BellRing Brands (FRA:D51) Return-on-Tangible-Asset: 15.96% (As of Jun. 2026) — 20% Below 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.

FRA:D51 BellRing Brands Inc FRA:D51
68 GF Score
Price €10.78
GF Value €59.62
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is BellRing Brands Return-on-Tangible-Asset?

BellRing Brands FRA:D51 +4.66% 68 Return-on-Tangible-Asset is 15.96% as of Jun. 2026, which is 20% below its 10-year median of 20.02. GuruFocus rates FRA:D51 with a GF Score™ of 68/100 and a GF Value™ of €59.62 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,989 Consumer Packaged Goods companies, BellRing Brands ranks better than 95.73% 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. BellRing Brands's annualized Net Income for the quarter that ended in Jun. 2026 was €119 Mil. BellRing Brands's average total tangible assets for the quarter that ended in Jun. 2026 was €744 Mil. Therefore, BellRing Brands's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 15.96%.

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

FRA:D51' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.66   Med: 20.02   Max: 45.72
Current: 20.7

During the past 10 years, BellRing Brands's highest Return-on-Tangible-Asset was 45.72%. The lowest was 7.66%. And the median was 20.02%.

FRA:D51's Return-on-Tangible-Asset is ranked better than
95.73% of 1989 companies
in the Consumer Packaged Goods industry
Industry Median: 3.52 vs FRA:D51: 20.70

BellRing Brands  (FRA:D51) 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.


BellRing Brands Return-on-Tangible-Asset Related Terms


BellRing Brands Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for BellRing Brands'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.

BellRing Brands Return-on-Tangible-Asset Chart

BellRing Brands Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.66 21.08 35.94 44.98 30.55

BellRing Brands Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 10.52 30.51 21.55 15.90 15.96

FRA:D51 vs JJSF, NOMD, FLO: Return-on-Tangible-Asset Comparison

For the Packaged Foods subindustry, BellRing Brands'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.


BellRing Brands Return-on-Tangible-Asset vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, BellRing Brands's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where BellRing Brands's Return-on-Tangible-Asset falls into.


FRA:D51
68GF Score
BellRing Brands Inc FRA:D51
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BellRing Brands Return-on-Tangible-Asset Calculation

BellRing Brands's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=184.202/( (566.999+639.085)/ 2 )
=184.202/603.042
=30.55 %

BellRing Brands's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=118.744/( (729.195+758.632)/ 2 )
=118.744/743.9135
=15.96 %

* 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 (Jun. 2026) net income data.

What does a Return-on-Tangible-Asset of 15.96% mean?
BellRing Brands (FRA:D51) has a Return-on-Tangible-Asset of 15.96% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BellRing Brands and its competitors. This is 20% below median its historical median of 20.02. Over the past decade, BellRing Brands' Return-on-Tangible-Asset has ranged from 7.66 to 45.72. According to the industry distribution chart, BellRing Brands ranks #85 out of 1989 companies in the Consumer Packaged Goods industry, placing it in the top 4.3%.
Is BellRing Brands' Return-on-Tangible-Asset too high?
BellRing Brands' current Return-on-Tangible-Asset of 15.96% is 20% below median its 10-year median of 20.02. Over the past 10 years, this metric has ranged from a low of 7.66 to a high of 45.72. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.52. BellRing Brands' value of 15.96% is 353.4% above this industry median. Based on the distribution chart, BellRing Brands ranks #85 out of 1989 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, BellRing Brands has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BellRing Brands' Return-on-Tangible-Asset compare to JJSF and NOMD?
According to the Consumer Packaged Goods industry distribution chart, BellRing Brands ranks #85 out of 1989 companies for Return-on-Tangible-Asset. This places BellRing Brands in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.52. BellRing Brands' value of 15.96% is 353.4% above this benchmark. Historically, BellRing Brands' own Return-on-Tangible-Asset has ranged from 7.66 to 45.72 over the past decade. While the company's 10-year median is 20.02 vs. the industry median of 3.52, BellRing Brands 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.52, based on 1,989 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. BellRing Brands's current Return-on-Tangible-Asset of 15.96% is 353.4% 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 BellRing Brands and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BellRing Brands's current Return-on-Tangible-Asset is 15.96%, which is 20% below median its own 10-year median of 20.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BellRing Brands stock overvalued right now?
Based on GuruFocus' analysis, BellRing Brands (FRA:D51) is currently considered Significantly Undervalued. The stock's GF Value™ is €59.62, compared to a current price of €10.78 — trading 81.9% below its estimated fair value. The current Return-on-Tangible-Asset is 15.96%, which is 20% below median its 10-year median of 20.02 and 353.4% above the Consumer Packaged Goods industry median of 3.52. BellRing Brands' overall GF Score™ is 68/100 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 BellRing Brands (FRA:D51), the current Return-on-Tangible-Asset is 15.96% as of Jun. 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 BellRing Brands (FRA:D51) Overvalued in 2026?

Based on GuruFocus' analysis, BellRing Brands stock appears to be undervalued. The current stock price of €10.78 is trading 81.9% below its estimated GF Value™ of €59.62. GuruFocus considers BellRing Brands to be Significantly Undervalued.

Key valuation signals for FRA:D51:

  • Return-on-Tangible-Asset: 15.96% (20% below median its 10-year median of 20.02)
  • GF Value™: €59.62 vs. price of €10.78 (81.9% below fair value)
  • GF Score™: 68/100 with 1 warning sign
  • Industry Position: 353.4% above the Consumer Packaged Goods median (#85 of 1989)

No single metric tells the full story. See the FRA:D51 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BellRing Brands Business Description

Address 2503 South Hanley Road, St. Louis, MO, USA, 63144
BellRing Brands Inc is a United States-based company engaged in providing nutrition-related products. Its brands, Premier Protein, Dymatize, and PowerBar provides various products including ready-to-drink protein shakes, powders and nutrition bars. The company's products are distributed through a diverse network of channel including club, food, drug and mass, eCommerce, convenience and specialty.
68GF Score

Get the complete analysis for FRA:D51

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

€10.78
Price
€59.62
GF Value