After reading this article from the fifth person, I was wondering if it is the right move to not include the ROE as a criteria. In my initial Scorecard, I did include an analysis of ROE as a criteria. But I remove it for the Triple S Scorecard because of the chapter 21, Market Consistently Underprices Quality, in Show Me The Money Book 2. It basically states mean reversion of ROE does have over a long time. A good ROE will drop and a bad ROE will rise over a long time. (I maybe wrong in my interpretation). Nevertheless, the question came to my mind after reading the article from the fifth person. While researching on ROE, I found that ROE can be broken (or remembered) into the Dupont Analysis. ROE can be broken into Asset Turnover, Operating Margin and Financial Leverage. If you remember the criteria in the Scorecard, ......