• Procter & Gamble average return on tangible equity for 2023 was -81.73, a 3.72% increase from 2022.
• Procter & Gamble average return on tangible equity for 2022 was -78.8, a 3.15% increase from 2021.
• Procter & Gamble average return on tangible equity for 2021 was -81.36, a 24.46% 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.