The historical rank and industry rank for Honeywell International's ROE % or its related term are showing as below:
STU:ALD'
s ROE % Range Over the Past 10 Years
Min: 8.61 Med: 29.89 Max: 39.01
Current: 26.34
During the past 13 years, Honeywell International's highest ROE % was 39.01%. The lowest was 8.61%. And the median was 29.89%.
STU:ALD's ROE % is ranked better than 93.54% of 557
companies
in the Conglomerates industry
Industry Median: 6.15
vs STU:ALD: 26.34
Honeywell International (STU:ALD) 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 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.
* 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 Conglomerates subindustry, Honeywell International'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.
Honeywell International ROE % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Honeywell International's ROE % distribution charts can be found below:
* The bar in red indicates where Honeywell International'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Honeywell International (STU:ALD) has a ROE % of 24.04% 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 Honeywell International and its competitors. This is 20% below median its historical median of 29.89. Over the past decade, Honeywell International's ROE % has ranged from 8.61 to 39.01. According to the industry distribution chart, Honeywell International ranks #36 out of 557 companies in the Conglomerates industry, placing it in the top 6.5%.
Is Honeywell International's ROE % too high?
Honeywell International's current ROE % of 24.04% is 20% below median its 10-year median of 29.89. Over the past 10 years, this metric has ranged from a low of 8.61 to a high of 39.01. The Conglomerates industry median ROE % is 6.15. Honeywell International's value of 24.04% is 290.9% above this industry median. Based on the distribution chart, Honeywell International ranks #36 out of 557 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Honeywell International has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Honeywell International's ROE % compare to MMM and VMI?
According to the Conglomerates industry distribution chart, Honeywell International ranks #36 out of 557 companies for ROE %. This places Honeywell International in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 6.15. Honeywell International's value of 24.04% is 290.9% above this benchmark. Historically, Honeywell International's own ROE % has ranged from 8.61 to 39.01 over the past decade. While the company's 10-year median is 29.89 vs. the industry median of 6.15, Honeywell International 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 Conglomerates company?
The median ROE % among Conglomerates companies is 6.15, based on 557 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. Honeywell International's current ROE % of 24.04% is 290.9% 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 Honeywell International and its competitors. For the Conglomerates industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell International's current ROE % is 24.04%, which is 20% below median its own 10-year median of 29.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell International stock overvalued right now?
Based on GuruFocus' analysis, Honeywell International (STU:ALD) is currently considered Fairly Valued. The stock's GF Value™ is €194.33, compared to a current price of €203.35 — trading 4.6% above its estimated fair value. The current ROE % is 24.04%, which is 20% below median its 10-year median of 29.89 and 290.9% above the Conglomerates industry median of 6.15. Honeywell International's overall GF Score™ is 82/100 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 Honeywell International (STU:ALD), the current ROE % is 24.04% 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 Honeywell International (STU:ALD) Overvalued in 2026?
Based on GuruFocus' analysis, Honeywell International stock appears to be overvalued.
The current stock price of €203.35 is trading 4.6% above its estimated GF Value™ of €194.33.
GuruFocus considers Honeywell International to be Fairly Valued.
Key valuation signals for STU:ALD:
ROE %: 24.04% (20% below median its 10-year median of 29.89)
GF Value™: €194.33 vs. price of €203.35 (4.6% above fair value)
Industry Position: 290.9% above the Conglomerates median (#36 of 557)
No single metric tells the full story. See the STU:ALD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies, industrial automation, energy and sustainability solutions, and building automation. Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around one third of its revenue from recurring aftermarket services.
82GF Score
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