NOVACAUTIOUS

NOVA Return on Equity (ROE) Analysis

-20.1%

Higher than 13% of Energy sector peers

Updated 1678h ago·SEC filings & market data

Key Takeaway

NOVA (NOVA) has a Return on Equity (ROE) of -20.1% as of May 2026.

Sector Performance

13th percentile

NOVA

-20.1%

Sector Median

11.3%

Sector Avg

6.9%

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Deep Analysis

NOVA (NOVA) has a Return on Equity (ROE) of -20.1% as of May 2026.

This places NOVA in the 13th percentile of the Energy sector, which has a median Return on Equity (ROE) of 11.3% and a sector average of 6.9%. NOVA's Return on Equity (ROE) is 277.9% below the sector median, a significant divergence that warrants closer examination. In context: ROE measures how effectively management turns equity into profit. Consistently above 15% is typically considered strong. Negative equity distorts this metric.

Frequently Asked Questions

What does the Return on Equity (ROE) tell investors about NOVA?

ROE measures how effectively management turns equity into profit. Consistently above 15% is typically considered strong. Negative equity distorts this metric.

How is the Return on Equity (ROE) calculated?

Return on Equity (ROE) is calculated as: Net Income / Shareholders' Equity.

How does NOVA's Return on Equity (ROE) compare to its sector?

NOVA's Return on Equity (ROE) of -20.1% compares to a Energy sector median of 11.3%, placing it in the 13th percentile.

Who are NOVA's closest peers by Return on Equity (ROE)?

The closest Energy peers by Return on Equity (ROE) include: TRP (11.3%), SHEL (10.7%), ET (12.4%), IMO (12.4%), MTDR (10.1%).

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Learn More About Return on Equity (ROE)

What Is Return on Equity (ROE) and Is Higher Always Better?

Return on equity ROE measures how efficiently a company generates profit from shareholder capital. Learn how to decompose ROE using DuPont analysis and why high leverage can make it dangerous—with Apple and JPMorgan examples.

The Formula

Net Income / Shareholders' Equity

Why It Matters

ROE measures how effectively management turns equity into profit. Consistently above 15% is typically considered strong. Negative equity distorts this metric.