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Brown-FormanMEX:BFB 65 Return-on-Tangible-Asset is 3.91% as of Apr. 2026, which is 79% below its 10-year median of 18.98. GuruFocus rates MEX:BFB with a GF Score™ of 65/100 and a GF Value™ of MXN691.18. The stock has 2 warning signs investors should review. Among 212 Beverages - Alcoholic companies, Brown-Forman ranks better than 87.74% 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. Brown-Forman's annualizedNet Income for the quarter that ended in Apr. 2026 was MXN3,783 Mil. Brown-Forman's average total tangible assets for the quarter that ended in Apr. 2026 was MXN96,802 Mil. Therefore, Brown-Forman's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 3.91%.
The historical rank and industry rank for Brown-Forman's Return-on-Tangible-Asset or its related term are showing as below:
MEX:BFB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 12.8 Med: 18.98 Max: 22.93
Current: 12.8
During the past 13 years, Brown-Forman's highest Return-on-Tangible-Asset was 22.93%. The lowest was 12.80%. And the median was 18.98%.
MEX:BFB's Return-on-Tangible-Asset is ranked better than 87.74% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 3.1
vs MEX:BFB: 12.80
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.
Brown-Forman Return-on-Tangible-Asset Related Terms
Brown-Forman Return-on-Tangible-Asset Historical Data
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The historical data trend for Brown-Forman'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.
MEX:BFB vs MGPI, SNDL, AGCC: Return-on-Tangible-Asset Comparison
For the Beverages - Wineries & Distilleries subindustry, Brown-Forman'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.
Brown-Forman Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Brown-Forman'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 3.91% mean?
Brown-Forman (MEX:BFB) has a Return-on-Tangible-Asset of 3.91% 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 Brown-Forman and its competitors. This is 79% below median its historical median of 18.98. Over the past decade, Brown-Forman's Return-on-Tangible-Asset has ranged from 12.80 to 22.93. According to the industry distribution chart, Brown-Forman ranks #26 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 12.3%.
Is Brown-Forman's Return-on-Tangible-Asset too high?
Brown-Forman's current Return-on-Tangible-Asset of 3.91% is 79% below median its 10-year median of 18.98. Over the past 10 years, this metric has ranged from a low of 12.80 to a high of 22.93. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.10. Brown-Forman's value of 3.91% is 26.1% above this industry median. Based on the distribution chart, Brown-Forman ranks #26 out of 212 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Brown-Forman has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Brown-Forman's Return-on-Tangible-Asset compare to MGPI and SNDL?
According to the Beverages - Alcoholic industry distribution chart, Brown-Forman ranks #26 out of 212 companies for Return-on-Tangible-Asset. This places Brown-Forman in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.10. Brown-Forman's value of 3.91% is 26.1% above this benchmark. Historically, Brown-Forman's own Return-on-Tangible-Asset has ranged from 12.80 to 22.93 over the past decade. While the company's 10-year median is 18.98 vs. the industry median of 3.10, Brown-Forman 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 3.10, based on 212 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. Brown-Forman's current Return-on-Tangible-Asset of 3.91% is 26.1% 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 Brown-Forman and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Asset is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brown-Forman's current Return-on-Tangible-Asset is 3.91%, which is 79% below median its own 10-year median of 18.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brown-Forman stock overvalued right now?
Brown-Forman (MEX:BFB) has a current Return-on-Tangible-Asset of 3.91%. The stock's GF Value™ is MXN691.18, compared to a current price of MXN455.44 — trading 34.1% below its estimated fair value. The current Return-on-Tangible-Asset is 3.91%, which is 79% below median its 10-year median of 18.98 and 26.1% above the Beverages - Alcoholic industry median of 3.10. Brown-Forman's overall GF Score™ is 65/100 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 Brown-Forman (MEX:BFB), the current Return-on-Tangible-Asset is 3.91% 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 Brown-Forman (MEX:BFB) Overvalued in 2026?
Based on GuruFocus' analysis, Brown-Forman stock appears to be undervalued.
The current stock price of MXN455.44 is trading 34.1% below its estimated GF Value™ of MXN691.18.
Key valuation signals for MEX:BFB:
Return-on-Tangible-Asset: 3.91% (79% below median its 10-year median of 18.98)
GF Value™: MXN691.18 vs. price of MXN455.44 (34.1% below fair value)
Industry Position: 26.1% above the Beverages - Alcoholic median (#26 of 212)
No single metric tells the full story. See the MEX:BFB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brown-Forman is a US-based manufacturer of premium distilled spirits. It generates over 70% of its revenue in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generated 44% of fiscal 2025 sales from the US, while the bulk of international revenue comes from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and 67% of the voting power in the company.
65GF Score
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