Spire (FRA:LGR) ROE % Adjusted to Book Value: 20.99% (As of Mar. 2026)

Spire FRA:LGR +0.75% 77 ROE % Adjusted to Book Value is 20.99% as of Mar. 2026. GuruFocus rates FRA:LGR with a GF Score™ of 77/100 and a GF Value™ of €51.39. The stock has 7 warning signs investors should review.

Spire's ROE % for the quarter that ended in Mar. 2026 was 33.17%. Spire's PB Ratio for the quarter that ended in Mar. 2026 was 1.58. Spire's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 20.99%.

Spire ROE % Adjusted to Book Value Related Terms

Spire ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Spire's ROE % Adjusted to Book Value 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.

Spire ROE % Adjusted to Book Value Chart

Spire Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

ROE % Adjusted to Book Value

Get a 7-Day Free Trial

7.78

6.66

6.58

6.26

5.28

Spire Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															17.25	1.79	-3.04	7.34	20.99

FRA:LGR vs MDU, OGS, BKH: ROE % Adjusted to Book Value Comparison

For the Utilities - Regulated Gas subindustry, Spire's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Spire ROE % Adjusted to Book Value vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Spire's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Spire's ROE % Adjusted to Book Value falls into.

Save Embed

77GF Score

Spire Inc FRA:LGR

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Spire ROE % Adjusted to Book Value Calculation

Spire's ROE % Adjusted to Book Value for the fiscal year that ended in Sep. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	7.98%	/	1.51
	=	5.28%

Spire's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	33.17%	/	1.58
	=	20.99%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 20.99% mean?

Spire (FRA:LGR) has a ROE % Adjusted to Book Value of 20.99% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Spire and its competitors.

Is Spire's ROE % Adjusted to Book Value too high?

Spire's current ROE % Adjusted to Book Value is 20.99%. Overall, Spire has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.

How does Spire's ROE % Adjusted to Book Value compare to MDU and OGS?

Spire's ROE % Adjusted to Book Value of 20.99% can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROE % Adjusted to Book Value for an Utilities - Regulated company?

A good ROE % Adjusted to Book Value depends on the Utilities - Regulated industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Spire and its competitors. Spire's current ROE % Adjusted to Book Value is 20.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Spire stock overvalued right now?

Spire (FRA:LGR) has a current ROE % Adjusted to Book Value of 20.99%. The stock's GF Value™ is €51.39, compared to a current price of €67.50 — trading 31.3% above its estimated fair value. The current ROE % Adjusted to Book Value is 20.99%. Spire's overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For Spire (FRA:LGR), the current ROE % Adjusted to Book Value is 20.99% 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 Spire (FRA:LGR) Overvalued in 2026?

Based on GuruFocus' analysis, Spire stock appears to be overvalued. The current stock price of €67.50 is trading 31.3% above its estimated GF Value™ of €51.39.

Key valuation signals for FRA:LGR:

ROE % Adjusted to Book Value: 20.99%
GF Value™: €51.39 vs. price of €67.50 (31.3% above fair value)
GF Score™: 77/100 with 7 warning signs

No single metric tells the full story. See the FRA:LGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Spire Business Description

Industry Utilities Utilities - Regulated

Comparable Companies MDU OGS BKH NJR CTRI CPK SWX NWN UGI SPH XMAD:NTGY ATO MIL:SRG NI XTER:UN0 HKSE:00003 TSE:9532 TSE:9531 MIL:IG BOM:532155

Other Exchanges SR:USA LGR:Germany

Address 700 Market Street, Saint Louis, MO, USA, 63101

Website https://www.spireenergy.com

Spire Inc. is the holding company for Spire Missouri, Spire Alabama, other gas utilities, and gas-related businesses, focused on growing organically, investing in infrastructure, and advancing through innovation. Its three segments are Gas Utility, Gas Marketing, and Midstream. The Gas Utility segment is the core business and includes Spire Missouri, Spire Alabama, and Spire EnergySouth. The Gas Marketing segment includes Spire Marketing, which provides non-regulated natural gas services across the U.S. The Midstream segment includes Spire Storage, Spire STL Pipeline, and Spire MoGas Pipeline. The majority of revenue comes from Gas Utility.

77GF Score

Get the complete analysis for FRA:LGR

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€67.50

Price

€51.39

GF Value

View FRA:LGR Analysis

See ROE % Adjusted to Book Value data for all stocks →