PARK & Bellheimer AGFRA:PKB +8.00%68 Return-on-Tangible-Asset is 3.80% as of Dec. 2025, which is 104% above its 10-year median of 1.86. GuruFocus rates FRA:PKB with a GF Score™ of 68/100 and a GF Value™ of €2.39 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 213 Beverages - Alcoholic companies, PARK & Bellheimer AG ranks better than 60.09% 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. PARK & Bellheimer AG's annualizedNet Income for the quarter that ended in Dec. 2025 was €1.42 Mil. PARK & Bellheimer AG's average total tangible assets for the quarter that ended in Dec. 2025 was €37.36 Mil. Therefore, PARK & Bellheimer AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.80%.
The historical rank and industry rank for PARK & Bellheimer AG's Return-on-Tangible-Asset or its related term are showing as below:
FRA:PKB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.09 Med: 1.86 Max: 6.11
Current: 4.97
During the past 13 years, PARK & Bellheimer AG's highest Return-on-Tangible-Asset was 6.11%. The lowest was -2.09%. And the median was 1.86%.
FRA:PKB's Return-on-Tangible-Asset is ranked better than 60.09% of 213
companies
in the Beverages - Alcoholic industry
Industry Median: 3.09
vs FRA:PKB: 4.97
PARK & Bellheimer AG (FRA:PKB) 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.
PARK & Bellheimer AG Return-on-Tangible-Asset Related Terms
PARK & Bellheimer AG Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PARK & Bellheimer 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.
PARK & Bellheimer AG Return-on-Tangible-Asset Chart
FRA:PKB vs BUD, STZ, TAP: Return-on-Tangible-Asset Comparison
For the Beverages - Brewers subindustry, PARK & Bellheimer 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.
PARK & Bellheimer AG Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, PARK & Bellheimer AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PARK & Bellheimer 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 3.80% mean?
PARK & Bellheimer AG (FRA:PKB) has a Return-on-Tangible-Asset of 3.80% 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 PARK & Bellheimer AG and its competitors. This is 104% above median its historical median of 1.86. According to the industry distribution chart, PARK & Bellheimer AG ranks #85 out of 213 companies in the Beverages - Alcoholic industry, placing it in the top 39.9%.
Is PARK & Bellheimer AG's Return-on-Tangible-Asset too high?
PARK & Bellheimer AG's current Return-on-Tangible-Asset of 3.80% is 104% above median its 10-year median of 1.86. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.09. PARK & Bellheimer AG's value of 3.80% is 23% above this industry median. Based on the distribution chart, PARK & Bellheimer AG ranks #85 out of 213 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, PARK & Bellheimer AG has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PARK & Bellheimer AG's Return-on-Tangible-Asset compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, PARK & Bellheimer AG ranks #85 out of 213 companies for Return-on-Tangible-Asset. This puts PARK & Bellheimer AG in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.09. PARK & Bellheimer AG's value of 3.80% is 23% above this benchmark. While the company's 10-year median is 1.86 vs. the industry median of 3.09, PARK & Bellheimer 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 - 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. PARK & Bellheimer AG's current Return-on-Tangible-Asset of 3.80% is 23% 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 PARK & Bellheimer AG 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. PARK & Bellheimer AG's current Return-on-Tangible-Asset is 3.80%, which is 104% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PARK & Bellheimer AG stock overvalued right now?
Based on GuruFocus' analysis, PARK & Bellheimer AG (FRA:PKB) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.39, compared to a current price of €2.70 — trading 13% above its estimated fair value. The current Return-on-Tangible-Asset is 3.80%, which is 104% above median its 10-year median of 1.86 and 23% above the Beverages - Alcoholic industry median of 3.09. PARK & Bellheimer AG's overall GF Score™ is 68/100 with 2 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 PARK & Bellheimer AG (FRA:PKB), the current Return-on-Tangible-Asset is 3.80% 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 PARK & Bellheimer AG (FRA:PKB) Overvalued in 2026?
Based on GuruFocus' analysis, PARK & Bellheimer AG stock appears to be overvalued.
The current stock price of €2.70 is trading 13% above its estimated GF Value™ of €2.39.
GuruFocus considers PARK & Bellheimer AG to be Modestly Overvalued.
Key valuation signals for FRA:PKB:
Return-on-Tangible-Asset: 3.80% (104% above median its 10-year median of 1.86)
GF Value™: €2.39 vs. price of €2.70 (13% above fair value)
Industry Position: 23% above the Beverages - Alcoholic median (#85 of 213)
No single metric tells the full story. See the FRA:PKB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PARK & Bellheimer AG is engaged in the production and distribution of bottom-fermented and top-fermented beer and beer-based mixed beverages, as well as non-alcoholic beverages. Its products are marketed under brands such as Park, Bellheimer, Valentine's Weissbier, Rheingonheimer, and Bellaris. In addition, the company manages the land and buildings it owns. Geographically, the company generates maximum revenue from its domestic market, and also exports its products to other regions.
68GF Score
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