ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Vodafone Group's annualized net income for the quarter that ended in Mar. 2026 was MXN-51,117 Mil. Vodafone Group's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was MXN1,096,369 Mil. Therefore, Vodafone Group's annualized ROE % for the quarter that ended in Mar. 2026 was -4.66%.
The historical rank and industry rank for Vodafone Group's ROE % or its related term are showing as below:
MEX:VOD1N'
s ROE % Range Over the Past 10 Years
Min: -12.17 Med: -0.34 Max: 20.53
Current: -0.77
During the past 13 years, Vodafone Group's highest ROE % was 20.53%. The lowest was -12.17%. And the median was -0.34%.
MEX:VOD1N's ROE % is ranked worse than 77.08% of 349
companies
in the Telecommunication Services industry
Industry Median: 7.41
vs MEX:VOD1N: -0.77
Vodafone Group (MEX:VOD1N) 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 two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.
Vodafone Group ROE % Related Terms
Vodafone Group ROE % Historical Data
* Premium members only.
The historical data trend for Vodafone Group'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 Telecom Services subindustry, Vodafone Group'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.
Vodafone Group ROE % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Vodafone Group's ROE % distribution charts can be found below:
* The bar in red indicates where Vodafone Group'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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Vodafone Group (MEX:VOD1N) has a ROE % of -4.66% 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 Vodafone Group and its competitors. According to the industry distribution chart, Vodafone Group ranks #269 out of 349 companies in the Telecommunication Services industry, placing it in the top 77.1%.
Is Vodafone Group's ROE % too high?
Vodafone Group's current ROE % is -4.66%. Based on the distribution chart, Vodafone Group ranks #269 out of 349 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Vodafone Group has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vodafone Group's ROE % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Vodafone Group ranks #269 out of 349 companies for ROE %. This places Vodafone Group in the lower half of its industry. The industry median ROE % is 7.41. 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 Telecommunication Services company?
The median ROE % among Telecommunication Services companies is 7.41, based on 349 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 Vodafone Group and its competitors. For the Telecommunication Services industry, the median ROE % is 7.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodafone Group's current ROE % is -4.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodafone Group stock overvalued right now?
Based on GuruFocus' analysis, Vodafone Group (MEX:VOD1N) is currently considered Fairly Valued. The stock's GF Value™ is MXN23.87, compared to a current price of MXN26.10 — trading 9.3% above its estimated fair value. The current ROE % is -4.66%. Vodafone Group's overall GF Score™ is 39/100 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 Vodafone Group (MEX:VOD1N), the current ROE % is -4.66% 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 Vodafone Group (MEX:VOD1N) Overvalued in 2026?
Based on GuruFocus' analysis, Vodafone Group stock appears to be overvalued.
The current stock price of MXN26.10 is trading 9.3% above its estimated GF Value™ of MXN23.87.
GuruFocus considers Vodafone Group to be Fairly Valued.
Key valuation signals for MEX:VOD1N:
ROE %: -4.66%
GF Value™: MXN23.87 vs. price of MXN26.10 (9.3% above fair value)
No single metric tells the full story. See the MEX:VOD1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vodafone operates mobile and fixed-line networks and businesses across Europe, Africa, and the Middle East. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns two cable networks after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the UK, Vodafone merged with CK Hutchison in 2024, consolidating the mobile market. It also divested its Spanish and Italian divisions in that same year, given their low returns on invested capital.
39GF Score
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