Evolution AB (MEX:EVON) ROE %: 23.93% (As of Mar. 2026) — 21% Below Median


MEX:EVON Evolution AB MEX:EVON
99 GF Score
Price MXN1,485.00
GF Value MXN2,300.74
! 2 Warning Signs
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What is Evolution AB ROE %?

Evolution AB MEX:EVON 99 ROE % is 23.93% as of Mar. 2026, which is 21% below its 10-year median of 30.27. GuruFocus rates MEX:EVON with a GF Score™ of 99/100 and a GF Value™ of MXN2,300.74. The stock has 2 warning signs investors should review. Among 824 Travel & Leisure companies, Evolution AB ranks better than 87.01% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Evolution AB's annualized net income for the quarter that ended in Mar. 2026 was MXN21,008 Mil. Evolution AB's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was MXN87,792 Mil. Therefore, Evolution AB's annualized ROE % for the quarter that ended in Mar. 2026 was 23.93%.

The historical rank and industry rank for Evolution AB's ROE % or its related term are showing as below:

MEX:EVON' s ROE % Range Over the Past 10 Years
Min: 18.88   Med: 30.27   Max: 72.09
Current: 26.33

During the past 13 years, Evolution AB's highest ROE % was 72.09%. The lowest was 18.88%. And the median was 30.27%.

MEX:EVON's ROE % is ranked better than
87.01% of 824 companies
in the Travel & Leisure industry
Industry Median: 5.485 vs MEX:EVON: 26.33

Evolution AB  (MEX:EVON) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=21008.16/87791.6555
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21008.16 / 42781.404)*(42781.404 / 119166.748)*(119166.748 / 87791.6555)
=Net Margin %*Asset Turnover*Equity Multiplier
=49.11 %*0.359*1.3574
=ROA %*Equity Multiplier
=17.63 %*1.3574
=23.93 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=21008.16/87791.6555
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (21008.16 / 25024.216) * (25024.216 / 24400.392) * (24400.392 / 42781.404) * (42781.404 / 119166.748) * (119166.748 / 87791.6555)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8395 * 1.0256 * 57.04 % * 0.359 * 1.3574
=23.93 %

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.


Evolution AB ROE % Related Terms


Evolution AB ROE % Historical Data

* Premium members only.

The historical data trend for Evolution 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.

Evolution AB ROE % Chart

Evolution AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.06 23.95 27.22 33.77 25.94

Evolution AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.13 24.86 26.63 30.77 23.93

MEX:EVON vs FLUT, DKNG, LNWO: ROE % Comparison

For the Gambling subindustry, Evolution 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.


Evolution AB ROE % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Evolution AB's ROE % distribution charts can be found below:

* The bar in red indicates where Evolution AB's ROE % falls into.


MEX:EVON
99GF Score
Evolution AB MEX:EVON
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Evolution AB ROE % Calculation

Evolution AB's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=22393.187/( (86738.638+85947.679)/ 2 )
=22393.187/86343.1585
=25.94 %

Evolution AB's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=21008.16/( (85947.679+89635.632)/ 2 )
=21008.16/87791.6555
=23.93 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 23.93% mean?
Evolution AB (MEX:EVON) has a ROE % of 23.93% 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 Evolution AB and its competitors. This is 21% below median its historical median of 30.27. Over the past decade, Evolution AB's ROE % has ranged from 18.88 to 72.09. According to the industry distribution chart, Evolution AB ranks #107 out of 824 companies in the Travel & Leisure industry, placing it in the top 13%.
Is Evolution AB's ROE % too high?
Evolution AB's current ROE % of 23.93% is 21% below median its 10-year median of 30.27. Over the past 10 years, this metric has ranged from a low of 18.88 to a high of 72.09. The Travel & Leisure industry median ROE % is 5.49. Evolution AB's value of 23.93% is 336.3% above this industry median. Based on the distribution chart, Evolution AB ranks #107 out of 824 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Evolution AB has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does Evolution AB's ROE % compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Evolution AB ranks #107 out of 824 companies for ROE %. This places Evolution AB in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 5.49. Evolution AB's value of 23.93% is 336.3% above this benchmark. Historically, Evolution AB's own ROE % has ranged from 18.88 to 72.09 over the past decade. While the company's 10-year median is 30.27 vs. the industry median of 5.49, Evolution 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 a Travel & Leisure company?
The median ROE % among Travel & Leisure companies is 5.49, based on 824 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. Evolution AB's current ROE % of 23.93% is 336.3% 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 Evolution AB and its competitors. For the Travel & Leisure industry, the median ROE % is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evolution AB's current ROE % is 23.93%, which is 21% below median its own 10-year median of 30.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution AB stock overvalued right now?
Evolution AB (MEX:EVON) has a current ROE % of 23.93%. The stock's GF Value™ is MXN2,300.74, compared to a current price of MXN1,485.00 — trading 35.5% below its estimated fair value. The current ROE % is 23.93%, which is 21% below median its 10-year median of 30.27 and 336.3% above the Travel & Leisure industry median of 5.49. Evolution AB's overall GF Score™ is 99/100 with 2 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 Evolution AB (MEX:EVON), the current ROE % is 23.93% 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 Evolution AB (MEX:EVON) Overvalued in 2026?

Based on GuruFocus' analysis, Evolution AB stock appears to be undervalued. The current stock price of MXN1,485.00 is trading 35.5% below its estimated GF Value™ of MXN2,300.74.

Key valuation signals for MEX:EVON:

  • ROE %: 23.93% (21% below median its 10-year median of 30.27)
  • GF Value™: MXN2,300.74 vs. price of MXN1,485.00 (35.5% below fair value)
  • GF Score™: 99/100 with 2 warning signs
  • Industry Position: 336.3% above the Travel & Leisure median (#107 of 824)

No single metric tells the full story. See the MEX:EVON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Evolution AB Business Description

Address Hamngatan 11, Stockholm, SWE, 111 47
Evolution AB develops, produces, markets, and licenses fully integrated live casino and slots solutions to gaming operators. In live casino, a game presenter (dealer) runs the game from a casino table, which is followed in real time via a video stream, while players place bets on devices such as computers, smartphones, and tablets. Its games include Live Casino, Slots, Game Shows, First Person, Live Blackjack, Live Roulette, Live Baccarat, Super Sic Bo & Dragon Tiger, Live Poker, and Land-Based games. The Company innovates, develops, and produces online casino content on a B2B basis and generates maximum revenue from Europe, followed by North America and other regions.
99GF Score

Get the complete analysis for MEX:EVON

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,485.00
Price
MXN2,300.74
GF Value