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National BeverageFRA:20V 74 Return-on-Tangible-Asset is 20.02% as of Apr. 2026, which is 31% below its 10-year median of 28.85. GuruFocus rates FRA:20V with a GF Score™ of 74/100 and a GF Value™ of €39.76. The stock has 1 warning sign investors should review. Among 116 Beverages - Non-Alcoholic companies, National Beverage ranks better than 93.97% 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. National Beverage's annualizedNet Income for the quarter that ended in Apr. 2026 was €138 Mil. National Beverage's average total tangible assets for the quarter that ended in Apr. 2026 was €689 Mil. Therefore, National Beverage's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 20.02%.
The historical rank and industry rank for National Beverage's Return-on-Tangible-Asset or its related term are showing as below:
FRA:20V'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 24.26 Med: 28.85 Max: 38.24
Current: 24.62
During the past 13 years, National Beverage's highest Return-on-Tangible-Asset was 38.24%. The lowest was 24.26%. And the median was 28.85%.
FRA:20V's Return-on-Tangible-Asset is ranked better than 93.97% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.845
vs FRA:20V: 24.62
National Beverage (FRA:20V) 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.
National Beverage Return-on-Tangible-Asset Related Terms
National Beverage Return-on-Tangible-Asset Historical Data
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The historical data trend for National Beverage'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.
FRA:20V vs COCO, SUJA, BUDA: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, National Beverage'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.
National Beverage Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, National Beverage's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where National Beverage'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 20.02% mean?
National Beverage (FRA:20V) has a Return-on-Tangible-Asset of 20.02% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on National Beverage and its competitors. This is 31% below median its historical median of 28.85. Over the past decade, National Beverage's Return-on-Tangible-Asset has ranged from 24.26 to 38.24. According to the industry distribution chart, National Beverage ranks #7 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 6%.
Is National Beverage's Return-on-Tangible-Asset too high?
National Beverage's current Return-on-Tangible-Asset of 20.02% is 31% below median its 10-year median of 28.85. Over the past 10 years, this metric has ranged from a low of 24.26 to a high of 38.24. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.85. National Beverage's value of 20.02% is 192.5% above this industry median. Based on the distribution chart, National Beverage ranks #7 out of 116 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, National Beverage has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does National Beverage's Return-on-Tangible-Asset compare to COCO and SUJA?
According to the Beverages - Non-Alcoholic industry distribution chart, National Beverage ranks #7 out of 116 companies for Return-on-Tangible-Asset. This places National Beverage in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 6.85. National Beverage's value of 20.02% is 192.5% above this benchmark. Historically, National Beverage's own Return-on-Tangible-Asset has ranged from 24.26 to 38.24 over the past decade. While the company's 10-year median is 28.85 vs. the industry median of 6.85, National Beverage 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 6.85, based on 116 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. National Beverage's current Return-on-Tangible-Asset of 20.02% is 192.5% 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 National Beverage and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Beverage's current Return-on-Tangible-Asset is 20.02%, which is 31% below median its own 10-year median of 28.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Beverage stock overvalued right now?
National Beverage (FRA:20V) has a current Return-on-Tangible-Asset of 20.02%. The stock's GF Value™ is €39.76, compared to a current price of €28.00 — trading 29.6% below its estimated fair value. The current Return-on-Tangible-Asset is 20.02%, which is 31% below median its 10-year median of 28.85 and 192.5% above the Beverages - Non-Alcoholic industry median of 6.85. National Beverage's overall GF Score™ is 74/100 with 1 warning sign 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 National Beverage (FRA:20V), the current Return-on-Tangible-Asset is 20.02% as of Apr. 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 National Beverage (FRA:20V) Overvalued in 2026?
Based on GuruFocus' analysis, National Beverage stock appears to be undervalued.
The current stock price of €28.00 is trading 29.6% below its estimated GF Value™ of €39.76.
Key valuation signals for FRA:20V:
Return-on-Tangible-Asset: 20.02% (31% below median its 10-year median of 28.85)
GF Value™: €39.76 vs. price of €28.00 (29.6% below fair value)
Industry Position: 192.5% above the Beverages - Non-Alcoholic median (#7 of 116)
No single metric tells the full story. See the FRA:20V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants).
74GF Score
Get the complete analysis for FRA:20V
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