• Gartner average return on tangible equity for 2023 was -30.37, a 37.98% increase from 2022.
• Gartner average return on tangible equity for 2022 was -22.01, a 6.22% increase from 2021.
• Gartner average return on tangible equity for 2021 was -23.47, a 178.74% 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.