• Guidewire Software average return on tangible equity for 2023 was -14.48, a 6.16% decline from 2022.
• Guidewire Software average return on tangible equity for 2022 was -15.43, a 252.28% decline from 2021.
• Guidewire Software average return on tangible equity for 2021 was -4.38, a 71.09% 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.