Pershing SquarePS +6.48%10 ROE % is -15.72% as of Dec. 2025. GuruFocus rates PS with a GF Score™ of 10/100. The stock has 1 warning sign investors should review. Among 1,612 Asset Management companies, Pershing Square ranks worse than 89.14% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Pershing Square's annualized net income for the quarter that ended in Dec. 2025 was $-210.1 Mil. Pershing Square's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was $1,336.3 Mil. Therefore, Pershing Square's annualized ROE % for the quarter that ended in Dec. 2025 was -15.72%.
The historical rank and industry rank for Pershing Square's ROE % or its related term are showing as below:
PS'
s ROE % Range Over the Past 10 Years
Min: -15.72 Med: -8.59 Max: -1.46
Current: -15.72
During the past 2 years, Pershing Square's highest ROE % was -1.46%. The lowest was -15.72%. And the median was -8.59%.
PS's ROE % is ranked worse than 89.14% of 1612
companies
in the Asset Management industry
Industry Median: 6.395
vs PS: -15.72
Pershing Square (NYSE:PS) 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 one times the annual (Dec. 2025) net income data. The Revenue data used here is one times the annual (Dec. 2025) 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.
Pershing Square ROE % Related Terms
Pershing Square ROE % Historical Data
* Premium members only.
The historical data trend for Pershing Square'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.
Pershing Square ROE % Chart
Pershing Square Annual Data
Trend
Dec24
Dec25
ROE %
-1.46
-15.72
Pershing Square Semi-Annual Data
Dec24
Dec25
ROE %
-1.46
-15.72
PS vs BEN, CG, PSLV: ROE % Comparison
For the Asset Management subindustry, Pershing Square'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.
Pershing Square ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pershing Square's ROE % distribution charts can be found below:
* The bar in red indicates where Pershing Square'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 one times the annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Pershing Square (PS) has a ROE % of -15.72% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Pershing Square and its competitors. According to the industry distribution chart, Pershing Square ranks #1437 out of 1612 companies in the Asset Management industry, placing it in the top 89.1%.
Is Pershing Square's ROE % too high?
Pershing Square's current ROE % is -15.72%. Based on the distribution chart, Pershing Square ranks #1437 out of 1612 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Pershing Square has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Pershing Square's ROE % compare to BEN and CG?
According to the Asset Management industry distribution chart, Pershing Square ranks #1437 out of 1612 companies for ROE %. This places Pershing Square in the lower half of its industry. The industry median ROE % is 6.40. 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 6.40, based on 1,612 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 Pershing Square and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pershing Square's current ROE % is -15.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pershing Square stock overvalued right now?
Pershing Square (PS) has a current ROE % of -15.72%. The current ROE % is -15.72%. Pershing Square's overall GF Score™ is 10/100 with 1 warning sign 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 Pershing Square (PS), the current ROE % is -15.72% as of Dec. 2025. 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.
Address787 Eleventh Avenue, 9th Floor, New York, NY, USA, 10019
Pershing Square Inc is a main alternative asset manager. It employs a disciplined, research-intensive approach to fundamental value investing to preserve and grow its permanent capital at high rates of return using a set of core investment principles and opportunistic asymmetric hedges. The group generates all of its revenue from management fees and performance fees. It conductbusiness and generates all of its revenues in the United States.
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