Grupo Financiero BanorteB de CV (STU:4FN) ROE %: 24.37% (As of Mar. 2026) — 24% Above Median


STU:4FN Grupo Financiero Banorte SAB de CV STU:4FN
76 GF Score
Price €9.20
GF Value €8.33
Valuation Fairly Valued
! 6 Warning Signs
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What is Grupo Financiero BanorteB de CV ROE %?

Grupo Financiero BanorteB de CV STU:4FN +2.22% 76 ROE % is 24.37% as of Mar. 2026, which is 24% above its 10-year median of 19.64. GuruFocus rates STU:4FN with a GF Score™ of 76/100 and a GF Value™ of €8.33 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,524 Banks companies, Grupo Financiero BanorteB de CV ranks better than 94.62% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Grupo Financiero BanorteB de CV's annualized net income for the quarter that ended in Mar. 2026 was €2,966 Mil. Grupo Financiero BanorteB de CV's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €12,170 Mil. Therefore, Grupo Financiero BanorteB de CV's annualized ROE % for the quarter that ended in Mar. 2026 was 24.37%.

The historical rank and industry rank for Grupo Financiero BanorteB de CV's ROE % or its related term are showing as below:

STU:4FN' s ROE % Range Over the Past 10 Years
Min: 13.98   Med: 19.64   Max: 23.59
Current: 22.8

During the past 13 years, Grupo Financiero BanorteB de CV's highest ROE % was 23.59%. The lowest was 13.98%. And the median was 19.64%.

STU:4FN's ROE % is ranked better than
94.62% of 1524 companies
in the Banks industry
Industry Median: 10.22 vs STU:4FN: 22.80

Grupo Financiero BanorteB de CV  (STU:4FN) 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
=2965.988/12170.134
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2965.988 / 13026.748)*(13026.748 / 124846.7245)*(124846.7245 / 12170.134)
=Net Margin %*Asset Turnover*Equity Multiplier
=22.77 %*0.1043*10.2585
=ROA %*Equity Multiplier
=2.37 %*10.2585
=24.37 %

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
=2965.988/12170.134
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2965.988 / 4233.152) * (4233.152 / 13026.748) * (13026.748 / 124846.7245) * (124846.7245 / 12170.134)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.7007 * 32.5 % * 0.1043 * 10.2585
=24.37 %

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.


Grupo Financiero BanorteB de CV ROE % Related Terms


Grupo Financiero BanorteB de CV ROE % Historical Data

* Premium members only.

The historical data trend for Grupo Financiero BanorteB de CV'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.

Grupo Financiero BanorteB de CV ROE % Chart

Grupo Financiero BanorteB de CV 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 15.68 20.42 22.75 20.67 24.00

Grupo Financiero BanorteB de CV 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 23.54 -1.04 44.08 25.08 24.37

STU:4FN vs PNC, USB: ROE % Comparison

For the Banks - Regional subindustry, Grupo Financiero BanorteB de CV'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.


Grupo Financiero BanorteB de CV ROE % vs Banks Industry

For the Banks industry and Financial Services sector, Grupo Financiero BanorteB de CV's ROE % distribution charts can be found below:

* The bar in red indicates where Grupo Financiero BanorteB de CV's ROE % falls into.


STU:4FN
76GF Score
Grupo Financiero Banorte SAB de CV STU:4FN
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Grupo Financiero BanorteB de CV ROE % Calculation

Grupo Financiero BanorteB de CV'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 )
=2788.281/( (11420.647+11814.196)/ 2 )
=2788.281/11617.4215
=24.00 %

Grupo Financiero BanorteB de CV'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 )
=2965.988/( (11814.196+12526.072)/ 2 )
=2965.988/12170.134
=24.37 %

* 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 24.37% mean?
Grupo Financiero BanorteB de CV (STU:4FN) has a ROE % of 24.37% 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 Grupo Financiero BanorteB de CV and its competitors. This is 24% above median its historical median of 19.64. Over the past decade, Grupo Financiero BanorteB de CV's ROE % has ranged from 13.98 to 23.59. According to the industry distribution chart, Grupo Financiero BanorteB de CV ranks #82 out of 1524 companies in the Banks industry, placing it in the top 5.4%.
Is Grupo Financiero BanorteB de CV's ROE % too high?
Grupo Financiero BanorteB de CV's current ROE % of 24.37% is 24% above median its 10-year median of 19.64. Over the past 10 years, this metric has ranged from a low of 13.98 to a high of 23.59. The Banks industry median ROE % is 10.22. Grupo Financiero BanorteB de CV's value of 24.37% is 138.5% above this industry median. Based on the distribution chart, Grupo Financiero BanorteB de CV ranks #82 out of 1524 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Grupo Financiero BanorteB de CV has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grupo Financiero BanorteB de CV's ROE % compare to PNC and USB?
According to the Banks industry distribution chart, Grupo Financiero BanorteB de CV ranks #82 out of 1524 companies for ROE %. This places Grupo Financiero BanorteB de CV in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 10.22. Grupo Financiero BanorteB de CV's value of 24.37% is 138.5% above this benchmark. Historically, Grupo Financiero BanorteB de CV's own ROE % has ranged from 13.98 to 23.59 over the past decade. While the company's 10-year median is 19.64 vs. the industry median of 10.22, Grupo Financiero BanorteB de CV 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 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. Grupo Financiero BanorteB de CV's current ROE % of 24.37% is 138.5% 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 Grupo Financiero BanorteB de CV 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. Grupo Financiero BanorteB de CV's current ROE % is 24.37%, which is 24% above median its own 10-year median of 19.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Financiero BanorteB de CV stock overvalued right now?
Based on GuruFocus' analysis, Grupo Financiero BanorteB de CV (STU:4FN) is currently considered Fairly Valued. The stock's GF Value™ is €8.33, compared to a current price of €9.20 — trading 10.4% above its estimated fair value. The current ROE % is 24.37%, which is 24% above median its 10-year median of 19.64 and 138.5% above the Banks industry median of 10.22. Grupo Financiero BanorteB de CV's overall GF Score™ is 76/100 with 6 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 Grupo Financiero BanorteB de CV (STU:4FN), the current ROE % is 24.37% 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 Grupo Financiero BanorteB de CV (STU:4FN) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Financiero BanorteB de CV stock appears to be overvalued. The current stock price of €9.20 is trading 10.4% above its estimated GF Value™ of €8.33. GuruFocus considers Grupo Financiero BanorteB de CV to be Fairly Valued.

Key valuation signals for STU:4FN:

  • ROE %: 24.37% (24% above median its 10-year median of 19.64)
  • GF Value™: €8.33 vs. price of €9.20 (10.4% above fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 138.5% above the Banks median (#82 of 1524)

No single metric tells the full story. See the STU:4FN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupo Financiero BanorteB de CV Business Description

Address Avenue Prolongacion Reforma 1230, Col. Cruz Manca Santa Fe, Delegacion Cuajimalpa, Mexico, MEX, MEX, 05349
Grupo Financiero Banorte SAB de CV main activity are the execution of financial operations such as the provision of services of commercial banking, brokerage, leasing, financial factoring, warehousing services in general, pensions, life and damage insurance, as well as disposal, management, collection and negotiation, in any form, with credit rights. Its business segments are Retail Banking, SME Banking, Wholesale Banking, Middle-market and Corporate Banking, Transactional Banking, Government Banking, International Banking, etc.
76GF Score

Get the complete analysis for STU:4FN

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

€9.20
Price
€8.33
GF Value