• Pegasystems average return on tangible equity for 2023 was -307.32, a 68.17% decline from 2022.
• Pegasystems average return on tangible equity for 2022 was -182.74, a 2536.94% increase from 2021.
• Pegasystems average return on tangible equity for 2021 was -6.93, a 54.53% 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.