Coca-Cola CoFRA:CCC3 +1.28%81 ROA % is 15.11% as of Mar. 2026, which is 46% above its 10-year median of 10.36. GuruFocus rates FRA:CCC3 with a GF Score™ of 81/100 and a GF Value™ of €62.31 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, Coca-Cola Co ranks better than 86.21% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Coca-Cola Co's annualizedNet Income for the quarter that ended in Mar. 2026 was €13,577 Mil.
Coca-Cola Co's average Total Assets over the quarter that ended in Mar. 2026 was €89,830 Mil. Therefore, Coca-Cola Co's annualized ROA % for the quarter that ended in Mar. 2026 was 15.11%.
The historical rank and industry rank for Coca-Cola Co's ROA % or its related term are showing as below:
FRA:CCC3'
s ROA % Range Over the Past 10 Years
Min: 1.42 Med: 10.36 Max: 13.15
Current: 13.15
During the past 13 years, Coca-Cola Co's highest ROA % was 13.15%. The lowest was 1.42%. And the median was 10.36%.
FRA:CCC3's ROA % is ranked better than 86.21% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 5.595
vs FRA:CCC3: 13.15
Coca-Cola Co (FRA:CCC3) 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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Coca-Cola Co ROA % Related Terms
Coca-Cola Co ROA % Historical Data
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The historical data trend for Coca-Cola Co'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, Coca-Cola Co'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.
Coca-Cola Co ROA % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's ROA % distribution charts can be found below:
* The bar in red indicates where Coca-Cola Co'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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Coca-Cola Co (FRA:CCC3) has a ROA % of 15.11% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Coca-Cola Co and its competitors. This is 46% above median its historical median of 10.36. Over the past decade, Coca-Cola Co's ROA % has ranged from 1.42 to 13.15. According to the industry distribution chart, Coca-Cola Co ranks #16 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 13.8%.
Is Coca-Cola Co's ROA % too high?
Coca-Cola Co's current ROA % of 15.11% is 46% above median its 10-year median of 10.36. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 13.15. The Beverages - Non-Alcoholic industry median ROA % is 5.60. Coca-Cola Co's value of 15.11% is 170.1% above this industry median. Based on the distribution chart, Coca-Cola Co ranks #16 out of 116 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Coca-Cola Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola Co's ROA % compare to PEP and MNST?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola Co ranks #16 out of 116 companies for ROA %. This places Coca-Cola Co in the top 14% of its industry — outperforming the majority of peers. The industry median ROA % is 5.60. Coca-Cola Co's value of 15.11% is 170.1% above this benchmark. Historically, Coca-Cola Co's own ROA % has ranged from 1.42 to 13.15 over the past decade. While the company's 10-year median is 10.36 vs. the industry median of 5.60, Coca-Cola Co 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. Coca-Cola Co's current ROA % of 15.11% is 170.1% 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 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 Coca-Cola Co 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. Coca-Cola Co's current ROA % is 15.11%, which is 46% above median its own 10-year median of 10.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola Co stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola Co (FRA:CCC3) is currently considered Modestly Overvalued. The stock's GF Value™ is €62.31, compared to a current price of €71.44 — trading 14.7% above its estimated fair value. The current ROA % is 15.11%, which is 46% above median its 10-year median of 10.36 and 170.1% above the Beverages - Non-Alcoholic industry median of 5.60. Coca-Cola Co's overall GF Score™ is 81/100 with 5 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 Coca-Cola Co (FRA:CCC3), the current ROA % is 15.11% 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 Coca-Cola Co (FRA:CCC3) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola Co stock appears to be overvalued.
The current stock price of €71.44 is trading 14.7% above its estimated GF Value™ of €62.31.
GuruFocus considers Coca-Cola Co to be Modestly Overvalued.
Key valuation signals for FRA:CCC3:
ROA %: 15.11% (46% above median its 10-year median of 10.36)
GF Value™: €62.31 vs. price of €71.44 (14.7% above fair value)
Industry Position: 170.1% above the Beverages - Non-Alcoholic median (#16 of 116)
No single metric tells the full story. See the FRA:CCC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around 60% of its total revenue overseas, with sizable contributions from emerging economies in Latin America and Asia-Pacific.
81GF Score
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