mBankWAR:MBK -1.59%67 ROE % is 17.43% as of Mar. 2026, which is 143% above its 10-year median of 7.18. GuruFocus rates WAR:MBK with a GF Score™ of 67/100 and a GF Value™ of zł732.17 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,523 Banks companies, mBank ranks better than 89.23% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. mBank's annualized net income for the quarter that ended in Mar. 2026 was zł3,812 Mil. mBank's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was zł21,869 Mil. Therefore, mBank's annualized ROE % for the quarter that ended in Mar. 2026 was 17.43%.
The historical rank and industry rank for mBank's ROE % or its related term are showing as below:
WAR:MBK'
s ROE % Range Over the Past 10 Years
Min: -7.76 Med: 7.18 Max: 18.54
Current: 18.54
During the past 13 years, mBank's highest ROE % was 18.54%. The lowest was -7.76%. And the median was 7.18%.
WAR:MBK's ROE % is ranked better than 89.23% of 1523
companies
in the Banks industry
Industry Median: 10.22
vs WAR:MBK: 18.54
mBank (WAR:MBK) 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.
mBank ROE % Related Terms
mBank ROE % Historical Data
* Premium members only.
The historical data trend for mBank'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.
For the Banks - Regional subindustry, mBank'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.
mBank ROE % vs Banks Industry
For the Banks industry and Financial Services sector, mBank's ROE % distribution charts can be found below:
* The bar in red indicates where mBank'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.
mBank (WAR:MBK) has a ROE % of 17.43% 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 mBank and its competitors. This is 143% above median its historical median of 7.18. According to the industry distribution chart, mBank ranks #164 out of 1523 companies in the Banks industry, placing it in the top 10.8%.
Is mBank's ROE % too high?
mBank's current ROE % of 17.43% is 143% above median its 10-year median of 7.18. The Banks industry median ROE % is 10.22. mBank's value of 17.43% is 70.5% above this industry median. Based on the distribution chart, mBank ranks #164 out of 1523 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, mBank has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does mBank's ROE % compare to PNC?
According to the Banks industry distribution chart, mBank ranks #164 out of 1523 companies for ROE %. This places mBank in the top 11% of its industry — outperforming the majority of peers. The industry median ROE % is 10.22. mBank's value of 17.43% is 70.5% above this benchmark. While the company's 10-year median is 7.18 vs. the industry median of 10.22, mBank 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 Banks company?
The median ROE % among Banks companies is 10.22, based on 1,523 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. mBank's current ROE % of 17.43% is 70.5% 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 mBank and its competitors. For the Banks industry, the median ROE % is 10.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. mBank's current ROE % is 17.43%, which is 143% above median its own 10-year median of 7.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is mBank stock overvalued right now?
Based on GuruFocus' analysis, mBank (WAR:MBK) is currently considered Significantly Overvalued. The stock's GF Value™ is zł732.17, compared to a current price of zł1,389.50 — trading 89.8% above its estimated fair value. The current ROE % is 17.43%, which is 143% above median its 10-year median of 7.18 and 70.5% above the Banks industry median of 10.22. mBank's overall GF Score™ is 67/100 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 mBank (WAR:MBK), the current ROE % is 17.43% 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 mBank (WAR:MBK) Overvalued in 2026?
Based on GuruFocus' analysis, mBank stock appears to be overvalued.
The current stock price of zł1,389.50 is trading 89.8% above its estimated GF Value™ of zł732.17.
GuruFocus considers mBank to be Significantly Overvalued.
Key valuation signals for WAR:MBK:
ROE %: 17.43% (143% above median its 10-year median of 7.18)
GF Value™: zł732.17 vs. price of zł1,389.50 (89.8% above fair value)
Industry Position: 70.5% above the Banks median (#164 of 1523)
No single metric tells the full story. See the WAR:MBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
mBank SA is a financial services group operating in Poland, as well as the Czech Republic and Slovakia. Its primary business is retail, corporate, and investment banking, but the company also conducts leasing, factoring, and wealth management operations, among other financial services. The group offers insurance policies through a strategic partnership. The bank plans to emphasize customer service, particularly in the development of its banking solutions. The group conducts its business segments in The Retail Banking segment, The Corporate and Investment Banking segment, The Treasury and Other segments, and the FX Mortgage Loans segment and the majority of its revenue is generated from the retail banking segment.
67GF Score
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