• ABB average return on tangible equity for 2023 was 269.87, a 17.73% decline from 2022.
• ABB average return on tangible equity for 2022 was 229.23, a 20.14% increase from 2021.
• ABB average return on tangible equity for 2021 was 190.81, a 77.34% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.