Boston Beer CoMEX:SAM 73 Return-on-Tangible-Asset is -55.10% as of Mar. 2026. GuruFocus rates MEX:SAM with a GF Score™ of 73/100 and a GF Value™ of MXN5,503.45 (Significantly Undervalued). Among 214 Beverages - Alcoholic companies, Boston Beer Co ranks worse than 82.24% 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. Boston Beer Co's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN-10,478 Mil. Boston Beer Co's average total tangible assets for the quarter that ended in Mar. 2026 was MXN19,015 Mil. Therefore, Boston Beer Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -55.10%.
The historical rank and industry rank for Boston Beer Co's Return-on-Tangible-Asset or its related term are showing as below:
MEX:SAM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.58 Med: 11.93 Max: 19.2
Current: -5.58
During the past 13 years, Boston Beer Co's highest Return-on-Tangible-Asset was 19.20%. The lowest was -5.58%. And the median was 11.93%.
MEX:SAM's Return-on-Tangible-Asset is ranked worse than 82.24% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 3.085
vs MEX:SAM: -5.58
Boston Beer Co (MEX:SAM) 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.
Boston Beer Co Return-on-Tangible-Asset Related Terms
Boston Beer Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Boston Beer Co'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:SAM vs TAP, BUD, STZ: Return-on-Tangible-Asset Comparison
For the Beverages - Brewers subindustry, Boston Beer 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.
Boston Beer Co Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Boston Beer 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -55.10% mean?
Boston Beer Co (MEX:SAM) has a Return-on-Tangible-Asset of -55.10% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Boston Beer Co and its competitors. According to the industry distribution chart, Boston Beer Co ranks #176 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 82.2%.
Is Boston Beer Co's Return-on-Tangible-Asset too high?
Boston Beer Co's current Return-on-Tangible-Asset is -55.10%. Based on the distribution chart, Boston Beer Co ranks #176 out of 214 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Boston Beer Co has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boston Beer Co's Return-on-Tangible-Asset compare to TAP and BUD?
According to the Beverages - Alcoholic industry distribution chart, Boston Beer Co ranks #176 out of 214 companies for Return-on-Tangible-Asset. This places Boston Beer Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.09. 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 214 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 Boston Beer Co 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. Boston Beer Co's current Return-on-Tangible-Asset is -55.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boston Beer Co stock overvalued right now?
Based on GuruFocus' analysis, Boston Beer Co (MEX:SAM) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN5,503.45, compared to a current price of MXN3,295.00 — trading 40.1% below its estimated fair value. The current Return-on-Tangible-Asset is -55.10%. Boston Beer Co's overall GF Score™ is 73/100. 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 Boston Beer Co (MEX:SAM), the current Return-on-Tangible-Asset is -55.10% as of Mar. 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 Boston Beer Co (MEX:SAM) Overvalued in 2026?
Based on GuruFocus' analysis, Boston Beer Co stock appears to be undervalued.
The current stock price of MXN3,295.00 is trading 40.1% below its estimated GF Value™ of MXN5,503.45.
GuruFocus considers Boston Beer Co to be Significantly Undervalued.
Key valuation signals for MEX:SAM:
Return-on-Tangible-Asset: -55.10%
GF Value™: MXN5,503.45 vs. price of MXN3,295.00 (40.1% below fair value)
No single metric tells the full story. See the MEX:SAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boston Beer is a top player in high-end malt beverages and adjacent categories in the US, with strong positions in craft beer, flavored malt beverages, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets, including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates almost all sales in the US.
73GF Score
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