# Does ROE project future returns?

ROE is not your return as an investor - that is what you are missing.

1.3^20 = 190. Apple's current market cap is $1T today.$190T is a bit more than Total US wealth, just passing $100T. Even adjusting for inflation won't work. edit, to respond to OP’s comment. Instead of looking at Apple’s share price, I observe that the market cap, the total value of all shares, is over$1T, a trillion dollars. You ask, I believe, if the 30% growth can continue, long term. Simple math of 30%/yr, multiplying by 1.3 20 times, turns $1T in value to$190T. My answer is no, as the current total US wealth is just $100T. Not looking to debate projected US wealth, but even if we assume$400T, it would be difficult to imagine one company having such value, in comparison.