• APi Group average return on tangible equity for 2023 was -1.09, a 107.4% decline from 2022.
• APi Group average return on tangible equity for 2022 was 14.73, a 18.17% decline from 2021.
• APi Group average return on tangible equity for 2021 was 18, a 89.22% decline 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.