CEE (CENTRAL & EASTERN EUROPE FUND,) ROE %: 47.88% (As of Apr. 2026) — 128% Above Median

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CEE CENTRAL & EASTERN EUROPE FUND, INC. CEE
59 GF Score
Price $21.35
GF Value $26.73
Valuation Modestly Undervalued
! 2 Warning Signs
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What is CENTRAL & EASTERN EUROPE FUND, ROE %?

CENTRAL & EASTERN EUROPE FUND, CEE +1.40% 59 ROE % is 47.88% as of Apr. 2026, which is 128% above its 10-year median of 21.02. GuruFocus rates CEE with a GF Score™ of 59/100 and a GF Value™ of $26.73 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,611 Asset Management companies, CENTRAL & EASTERN EUROPE FUND, ranks better than 93.67% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. CENTRAL & EASTERN EUROPE FUND,'s annualized net income for the quarter that ended in Apr. 2026 was $56.56 Mil. CENTRAL & EASTERN EUROPE FUND,'s average Total Stockholders Equity over the quarter that ended in Apr. 2026 was $118.12 Mil. Therefore, CENTRAL & EASTERN EUROPE FUND,'s annualized ROE % for the quarter that ended in Apr. 2026 was 47.88%.

The historical rank and industry rank for CENTRAL & EASTERN EUROPE FUND,'s ROE % or its related term are showing as below:

CEE' s ROE % Range Over the Past 10 Years
Min: -136.42   Med: 21.02   Max: 49.26
Current: 39.86

During the past 9 years, CENTRAL & EASTERN EUROPE FUND,'s highest ROE % was 49.26%. The lowest was -136.42%. And the median was 21.02%.

CEE's ROE % is ranked better than
93.67% of 1611 companies
in the Asset Management industry
Industry Median: 6.87 vs CEE: 39.86

CENTRAL & EASTERN EUROPE FUND,  (NYSE:CEE) ROE % Explanation

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:

ROE %(Q: Apr. 2026 )
=Net Income/Total Stockholders Equity
=56.556/118.117
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(56.556 / 57.052)*(57.052 / 127.4525)*(127.4525 / 118.117)
=Net Margin %*Asset Turnover*Equity Multiplier
=99.13 %*0.4476*1.079
=ROA %*Equity Multiplier
=44.37 %*1.079
=47.88 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Apr. 2026 )
=Net Income/Total Stockholders Equity
=56.556/118.117
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (56.556 / 56.556) * (56.556 / 57.052) * (57.052 / 127.4525) * (127.4525 / 118.117)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 99.13 % * 0.4476 * 1.079
=47.88 %

Note: The net income data used here is two times the semi-annual (Apr. 2026) net income data. The Revenue data used here is two times the semi-annual (Apr. 2026) 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.


CENTRAL & EASTERN EUROPE FUND, ROE % Related Terms


CENTRAL & EASTERN EUROPE FUND, ROE % Historical Data

* Premium members only.

The historical data trend for CENTRAL & EASTERN EUROPE FUND,'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.

CENTRAL & EASTERN EUROPE FUND, ROE % Chart

CENTRAL & EASTERN EUROPE FUND, Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROE %
Get a 7-Day Free Trial Premium Member Only 49.26 -136.42 39.16 28.80 40.24

CENTRAL & EASTERN EUROPE FUND, Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.68 23.45 50.57 30.93 47.88

CEE vs BGX, BCV, HYI: ROE % Comparison

For the Asset Management subindustry, CENTRAL & EASTERN EUROPE FUND,'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.


CENTRAL & EASTERN EUROPE FUND, ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, CENTRAL & EASTERN EUROPE FUND,'s ROE % distribution charts can be found below:

* The bar in red indicates where CENTRAL & EASTERN EUROPE FUND,'s ROE % falls into.


CEE
59GF Score
CENTRAL & EASTERN EUROPE FUND, INC. CEE
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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CENTRAL & EASTERN EUROPE FUND, ROE % Calculation

CENTRAL & EASTERN EUROPE FUND,'s annualized ROE % for the fiscal year that ended in Oct. 2025 is calculated as

ROE %=Net Income (A: Oct. 2025 )/( (Total Stockholders Equity (A: Oct. 2024 )+Total Stockholders Equity (A: Oct. 2025 ))/ count )
=35.303/( (70.808+104.637)/ 2 )
=35.303/87.7225
=40.24 %

CENTRAL & EASTERN EUROPE FUND,'s annualized ROE % for the quarter that ended in Apr. 2026 is calculated as

ROE %=Net Income (Q: Apr. 2026 )/( (Total Stockholders Equity (Q: Oct. 2025 )+Total Stockholders Equity (Q: Apr. 2026 ))/ count )
=56.556/( (104.637+131.597)/ 2 )
=56.556/118.117
=47.88 %

* 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 (Apr. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 47.88% mean?
CENTRAL & EASTERN EUROPE FUND, (CEE) has a ROE % of 47.88% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on CENTRAL & EASTERN EUROPE FUND, and its competitors. This is 128% above median its historical median of 21.02. According to the industry distribution chart, CENTRAL & EASTERN EUROPE FUND, ranks #102 out of 1611 companies in the Asset Management industry, placing it in the top 6.3%.
Is CENTRAL & EASTERN EUROPE FUND,'s ROE % too high?
CENTRAL & EASTERN EUROPE FUND,'s current ROE % of 47.88% is 128% above median its 10-year median of 21.02. The Asset Management industry median ROE % is 6.87. CENTRAL & EASTERN EUROPE FUND,'s value of 47.88% is 596.9% above this industry median. Based on the distribution chart, CENTRAL & EASTERN EUROPE FUND, ranks #102 out of 1611 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, CENTRAL & EASTERN EUROPE FUND, has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CENTRAL & EASTERN EUROPE FUND,'s ROE % compare to BGX and BCV?
According to the Asset Management industry distribution chart, CENTRAL & EASTERN EUROPE FUND, ranks #102 out of 1611 companies for ROE %. This places CENTRAL & EASTERN EUROPE FUND, in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 6.87. CENTRAL & EASTERN EUROPE FUND,'s value of 47.88% is 596.9% above this benchmark. While the company's 10-year median is 21.02 vs. the industry median of 6.87, CENTRAL & EASTERN EUROPE FUND, 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 Asset Management company?
The median ROE % among Asset Management companies is 6.87, based on 1,611 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. CENTRAL & EASTERN EUROPE FUND,'s current ROE % of 47.88% is 596.9% 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 CENTRAL & EASTERN EUROPE FUND, and its competitors. For the Asset Management industry, the median ROE % is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CENTRAL & EASTERN EUROPE FUND,'s current ROE % is 47.88%, which is 128% above median its own 10-year median of 21.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CENTRAL & EASTERN EUROPE FUND, stock overvalued right now?
Based on GuruFocus' analysis, CENTRAL & EASTERN EUROPE FUND, (CEE) is currently considered Modestly Undervalued. The stock's GF Value™ is $26.73, compared to a current price of $21.35 — trading 20.1% below its estimated fair value. The current ROE % is 47.88%, which is 128% above median its 10-year median of 21.02 and 596.9% above the Asset Management industry median of 6.87. CENTRAL & EASTERN EUROPE FUND,'s overall GF Score™ is 59/100 with 2 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 CENTRAL & EASTERN EUROPE FUND, (CEE), the current ROE % is 47.88% as of Apr. 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 CENTRAL & EASTERN EUROPE FUND, (CEE) Overvalued in 2026?

Based on GuruFocus' analysis, CENTRAL & EASTERN EUROPE FUND, stock appears to be undervalued. The current stock price of $21.35 is trading 20.1% below its estimated GF Value™ of $26.73. GuruFocus considers CENTRAL & EASTERN EUROPE FUND, to be Modestly Undervalued.

Key valuation signals for CEE:

  • ROE %: 47.88% (128% above median its 10-year median of 21.02)
  • GF Value™: $26.73 vs. price of $21.35 (20.1% below fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 596.9% above the Asset Management median (#102 of 1611)

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


CENTRAL & EASTERN EUROPE FUND, Business Description

Address 875 Third Avenue, New York, NY, USA, 10022-6225
CENTRAL & EASTERN EUROPE FUND, INC. is a closed-end management investment company. The Fund's objective is to seek long-term capital appreciation. It invests in the equity or equity-linked securities of issuers domiciled in Central and Eastern Europe.
59GF Score

Get the complete analysis for CEE

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

$21.35
Price
$26.73
GF Value