Based On Its ROE, Is Legal & General Group Plc (LON:LGEN) A High Quality Stock? [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
NASDAQ:AMEX Investor Relations:
merriam-webster.com/dictionary/legal
Company Research
Source: Yahoo! Finance
LON:LGEN ), by way of a worked example. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. How Do You Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Legal & General Group is: 7.5% = UK£292m ÷ UK£3.9b (Based on the trailing twelve months to June 2024). The 'return' is the yearly profit. So, this means that for every £1 of its shareholder's investments, the company generates a profit of £0.07. Does Legal & General Group Have A Good Return On Equity? One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. However, this method i
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