Power & Infrastructure Split (TSX:PWI) ROE %: 20.61% (As of Dec. 2025) — Near Median


TSX:PWI Power & Infrastructure Split Corp TSX:PWI
59 GF Score
Price C$12.94
GF Value C$53.28
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Power & Infrastructure Split ROE %?

Power & Infrastructure Split TSX:PWI 59 ROE % is 20.61% as of Dec. 2025, which is 8% below its 10-year median of 22.46. GuruFocus rates TSX:PWI with a GF Score™ of 59/100 and a GF Value™ of C$53.28 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,615 Asset Management companies, Power & Infrastructure Split ranks better than 88.42% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Power & Infrastructure Split's annualized net income for the quarter that ended in Dec. 2025 was C$6.94 Mil. Power & Infrastructure Split's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was C$33.70 Mil. Therefore, Power & Infrastructure Split's annualized ROE % for the quarter that ended in Dec. 2025 was 20.61%.

The historical rank and industry rank for Power & Infrastructure Split's ROE % or its related term are showing as below:

TSX:PWI' s ROE % Range Over the Past 10 Years
Min: -32.13   Med: 22.46   Max: 55.08
Current: 25.97

During the past 5 years, Power & Infrastructure Split's highest ROE % was 55.08%. The lowest was -32.13%. And the median was 22.46%.

TSX:PWI's ROE % is ranked better than
88.42% of 1615 companies
in the Asset Management industry
Industry Median: 6.35 vs TSX:PWI: 25.97

Power & Infrastructure Split  (TSX:PWI) 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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=6.944/33.6985
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(6.944 / 13.772)*(13.772 / 67.179)*(67.179 / 33.6985)
=Net Margin %*Asset Turnover*Equity Multiplier
=50.42 %*0.205*1.9935
=ROA %*Equity Multiplier
=10.34 %*1.9935
=20.61 %

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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=6.944/33.6985
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (6.944 / 7.082) * (7.082 / 8.392) * (8.392 / 13.772) * (13.772 / 67.179) * (67.179 / 33.6985)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9805 * 0.8439 * 60.94 % * 0.205 * 1.9935
=20.61 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-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.


Power & Infrastructure Split ROE % Related Terms


Power & Infrastructure Split ROE % Historical Data

* Premium members only.

The historical data trend for Power & Infrastructure Split'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.

Power & Infrastructure Split ROE % Chart

Power & Infrastructure Split Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
12.83 -32.13 22.46 55.08 26.15

Power & Infrastructure Split Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.33 76.29 33.92 31.42 20.61

TSX:PWI vs BLK, BX, KKR: ROE % Comparison

For the Asset Management subindustry, Power & Infrastructure Split'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.


Power & Infrastructure Split ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Power & Infrastructure Split's ROE % distribution charts can be found below:

* The bar in red indicates where Power & Infrastructure Split's ROE % falls into.


TSX:PWI
59GF Score
Power & Infrastructure Split Corp TSX:PWI
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Power & Infrastructure Split ROE % Calculation

Power & Infrastructure Split'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 )
=8.5/( (30.809+34.198)/ 2 )
=8.5/32.5035
=26.15 %

Power & Infrastructure Split's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=6.944/( (33.199+34.198)/ 2 )
=6.944/33.6985
=20.61 %

* 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 (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 20.61% mean?
Power & Infrastructure Split (TSX:PWI) has a ROE % of 20.61% 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 Power & Infrastructure Split and its competitors. This is near median its historical median of 22.46. According to the industry distribution chart, Power & Infrastructure Split ranks #187 out of 1615 companies in the Asset Management industry, placing it in the top 11.6%.
Is Power & Infrastructure Split's ROE % too high?
Power & Infrastructure Split's current ROE % of 20.61% is near median its 10-year median of 22.46. The Asset Management industry median ROE % is 6.35. Power & Infrastructure Split's value of 20.61% is 224.6% above this industry median. Based on the distribution chart, Power & Infrastructure Split ranks #187 out of 1615 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Power & Infrastructure Split has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Power & Infrastructure Split's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Power & Infrastructure Split ranks #187 out of 1615 companies for ROE %. This places Power & Infrastructure Split in the top 12% of its industry — outperforming the majority of peers. The industry median ROE % is 6.35. Power & Infrastructure Split's value of 20.61% is 224.6% above this benchmark. While the company's 10-year median is 22.46 vs. the industry median of 6.35, Power & Infrastructure Split 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 an Asset Management company?
The median ROE % among Asset Management companies is 6.35, based on 1,615 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. Power & Infrastructure Split's current ROE % of 20.61% is 224.6% 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 Power & Infrastructure Split and its competitors. For the Asset Management industry, the median ROE % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Power & Infrastructure Split's current ROE % is 20.61%, which is near median its own 10-year median of 22.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Power & Infrastructure Split stock overvalued right now?
Based on GuruFocus' analysis, Power & Infrastructure Split (TSX:PWI) is currently considered Significantly Undervalued. The stock's GF Value™ is C$53.28, compared to a current price of C$12.94 — trading 75.7% below its estimated fair value. The current ROE % is 20.61%, which is near median its 10-year median of 22.46 and 224.6% above the Asset Management industry median of 6.35. Power & Infrastructure Split's overall GF Score™ is 59/100 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 Power & Infrastructure Split (TSX:PWI), the current ROE % is 20.61% 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.

Is Power & Infrastructure Split (TSX:PWI) Overvalued in 2026?

Based on GuruFocus' analysis, Power & Infrastructure Split stock appears to be undervalued. The current stock price of C$12.94 is trading 75.7% below its estimated GF Value™ of C$53.28. GuruFocus considers Power & Infrastructure Split to be Significantly Undervalued.

Key valuation signals for TSX:PWI:

  • ROE %: 20.61% (near median its 10-year median of 22.46)
  • GF Value™: C$53.28 vs. price of C$12.94 (75.7% below fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 224.6% above the Asset Management median (#187 of 1615)

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


Power & Infrastructure Split Business Description

Address 181 Bay Street, Suite 2930, P.O. Box 793, Bay Wellington Tower, Brookfield Place, Toronto, ON, CAN, M5J 2T3
Power & Infrastructure Split Corp is a mutual fund corporation. The company's fund invests in a globally diversified and actively managed portfolio consisting of dividend-paying securities of power and infrastructure companies, whose assets, products, and services the Manager believes are facilitating the multi-decade transition toward decarbonization and environmental sustainability. The company's portfolio includes investments in companies operating in the areas of renewable power, green transportation, energy efficiency, and communications, among others.
59GF Score

Get the complete analysis for TSX:PWI

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

C$12.94
Price
C$53.28
GF Value