• MSCI Inc average return on tangible equity for 2023 was -25.25, a 5.83% decline from 2022.
• MSCI Inc average return on tangible equity for 2022 was -23.86, a 18.32% increase from 2021.
• MSCI Inc average return on tangible equity for 2021 was -29.21, a 9.32% 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.