ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. JSC VTB Bank's annualized net income for the quarter that ended in Jun. 2023 was ₽570,000 Mil. JSC VTB Bank's average Total Stockholders Equity over the quarter that ended in Jun. 2023 was ₽1,747,550 Mil. Therefore, JSC VTB Bank's annualized ROE % for the quarter that ended in Jun. 2023 was 32.62%.
The historical rank and industry rank for JSC VTB Bank's ROE % or its related term are showing as below:
MIC:VTBR's ROE % is not ranked *
in the Banks industry.
Industry Median: 10.22 * Ranked among companies with meaningful ROE % only.
JSC VTB Bank (MIC:VTBR) 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 (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.
JSC VTB Bank ROE % Related Terms
JSC VTB Bank ROE % Historical Data
* Premium members only.
The historical data trend for JSC VTB Bank'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 Banks - Regional subindustry, JSC VTB Bank'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.
JSC VTB Bank ROE % vs Banks Industry
For the Banks industry and Financial Services sector, JSC VTB Bank's ROE % distribution charts can be found below:
* The bar in red indicates where JSC VTB Bank'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 (Jun. 2023) net income data.
ROE % is displayed in the 30-year financial page.
JSC VTB Bank (MIC:VTBR) has a ROE % of 32.62% as of Jun. 2023. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on JSC VTB Bank and its competitors.
Is JSC VTB Bank's ROE % too high?
JSC VTB Bank's current ROE % is 32.62%. The Banks industry median ROE % is 10.22. JSC VTB Bank's value of 32.62% is 219.2% above this industry median. Overall, JSC VTB Bank has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does JSC VTB Bank's ROE % compare to USB and PNC?
JSC VTB Bank's ROE % of 32.62% can be compared against companies in the Banks industry. The industry median ROE % is 10.22. JSC VTB Bank's value of 32.62% is 219.2% above this benchmark. 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 Banks company?
The median ROE % among Banks companies is 10.22, based on 1,524 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. JSC VTB Bank's current ROE % of 32.62% is 219.2% 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 JSC VTB Bank and its competitors. For the Banks industry, the median ROE % is 10.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSC VTB Bank's current ROE % is 32.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSC VTB Bank stock overvalued right now?
JSC VTB Bank (MIC:VTBR) has a current ROE % of 32.62%. The current ROE % is 32.62% and 219.2% above the Banks industry median of 10.22. JSC VTB Bank's overall GF Score™ is 17/100. 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 JSC VTB Bank (MIC:VTBR), the current ROE % is 32.62% as of Jun. 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.
JSC VTB Bank and its subsidiaries are providers of banking products and services, domiciled in the Russian Federation. The bank earns the majority of its revenue domestically. Its revenue driver of the bank is the corporate/investment banking segment, which offers services such as commercial lending, currencies, export and import transactions, securities trading, derivatives, broking, dealing, corporate finance, asset management, and financial consulting.
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