
No single metric tells the full story. See the FRA:PSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Public Service Enterprise Group Business Description
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and PSEG Power, which owns all or a share of three nuclear plants and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.3 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system under a contract extension through 2030. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.
76GF Score
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