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The historical rank and industry rank for China Resources Beer (Holdings) Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:CHK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.78 Med: 7.02 Max: 12.3
Current: 7.31
During the past 13 years, China Resources Beer (Holdings) Co's highest Return-on-Tangible-Asset was 12.30%. The lowest was 1.78%. And the median was 7.02%.
FRA:CHK's Return-on-Tangible-Asset is ranked better than 71.56% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 3.11
vs FRA:CHK: 7.31
China Resources Beer (Holdings) Co (FRA:CHK) 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.
China Resources Beer (Holdings) Co Return-on-Tangible-Asset Related Terms
China Resources Beer (Holdings) Co Return-on-Tangible-Asset Historical Data
* 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.
China Resources Beer (Holdings) Co Return-on-Tangible-Asset Chart
FRA:CHK vs STZ, TAP: Return-on-Tangible-Asset Comparison
For the Beverages - Brewers subindustry, China Resources Beer (Holdings) 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.
China Resources Beer (Holdings) Co Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Resources Beer (Holdings) Co'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 -10.35% mean?
China Resources Beer (Holdings) Co (FRA:CHK) has a Return-on-Tangible-Asset of -10.35% 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 China Resources Beer (Holdings) Co and its competitors. Over the past decade, China Resources Beer (Holdings) Co's Return-on-Tangible-Asset has ranged from 1.78 to 12.30. According to the industry distribution chart, China Resources Beer (Holdings) Co ranks #60 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 28.4%.
Is China Resources Beer (Holdings) Co's Return-on-Tangible-Asset too high?
China Resources Beer (Holdings) Co's current Return-on-Tangible-Asset is -10.35%. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 12.30. Based on the distribution chart, China Resources Beer (Holdings) Co ranks #60 out of 211 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, China Resources Beer (Holdings) Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Resources Beer (Holdings) Co's Return-on-Tangible-Asset compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, China Resources Beer (Holdings) Co ranks #60 out of 211 companies for Return-on-Tangible-Asset. This puts China Resources Beer (Holdings) Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.11. Historically, China Resources Beer (Holdings) Co's own Return-on-Tangible-Asset has ranged from 1.78 to 12.30 over the past decade. 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 3.11, based on 211 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. 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 China Resources Beer (Holdings) Co and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Asset is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Beer (Holdings) Co's current Return-on-Tangible-Asset is -10.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Beer (Holdings) Co stock overvalued right now?
Based on GuruFocus' analysis, China Resources Beer (Holdings) Co (FRA:CHK) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.31, compared to a current price of €2.68 — trading 19% below its estimated fair value. The current Return-on-Tangible-Asset is -10.35%. China Resources Beer (Holdings) Co's overall GF Score™ is 90/100 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 China Resources Beer (Holdings) Co (FRA:CHK), the current Return-on-Tangible-Asset is -10.35% 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 China Resources Beer (Holdings) Co (FRA:CHK) Overvalued in 2026?
Based on GuruFocus' analysis, China Resources Beer (Holdings) Co stock appears to be undervalued.
The current stock price of €2.68 is trading 19% below its estimated GF Value™ of €3.31.
GuruFocus considers China Resources Beer (Holdings) Co to be Modestly Undervalued.
Key valuation signals for FRA:CHK:
Return-on-Tangible-Asset: -10.35%
GF Value™: €3.31 vs. price of €2.68 (19% below fair value)
No single metric tells the full story. See the FRA:CHK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food, and beverage industries. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company achieved its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR Beer acquired Heineken China in 2019, which allows CR Beer access to a premium international beer brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 26%, versus 15% of Tsingtao and 19% of Budweiser APAC, based on Euromonitor data.
90GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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