BKW AGBKWAF +2.50%86 ROE % is 6.47% as of Dec. 2025, which is 39% below its 10-year median of 10.56. GuruFocus rates BKWAF with a GF Score™ of 86/100 and a GF Value™ of $183.01 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 433 Utilities - Independent Power Producers companies, BKW AG ranks better than 62.12% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BKW AG's annualized net income for the quarter that ended in Dec. 2025 was $427 Mil. BKW AG's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was $6,598 Mil. Therefore, BKW AG's annualized ROE % for the quarter that ended in Dec. 2025 was 6.47%.
The historical rank and industry rank for BKW AG's ROE % or its related term are showing as below:
BKWAF'
s ROE % Range Over the Past 10 Years
Min: 5.88 Med: 10.56 Max: 13.78
Current: 6.76
During the past 13 years, BKW AG's highest ROE % was 13.78%. The lowest was 5.88%. And the median was 10.56%.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
BKW AG ROE % Related Terms
BKW AG ROE % Historical Data
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The historical data trend for BKW AG's ROE % 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.
For the Utilities - Renewable subindustry, BKW AG's ROE %, along with its competitors' market caps and ROE % 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.
BKW AG ROE % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's ROE % distribution charts can be found below:
* The bar in red indicates where BKW AG's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
BKW AG (BKWAF) has a ROE % of 6.47% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on BKW AG and its competitors. This is 39% below median its historical median of 10.56. Over the past decade, BKW AG's ROE % has ranged from 5.88 to 13.78. According to the industry distribution chart, BKW AG ranks #164 out of 433 companies in the Utilities - Independent Power Producers industry, placing it in the top 37.9%.
Is BKW AG's ROE % too high?
BKW AG's current ROE % of 6.47% is 39% below median its 10-year median of 10.56. Over the past 10 years, this metric has ranged from a low of 5.88 to a high of 13.78. The Utilities - Independent Power Producers industry median ROE % is 3.80. BKW AG's value of 6.47% is 70.3% above this industry median. Based on the distribution chart, BKW AG ranks #164 out of 433 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, BKW AG has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BKW AG's ROE % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BKW AG ranks #164 out of 433 companies for ROE %. This puts BKW AG in the upper half of its industry. The industry median ROE % is 3.80. BKW AG's value of 6.47% is 70.3% above this benchmark. Historically, BKW AG's own ROE % has ranged from 5.88 to 13.78 over the past decade. While the company's 10-year median is 10.56 vs. the industry median of 3.80, BKW AG 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 ROE % for an Utilities - Independent Power Producers company?
The median ROE % among Utilities - Independent Power Producers companies is 3.80, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BKW AG's current ROE % of 6.47% is 70.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on BKW AG and its competitors. For the Utilities - Independent Power Producers industry, the median ROE % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BKW AG's current ROE % is 6.47%, which is 39% below median its own 10-year median of 10.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BKW AG stock overvalued right now?
Based on GuruFocus' analysis, BKW AG (BKWAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $183.01, compared to a current price of $203.65 — trading 11.3% above its estimated fair value. The current ROE % is 6.47%, which is 39% below median its 10-year median of 10.56 and 70.3% above the Utilities - Independent Power Producers industry median of 3.80. BKW AG's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For BKW AG (BKWAF), the current ROE % is 6.47% as of Dec. 2025. 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 BKW AG (BKWAF) Overvalued in 2026?
Based on GuruFocus' analysis, BKW AG stock appears to be overvalued.
The current stock price of $203.65 is trading 11.3% above its estimated GF Value™ of $183.01.
GuruFocus considers BKW AG to be Modestly Overvalued.
Key valuation signals for BKWAF:
ROE %: 6.47% (39% below median its 10-year median of 10.56)
GF Value™: $183.01 vs. price of $203.65 (11.3% above fair value)
Industry Position: 70.3% above the Utilities - Independent Power Producers median (#164 of 433)
No single metric tells the full story. See the BKWAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BKW AG is an international energy and infrastructure company, offering integrated solutions in the fields of energy, buildings, and infrastructure. It operates in three reportable business segments: Energy Solutions, Power Grid, and Infrastructure and Buildings. Maximum revenue is generated from the Energy Solutions segment, which builds, operates, and maintains BKW's portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates, and raw materials, as well as wind, solar, and smart energy services. Geographically, the group generates maximum revenue from its business in Switzerland, followed by Germany, Italy, France, and other countries.
86GF Score
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