Public Service Enterprise Group Inc (PEG)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,884,000 | 1,737,000 | 1,808,000 | 2,563,000 | 2,805,000 | 2,780,000 | 2,320,000 | 1,031,000 | 688,000 | -990,000 | -1,298,000 | -648,000 | -662,000 | 1,477,000 | 2,105,000 | 1,905,000 | 1,911,000 | 1,739,000 | 1,441,000 | 1,693,000 |
| Total stockholders’ equity | US$ in thousands | 14,711,000 | 16,095,000 | 15,718,000 | 14,098,000 | 15,166,000 | 15,053,000 | 14,726,000 | 12,352,000 | 13,251,000 | 13,428,000 | 13,598,000 | 13,542,000 | 14,069,000 | 15,878,000 | 16,277,000 | 15,123,000 | 15,836,000 | 15,491,000 | 15,249,000 | 14,258,000 |
| ROE | 12.81% | 10.79% | 11.50% | 18.18% | 18.50% | 18.47% | 15.75% | 8.35% | 5.19% | -7.37% | -9.55% | -4.79% | -4.71% | 9.30% | 12.93% | 12.60% | 12.07% | 11.23% | 9.45% | 11.87% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,884,000K ÷ $14,711,000K
= 12.81%
Public Service Enterprise Group Inc's return on equity (ROE) has shown fluctuations over the past few years. From December 2019 to December 2020, the ROE increased steadily, reaching its peak at 12.60%. However, starting from March 2021, there was a downward trend in ROE, with negative ROE values reported for the third and fourth quarters of 2021.
The negative ROE values in 2021 indicated that the company's net income was not sufficient to cover the shareholders' equity, raising concerns about its profitability and efficiency in generating returns for shareholders. This trend improved in the following periods, with ROE returning to positive values from March 2022 onwards.
In recent quarters, particularly in December 2023 and September 2024, Public Service Enterprise Group Inc experienced a significant increase in ROE, reaching levels above 18%. This suggests a notable improvement in the company's profitability and efficiency in utilizing shareholders' equity to generate returns.
The fluctuations in ROE over the analyzed periods indicate varying levels of financial performance and efficiency in deploying capital within Public Service Enterprise Group Inc. Investors and stakeholders should continue to monitor the company's ROE to assess its ability to generate returns on shareholders' equity in the future.
Peer comparison
Dec 31, 2024