Sandvik ABHAM:SVKB -2.20%82 ROE % is 16.11% as of Mar. 2026, which is 6% above its 10-year median of 15.26. GuruFocus rates HAM:SVKB with a GF Score™ of 82/100 and a GF Value™ of €20.49 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,009 Industrial Products companies, Sandvik AB ranks better than 83.95% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Sandvik AB's annualized net income for the quarter that ended in Mar. 2026 was €1,439 Mil. Sandvik AB's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €8,935 Mil. Therefore, Sandvik AB's annualized ROE % for the quarter that ended in Mar. 2026 was 16.11%.
The historical rank and industry rank for Sandvik AB's ROE % or its related term are showing as below:
HAM:SVKB'
s ROE % Range Over the Past 10 Years
Min: 13.27 Med: 15.26 Max: 29.98
Current: 15.95
During the past 13 years, Sandvik AB's highest ROE % was 29.98%. The lowest was 13.27%. And the median was 15.26%.
HAM:SVKB's ROE % is ranked better than 83.95% of 3009
companies
in the Industrial Products industry
Industry Median: 5.91
vs HAM:SVKB: 15.95
Sandvik AB (HAM:SVKB) 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.
Sandvik AB ROE % Related Terms
Sandvik AB ROE % Historical Data
* Premium members only.
The historical data trend for Sandvik AB'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, Sandvik AB'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.
Sandvik AB ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sandvik AB's ROE % distribution charts can be found below:
* The bar in red indicates where Sandvik AB'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.
Sandvik AB (HAM:SVKB) has a ROE % of 16.11% 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 Sandvik AB and its competitors. This is near median its historical median of 15.26. Over the past decade, Sandvik AB's ROE % has ranged from 13.27 to 29.98. According to the industry distribution chart, Sandvik AB ranks #483 out of 3009 companies in the Industrial Products industry, placing it in the top 16.1%.
Is Sandvik AB's ROE % too high?
Sandvik AB's current ROE % of 16.11% is near median its 10-year median of 15.26. Over the past 10 years, this metric has ranged from a low of 13.27 to a high of 29.98. The Industrial Products industry median ROE % is 5.91. Sandvik AB's value of 16.11% is 172.6% above this industry median. Based on the distribution chart, Sandvik AB ranks #483 out of 3009 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sandvik AB has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandvik AB's ROE % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Sandvik AB ranks #483 out of 3009 companies for ROE %. This places Sandvik AB in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 5.91. Sandvik AB's value of 16.11% is 172.6% above this benchmark. Historically, Sandvik AB's own ROE % has ranged from 13.27 to 29.98 over the past decade. While the company's 10-year median is 15.26 vs. the industry median of 5.91, Sandvik AB 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. Sandvik AB's current ROE % of 16.11% is 172.6% 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 Sandvik AB 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. Sandvik AB's current ROE % is 16.11%, which is near median its own 10-year median of 15.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandvik AB stock overvalued right now?
Based on GuruFocus' analysis, Sandvik AB (HAM:SVKB) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.49, compared to a current price of €35.49 — trading 73.2% above its estimated fair value. The current ROE % is 16.11%, which is near median its 10-year median of 15.26 and 172.6% above the Industrial Products industry median of 5.91. Sandvik AB's overall GF Score™ is 82/100 with 7 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 Sandvik AB (HAM:SVKB), the current ROE % is 16.11% 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 Sandvik AB (HAM:SVKB) Overvalued in 2026?
Based on GuruFocus' analysis, Sandvik AB stock appears to be overvalued.
The current stock price of €35.49 is trading 73.2% above its estimated GF Value™ of €20.49.
GuruFocus considers Sandvik AB to be Significantly Overvalued.
Key valuation signals for HAM:SVKB:
ROE %: 16.11% (near median its 10-year median of 15.26)
GF Value™: €20.49 vs. price of €35.49 (73.2% above fair value)
Industry Position: 172.6% above the Industrial Products median (#483 of 3009)
No single metric tells the full story. See the HAM:SVKB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The group is composed of three segments: mining and rock solutions, rock processing, and machining. Sandvik was founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.
82GF Score
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