Published on 28 Sep 2023 on Simply Wall St. via Yahoo Finance
ITV plc's (LON:ITV) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?
ITV's (LON:ITV) stock is up by 6.0% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. Particularly, we will be paying attention to ITV's ROE today.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
Check out our latest analysis for ITV