KONE OyjHAM:KC4 -0.93%87 ROE % is 34.65% as of Mar. 2026, which is 8% above its 10-year median of 32.06. GuruFocus rates HAM:KC4 with a GF Score™ of 87/100 and a GF Value™ of €51.41 (Fairly Valued). The stock has 3 warning signs investors should review. Among 3,009 Industrial Products companies, KONE Oyj ranks better than 98.11% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. KONE Oyj's annualized net income for the quarter that ended in Mar. 2026 was €849 Mil. KONE Oyj's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €2,450 Mil. Therefore, KONE Oyj's annualized ROE % for the quarter that ended in Mar. 2026 was 34.65%.
The historical rank and industry rank for KONE Oyj's ROE % or its related term are showing as below:
HAM:KC4'
s ROE % Range Over the Past 10 Years
Min: 25.77 Med: 32.06 Max: 41.69
Current: 41.69
During the past 13 years, KONE Oyj's highest ROE % was 41.69%. The lowest was 25.77%. And the median was 32.06%.
HAM:KC4's ROE % is ranked better than 98.11% of 3009
companies
in the Industrial Products industry
Industry Median: 5.91
vs HAM:KC4: 41.69
KONE Oyj (HAM:KC4) 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.
KONE Oyj ROE % Related Terms
KONE Oyj ROE % Historical Data
* Premium members only.
The historical data trend for KONE Oyj'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 Specialty Industrial Machinery subindustry, KONE Oyj'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.
KONE Oyj ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, KONE Oyj's ROE % distribution charts can be found below:
* The bar in red indicates where KONE Oyj'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.
KONE Oyj (HAM:KC4) has a ROE % of 34.65% 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 KONE Oyj and its competitors. This is near median its historical median of 32.06. Over the past decade, KONE Oyj's ROE % has ranged from 25.77 to 41.69. According to the industry distribution chart, KONE Oyj ranks #57 out of 3009 companies in the Industrial Products industry, placing it in the top 1.9%.
Is KONE Oyj's ROE % too high?
KONE Oyj's current ROE % of 34.65% is near median its 10-year median of 32.06. Over the past 10 years, this metric has ranged from a low of 25.77 to a high of 41.69. The Industrial Products industry median ROE % is 5.91. KONE Oyj's value of 34.65% is 486.3% above this industry median. Based on the distribution chart, KONE Oyj ranks #57 out of 3009 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, KONE Oyj has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KONE Oyj's ROE % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, KONE Oyj ranks #57 out of 3009 companies for ROE %. This places KONE Oyj in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 5.91. KONE Oyj's value of 34.65% is 486.3% above this benchmark. Historically, KONE Oyj's own ROE % has ranged from 25.77 to 41.69 over the past decade. While the company's 10-year median is 32.06 vs. the industry median of 5.91, KONE Oyj 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 Industrial Products company?
The median ROE % among Industrial Products companies is 5.91, based on 3,009 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. KONE Oyj's current ROE % of 34.65% is 486.3% 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 KONE Oyj and its competitors. For the Industrial Products industry, the median ROE % is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KONE Oyj's current ROE % is 34.65%, which is near median its own 10-year median of 32.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KONE Oyj stock overvalued right now?
Based on GuruFocus' analysis, KONE Oyj (HAM:KC4) is currently considered Fairly Valued. The stock's GF Value™ is €51.41, compared to a current price of €48.86 — trading 5% below its estimated fair value. The current ROE % is 34.65%, which is near median its 10-year median of 32.06 and 486.3% above the Industrial Products industry median of 5.91. KONE Oyj's overall GF Score™ is 87/100 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 KONE Oyj (HAM:KC4), the current ROE % is 34.65% 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 KONE Oyj (HAM:KC4) Overvalued in 2026?
Based on GuruFocus' analysis, KONE Oyj stock appears to be undervalued.
The current stock price of €48.86 is trading 5% below its estimated GF Value™ of €51.41.
GuruFocus considers KONE Oyj to be Fairly Valued.
Key valuation signals for HAM:KC4:
ROE %: 34.65% (near median its 10-year median of 32.06)
GF Value™: €51.41 vs. price of €48.86 (5% below fair value)
Industry Position: 486.3% above the Industrial Products median (#57 of 3009)
No single metric tells the full story. See the HAM:KC4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to closest competitors Otis, Schindler, and TK Elevator.
87GF Score
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