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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Develop North's annualized net income for the quarter that ended in May. 2026 was £-0.36 Mil. Develop North's average Total Stockholders Equity over the quarter that ended in May. 2026 was £19.41 Mil. Therefore, Develop North's annualized ROE % for the quarter that ended in May. 2026 was -1.84%.
The historical rank and industry rank for Develop North's ROE % or its related term are showing as below:
LSE:DVNO'
s ROE % Range Over the Past 10 Years
Min: -4.93 Med: 3.52 Max: 7.75
Current: -1.32
During the past 10 years, Develop North's highest ROE % was 7.75%. The lowest was -4.93%. And the median was 3.52%.
LSE:DVNO's ROE % is ranked worse than 68.22% of 1611
companies
in the Asset Management industry
Industry Median: 6.86
vs LSE:DVNO: -1.32
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 two times the semi-annual (May. 2026) net income data. The Revenue data used here is two times the semi-annual (May. 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.
Develop North ROE % Related Terms
Develop North ROE % Historical Data
* Premium members only.
The historical data trend for Develop North'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 Asset Management subindustry, Develop North'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.
Develop North ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Develop North's ROE % distribution charts can be found below:
* The bar in red indicates where Develop North'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 two times the semi-annual (May. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Develop North (LSE:DVNO) has a ROE % of -1.84% as of May. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Develop North and its competitors. According to the industry distribution chart, Develop North ranks #1099 out of 1611 companies in the Asset Management industry, placing it in the top 68.2%.
Is Develop North's ROE % too high?
Develop North's current ROE % is -1.84%. Based on the distribution chart, Develop North ranks #1099 out of 1611 companies in the Asset Management industry, which is below the industry midpoint. Overall, Develop North has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Develop North's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Develop North ranks #1099 out of 1611 companies for ROE %. This places Develop North in the lower half of its industry. The industry median ROE % is 6.86. 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 Asset Management company?
The median ROE % among Asset Management companies is 6.86, based on 1,611 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. 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 Develop North and its competitors. For the Asset Management industry, the median ROE % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Develop North's current ROE % is -1.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develop North stock overvalued right now?
Based on GuruFocus' analysis, Develop North (LSE:DVNO) is currently considered Fairly Valued. The stock's GF Value™ is £0.81, compared to a current price of £0.75 — trading 7.4% below its estimated fair value. The current ROE % is -1.84%. Develop North's overall GF Score™ is 32/100 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 Develop North (LSE:DVNO), the current ROE % is -1.84% as of May. 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 Develop North (LSE:DVNO) Overvalued in 2026?
Based on GuruFocus' analysis, Develop North stock appears to be undervalued.
The current stock price of £0.75 is trading 7.4% below its estimated GF Value™ of £0.81.
GuruFocus considers Develop North to be Fairly Valued.
Key valuation signals for LSE:DVNO:
ROE %: -1.84%
GF Value™: £0.81 vs. price of £0.75 (7.4% below fair value)
No single metric tells the full story. See the LSE:DVNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Develop North PLC is a closed-end investment company. The investment objective of the company is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term, Its portfolio consists of Apartment Group, Claypath, Dickinson Apartments, St Margaret's Place, Whitley Court, The Millhouse, AM Number Three, Almscliffe, Horizon Middleton Towers, Harrow Living, Jaymac Solutions, Apartment Group, Cutler House Road, Kenley Homes, Horizon Cremation, and Bede Homes.
32GF Score
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