Asahi Group HoldingsASBRF 81 Return-on-Tangible-Asset is 3.25% as of Dec. 2025, which is 62% below its 10-year median of 8.49. GuruFocus rates ASBRF with a GF Score™ of 81/100 and a GF Value™ of $13.71 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 213 Beverages - Alcoholic companies, Asahi Group Holdings ranks better than 72.77% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Asahi Group Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was $482 Mil. Asahi Group Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was $14,813 Mil. Therefore, Asahi Group Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.25%.
The historical rank and industry rank for Asahi Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ASBRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.78 Med: 8.49 Max: 9.48
Current: 7.57
During the past 13 years, Asahi Group Holdings's highest Return-on-Tangible-Asset was 9.48%. The lowest was 4.78%. And the median was 8.49%.
ASBRF's Return-on-Tangible-Asset is ranked better than 72.77% of 213
companies
in the Beverages - Alcoholic industry
Industry Median: 3.09
vs ASBRF: 7.57
Asahi Group Holdings (OTCPK:ASBRF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Asahi Group Holdings Return-on-Tangible-Asset Related Terms
Asahi Group Holdings Return-on-Tangible-Asset Historical Data
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The historical data trend for Asahi Group Holdings's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Asahi Group Holdings Return-on-Tangible-Asset Chart
ASBRF vs BUD, STZ, TAP: Return-on-Tangible-Asset Comparison
For the Beverages - Brewers subindustry, Asahi Group Holdings's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Asahi Group Holdings Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asahi Group Holdings's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.25% mean?
Asahi Group Holdings (ASBRF) has a Return-on-Tangible-Asset of 3.25% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Asahi Group Holdings and its competitors. This is 62% below median its historical median of 8.49. Over the past decade, Asahi Group Holdings' Return-on-Tangible-Asset has ranged from 4.78 to 9.48. According to the industry distribution chart, Asahi Group Holdings ranks #58 out of 213 companies in the Beverages - Alcoholic industry, placing it in the top 27.2%.
Is Asahi Group Holdings' Return-on-Tangible-Asset too high?
Asahi Group Holdings' current Return-on-Tangible-Asset of 3.25% is 62% below median its 10-year median of 8.49. Over the past 10 years, this metric has ranged from a low of 4.78 to a high of 9.48. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.09. Asahi Group Holdings' value of 3.25% is 5.2% above this industry median. Based on the distribution chart, Asahi Group Holdings ranks #58 out of 213 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Asahi Group Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Group Holdings' Return-on-Tangible-Asset compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Asahi Group Holdings ranks #58 out of 213 companies for Return-on-Tangible-Asset. This puts Asahi Group Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.09. Asahi Group Holdings' value of 3.25% is 5.2% above this benchmark. Historically, Asahi Group Holdings' own Return-on-Tangible-Asset has ranged from 4.78 to 9.48 over the past decade. While the company's 10-year median is 8.49 vs. the industry median of 3.09, Asahi Group Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Beverages - Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Alcoholic companies is 3.09, based on 213 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asahi Group Holdings's current Return-on-Tangible-Asset of 3.25% is 5.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Asahi Group Holdings and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Group Holdings's current Return-on-Tangible-Asset is 3.25%, which is 62% below median its own 10-year median of 8.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asahi Group Holdings (ASBRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $13.71, compared to a current price of $9.75 — trading 28.9% below its estimated fair value. The current Return-on-Tangible-Asset is 3.25%, which is 62% below median its 10-year median of 8.49 and 5.2% above the Beverages - Alcoholic industry median of 3.09. Asahi Group Holdings' overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Asahi Group Holdings (ASBRF), the current Return-on-Tangible-Asset is 3.25% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Asahi Group Holdings (ASBRF) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Group Holdings stock appears to be undervalued.
The current stock price of $9.75 is trading 28.9% below its estimated GF Value™ of $13.71.
GuruFocus considers Asahi Group Holdings to be Modestly Undervalued.
Key valuation signals for ASBRF:
Return-on-Tangible-Asset: 3.25% (62% below median its 10-year median of 8.49)
GF Value™: $13.71 vs. price of $9.75 (28.9% below fair value)
Industry Position: 5.2% above the Beverages - Alcoholic median (#58 of 213)
No single metric tells the full story. See the ASBRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi is the largest brewer in Japan with a nearly 40% market share, led by its Asahi Super Dry brand. It also operates a wide range of alcoholic and soft beverage products as well as packaged foods, mainly in Japan. Overseas markets accounted for over half of the company's revenue and close to 60% of operating profit, with Australia and Europe being two major markets. It acquired SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017 from Anheuser-Busch InBev. In Australia, Asahi holds market leaderships across beer and soft drinks segments, through its acquisitions of Schweppes Australia in 2009 and Carlton & United Breweries in 2020.
81GF Score
Get the complete analysis for ASBRF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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