WEC Energy GroupWEC -0.47%81 Return-on-Tangible-Equity is 29.67% as of Mar. 2026, which is 80% above its 10-year median of 16.45. GuruFocus rates WEC with a GF Score™ of 81/100 and a GF Value™ of $108.40 (Fairly Valued). The stock has 11 warning signs investors should review. Among 497 Utilities - Regulated companies, WEC Energy Group ranks better than 66.6% 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. WEC Energy Group's annualized net income for the quarter that ended in Mar. 2026 was $3,219 Mil. WEC Energy Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $10,850 Mil. Therefore, WEC Energy Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 29.67%.
The historical rank and industry rank for WEC Energy Group's Return-on-Tangible-Equity or its related term are showing as below:
WEC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.62 Med: 16.45 Max: 19.51
Current: 15.64
During the past 13 years, WEC Energy Group's highest Return-on-Tangible-Equity was 19.51%. The lowest was 15.62%. And the median was 16.45%.
WEC's Return-on-Tangible-Equity is ranked better than 66.6% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs WEC: 15.64
WEC Energy Group (NYSE:WEC) 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.
WEC Energy Group Return-on-Tangible-Equity Related Terms
WEC Energy Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for WEC Energy Group'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.
WEC vs PCG, ED, PEG: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, WEC Energy 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.
WEC Energy Group Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, WEC Energy Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where WEC Energy 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 29.67% mean?
WEC Energy Group (WEC) has a Return-on-Tangible-Equity of 29.67% 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 WEC Energy Group and its competitors. This is 80% above median its historical median of 16.45. Over the past decade, WEC Energy Group's Return-on-Tangible-Equity has ranged from 15.62 to 19.51. According to the industry distribution chart, WEC Energy Group ranks #166 out of 497 companies in the Utilities - Regulated industry, placing it in the top 33.4%.
Is WEC Energy Group's Return-on-Tangible-Equity too high?
WEC Energy Group's current Return-on-Tangible-Equity of 29.67% is 80% above median its 10-year median of 16.45. Over the past 10 years, this metric has ranged from a low of 15.62 to a high of 19.51. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.90. WEC Energy Group's value of 29.67% is 172.2% above this industry median. Based on the distribution chart, WEC Energy Group ranks #166 out of 497 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, WEC Energy Group has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does WEC Energy Group's Return-on-Tangible-Equity compare to PCG and ED?
According to the Utilities - Regulated industry distribution chart, WEC Energy Group ranks #166 out of 497 companies for Return-on-Tangible-Equity. This puts WEC Energy Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.90. WEC Energy Group's value of 29.67% is 172.2% above this benchmark. Historically, WEC Energy Group's own Return-on-Tangible-Equity has ranged from 15.62 to 19.51 over the past decade. While the company's 10-year median is 16.45 vs. the industry median of 10.90, WEC Energy 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. WEC Energy Group's current Return-on-Tangible-Equity of 29.67% is 172.2% 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 WEC Energy 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. WEC Energy Group's current Return-on-Tangible-Equity is 29.67%, which is 80% above median its own 10-year median of 16.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WEC Energy Group stock overvalued right now?
Based on GuruFocus' analysis, WEC Energy Group (WEC) is currently considered Fairly Valued. The stock's GF Value™ is $108.40, compared to a current price of $116.22 — trading 7.2% above its estimated fair value. The current Return-on-Tangible-Equity is 29.67%, which is 80% above median its 10-year median of 16.45 and 172.2% above the Utilities - Regulated industry median of 10.90. WEC Energy Group's overall GF Score™ is 81/100 with 11 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 WEC Energy Group (WEC), the current Return-on-Tangible-Equity is 29.67% 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 WEC Energy Group (WEC) Overvalued in 2026?
Based on GuruFocus' analysis, WEC Energy Group stock appears to be overvalued.
The current stock price of $116.22 is trading 7.2% above its estimated GF Value™ of $108.40.
GuruFocus considers WEC Energy Group to be Fairly Valued.
Key valuation signals for WEC:
Return-on-Tangible-Equity: 29.67% (80% above median its 10-year median of 16.45)
GF Value™: $108.40 vs. price of $116.22 (7.2% above fair value)
Industry Position: 172.2% above the Utilities - Regulated median (#166 of 497)
No single metric tells the full story. See the WEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 49% electric generation and distribution, 30% gas distribution, 10% electric transmission, 9% unregulated renewable energy, and 2% LNG distribution and generation.
81GF Score
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