• Heidelberg Materials AG average return on tangible equity for 2018 was 23.16, a 39.35% increase from 2017.
• Heidelberg Materials AG average return on tangible equity for 2017 was 16.62, a 19.83% increase from 2016.
• Heidelberg Materials AG average return on tangible equity for 2016 was 13.87, a 0.14% increase from 2015.

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.