Published on 19 Jun 2024 on Simply Wall St. · via Yahoo Finance
Ferguson plc's (NYSE:FERG) Stock Has Been Sliding But Fundamentals Look Strong:...
It is hard to get excited after looking at Ferguson's (NYSE:FERG) recent performance, when its stock has declined 11% over the past three months. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Ferguson's ROE.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.