• NVent Electric average return on tangible equity for 2024 was -76.15, a 9.54% increase from 2023.
• NVent Electric average return on tangible equity for 2023 was -69.52, a 59.08% increase from 2022.
• NVent Electric average return on tangible equity for 2022 was -43.7, a 151.44% increase from 2021.

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.