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Happy Belly Food GroupHBFGF -0.18%56 Return-on-Tangible-Equity is -644.50% as of Mar. 2026. GuruFocus rates HBFGF with a GF Score™ of 56/100 and a GF Value™ of $1.34 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,880 Consumer Packaged Goods companies, Happy Belly Food Group ranks worse than 99.63% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Happy Belly Food Group's annualized net income for the quarter that ended in Mar. 2026 was $-13.88 Mil. Happy Belly Food Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $2.15 Mil. Therefore, Happy Belly Food Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -644.50%.
The historical rank and industry rank for Happy Belly Food Group's Return-on-Tangible-Equity or its related term are showing as below:
HBFGF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1336.46 Med: -623.41 Max: -124.1
Current: -728.82
During the past 10 years, Happy Belly Food Group's highest Return-on-Tangible-Equity was -124.10%. The lowest was -1,336.46%. And the median was -623.41%.
HBFGF's Return-on-Tangible-Equity is ranked worse than 99.63% of 1880
companies
in the Consumer Packaged Goods industry
Industry Median: 7.86
vs HBFGF: -728.82
Happy Belly Food Group (OTCPK:HBFGF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Happy Belly Food Group Return-on-Tangible-Equity Related Terms
Happy Belly Food Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Happy Belly Food Group's Return-on-Tangible-Equity 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.
Happy Belly Food Group Return-on-Tangible-Equity Chart
HBFGF vs KHC, GIS: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, Happy Belly Food Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Happy Belly Food Group Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Happy Belly Food Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Happy Belly Food Group's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -644.50% mean?
Happy Belly Food Group (HBFGF) has a Return-on-Tangible-Equity of -644.50% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Happy Belly Food Group and its competitors. According to the industry distribution chart, Happy Belly Food Group ranks #1873 out of 1880 companies in the Consumer Packaged Goods industry, placing it in the top 99.6%.
Is Happy Belly Food Group's Return-on-Tangible-Equity too high?
Happy Belly Food Group's current Return-on-Tangible-Equity is -644.50%. Based on the distribution chart, Happy Belly Food Group ranks #1873 out of 1880 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Happy Belly Food Group has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Happy Belly Food Group's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Happy Belly Food Group ranks #1873 out of 1880 companies for Return-on-Tangible-Equity. This places Happy Belly Food Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.86. 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-Equity for a Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.86, based on 1,880 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Happy Belly Food Group and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Belly Food Group's current Return-on-Tangible-Equity is -644.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Belly Food Group stock overvalued right now?
Based on GuruFocus' analysis, Happy Belly Food Group (HBFGF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.34, compared to a current price of $1.12 — trading 16.4% below its estimated fair value. The current Return-on-Tangible-Equity is -644.50%. Happy Belly Food Group's overall GF Score™ is 56/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Happy Belly Food Group (HBFGF), the current Return-on-Tangible-Equity is -644.50% 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 Happy Belly Food Group (HBFGF) Overvalued in 2026?
Based on GuruFocus' analysis, Happy Belly Food Group stock appears to be undervalued.
The current stock price of $1.12 is trading 16.4% below its estimated GF Value™ of $1.34.
GuruFocus considers Happy Belly Food Group to be Modestly Undervalued.
Key valuation signals for HBFGF:
Return-on-Tangible-Equity: -644.50%
GF Value™: $1.34 vs. price of $1.12 (16.4% below fair value)
No single metric tells the full story. See the HBFGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Happy Belly Food Group Inc operates and franchises Quick Service Restaurants (QSR) throughout Canada as well as sells its Consumer Product Goods (CPG) through wholesale and retail channels. It specializes in the growth of consumer food brands. It offers a diverse range of smoothie bowls and smoothies. The smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds. Its brands include HEAL, Rosie's, Yolks, SmileTiger, Joey Turks, Salus, among others. The company's operating segments are: Quick Service Restaurants (inclusive of franchised restaurants); Consumer Product Goods; and Corporate.
56GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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