• Tenaga Nasional Berhad average return on tangible equity for 2022 was 6.21, a 9.74% decline from 2021.
• Tenaga Nasional Berhad average return on tangible equity for 2021 was 6.88, a 16.02% decline from 2020.
• Tenaga Nasional Berhad average return on tangible equity for 2020 was 5.93, a 1.5% increase from 2019.

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.