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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 four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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.
Emirates NBD PJSC ROE % Related Terms
Emirates NBD PJSC ROE % Historical Data
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The historical data trend for Emirates NBD PJSC'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 Banks - Regional subindustry, Emirates NBD PJSC'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.
Emirates NBD PJSC ROE % vs Banks Industry
For the Banks industry and Financial Services sector, Emirates NBD PJSC's ROE % distribution charts can be found below:
* The bar in red indicates where Emirates NBD PJSC'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 four times the quarterly (Jun. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Emirates NBD PJSC (DFM:EMIRATESNBD) has a ROE % of 17.33% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Emirates NBD PJSC and its competitors. This is 12% above median its historical median of 15.51. Over the past decade, Emirates NBD PJSC's ROE % has ranged from 8.38 to 21.16. According to the industry distribution chart, Emirates NBD PJSC ranks #208 out of 1521 companies in the Banks industry, placing it in the top 13.7%.
Is Emirates NBD PJSC's ROE % too high?
Emirates NBD PJSC's current ROE % of 17.33% is 12% above median its 10-year median of 15.51. Over the past 10 years, this metric has ranged from a low of 8.38 to a high of 21.16. The Banks industry median ROE % is 10.49. Emirates NBD PJSC's value of 17.33% is 65.2% above this industry median. Based on the distribution chart, Emirates NBD PJSC ranks #208 out of 1521 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Emirates NBD PJSC has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emirates NBD PJSC's ROE % compare to competitors?
According to the Banks industry distribution chart, Emirates NBD PJSC ranks #208 out of 1521 companies for ROE %. This places Emirates NBD PJSC in the top 14% of its industry — outperforming the majority of peers. The industry median ROE % is 10.49. Emirates NBD PJSC's value of 17.33% is 65.2% above this benchmark. Historically, Emirates NBD PJSC's own ROE % has ranged from 8.38 to 21.16 over the past decade. While the company's 10-year median is 15.51 vs. the industry median of 10.49, Emirates NBD PJSC 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 a Banks company?
The median ROE % among Banks companies is 10.49, based on 1,521 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. Emirates NBD PJSC's current ROE % of 17.33% is 65.2% 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 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 Emirates NBD PJSC and its competitors. For the Banks industry, the median ROE % is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emirates NBD PJSC's current ROE % is 17.33%, which is 12% above median its own 10-year median of 15.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates NBD PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emirates NBD PJSC (DFM:EMIRATESNBD) is currently considered Modestly Overvalued. The stock's GF Value™ is د.إ25.21, compared to a current price of د.إ30.62 — trading 21.5% above its estimated fair value. The current ROE % is 17.33%, which is 12% above median its 10-year median of 15.51 and 65.2% above the Banks industry median of 10.49. Emirates NBD PJSC's overall GF Score™ is 74/100 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 Emirates NBD PJSC (DFM:EMIRATESNBD), the current ROE % is 17.33% as of Jun. 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 Emirates NBD PJSC (DFM:EMIRATESNBD) Overvalued in 2026?
Based on GuruFocus' analysis, Emirates NBD PJSC stock appears to be overvalued.
The current stock price of د.إ30.62 is trading 21.5% above its estimated GF Value™ of د.إ25.21.
GuruFocus considers Emirates NBD PJSC to be Modestly Overvalued.
Key valuation signals for DFM:EMIRATESNBD:
ROE %: 17.33% (12% above median its 10-year median of 15.51)
GF Value™: د.إ25.21 vs. price of د.إ30.62 (21.5% above fair value)
Industry Position: 65.2% above the Banks median (#208 of 1521)
No single metric tells the full story. See the DFM:EMIRATESNBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emirates NBD PJSC provides banking services. The company's operating segment includes Corporate and Institutional Banking; Retail Banking and Wealth Management; Global Markets and Treasury activities; DenizBank and others. It generates maximum revenue from the Retail Banking and Wealth Management segment. The Retail Banking and Wealth Management segment represents retail loans and deposits, private banking and wealth management, equity broking services, asset management, and consumer financing in the UAE and Egypt.
74GF Score
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