• Watts Water Technologies average return on tangible equity for 2023 was 42.7, a 8.94% increase from 2022.
• Watts Water Technologies average return on tangible equity for 2022 was 46.89, a 13.1% decline from 2021.
• Watts Water Technologies average return on tangible equity for 2021 was 41.46, a 12.55% 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.