Warsaw Stock ExchangeFRA:WSX +0.30%90 ROE % is 23.87% as of Mar. 2026, which is 40% above its 10-year median of 17.09. GuruFocus rates FRA:WSX with a GF Score™ of 90/100 and a GF Value™ of €13.26 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 791 Capital Markets companies, Warsaw Stock Exchange ranks better than 79.77% on this metric.
The historical rank and industry rank for Warsaw Stock Exchange's ROE % or its related term are showing as below:
FRA:WSX'
s ROE % Range Over the Past 10 Years
Min: 13.61 Med: 17.09 Max: 21.83
Current: 19.17
During the past 13 years, Warsaw Stock Exchange's highest ROE % was 21.83%. The lowest was 13.61%. And the median was 17.09%.
FRA:WSX's ROE % is ranked better than 79.77% of 791
companies
in the Capital Markets industry
Industry Median: 6
vs FRA:WSX: 19.17
Warsaw Stock Exchange (FRA:WSX) 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:
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.
* 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 Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.
Warsaw Stock Exchange ROE % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's ROE % distribution charts can be found below:
* The bar in red indicates where Warsaw Stock Exchange'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.
Warsaw Stock Exchange (FRA:WSX) has a ROE % of 23.87% 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 Warsaw Stock Exchange and its competitors. This is 40% above median its historical median of 17.09. Over the past decade, Warsaw Stock Exchange's ROE % has ranged from 13.61 to 21.83. According to the industry distribution chart, Warsaw Stock Exchange ranks #160 out of 791 companies in the Capital Markets industry, placing it in the top 20.2%.
Is Warsaw Stock Exchange's ROE % too high?
Warsaw Stock Exchange's current ROE % of 23.87% is 40% above median its 10-year median of 17.09. Over the past 10 years, this metric has ranged from a low of 13.61 to a high of 21.83. The Capital Markets industry median ROE % is 6.00. Warsaw Stock Exchange's value of 23.87% is 297.8% above this industry median. Based on the distribution chart, Warsaw Stock Exchange ranks #160 out of 791 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Warsaw Stock Exchange has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warsaw Stock Exchange's ROE % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Warsaw Stock Exchange ranks #160 out of 791 companies for ROE %. This places Warsaw Stock Exchange in the top 20% of its industry — outperforming the majority of peers. The industry median ROE % is 6.00. Warsaw Stock Exchange's value of 23.87% is 297.8% above this benchmark. Historically, Warsaw Stock Exchange's own ROE % has ranged from 13.61 to 21.83 over the past decade. While the company's 10-year median is 17.09 vs. the industry median of 6.00, Warsaw Stock Exchange 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 Capital Markets company?
The median ROE % among Capital Markets companies is 6.00, based on 791 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. Warsaw Stock Exchange's current ROE % of 23.87% is 297.8% 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 Warsaw Stock Exchange and its competitors. For the Capital Markets industry, the median ROE % is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warsaw Stock Exchange's current ROE % is 23.87%, which is 40% above median its own 10-year median of 17.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warsaw Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Warsaw Stock Exchange (FRA:WSX) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.26, compared to a current price of €20.02 — trading 51% above its estimated fair value. The current ROE % is 23.87%, which is 40% above median its 10-year median of 17.09 and 297.8% above the Capital Markets industry median of 6.00. Warsaw Stock Exchange's overall GF Score™ is 90/100 with 8 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 Warsaw Stock Exchange (FRA:WSX), the current ROE % is 23.87% 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 Warsaw Stock Exchange (FRA:WSX) Overvalued in 2026?
Based on GuruFocus' analysis, Warsaw Stock Exchange stock appears to be overvalued.
The current stock price of €20.02 is trading 51% above its estimated GF Value™ of €13.26.
GuruFocus considers Warsaw Stock Exchange to be Significantly Overvalued.
Key valuation signals for FRA:WSX:
ROE %: 23.87% (40% above median its 10-year median of 17.09)
GF Value™: €13.26 vs. price of €20.02 (51% above fair value)
Industry Position: 297.8% above the Capital Markets median (#160 of 791)
No single metric tells the full story. See the FRA:WSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.
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