These senators need a lesson in business valuationdifferent...

These senators need a lesson in business valuation

different business use different metrics for valuations and performance, you cant compared banks ROE against Woolies ROE, you need to compared against its peers as banks profitability is usually measure on Return on Equity.

retails usually use gross margin or net margin as a measure of business performance

you can also use a combination of metrics but to cherry picked a figure like ROE and said you profiteering is just political stunts
woolies net profit margin is 4-5% and Coles is around 3% mark

are you profiteering when you sell stuff for a $1 and you profit 3-5c after all the cost and tax?
hell Aldi has even higher net profit margin of around 7-8%

poor Coles and Woolies get drag through the mud for political grandstanding