Published on 11 Mar 2024 on Simply Wall St. via Yahoo Finance
ABB Ltd's (VTX:ABBN) Stock Is Going Strong: Is the Market Following Fundamentals?
Most readers would already be aware that ABB's (VTX:ABBN) stock increased significantly by 11% over the past three months. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. In this article, we decided to focus on ABB's ROE.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
Check out our latest analysis for ABB