VEFFF (VEF AB) ROE %: -24.07% (As of Mar. 2026)


VEFFF VEF AB VEFFF
43 GF Score
Price $0.21
! 3 Warning Signs
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What is VEF AB ROE %?

VEF AB VEFFF 43 ROE % is -24.07% as of Mar. 2026. GuruFocus rates VEFFF with a GF Score™ of 43/100. The stock has 3 warning signs investors should review. Among 1,614 Asset Management companies, VEF AB ranks better than 73.42% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. VEF AB's annualized net income for the quarter that ended in Mar. 2026 was $-101.39 Mil. VEF AB's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $421.20 Mil. Therefore, VEF AB's annualized ROE % for the quarter that ended in Mar. 2026 was -24.07%.

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

VEFFF' s ROE % Range Over the Past 10 Years
Min: -71.95   Med: 17.29   Max: 49.25
Current: 14.05

During the past 6 years, VEF AB's highest ROE % was 49.25%. The lowest was -71.95%. And the median was 17.29%.

VEFFF's ROE % is ranked better than
73.42% of 1614 companies
in the Asset Management industry
Industry Median: 6.36 vs VEFFF: 14.05

VEF AB  (OTCPK:VEFFF) 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
=-101.392/421.195
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-101.392 / 0.28)*(0.28 / 451.252)*(451.252 / 421.195)
=Net Margin %*Asset Turnover*Equity Multiplier
=-36211.43 %*0.0006*1.0714
=ROA %*Equity Multiplier
=-21.73 %*1.0714
=-24.07 %

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
=-101.392/421.195
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-101.392 / -101.556) * (-101.556 / -101.448) * (-101.448 / 0.28) * (0.28 / 451.252) * (451.252 / 421.195)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9984 * 1.0011 * -36231.43 % * 0.0006 * 1.0714
=-24.07 %

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.


VEF AB ROE % Related Terms


VEF AB ROE % Historical Data

* Premium members only.

The historical data trend for VEF AB'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.

VEF AB ROE % Chart

VEF AB Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial 47.92 -66.00 14.58 -22.60 21.72

VEF AB 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 4.44 23.32 33.00 26.67 -24.07

VEFFF vs BLK, BX, KKR: ROE % Comparison

For the Asset Management subindustry, VEF AB'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.


VEF AB ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, VEF AB's ROE % distribution charts can be found below:

* The bar in red indicates where VEF AB's ROE % falls into.


VEFFF
43GF Score
VEF AB VEFFF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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VEF AB ROE % Calculation

VEF AB'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 )
=85.445/( (352.961+433.82)/ 2 )
=85.445/393.3905
=21.72 %

VEF AB'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 )
=-101.392/( (433.82+408.57)/ 2 )
=-101.392/421.195
=-24.07 %

* 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 -24.07% mean?
VEF AB (VEFFF) has a ROE % of -24.07% 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 VEF AB and its competitors. According to the industry distribution chart, VEF AB ranks #429 out of 1614 companies in the Asset Management industry, placing it in the top 26.6%.
Is VEF AB's ROE % too high?
VEF AB's current ROE % is -24.07%. Based on the distribution chart, VEF AB ranks #429 out of 1614 companies in the Asset Management industry, which is above the industry midpoint. Overall, VEF AB has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does VEF AB's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, VEF AB ranks #429 out of 1614 companies for ROE %. This puts VEF AB in the upper half of its industry. The industry median ROE % is 6.36. 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 6.36, based on 1,614 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 VEF AB and its competitors. For the Asset Management industry, the median ROE % is 6.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VEF AB's current ROE % is -24.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VEF AB stock overvalued right now?
VEF AB (VEFFF) has a current ROE % of -24.07%. The current ROE % is -24.07%. VEF AB's overall GF Score™ is 43/100 with 3 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 VEF AB (VEFFF), the current ROE % is -24.07% 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.

VEF AB Business Description

Other Exchanges VEFAB:Sweden0TX:Germany
Address Master Samuelsgatan 1, 1st Floor, Stockholm, SWE, 111 44
VEF AB is an investment company that invests in growth-stage private fintech companies. The Company focuses on scaling emerging markets and invests across various areas of financial services, including payments, credit, mobile money, and wealth advisory. Its investment portfolio is concentrated in emerging markets such as Brazil, Mexico, India, and Pakistan.
43GF Score

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

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