• Teledyne Technologies average return on tangible equity for 2023 was -42.57, a 70.9% increase from 2022.
• Teledyne Technologies average return on tangible equity for 2022 was -24.91, a 30.52% increase from 2021.
• Teledyne Technologies average return on tangible equity for 2021 was -35.85, a 126.77% 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.