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MDU Resources GroupFRA:MRE -0.58%74 ROE % is 11.46% as of Mar. 2026, which is 1% above its 10-year median of 11.30. GuruFocus rates FRA:MRE with a GF Score™ of 74/100 and a GF Value™ of €15.23 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 503 Utilities - Regulated companies, MDU Resources Group ranks worse than 62.03% on this metric.
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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
MDU Resources Group ROE % Related Terms
MDU Resources Group ROE % Historical Data
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The historical data trend for MDU Resources Group'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 - Regulated Gas subindustry, MDU Resources Group'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.
MDU Resources Group ROE % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, MDU Resources Group's ROE % distribution charts can be found below:
* The bar in red indicates where MDU Resources Group'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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
MDU Resources Group (FRA:MRE) has a ROE % of 11.46% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on MDU Resources Group and its competitors. This is near median its historical median of 11.30. Over the past decade, MDU Resources Group's ROE % has ranged from 2.73 to 13.17. According to the industry distribution chart, MDU Resources Group ranks #312 out of 503 companies in the Utilities - Regulated industry, placing it in the top 62%.
Is MDU Resources Group's ROE % too high?
MDU Resources Group's current ROE % of 11.46% is near median its 10-year median of 11.30. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 13.17. The Utilities - Regulated industry median ROE % is 8.68. MDU Resources Group's value of 11.46% is 32% above this industry median. Based on the distribution chart, MDU Resources Group ranks #312 out of 503 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, MDU Resources Group has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MDU Resources Group's ROE % compare to SR and OGS?
According to the Utilities - Regulated industry distribution chart, MDU Resources Group ranks #312 out of 503 companies for ROE %. This places MDU Resources Group in the lower half of its industry. The industry median ROE % is 8.68. MDU Resources Group's value of 11.46% is 32% above this benchmark. Historically, MDU Resources Group's own ROE % has ranged from 2.73 to 13.17 over the past decade. While the company's 10-year median is 11.30 vs. the industry median of 8.68, MDU Resources Group 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 - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.68, based on 503 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. MDU Resources Group's current ROE % of 11.46% is 32% 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 MDU Resources Group and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MDU Resources Group's current ROE % is 11.46%, which is near median its own 10-year median of 11.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDU Resources Group stock overvalued right now?
Based on GuruFocus' analysis, MDU Resources Group (FRA:MRE) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.23, compared to a current price of €17.20 — trading 12.9% above its estimated fair value. The current ROE % is 11.46%, which is near median its 10-year median of 11.30 and 32% above the Utilities - Regulated industry median of 8.68. MDU Resources Group'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 MDU Resources Group (FRA:MRE), the current ROE % is 11.46% 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 MDU Resources Group (FRA:MRE) Overvalued in 2026?
Based on GuruFocus' analysis, MDU Resources Group stock appears to be overvalued.
The current stock price of €17.20 is trading 12.9% above its estimated GF Value™ of €15.23.
GuruFocus considers MDU Resources Group to be Modestly Overvalued.
Key valuation signals for FRA:MRE:
ROE %: 11.46% (near median its 10-year median of 11.30)
GF Value™: €15.23 vs. price of €17.20 (12.9% above fair value)
Industry Position: 32% above the Utilities - Regulated median (#312 of 503)
No single metric tells the full story. See the FRA:MRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MDU Resources Group Inc is a pure-play regulated energy delivery business. It is organized into three reportable business segments: Electric, Natural Gas Distribution, and Pipeline. Maximum revenue is generated from the Pipeline segment, which provides natural gas transportation and underground storage services through a FERC-regulated pipeline system mainly in the Rocky Mountain and northern Great Plains regions of the United States. This segment also provides non-regulated energy-related services, including cathodic protection. The electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming, and the natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon, and Washington.
74GF Score
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