• Graphic Packaging Holding average return on tangible equity for 2023 was -159.29, a 211.11% decline from 2022.
• Graphic Packaging Holding average return on tangible equity for 2022 was -51.2, a 77.94% increase from 2021.
• Graphic Packaging Holding average return on tangible equity for 2021 was -232.13, a 139.82% 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.