• Gartner average return on tangible equity for 2023 was -29.4, a 31.31% increase from 2022.
• Gartner average return on tangible equity for 2022 was -22.39, a 10.08% increase from 2021.
• Gartner average return on tangible equity for 2021 was -20.34, a 130.61% 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.