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.
* 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 Gambling subindustry, Codere Online Luxembourg'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.
Codere Online Luxembourg ROE % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Codere Online Luxembourg's ROE % distribution charts can be found below:
* The bar in red indicates where Codere Online Luxembourg'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.
Codere Online Luxembourg (CDRO) has a ROE % of 36.50% 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 Codere Online Luxembourg and its competitors. According to the industry distribution chart, Codere Online Luxembourg ranks #406 out of 824 companies in the Travel & Leisure industry, placing it in the top 49.3%.
Is Codere Online Luxembourg's ROE % too high?
Codere Online Luxembourg's current ROE % is 36.50%. The Travel & Leisure industry median ROE % is 5.49. Codere Online Luxembourg's value of 36.50% is 565.5% above this industry median. Based on the distribution chart, Codere Online Luxembourg ranks #406 out of 824 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Codere Online Luxembourg has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Codere Online Luxembourg's ROE % compare to INSE and GAMB?
According to the Travel & Leisure industry distribution chart, Codere Online Luxembourg ranks #406 out of 824 companies for ROE %. This puts Codere Online Luxembourg in the upper half of its industry. The industry median ROE % is 5.49. Codere Online Luxembourg's value of 36.50% is 565.5% 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 ROE % for a Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.49, based on 824 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. Codere Online Luxembourg's current ROE % of 36.50% is 565.5% 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 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 Codere Online Luxembourg and its competitors. For the Travel & Leisure industry, the median ROE % is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codere Online Luxembourg's current ROE % is 36.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codere Online Luxembourg stock overvalued right now?
Based on GuruFocus' analysis, Codere Online Luxembourg (CDRO) is currently considered Fairly Valued. The stock's GF Value™ is $8.92, compared to a current price of $9.55 — trading 7% above its estimated fair value. The current ROE % is 36.50% and 565.5% above the Travel & Leisure industry median of 5.49. Codere Online Luxembourg's overall GF Score™ is 74/100 with 5 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 Codere Online Luxembourg (CDRO), the current ROE % is 36.50% 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 Codere Online Luxembourg (CDRO) Overvalued in 2026?
Based on GuruFocus' analysis, Codere Online Luxembourg stock appears to be overvalued.
The current stock price of $9.55 is trading 7% above its estimated GF Value™ of $8.92.
GuruFocus considers Codere Online Luxembourg to be Fairly Valued.
Key valuation signals for CDRO:
ROE %: 36.50%
GF Value™: $8.92 vs. price of $9.55 (7% above fair value)
Industry Position: 565.5% above the Travel & Leisure median (#406 of 824)
No single metric tells the full story. See the CDRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Mexico, Colombia, and Other countries, where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. The company derives maximum revenue from Mexico.
74GF Score
Get the complete analysis for CDRO
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CDRO has been successfully added to your 
