Carriage Services (STU:C57) ROE %: 20.82% (As of Mar. 2026) — 18% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:C57 Carriage Services Inc STU:C57
27 GF Score
Price €35.60
GF Value €37.64
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Carriage Services ROE %?

Carriage Services STU:C57 27 ROE % is 20.82% as of Mar. 2026, which is 18% above its 10-year median of 17.64. GuruFocus rates STU:C57 with a GF Score™ of 27/100 and a GF Value™ of €37.64 (Fairly Valued). The stock has 4 warning signs investors should review. Among 90 Personal Services companies, Carriage Services ranks better than 71.11% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Carriage Services's annualized net income for the quarter that ended in Mar. 2026 was €46.7 Mil. Carriage Services's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €224.2 Mil. Therefore, Carriage Services's annualized ROE % for the quarter that ended in Mar. 2026 was 20.82%.

The historical rank and industry rank for Carriage Services's ROE % or its related term are showing as below:

STU:C57' s ROE % Range Over the Past 10 Years
Min: 5.56   Med: 17.64   Max: 31.21
Current: 17.44

During the past 13 years, Carriage Services's highest ROE % was 31.21%. The lowest was 5.56%. And the median was 17.64%.

STU:C57's ROE % is ranked better than
71.11% of 90 companies
in the Personal Services industry
Industry Median: 6 vs STU:C57: 17.44

Carriage Services  (STU:C57) 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
=46.684/224.2405
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(46.684 / 367.176)*(367.176 / 1157.849)*(1157.849 / 224.2405)
=Net Margin %*Asset Turnover*Equity Multiplier
=12.71 %*0.3171*5.1634
=ROA %*Equity Multiplier
=4.03 %*5.1634
=20.82 %

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
=46.684/224.2405
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (46.684 / 63.66) * (63.66 / 88.42) * (88.42 / 367.176) * (367.176 / 1157.849) * (1157.849 / 224.2405)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7333 * 0.72 * 24.08 % * 0.3171 * 5.1634
=20.82 %

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.


Carriage Services ROE % Related Terms


Carriage Services ROE % Historical Data

* Premium members only.

The historical data trend for Carriage Services'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.

Carriage Services ROE % Chart

Carriage Services 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 18.87 32.18 21.27 17.59 21.11

Carriage Services 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 38.19 19.84 10.91 19.78 20.82

STU:C57 vs MED, RGS, CLIK: ROE % Comparison

For the Personal Services subindustry, Carriage Services'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.


Carriage Services ROE % vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Carriage Services's ROE % distribution charts can be found below:

* The bar in red indicates where Carriage Services's ROE % falls into.


STU:C57
27GF Score
Carriage Services Inc STU:C57
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carriage Services ROE % Calculation

Carriage Services'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 )
=43.987/( (199.165+217.579)/ 2 )
=43.987/208.372
=21.11 %

Carriage Services'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 )
=46.684/( (217.579+230.902)/ 2 )
=46.684/224.2405
=20.82 %

* 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 20.82% mean?
Carriage Services (STU:C57) has a ROE % of 20.82% 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 Carriage Services and its competitors. This is 18% above median its historical median of 17.64. Over the past decade, Carriage Services' ROE % has ranged from 5.56 to 31.21. According to the industry distribution chart, Carriage Services ranks #26 out of 90 companies in the Personal Services industry, placing it in the top 28.9%.
Is Carriage Services' ROE % too high?
Carriage Services' current ROE % of 20.82% is 18% above median its 10-year median of 17.64. Over the past 10 years, this metric has ranged from a low of 5.56 to a high of 31.21. The Personal Services industry median ROE % is 6.00. Carriage Services' value of 20.82% is 247% above this industry median. Based on the distribution chart, Carriage Services ranks #26 out of 90 companies in the Personal Services industry, which is above the industry midpoint. Overall, Carriage Services has a GF Score™ of 27/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carriage Services' ROE % compare to MED and RGS?
According to the Personal Services industry distribution chart, Carriage Services ranks #26 out of 90 companies for ROE %. This puts Carriage Services in the upper half of its industry. The industry median ROE % is 6.00. Carriage Services' value of 20.82% is 247% above this benchmark. Historically, Carriage Services' own ROE % has ranged from 5.56 to 31.21 over the past decade. While the company's 10-year median is 17.64 vs. the industry median of 6.00, Carriage Services 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 Personal Services company?
The median ROE % among Personal Services companies is 6.00, based on 90 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. Carriage Services's current ROE % of 20.82% is 247% 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 Carriage Services and its competitors. For the Personal Services industry, the median ROE % is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carriage Services's current ROE % is 20.82%, which is 18% above median its own 10-year median of 17.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carriage Services stock overvalued right now?
Based on GuruFocus' analysis, Carriage Services (STU:C57) is currently considered Fairly Valued. The stock's GF Value™ is €37.64, compared to a current price of €35.60 — trading 5.4% below its estimated fair value. The current ROE % is 20.82%, which is 18% above median its 10-year median of 17.64 and 247% above the Personal Services industry median of 6.00. Carriage Services' overall GF Score™ is 27/100 with 4 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 Carriage Services (STU:C57), the current ROE % is 20.82% 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 Carriage Services (STU:C57) Overvalued in 2026?

Based on GuruFocus' analysis, Carriage Services stock appears to be undervalued. The current stock price of €35.60 is trading 5.4% below its estimated GF Value™ of €37.64. GuruFocus considers Carriage Services to be Fairly Valued.

Key valuation signals for STU:C57:

  • ROE %: 20.82% (18% above median its 10-year median of 17.64)
  • GF Value™: €37.64 vs. price of €35.60 (5.4% below fair value)
  • GF Score™: 27/100 with 4 warning signs
  • Industry Position: 247% above the Personal Services median (#26 of 90)

No single metric tells the full story. See the STU:C57 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carriage Services Business Description

Other Exchanges CSV:USA
Address 3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056
Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise. The company enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum spaces and niches, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.
27GF Score

Get the complete analysis for STU:C57

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

€35.60
Price
€37.64
GF Value