Coca-Cola HBC AGATH:EEE +0.68%96 Return-on-Tangible-Asset is 10.19% as of Dec. 2025, which is 17% above its 10-year median of 8.74. GuruFocus rates ATH:EEE with a GF Score™ of 96/100 and a GF Value™ of €37.76 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 115 Beverages - Non-Alcoholic companies, Coca-Cola HBC AG ranks better than 65.22% 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. Coca-Cola HBC AG's annualizedNet Income for the quarter that ended in Dec. 2025 was €940 Mil. Coca-Cola HBC AG's average total tangible assets for the quarter that ended in Dec. 2025 was €9,218 Mil. Therefore, Coca-Cola HBC AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 10.19%.
The historical rank and industry rank for Coca-Cola HBC AG's Return-on-Tangible-Asset or its related term are showing as below:
ATH:EEE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.09 Med: 8.74 Max: 11.2
Current: 10.74
During the past 13 years, Coca-Cola HBC AG's highest Return-on-Tangible-Asset was 11.20%. The lowest was 6.09%. And the median was 8.74%.
ATH:EEE's Return-on-Tangible-Asset is ranked better than 65.22% of 115
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.84
vs ATH:EEE: 10.74
Coca-Cola HBC AG (ATH:EEE) 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.
Coca-Cola HBC AG Return-on-Tangible-Asset Related Terms
Coca-Cola HBC AG Return-on-Tangible-Asset Historical Data
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The historical data trend for Coca-Cola HBC AG'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.
ATH:EEE vs KO, PEP, MNST: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG'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.
Coca-Cola HBC AG Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Coca-Cola HBC AG'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 10.19% mean?
Coca-Cola HBC AG (ATH:EEE) has a Return-on-Tangible-Asset of 10.19% 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 Coca-Cola HBC AG and its competitors. This is 17% above median its historical median of 8.74. Over the past decade, Coca-Cola HBC AG's Return-on-Tangible-Asset has ranged from 6.09 to 11.20. According to the industry distribution chart, Coca-Cola HBC AG ranks #40 out of 115 companies in the Beverages - Non-Alcoholic industry, placing it in the top 34.8%.
Is Coca-Cola HBC AG's Return-on-Tangible-Asset too high?
Coca-Cola HBC AG's current Return-on-Tangible-Asset of 10.19% is 17% above median its 10-year median of 8.74. Over the past 10 years, this metric has ranged from a low of 6.09 to a high of 11.20. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.84. Coca-Cola HBC AG's value of 10.19% is 49% above this industry median. Based on the distribution chart, Coca-Cola HBC AG ranks #40 out of 115 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Coca-Cola HBC AG has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola HBC AG's Return-on-Tangible-Asset compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola HBC AG ranks #40 out of 115 companies for Return-on-Tangible-Asset. This puts Coca-Cola HBC AG in the upper half of its industry. The industry median Return-on-Tangible-Asset is 6.84. Coca-Cola HBC AG's value of 10.19% is 49% above this benchmark. Historically, Coca-Cola HBC AG's own Return-on-Tangible-Asset has ranged from 6.09 to 11.20 over the past decade. While the company's 10-year median is 8.74 vs. the industry median of 6.84, Coca-Cola HBC AG 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 - Non-Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Non-Alcoholic companies is 6.84, based on 115 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. Coca-Cola HBC AG's current Return-on-Tangible-Asset of 10.19% is 49% 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 Coca-Cola HBC AG and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola HBC AG's current Return-on-Tangible-Asset is 10.19%, which is 17% above median its own 10-year median of 8.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola HBC AG stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola HBC AG (ATH:EEE) is currently considered Significantly Overvalued. The stock's GF Value™ is €37.76, compared to a current price of €59.50 — trading 57.6% above its estimated fair value. The current Return-on-Tangible-Asset is 10.19%, which is 17% above median its 10-year median of 8.74 and 49% above the Beverages - Non-Alcoholic industry median of 6.84. Coca-Cola HBC AG's overall GF Score™ is 96/100 with 5 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 Coca-Cola HBC AG (ATH:EEE), the current Return-on-Tangible-Asset is 10.19% 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 Coca-Cola HBC AG (ATH:EEE) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola HBC AG stock appears to be overvalued.
The current stock price of €59.50 is trading 57.6% above its estimated GF Value™ of €37.76.
GuruFocus considers Coca-Cola HBC AG to be Significantly Overvalued.
Key valuation signals for ATH:EEE:
Return-on-Tangible-Asset: 10.19% (17% above median its 10-year median of 8.74)
GF Value™: €37.76 vs. price of €59.50 (57.6% above fair value)
Industry Position: 49% above the Beverages - Non-Alcoholic median (#40 of 115)
No single metric tells the full story. See the ATH:EEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2025, CCHBC sold 2.9 billion unit cases of beverages. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.
96GF Score
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