National BeverageFRA:20V -1.38%78 ROA % is 21.29% as of Jan. 2026, which is 24% below its 10-year median of 28.08. GuruFocus rates FRA:20V with a GF Score™ of 78/100 and a GF Value™ of €40.08. The stock has 2 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, National Beverage ranks better than 98.28% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. National Beverage's annualizedNet Income for the quarter that ended in Jan. 2026 was €140 Mil.
National Beverage's average Total Assets over the quarter that ended in Jan. 2026 was €659 Mil. Therefore, National Beverage's annualized ROA % for the quarter that ended in Jan. 2026 was 21.29%.
The historical rank and industry rank for National Beverage's ROA % or its related term are showing as below:
FRA:20V'
s ROA % Range Over the Past 10 Years
Min: 22.12 Med: 28.08 Max: 36.85
Current: 26.52
During the past 13 years, National Beverage's highest ROA % was 36.85%. The lowest was 22.12%. And the median was 28.08%.
FRA:20V's ROA % is ranked better than 98.28% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 5.595
vs FRA:20V: 26.52
National Beverage (FRA:20V) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Jan. 2026) net income data. The Revenue data used here is four times the quarterly (Jan. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
National Beverage ROA % Related Terms
National Beverage ROA % Historical Data
* Premium members only.
The historical data trend for National Beverage's ROA % 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.
For the Beverages - Non-Alcoholic subindustry, National Beverage's ROA %, along with its competitors' market caps and ROA % 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.
National Beverage ROA % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, National Beverage's ROA % distribution charts can be found below:
* The bar in red indicates where National Beverage's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jan. 2026) net income data.
ROA % is displayed in the 30-year financial page.
National Beverage (FRA:20V) has a ROA % of 21.29% as of Jan. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on National Beverage and its competitors. This is 24% below median its historical median of 28.08. Over the past decade, National Beverage's ROA % has ranged from 22.12 to 36.85. According to the industry distribution chart, National Beverage ranks #2 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 1.7%.
Is National Beverage's ROA % too high?
National Beverage's current ROA % of 21.29% is 24% below median its 10-year median of 28.08. Over the past 10 years, this metric has ranged from a low of 22.12 to a high of 36.85. The Beverages - Non-Alcoholic industry median ROA % is 5.60. National Beverage's value of 21.29% is 280.5% above this industry median. Based on the distribution chart, National Beverage ranks #2 out of 116 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, National Beverage has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does National Beverage's ROA % compare to COCO and SUJA?
According to the Beverages - Non-Alcoholic industry distribution chart, National Beverage ranks #2 out of 116 companies for ROA %. This places National Beverage in the top 2% of its industry — outperforming the majority of peers. The industry median ROA % is 5.60. National Beverage's value of 21.29% is 280.5% above this benchmark. Historically, National Beverage's own ROA % has ranged from 22.12 to 36.85 over the past decade. While the company's 10-year median is 28.08 vs. the industry median of 5.60, National Beverage 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 ROA % for a Beverages - Non-Alcoholic company?
The median ROA % among Beverages - Non-Alcoholic companies is 5.60, based on 116 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Beverage's current ROA % of 21.29% is 280.5% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on National Beverage and its competitors. For the Beverages - Non-Alcoholic industry, the median ROA % is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Beverage's current ROA % is 21.29%, which is 24% below median its own 10-year median of 28.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Beverage stock overvalued right now?
National Beverage (FRA:20V) has a current ROA % of 21.29%. The stock's GF Value™ is €40.08, compared to a current price of €28.60 — trading 28.6% below its estimated fair value. The current ROA % is 21.29%, which is 24% below median its 10-year median of 28.08 and 280.5% above the Beverages - Non-Alcoholic industry median of 5.60. National Beverage's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For National Beverage (FRA:20V), the current ROA % is 21.29% as of Jan. 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 National Beverage (FRA:20V) Overvalued in 2026?
Based on GuruFocus' analysis, National Beverage stock appears to be undervalued.
The current stock price of €28.60 is trading 28.6% below its estimated GF Value™ of €40.08.
Key valuation signals for FRA:20V:
ROA %: 21.29% (24% below median its 10-year median of 28.08)
GF Value™: €40.08 vs. price of €28.60 (28.6% below fair value)
Industry Position: 280.5% above the Beverages - Non-Alcoholic median (#2 of 116)
No single metric tells the full story. See the FRA:20V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants).
78GF Score
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