Valuation multiples › Return on equity
Return on equity by sector and industry
Return on equity (ROE): median and quartiles across 11 GICS sectors and 169 industries, from 28,920 valued stocks worldwide.
As of September 6, 2026 · updated daily · CSVJSON
What the numbers show
The lowest sector median is 2.9 % (Communication Services, 1,166 values), the highest 9.4 % (Financials, 3,276 values).
The middle sector (Consumer Discretionary) has a median of 5.4 %; half of its 3,718 stocks sit between -0.5 % and 12.8 %.
Return on equity by sector
| Sector | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Communication Services | -6.6 % | 2.9 % | 12.3 % | 1,166 |
| Health Care | -15.1 % | 3.4 % | 12.2 % | 2,363 |
| Real Estate | -1.1 % | 3.8 % | 9.1 % | 1,825 |
| Materials | -3.5 % | 4.0 % | 11.1 % | 3,541 |
| Energy | -3.8 % | 5.3 % | 13.0 % | 1,192 |
| Consumer Discretionary | -0.5 % | 5.4 % | 12.8 % | 3,718 |
| Information Technology | -2.9 % | 5.5 % | 13.8 % | 3,488 |
| Industrials | 0.1 % | 6.8 % | 13.7 % | 5,297 |
| Consumer Staples | 0.0 % | 7.1 % | 14.1 % | 1,734 |
| Utilities | 2.5 % | 7.9 % | 12.1 % | 666 |
| Financials | 2.9 % | 9.4 % | 14.8 % | 3,276 |
Return on equity by industry (169)
Grouped by sector, sorted by median within each sector. Only industries with at least ten valued stocks.
Communication Services (8)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Entertainment | -10.5 % | 0.1 % | 8.0 % | 244 |
| Broadcasting | -7.2 % | 0.6 % | 6.6 % | 62 |
| Movies & Entertainment | 0.0 % | 0.9 % | 2.1 % | 10 |
| Advertising Agencies | -16.0 % | 1.9 % | 8.9 % | 186 |
| Internet Content & Information | -12.3 % | 2.0 % | 14.1 % | 149 |
| Electronic Gaming & Multimedia | -10.6 % | 4.2 % | 16.2 % | 149 |
| Publishing | -1.2 % | 5.5 % | 11.4 % | 105 |
| Telecom Services | 0.0 % | 7.0 % | 16.9 % | 244 |
Consumer Discretionary (27)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Hotels & Entertainment Services | 0.0 % | 0.0 % | 7.7 % | 10 |
| Textiles | 0.0 % | 1.7 % | 8.0 % | 37 |
| Internet Retail | -9.1 % | 2.9 % | 15.2 % | 100 |
| Lodging | -1.3 % | 2.9 % | 9.3 % | 163 |
| Recreational Vehicles | -30.0 % | 3.0 % | 11.7 % | 37 |
| Textile Manufacturing | 0.0 % | 3.7 % | 8.5 % | 330 |
| Restaurants | -5.9 % | 3.8 % | 13.2 % | 214 |
| Consumer Electronics | -4.6 % | 4.0 % | 11.8 % | 126 |
| Department Stores | -1.9 % | 4.1 % | 9.6 % | 118 |
| Leisure | -1.7 % | 4.7 % | 12.6 % | 189 |
| Education & Training Services | -8.0 % | 4.8 % | 13.9 % | 140 |
| Furnishings, Fixtures & Appliances | -0.6 % | 4.9 % | 10.9 % | 310 |
| Resorts & Casinos | -3.4 % | 4.9 % | 13.5 % | 70 |
| Apparel Manufacturing | -1.0 % | 5.0 % | 11.7 % | 212 |
| Auto & Truck Dealerships | 0.1 % | 5.1 % | 14.4 % | 94 |
| Auto Manufacturers | -7.9 % | 5.3 % | 16.0 % | 113 |
| Footwear & Accessories | -3.7 % | 5.6 % | 12.8 % | 91 |
| Gambling | -5.6 % | 6.4 % | 25.0 % | 53 |
| Specialty Retail | 0.0 % | 6.8 % | 16.5 % | 212 |
| Auto Parts | 2.1 % | 7.0 % | 12.3 % | 638 |
| Apparel Retail | -0.1 % | 7.3 % | 18.5 % | 102 |
| Travel Services | 1.2 % | 7.7 % | 20.6 % | 87 |
| Home Improvement Retail | 4.0 % | 7.9 % | 16.5 % | 34 |
| Residential Construction | 2.3 % | 8.0 % | 13.7 % | 65 |
| Personal Services | 0.1 % | 8.5 % | 22.9 % | 38 |
| Luxury Goods | 2.1 % | 10.0 % | 20.8 % | 133 |
| Discount Stores | 12.6 % | 20.2 % | 28.5 % | 23 |
Consumer Staples (14)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Food & Tobacco | 0.0 % | 0.0 % | 0.0 % | 16 |
| Agricultural Products | 1.0 % | 2.6 % | 5.1 % | 16 |
| Food Products | 0.0 % | 2.6 % | 5.0 % | 13 |
| Pharmaceutical Retailers | -2.4 % | 3.7 % | 10.1 % | 57 |
| Beverages - Wineries & Distilleries | 0.3 % | 4.7 % | 11.2 % | 92 |
| Farm Products | -2.0 % | 4.8 % | 12.6 % | 291 |
| Confectioners | -0.1 % | 5.4 % | 10.3 % | 80 |
| Household & Personal Products | -1.2 % | 6.7 % | 14.9 % | 242 |
| Packaged Foods | 0.7 % | 7.1 % | 13.9 % | 636 |
| Food Distribution | 1.5 % | 8.3 % | 16.6 % | 79 |
| Beverages - Brewers | 2.8 % | 9.0 % | 14.8 % | 56 |
| Beverages - Non-Alcoholic | 6.2 % | 12.7 % | 19.3 % | 85 |
| Grocery Stores | 6.4 % | 12.7 % | 19.1 % | 77 |
| Tobacco | 0.0 % | 12.9 % | 27.3 % | 36 |
Energy (8)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Uranium | -12.1 % | -5.4 % | 3.2 % | 26 |
| Oil & Gas E&P | -10.4 % | 2.3 % | 11.7 % | 289 |
| Oil & Gas Drilling | -4.3 % | 5.0 % | 14.0 % | 35 |
| Thermal Coal | 0.0 % | 5.2 % | 11.2 % | 98 |
| Oil & Gas Equipment & Services | 0.0 % | 7.2 % | 13.6 % | 183 |
| Oil & Gas Refining & Marketing | 2.8 % | 8.3 % | 15.9 % | 109 |
| Oil & Gas Midstream | 3.0 % | 10.4 % | 18.3 % | 89 |
| Oil & Gas Integrated | 4.4 % | 10.8 % | 15.0 % | 52 |
Financials (20)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Shell Companies | -8.7 % | 0.0 % | 0.0 % | 72 |
| Investment Banking & Investment Services | -10.8 % | 0.0 % | 17.6 % | 14 |
| Diversified Financial Services | 0.0 % | 0.8 % | 2.7 % | 10 |
| Financial Services | 0.0 % | 1.7 % | 7.1 % | 13 |
| Specialized Finance | -1.0 % | 5.1 % | 10.0 % | 15 |
| Asset Management | -0.3 % | 6.0 % | 15.0 % | 683 |
| REIT - Mortgage | 0.5 % | 6.2 % | 11.3 % | 40 |
| Capital Markets | 0.1 % | 7.5 % | 17.0 % | 445 |
| Credit Services | 1.2 % | 7.9 % | 14.5 % | 323 |
| Financial Conglomerates | 2.2 % | 8.3 % | 11.9 % | 53 |
| Banks - Regional | 6.3 % | 10.2 % | 13.3 % | 1,070 |
| Banks - Diversified | 8.9 % | 10.4 % | 13.7 % | 48 |
| Insurance - Life | 4.3 % | 10.7 % | 16.1 % | 95 |
| Insurance - Diversified | 6.1 % | 12.2 % | 18.7 % | 83 |
| Insurance - Reinsurance | 9.9 % | 13.8 % | 20.7 % | 29 |
| Mortgage Finance | 6.8 % | 13.8 % | 18.2 % | 92 |
| Insurance - Property & Casualty | 8.5 % | 14.1 % | 19.5 % | 116 |
| Insurance Brokers | 4.4 % | 15.1 % | 26.3 % | 36 |
| Insurance - Specialty | 10.5 % | 15.6 % | 19.0 % | 29 |
| Financial Data & Stock Exchanges | 11.7 % | 19.2 % | 27.5 % | 52 |
Health Care (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Biotechnology | -58.0 % | -16.8 % | 6.4 % | 595 |
| Medical Devices | -24.2 % | 1.1 % | 10.7 % | 341 |
| Health Information Services | -28.1 % | 1.4 % | 10.3 % | 124 |
| Diagnostics & Research | -9.0 % | 3.2 % | 11.0 % | 127 |
| Pharmaceuticals | 0.0 % | 4.4 % | 11.9 % | 37 |
| Medical Distribution | 0.0 % | 5.3 % | 9.2 % | 79 |
| Drug Manufacturers - Specialty & Generic | -2.0 % | 6.4 % | 13.3 % | 586 |
| Medical Instruments & Supplies | 0.3 % | 6.6 % | 13.2 % | 192 |
| Healthcare Plans | 2.3 % | 7.5 % | 12.6 % | 15 |
| Medical Care Facilities | 0.0 % | 7.5 % | 15.0 % | 253 |
| Drug Manufacturers - General | 5.4 % | 12.2 % | 24.3 % | 75 |
Industrials (29)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Trucking | -1.2 % | 3.5 % | 8.8 % | 45 |
| Construction & Engineering | 0.0 % | 3.5 % | 13.2 % | 18 |
| Pollution & Treatment Controls | -2.7 % | 4.2 % | 9.4 % | 89 |
| Conglomerates | -2.0 % | 4.3 % | 11.0 % | 371 |
| Business Equipment & Supplies | -2.2 % | 4.7 % | 11.0 % | 74 |
| Metal Fabrication | -0.3 % | 5.3 % | 11.1 % | 249 |
| Aerospace & Defense | -2.6 % | 5.4 % | 10.7 % | 10 |
| Infrastructure Operations | 3.3 % | 6.2 % | 11.7 % | 64 |
| Building Products & Equipment | -0.8 % | 6.2 % | 12.9 % | 241 |
| Engineering & Construction | 0.0 % | 6.4 % | 15.1 % | 803 |
| Electrical Equipment & Parts | 0.8 % | 6.5 % | 13.9 % | 539 |
| Waste Management | -0.4 % | 6.5 % | 11.9 % | 165 |
| Integrated Freight & Logistics | 0.0 % | 6.5 % | 14.0 % | 205 |
| Rental & Leasing Services | 0.1 % | 6.8 % | 13.5 % | 88 |
| Electrical Equipment | 2.9 % | 6.9 % | 13.5 % | 20 |
| Marine Shipping | 2.9 % | 6.9 % | 14.3 % | 232 |
| Specialty Industrial Machinery | 1.3 % | 7.0 % | 13.4 % | 786 |
| Tools & Accessories | 3.1 % | 7.1 % | 13.8 % | 121 |
| Railroads | 3.3 % | 7.4 % | 11.0 % | 110 |
| Farm & Heavy Construction Machinery | 3.1 % | 7.7 % | 14.0 % | 150 |
| Industrial Distribution | 1.0 % | 8.7 % | 13.7 % | 111 |
| Consulting Services | -0.1 % | 8.7 % | 16.8 % | 79 |
| Specialty Business Services | 0.4 % | 9.0 % | 16.2 % | 242 |
| Aerospace & Defense | 1.6 % | 9.5 % | 17.2 % | 227 |
| Industrial Machinery | 6.6 % | 9.6 % | 11.6 % | 25 |
| Staffing & Employment Services | -0.5 % | 10.2 % | 19.5 % | 79 |
| Airports & Air Services | 5.3 % | 11.8 % | 20.6 % | 52 |
| Airlines | 0.6 % | 12.1 % | 25.0 % | 54 |
| Machinery, Tools, Heavy Vehicles, Trains & Ships | 3.2 % | 144.9 % | 350.2 % | 15 |
Information Technology (15)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Solar | -29.8 % | -4.8 % | 9.2 % | 110 |
| Software - Application | -14.3 % | 3.0 % | 14.2 % | 660 |
| IT Services | 0.6 % | 3.7 % | 9.0 % | 35 |
| Communication Equipment | -3.0 % | 3.8 % | 11.5 % | 296 |
| Software - Infrastructure | -10.7 % | 3.9 % | 15.9 % | 352 |
| Security & Protection Services | -4.5 % | 5.5 % | 13.7 % | 107 |
| Scientific & Technical Instruments | -0.5 % | 5.9 % | 11.6 % | 163 |
| Computer Hardware | -2.0 % | 6.1 % | 15.0 % | 221 |
| Semiconductors | -1.4 % | 6.2 % | 13.8 % | 323 |
| Electronic Components | -0.8 % | 6.3 % | 11.4 % | 635 |
| Semiconductor Equipment & Materials | 2.2 % | 7.6 % | 14.5 % | 210 |
| Information Technology Services | 0.0 % | 8.1 % | 17.1 % | 484 |
| Electronics & Computer Distribution | 3.8 % | 9.1 % | 15.4 % | 149 |
| Semiconductors & Semiconductor Equipment | -85.0 % | 97.8 % | 208.3 % | 14 |
| Software & IT Services | -10.1 % | 151.2 % | 365.8 % | 14 |
Materials (18)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Other Industrial Metals & Mining | -27.3 % | -7.9 % | 8.6 % | 462 |
| Other Precious Metals & Mining | -27.5 % | -7.6 % | 12.5 % | 100 |
| Coking Coal | -9.3 % | -2.4 % | 0.9 % | 25 |
| Metals & Mining | 0.0 % | 0.0 % | 0.0 % | 26 |
| Other | 0.0 % | 0.0 % | 0.0 % | 122 |
| Gold | -15.8 % | 0.2 % | 25.5 % | 241 |
| Lumber & Wood Production | -11.4 % | 1.0 % | 6.6 % | 76 |
| Silver | -21.8 % | 2.6 % | 22.2 % | 14 |
| Paper & Paper Products | -1.2 % | 3.4 % | 6.9 % | 118 |
| Building Materials | 0.0 % | 3.9 % | 9.9 % | 257 |
| Steel | 0.0 % | 4.0 % | 10.1 % | 398 |
| Chemicals | -0.1 % | 5.0 % | 10.3 % | 330 |
| Packaging & Containers | 0.5 % | 5.3 % | 10.4 % | 269 |
| Specialty Chemicals | 0.5 % | 5.8 % | 11.7 % | 690 |
| Agricultural Inputs | 0.6 % | 6.1 % | 14.1 % | 175 |
| Aluminum | 4.3 % | 8.5 % | 16.0 % | 81 |
| Copper | -0.9 % | 8.6 % | 14.6 % | 59 |
| Containers & Packaging | 3.6 % | 8.7 % | 14.2 % | 23 |
Real Estate (13)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate Operations | 0.0 % | 0.0 % | 0.0 % | 34 |
| REIT - Hotel & Motel | -1.7 % | 1.2 % | 6.3 % | 34 |
| REIT - Residential | -2.2 % | 1.4 % | 8.6 % | 44 |
| Real Estate Development | -2.1 % | 2.0 % | 11.8 % | 28 |
| Real Estate - Development | -4.4 % | 2.7 % | 9.7 % | 560 |
| REIT - Office | -2.3 % | 2.7 % | 5.4 % | 68 |
| Real Estate Services | -0.7 % | 4.3 % | 10.2 % | 522 |
| Real Estate - Diversified | -1.5 % | 4.3 % | 8.2 % | 129 |
| REIT - Diversified | 0.0 % | 4.7 % | 8.3 % | 152 |
| REIT - Healthcare Facilities | 2.1 % | 5.7 % | 10.1 % | 25 |
| REIT - Specialty | 3.5 % | 6.6 % | 12.9 % | 31 |
| REIT - Industrial | 4.2 % | 7.2 % | 10.5 % | 56 |
| REIT - Retail | 5.0 % | 7.6 % | 11.6 % | 94 |
Utilities (6)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Utilities - Renewable | -2.2 % | 3.4 % | 9.0 % | 208 |
| Utilities - Independent Power Producers | 0.6 % | 7.3 % | 11.1 % | 76 |
| Utilities - Regulated Water | 4.0 % | 7.7 % | 11.3 % | 62 |
| Utilities - Regulated Gas | 5.0 % | 8.7 % | 12.4 % | 105 |
| Utilities - Diversified | 5.7 % | 9.2 % | 12.1 % | 52 |
| Utilities - Regulated Electric | 6.1 % | 9.7 % | 13.7 % | 153 |
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Suggested citation: Fair Value Calculator (2026): Return on equity (ROE) by sector and industry, as of September 6, 2026. https://www.fairvalue-calculator.com/valuation-multiples/roe
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Not financial advice. Metrics from reported filings (latest fiscal year or trailing twelve months), percentiles over the visible Fair Value Calculator universe; negative multiples are excluded and outliers beyond the 90th percentile are never the basis of a statement.