Sumitomo Corporation remains a 'Buy', as I see the expected uptrend in ROIC and ROE justifying a higher P/B multiple. Management targets a 100bps ROIC expansion over the next five years at the recent ...
This is what return on equity (RoE) measures. A company's equity, or book value, is total assets minus total liabilities. In other words, if you sold off all the assets, paid off all the debts, equity ...