• Lowe's average return on tangible equity for 2023 was -51.39, a 80.15% decline from 2022.
• Lowe's average return on tangible equity for 2022 was -258.87, a 103.99% decline from 2021.
• Lowe's average return on tangible equity for 2021 was 6481.84, a 3280.71% 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.