ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PJSC Lukoil's annualized net income for the quarter that ended in Sep. 2023 was £5,868.02 Mil. PJSC Lukoil's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was £13,660.59 Mil. Therefore, PJSC Lukoil's annualized ROE % for the quarter that ended in Sep. 2023 was 42.96%.
The historical rank and industry rank for PJSC Lukoil's ROE % or its related term are showing as below:
LSE:31KX'
s ROE % Range Over the Past 10 Years
Min: 0.64 Med: 13.28 Max: 70.75
Current: 53.23
During the past 13 years, PJSC Lukoil's highest ROE % was 70.75%. The lowest was 0.64%. And the median was 13.28%.
LSE:31KX's ROE % is not ranked
in the Oil & Gas industry.
Industry Median: 5.795
vs LSE:31KX: 53.23
PJSC Lukoil (LSE:31KX) 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 (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) 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.
PJSC Lukoil ROE % Related Terms
PJSC Lukoil ROE % Historical Data
* Premium members only.
The historical data trend for PJSC Lukoil'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 Oil & Gas Integrated subindustry, PJSC Lukoil'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.
PJSC Lukoil ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PJSC Lukoil's ROE % distribution charts can be found below:
* The bar in red indicates where PJSC Lukoil'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 (Sep. 2023) net income data.
ROE % is displayed in the 30-year financial page.
PJSC Lukoil (LSE:31KX) has a ROE % of 42.96% as of Sep. 2023. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on PJSC Lukoil and its competitors. This is 223% above median its historical median of 13.28. Over the past decade, PJSC Lukoil's ROE % has ranged from 0.64 to 70.75.
Is PJSC Lukoil's ROE % too high?
PJSC Lukoil's current ROE % of 42.96% is 223% above median its 10-year median of 13.28. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 70.75. The Oil & Gas industry median ROE % is 5.80. PJSC Lukoil's value of 42.96% is 641.3% above this industry median. Overall, PJSC Lukoil has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Lukoil's ROE % compare to XOM and CVX?
PJSC Lukoil's ROE % of 42.96% can be compared against companies in the Oil & Gas industry. The industry median ROE % is 5.80. PJSC Lukoil's value of 42.96% is 641.3% above this benchmark. Historically, PJSC Lukoil's own ROE % has ranged from 0.64 to 70.75 over the past decade. While the company's 10-year median is 13.28 vs. the industry median of 5.80, PJSC Lukoil 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 Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.80, based on 960 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. PJSC Lukoil's current ROE % of 42.96% is 641.3% 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 PJSC Lukoil and its competitors. For the Oil & Gas industry, the median ROE % is 5.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Lukoil's current ROE % is 42.96%, which is 223% above median its own 10-year median of 13.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Lukoil stock overvalued right now?
PJSC Lukoil (LSE:31KX) has a current ROE % of 42.96%. The current ROE % is 42.96%, which is 223% above median its 10-year median of 13.28 and 641.3% above the Oil & Gas industry median of 5.80. PJSC Lukoil's overall GF Score™ is 17/100 with 6 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 PJSC Lukoil (LSE:31KX), the current ROE % is 42.96% as of Sep. 2023. 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.
PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.
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