CCU (United Breweries Co) Return-on-Tangible-Asset: 6.54% (As of Mar. 2026) — 20% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CCU United Breweries Co Inc CCU
78 GF Score
Price $11.03
GF Value $13.17
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is United Breweries Co Return-on-Tangible-Asset?

United Breweries Co CCU -0.63% 78 Return-on-Tangible-Asset is 6.54% as of Mar. 2026, which is 20% above its 10-year median of 5.45. GuruFocus rates CCU with a GF Score™ of 78/100 and a GF Value™ of $13.17 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 213 Beverages - Alcoholic companies, United Breweries Co ranks better than 51.17% 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. United Breweries Co's annualized Net Income for the quarter that ended in Mar. 2026 was $236 Mil. United Breweries Co's average total tangible assets for the quarter that ended in Mar. 2026 was $3,608 Mil. Therefore, United Breweries Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.54%.

The historical rank and industry rank for United Breweries Co's Return-on-Tangible-Asset or its related term are showing as below:

CCU' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.29   Med: 5.45   Max: 15.47
Current: 3.37

During the past 13 years, United Breweries Co's highest Return-on-Tangible-Asset was 15.47%. The lowest was 3.29%. And the median was 5.45%.

CCU's Return-on-Tangible-Asset is ranked better than
51.17% of 213 companies
in the Beverages - Alcoholic industry
Industry Median: 3.09 vs CCU: 3.37

United Breweries Co  (NYSE:CCU) 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 company’s 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 company’s 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.


United Breweries Co Return-on-Tangible-Asset Related Terms


United Breweries Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for United Breweries Co'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.

United Breweries Co Return-on-Tangible-Asset Chart

United Breweries Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.64 3.99 3.28 4.52 3.56

United Breweries Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.70 -1.27 1.82 6.98 6.54

CCU vs BUD, STZ, TAP: Return-on-Tangible-Asset Comparison

For the Beverages - Brewers subindustry, United Breweries Co'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.


United Breweries Co Return-on-Tangible-Asset vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where United Breweries Co's Return-on-Tangible-Asset falls into.


CCU
78GF Score
United Breweries Co Inc CCU
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Breweries Co Return-on-Tangible-Asset Calculation

United Breweries Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=128.183/( (3639.593+3566.916)/ 2 )
=128.183/3603.2545
=3.56 %

United Breweries Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=236.016/( (3566.916+3649.462)/ 2 )
=236.016/3608.189
=6.54 %

* 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 (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of 6.54% mean?
United Breweries Co (CCU) has a Return-on-Tangible-Asset of 6.54% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on United Breweries Co and its competitors. This is 20% above median its historical median of 5.45. Over the past decade, United Breweries Co's Return-on-Tangible-Asset has ranged from 3.29 to 15.47. According to the industry distribution chart, United Breweries Co ranks #104 out of 213 companies in the Beverages - Alcoholic industry, placing it in the top 48.8%.
Is United Breweries Co's Return-on-Tangible-Asset too high?
United Breweries Co's current Return-on-Tangible-Asset of 6.54% is 20% above median its 10-year median of 5.45. Over the past 10 years, this metric has ranged from a low of 3.29 to a high of 15.47. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.09. United Breweries Co's value of 6.54% is 111.7% above this industry median. Based on the distribution chart, United Breweries Co ranks #104 out of 213 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, United Breweries Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries Co's Return-on-Tangible-Asset compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, United Breweries Co ranks #104 out of 213 companies for Return-on-Tangible-Asset. This puts United Breweries Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.09. United Breweries Co's value of 6.54% is 111.7% above this benchmark. Historically, United Breweries Co's own Return-on-Tangible-Asset has ranged from 3.29 to 15.47 over the past decade. While the company's 10-year median is 5.45 vs. the industry median of 3.09, United Breweries Co 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. United Breweries Co's current Return-on-Tangible-Asset of 6.54% is 111.7% 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 United Breweries Co 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. United Breweries Co's current Return-on-Tangible-Asset is 6.54%, which is 20% above median its own 10-year median of 5.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries Co stock overvalued right now?
Based on GuruFocus' analysis, United Breweries Co (CCU) is currently considered Modestly Undervalued. The stock's GF Value™ is $13.17, compared to a current price of $11.03 — trading 16.2% below its estimated fair value. The current Return-on-Tangible-Asset is 6.54%, which is 20% above median its 10-year median of 5.45 and 111.7% above the Beverages - Alcoholic industry median of 3.09. United Breweries Co's overall GF Score™ is 78/100 with 6 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 United Breweries Co (CCU), the current Return-on-Tangible-Asset is 6.54% as of Mar. 2026. 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 United Breweries Co (CCU) Overvalued in 2026?

Based on GuruFocus' analysis, United Breweries Co stock appears to be undervalued. The current stock price of $11.03 is trading 16.2% below its estimated GF Value™ of $13.17. GuruFocus considers United Breweries Co to be Modestly Undervalued.

Key valuation signals for CCU:

  • Return-on-Tangible-Asset: 6.54% (20% above median its 10-year median of 5.45)
  • GF Value™: $13.17 vs. price of $11.03 (16.2% below fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 111.7% above the Beverages - Alcoholic median (#104 of 213)

No single metric tells the full story. See the CCU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Breweries Co Business Description

Other Exchanges CVU:GermanyCCU:Chile
Address Avenida Vitacura N 2670, Twenty-Third Floor, Santiago, CHL
United Breweries Co Inc is a multi-category beverage company with operations in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The company is a player in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, mineral and bottled water, juice, wine, cider and pisco, among others. The Company has three operating segment with respect to its revenues in the geographic areas of commercial activity: Chile; International business and Wine. It generates maximum revenue from Chile.
78GF Score

Get the complete analysis for CCU

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.03
Price
$13.17
GF Value