ROE answers the question every shareholder cares about: how much profit is the business producing for every franc of book equity? Sustained ROE above the cost of equity (typically 8–12%) signals genuine value creation.
DuPont analysis decomposes ROE into net margin, asset turnover and financial leverage — revealing whether returns come from pricing power, asset efficiency or simply higher debt. Leverage can inflate ROE but also raises risk.
Formel
ROE = Net Income ÷ Shareholders' Equity
Beispiel
A company with CHF 800,000 net profit and CHF 5m shareholders' equity earns 16% ROE — solidly above the typical cost of equity, indicating value creation.