Valuation multiples › Return on equity
Return on equity by sector and industry
Return on equity (ROE): median and quartiles across 11 GICS sectors and 171 industries, from 27,874 valued stocks worldwide.
As of October 14, 2026 · updated daily · CSVJSON
What the numbers show
The lowest sector median is 3.9 % (Health Care, 2,273 values), the highest 9.5 % (Financials, 3,112 values).
The middle sector (Information Technology) has a median of 6.7 %; half of its 3,409 stocks sit between -1.5 % and 15.5 %.
Return on equity by sector
| Sector | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Health Care | -14.2 % | 3.9 % | 12.4 % | 2,273 |
| Real Estate | -1.0 % | 4.0 % | 9.1 % | 1,779 |
| Communication Services | -5.6 % | 4.0 % | 13.2 % | 1,041 |
| Materials | -1.2 % | 5.0 % | 12.2 % | 3,290 |
| Consumer Discretionary | 0.0 % | 6.1 % | 13.7 % | 3,453 |
| Information Technology | -1.5 % | 6.7 % | 15.5 % | 3,409 |
| Consumer Staples | 0.3 % | 7.2 % | 14.4 % | 1,671 |
| Energy | -2.3 % | 7.2 % | 14.9 % | 930 |
| Industrials | 0.6 % | 7.3 % | 14.2 % | 5,205 |
| Utilities | 2.8 % | 7.8 % | 12.6 % | 658 |
| Financials | 2.9 % | 9.5 % | 15.1 % | 3,112 |
Return on equity by industry (171)
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 |
|---|---|---|---|---|
| Movies & Entertainment | -2.6 % | 0.9 % | 2.1 % | 10 |
| Entertainment | -7.0 % | 1.4 % | 8.9 % | 210 |
| Advertising Agencies | -10.1 % | 2.2 % | 9.3 % | 175 |
| Broadcasting | -4.8 % | 2.3 % | 7.2 % | 59 |
| Electronic Gaming & Multimedia | -9.4 % | 3.8 % | 17.8 % | 135 |
| Internet Content & Information | -7.8 % | 4.7 % | 15.5 % | 123 |
| Publishing | 1.3 % | 6.5 % | 11.8 % | 95 |
| Telecom Services | 1.9 % | 8.5 % | 18.1 % | 227 |
Consumer Discretionary (28)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Hotels & Entertainment Services | 0.0 % | 0.0 % | 0.0 % | 10 |
| Textile Industrial | 0.0 % | 0.7 % | 6.7 % | 11 |
| Recreational Vehicles | -11.9 % | 2.4 % | 12.0 % | 38 |
| Textiles | 0.0 % | 3.9 % | 9.3 % | 30 |
| Lodging | -1.1 % | 3.9 % | 10.1 % | 148 |
| Textile Manufacturing | 0.3 % | 4.2 % | 9.2 % | 333 |
| Resorts & Casinos | -3.1 % | 4.4 % | 14.8 % | 65 |
| Furnishings, Fixtures & Appliances | -2.1 % | 4.7 % | 11.1 % | 299 |
| Department Stores | -1.0 % | 4.7 % | 10.4 % | 102 |
| Internet Retail | -5.2 % | 4.9 % | 17.9 % | 97 |
| Footwear & Accessories | -0.7 % | 5.4 % | 15.6 % | 92 |
| Consumer Electronics | -2.6 % | 5.4 % | 13.0 % | 114 |
| Apparel Manufacturing | 0.1 % | 5.5 % | 12.9 % | 209 |
| Auto Manufacturers | -6.6 % | 5.9 % | 13.1 % | 101 |
| Leisure | -0.5 % | 6.2 % | 13.3 % | 163 |
| Restaurants | -2.6 % | 6.3 % | 15.9 % | 185 |
| Gambling | -1.4 % | 6.7 % | 26.1 % | 42 |
| Auto & Truck Dealerships | 0.5 % | 6.8 % | 14.1 % | 87 |
| Education & Training Services | -3.1 % | 7.0 % | 17.6 % | 113 |
| Auto Parts | 2.5 % | 7.5 % | 12.5 % | 652 |
| Specialty Retail | 1.2 % | 7.5 % | 18.2 % | 198 |
| Residential Construction | 1.2 % | 7.9 % | 13.8 % | 63 |
| Home Improvement Retail | 4.1 % | 8.4 % | 16.5 % | 30 |
| Travel Services | 2.5 % | 9.1 % | 21.3 % | 83 |
| Apparel Retail | 0.0 % | 9.4 % | 20.9 % | 97 |
| Personal Services | 0.4 % | 11.3 % | 25.3 % | 36 |
| Luxury Goods | 2.5 % | 14.4 % | 21.4 % | 119 |
| Discount Stores | 11.8 % | 20.4 % | 28.0 % | 24 |
Consumer Staples (14)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Food & Tobacco | 0.0 % | 0.0 % | 0.0 % | 18 |
| Food Products | 0.0 % | 0.0 % | 8.8 % | 13 |
| Agricultural Products | 0.3 % | 1.7 % | 4.0 % | 14 |
| Beverages - Wineries & Distilleries | -1.2 % | 4.3 % | 10.7 % | 89 |
| Farm Products | -3.1 % | 4.5 % | 10.4 % | 284 |
| Pharmaceutical Retailers | 0.0 % | 5.6 % | 11.8 % | 53 |
| Confectioners | -0.6 % | 6.2 % | 11.2 % | 80 |
| Household & Personal Products | -0.5 % | 7.5 % | 15.6 % | 238 |
| Food Distribution | 1.6 % | 7.7 % | 16.4 % | 81 |
| Packaged Foods | 1.6 % | 7.8 % | 14.1 % | 618 |
| Beverages - Brewers | 1.7 % | 8.9 % | 15.1 % | 54 |
| Tobacco | 1.4 % | 11.8 % | 26.1 % | 30 |
| Grocery Stores | 5.6 % | 12.8 % | 19.3 % | 72 |
| Beverages - Non-Alcoholic | 5.3 % | 12.8 % | 21.5 % | 80 |
Energy (8)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Uranium | -18.9 % | -8.7 % | 1.7 % | 27 |
| Oil & Gas Drilling | -4.6 % | 5.1 % | 14.8 % | 34 |
| Oil & Gas E&P | -6.8 % | 5.7 % | 14.1 % | 255 |
| Thermal Coal | 1.9 % | 6.6 % | 12.9 % | 83 |
| Oil & Gas Equipment & Services | 0.0 % | 7.0 % | 13.2 % | 169 |
| Oil & Gas Refining & Marketing | 4.9 % | 12.3 % | 20.9 % | 106 |
| Oil & Gas Integrated | 7.8 % | 12.6 % | 16.0 % | 43 |
| Oil & Gas Midstream | 6.9 % | 13.8 % | 25.0 % | 79 |
Financials (20)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Shell Companies | -19.2 % | 0.0 % | 0.0 % | 46 |
| Investment Banking & Investment Services | -6.3 % | 0.0 % | 16.4 % | 16 |
| Investment Brokerage - National | 0.0 % | 0.0 % | 5.7 % | 13 |
| Diversified Financial Services | 0.8 % | 3.3 % | 6.9 % | 14 |
| Specialized Finance | 2.7 % | 5.1 % | 7.7 % | 13 |
| REIT - Mortgage | 0.5 % | 5.6 % | 11.6 % | 39 |
| Asset Management | -0.5 % | 6.0 % | 17.2 % | 650 |
| Capital Markets | 0.0 % | 7.9 % | 16.5 % | 451 |
| Credit Services | 1.5 % | 8.0 % | 14.8 % | 316 |
| Mortgage Finance | 1.8 % | 9.2 % | 14.0 % | 56 |
| Financial Conglomerates | 3.8 % | 9.6 % | 12.3 % | 53 |
| Banks - Regional | 6.5 % | 10.3 % | 13.5 % | 1,052 |
| Banks - Diversified | 9.4 % | 11.6 % | 15.4 % | 44 |
| Insurance - Reinsurance | 9.1 % | 12.6 % | 21.3 % | 25 |
| Insurance - Life | 6.5 % | 12.6 % | 20.2 % | 87 |
| Insurance - Diversified | 6.1 % | 13.1 % | 20.1 % | 81 |
| Insurance - Property & Casualty | 8.2 % | 14.2 % | 20.4 % | 115 |
| Insurance - Specialty | 10.7 % | 14.4 % | 17.3 % | 26 |
| Insurance Brokers | 9.7 % | 15.0 % | 25.9 % | 33 |
| Financial Data & Stock Exchanges | 13.9 % | 19.9 % | 30.3 % | 48 |
Health Care (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Biotechnology | -59.0 % | -19.9 % | 5.5 % | 578 |
| Health Information Services | -10.1 % | 2.8 % | 13.0 % | 112 |
| Diagnostics & Research | -8.1 % | 3.2 % | 12.6 % | 125 |
| Medical Devices | -14.3 % | 4.1 % | 11.4 % | 316 |
| Pharmaceuticals | 0.0 % | 4.4 % | 12.9 % | 34 |
| Drug Manufacturers - Specialty & Generic | -2.3 % | 6.7 % | 13.4 % | 562 |
| Medical Distribution | 1.8 % | 6.7 % | 10.3 % | 76 |
| Medical Instruments & Supplies | 1.2 % | 7.1 % | 13.8 % | 183 |
| Medical Care Facilities | 1.2 % | 8.3 % | 15.5 % | 233 |
| Drug Manufacturers - General | 1.3 % | 9.7 % | 21.3 % | 73 |
| Healthcare Plans | 6.9 % | 11.1 % | 16.2 % | 13 |
Industrials (29)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Trucking | -2.2 % | 2.3 % | 9.5 % | 43 |
| Construction & Engineering | 0.0 % | 3.1 % | 11.8 % | 20 |
| Pollution & Treatment Controls | -3.2 % | 4.5 % | 10.3 % | 83 |
| Conglomerates | -1.5 % | 5.4 % | 12.2 % | 348 |
| Metal Fabrication | 0.0 % | 5.7 % | 11.3 % | 249 |
| Business Equipment & Supplies | -2.4 % | 5.9 % | 11.5 % | 75 |
| Building Products & Equipment | -1.7 % | 5.9 % | 13.4 % | 250 |
| Aerospace & Defense | -1.4 % | 5.9 % | 9.2 % | 10 |
| Waste Management | -3.1 % | 6.0 % | 12.0 % | 151 |
| Infrastructure Operations | 3.4 % | 6.2 % | 9.4 % | 66 |
| Electrical Equipment & Parts | 0.0 % | 6.4 % | 15.3 % | 538 |
| Specialty Industrial Machinery | 0.7 % | 6.8 % | 12.9 % | 790 |
| Railroads | 2.4 % | 7.0 % | 11.1 % | 103 |
| Electrical Equipment | 1.7 % | 7.1 % | 15.2 % | 11 |
| Engineering & Construction | 0.7 % | 7.4 % | 15.2 % | 772 |
| Rental & Leasing Services | 0.2 % | 7.5 % | 12.8 % | 86 |
| Tools & Accessories | 3.4 % | 7.7 % | 14.3 % | 127 |
| Integrated Freight & Logistics | 1.5 % | 8.0 % | 14.1 % | 200 |
| Marine Shipping | 3.3 % | 8.1 % | 15.9 % | 230 |
| Consulting Services | -3.2 % | 8.7 % | 17.0 % | 70 |
| Industrial Distribution | 4.0 % | 9.1 % | 14.3 % | 109 |
| Farm & Heavy Construction Machinery | 3.1 % | 9.2 % | 16.3 % | 146 |
| Specialty Business Services | 1.9 % | 9.2 % | 17.2 % | 226 |
| Aerospace & Defense | 1.2 % | 9.5 % | 17.6 % | 231 |
| Staffing & Employment Services | -0.1 % | 9.6 % | 18.6 % | 82 |
| Industrial Machinery | 6.8 % | 10.0 % | 11.3 % | 17 |
| Airports & Air Services | 6.0 % | 11.2 % | 23.5 % | 48 |
| Airlines | 1.6 % | 12.7 % | 22.6 % | 48 |
| Machinery, Tools, Heavy Vehicles, Trains & Ships | 3.2 % | 144.9 % | 350.2 % | 15 |
Information Technology (15)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Solar | -23.3 % | -2.3 % | 10.5 % | 99 |
| IT Services | 0.0 % | 4.2 % | 9.1 % | 29 |
| Software - Application | -9.6 % | 4.8 % | 15.6 % | 614 |
| Software - Infrastructure | -8.7 % | 5.3 % | 16.3 % | 328 |
| Communication Equipment | -1.6 % | 5.4 % | 14.3 % | 285 |
| Scientific & Technical Instruments | -4.0 % | 5.9 % | 11.7 % | 154 |
| Security & Protection Services | 0.0 % | 6.9 % | 15.0 % | 105 |
| Electronic Components | 1.1 % | 7.0 % | 12.9 % | 640 |
| Semiconductors | -0.4 % | 7.2 % | 17.1 % | 345 |
| Computer Hardware | -0.8 % | 8.2 % | 18.0 % | 205 |
| Information Technology Services | 0.0 % | 9.0 % | 17.5 % | 464 |
| Semiconductor Equipment & Materials | 2.3 % | 9.9 % | 17.3 % | 221 |
| Electronics & Computer Distribution | 3.2 % | 9.9 % | 17.8 % | 154 |
| Semiconductors & Semiconductor Equipment | -28.3 % | 127.3 % | 266.0 % | 16 |
| Software & IT Services | 23.0 % | 201.7 % | 393.1 % | 12 |
Materials (19)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Coking Coal | -17.1 % | -3.9 % | 6.9 % | 21 |
| Other Precious Metals & Mining | -27.9 % | -3.8 % | 17.0 % | 92 |
| Other Industrial Metals & Mining | -20.5 % | -3.3 % | 11.4 % | 368 |
| Metals & Mining | 0.0 % | 0.0 % | 0.0 % | 24 |
| Other | 0.0 % | 0.0 % | 0.9 % | 81 |
| Lumber & Wood Production | -11.5 % | 0.4 % | 6.9 % | 71 |
| Construction Materials | 0.2 % | 2.6 % | 9.0 % | 11 |
| Paper & Paper Products | -0.1 % | 3.6 % | 8.2 % | 118 |
| Building Materials | -0.2 % | 4.5 % | 10.2 % | 254 |
| Steel | 0.0 % | 4.8 % | 10.8 % | 399 |
| Chemicals | 0.1 % | 5.8 % | 12.1 % | 327 |
| Specialty Chemicals | 1.4 % | 6.3 % | 11.9 % | 707 |
| Packaging & Containers | 1.3 % | 6.8 % | 11.4 % | 253 |
| Agricultural Inputs | 1.9 % | 7.1 % | 14.4 % | 164 |
| Containers & Packaging | 0.0 % | 7.3 % | 14.2 % | 23 |
| Silver | -34.1 % | 9.2 % | 18.9 % | 15 |
| Copper | 1.1 % | 9.4 % | 17.9 % | 56 |
| Gold | -10.4 % | 9.5 % | 27.9 % | 209 |
| Aluminum | 4.5 % | 9.6 % | 18.2 % | 77 |
Real Estate (13)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate Operations | 0.0 % | 0.0 % | 0.0 % | 33 |
| REIT - Residential | -2.5 % | 0.8 % | 7.9 % | 53 |
| REIT - Hotel & Motel | -1.2 % | 1.3 % | 7.2 % | 35 |
| REIT - Office | -3.4 % | 2.1 % | 5.3 % | 71 |
| Real Estate - Development | -3.7 % | 2.8 % | 9.2 % | 553 |
| Real Estate Services | -0.8 % | 4.2 % | 9.9 % | 516 |
| Real Estate - Diversified | -0.1 % | 4.5 % | 8.4 % | 128 |
| REIT - Diversified | -0.1 % | 5.1 % | 8.5 % | 148 |
| Real Estate Development | 0.0 % | 5.3 % | 9.9 % | 22 |
| REIT - Industrial | 4.0 % | 6.9 % | 8.9 % | 53 |
| REIT - Specialty | 5.0 % | 7.4 % | 11.5 % | 29 |
| REIT - Retail | 5.0 % | 8.0 % | 11.3 % | 92 |
| REIT - Healthcare Facilities | 3.0 % | 8.1 % | 10.7 % | 25 |
Utilities (6)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Utilities - Renewable | -3.5 % | 3.3 % | 8.9 % | 193 |
| Utilities - Regulated Water | 4.1 % | 7.7 % | 11.6 % | 61 |
| Utilities - Independent Power Producers | 2.7 % | 8.1 % | 13.2 % | 76 |
| Utilities - Regulated Gas | 5.5 % | 8.6 % | 13.3 % | 102 |
| Utilities - Diversified | 5.8 % | 9.1 % | 12.2 % | 50 |
| Utilities - Regulated Electric | 6.5 % | 9.8 % | 14.7 % | 157 |
History of sector medians
| Month | Health Care | Real Estate | Communication Services | Materials | Consumer Discretionary | Information Technology | Consumer Staples | Energy | Industrials | Utilities | Financials |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-09 | 3.4 % | 3.8 % | 2.9 % | 4.0 % | 5.4 % | 5.5 % | 7.1 % | 5.3 % | 6.8 % | 7.9 % | 9.4 % |
| 2026-10 | 3.2 % | 3.9 % | 4.0 % | 4.2 % | 5.7 % | 6.2 % | 7.1 % | 6.1 % | 7.0 % | 8.0 % | 9.4 % |
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Suggested citation: Fair Value Calculator (2026): Return on equity (ROE) by sector and industry, as of October 14, 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.