• Iberdrola S.A average return on tangible equity for 2023 was 12.45, a 4.96% increase from 2022.
• Iberdrola S.A average return on tangible equity for 2022 was 13.1, a 0.46% decline from 2021.
• Iberdrola S.A average return on tangible equity for 2021 was 13.16, a 3.52% 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.