Veolia EnvironnementVEOEY -1.00%82 ROE % is 10.57% as of Dec. 2025, which is 68% above its 10-year median of 6.31. GuruFocus rates VEOEY with a GF Score™ of 82/100 and a GF Value™ of $16.99 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 234 Waste Management companies, Veolia Environnement ranks better than 68.8% on this metric.
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 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.
* 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 Waste Management subindustry, Veolia Environnement'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.
Veolia Environnement ROE % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Veolia Environnement's ROE % distribution charts can be found below:
* The bar in red indicates where Veolia Environnement'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 two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Veolia Environnement (VEOEY) has a ROE % of 10.57% 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 Veolia Environnement and its competitors. This is 68% above median its historical median of 6.31. Over the past decade, Veolia Environnement's ROE % has ranged from 1.35 to 10.66. According to the industry distribution chart, Veolia Environnement ranks #73 out of 234 companies in the Waste Management industry, placing it in the top 31.2%.
Is Veolia Environnement's ROE % too high?
Veolia Environnement's current ROE % of 10.57% is 68% above median its 10-year median of 6.31. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 10.66. The Waste Management industry median ROE % is 4.68. Veolia Environnement's value of 10.57% is 126.1% above this industry median. Based on the distribution chart, Veolia Environnement ranks #73 out of 234 companies in the Waste Management industry, which is above the industry midpoint. Overall, Veolia Environnement has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veolia Environnement's ROE % compare to WM and RSG?
According to the Waste Management industry distribution chart, Veolia Environnement ranks #73 out of 234 companies for ROE %. This puts Veolia Environnement in the upper half of its industry. The industry median ROE % is 4.68. Veolia Environnement's value of 10.57% is 126.1% above this benchmark. Historically, Veolia Environnement's own ROE % has ranged from 1.35 to 10.66 over the past decade. While the company's 10-year median is 6.31 vs. the industry median of 4.68, Veolia Environnement 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 Waste Management company?
The median ROE % among Waste Management companies is 4.68, based on 234 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. Veolia Environnement's current ROE % of 10.57% is 126.1% 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 Veolia Environnement and its competitors. For the Waste Management industry, the median ROE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veolia Environnement's current ROE % is 10.57%, which is 68% above median its own 10-year median of 6.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veolia Environnement stock overvalued right now?
Based on GuruFocus' analysis, Veolia Environnement (VEOEY) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.99, compared to a current price of $20.35 — trading 19.8% above its estimated fair value. The current ROE % is 10.57%, which is 68% above median its 10-year median of 6.31 and 126.1% above the Waste Management industry median of 4.68. Veolia Environnement's overall GF Score™ is 82/100 with 10 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 Veolia Environnement (VEOEY), the current ROE % is 10.57% 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 Veolia Environnement (VEOEY) Overvalued in 2026?
Based on GuruFocus' analysis, Veolia Environnement stock appears to be overvalued.
The current stock price of $20.35 is trading 19.8% above its estimated GF Value™ of $16.99.
GuruFocus considers Veolia Environnement to be Modestly Overvalued.
Key valuation signals for VEOEY:
ROE %: 10.57% (68% above median its 10-year median of 6.31)
GF Value™: $16.99 vs. price of $20.35 (19.8% above fair value)
Industry Position: 126.1% above the Waste Management median (#73 of 234)
No single metric tells the full story. See the VEOEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of Suez in 2022 drove an EBITDA increase of nearly 40%.
82GF Score
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