Definitions of key ratios

Return on Equity (ROE), % Profit before taxes - taxes
  =  
 x 100
Shareholders' equity + minority interest, average
 
 
Return on Investment (ROI), % Profit before taxes + interest and other financing costs
  =  
 x 100
Balance sheet total - non-interest-bearing liabilities, average
 
 
Solvency, % Shareholders' equity + minority interest
  =  
 x 100
Balance sheet total - advance payments received
 
 
Gearing, % Net interest-bearing liabilities
  =  
 x 100
Shareholders' equity + minority interest
 
 
Net interest-bearing liabilities
  =   Interest-bearing liabilities - cash, bank receivables and financial assets  
 
 
Earnings per share (EPS) Profit for the period
  =  
 
Number of shares adjusted for share issue in financial period excluding treasury shares
 
 
Equity per share ratio Shareholders' equity
  =  
 
Average number of shares adjusted for share issue at end of year
 
 
Dividend per share ratio Dividend per share
  =  
 
Profit per share
 
 
Effective dividend yield Dividend per share
  =  
 x 100
Share price at end of financial period
 
 
Price-Earnings ratio (P/E) Share price at end of financial period
  =  
 
Earnings per share
 
 
Share trading progress
  =   Number of shares traded during the financial year in relation to average value of the said number of shares  
 
 
Market value of shares
  =   Number of shares at end of financial period x last trading price  
 
 
Average share price Total value of shares traded (EUR)
  =  
 
Total number of shares traded

Updated: 10 Feb 2011