The historical rank and industry rank for Federal Grid Company Rosseti PJSC's Return-on-Tangible-Equity or its related term are showing as below:
MIC:FEES's Return-on-Tangible-Equity is not ranked *
in the Utilities - Regulated industry.
Industry Median: 10.9 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Federal Grid Company Rosseti PJSC (MIC:FEES) 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.
Federal Grid Company Rosseti PJSC Return-on-Tangible-Equity Related Terms
Federal Grid Company Rosseti PJSC 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.
Federal Grid Company Rosseti PJSC Return-on-Tangible-Equity Chart
MIC:FEES vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Federal Grid Company Rosseti PJSC'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.
Federal Grid Company Rosseti PJSC Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Federal Grid Company Rosseti PJSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Federal Grid Company Rosseti PJSC'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 two times the semi-annual (Jun. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 16.19% mean?
Federal Grid Company Rosseti PJSC (MIC:FEES) has a Return-on-Tangible-Equity of 16.19% as of Jun. 2023. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Federal Grid Company Rosseti PJSC and its competitors.
Is Federal Grid Company Rosseti PJSC's Return-on-Tangible-Equity too high?
Federal Grid Company Rosseti PJSC's current Return-on-Tangible-Equity is 16.19%. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.90. Federal Grid Company Rosseti PJSC's value of 16.19% is 48.5% above this industry median. Overall, Federal Grid Company Rosseti PJSC has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Federal Grid Company Rosseti PJSC's Return-on-Tangible-Equity compare to NEE and SO?
Federal Grid Company Rosseti PJSC's Return-on-Tangible-Equity of 16.19% can be compared against companies in the Utilities - Regulated industry. The industry median Return-on-Tangible-Equity is 10.90. Federal Grid Company Rosseti PJSC's value of 16.19% is 48.5% above this benchmark. 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. Federal Grid Company Rosseti PJSC's current Return-on-Tangible-Equity of 16.19% is 48.5% 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 Federal Grid Company Rosseti PJSC 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. Federal Grid Company Rosseti PJSC's current Return-on-Tangible-Equity is 16.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal Grid Company Rosseti PJSC stock overvalued right now?
Federal Grid Company Rosseti PJSC (MIC:FEES) has a current Return-on-Tangible-Equity of 16.19%. The current Return-on-Tangible-Equity is 16.19% and 48.5% above the Utilities - Regulated industry median of 10.90. Federal Grid Company Rosseti PJSC's overall GF Score™ is 55/100. 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 Federal Grid Company Rosseti PJSC (MIC:FEES), the current Return-on-Tangible-Equity is 16.19% as of Jun. 2023. 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.
Federal Grid Company Rosseti PJSC Business Description
Federal Grid Company Rosseti PJSC is a Russian electric utility company of which the Russian Federation is the majority shareholder through its subsidiary, PJSC "Russian Grids." The company's principal activity is the transmission of electricity via the Russian Unified National Electric Grid. Federal Grid Company does this through its operation of numerous substations, transformers, and electricity transmission lines all throughout Russia. The vast majority of the company's revenue is derived from the provision of electricity transmission services to a variety of customers, such as industrial firms and other Russian utilities companies. This income stream is dependent upon changes in tariffs set by the Russian government and electricity demand.
55GF Score
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