Heineken Holding NVLTS:0NBD +0.37%81 ROA % is 2.18% as of Dec. 2025, which is 4% below its 10-year median of 2.26. GuruFocus rates LTS:0NBD with a GF Score™ of 81/100 and a GF Value™ of €70.75 (Fairly Valued). The stock has 7 warning signs investors should review. Among 214 Beverages - Alcoholic companies, Heineken Holding NV ranks worse than 57.48% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Heineken Holding NV's annualizedNet Income for the quarter that ended in Dec. 2025 was €1,144 Mil.
Heineken Holding NV's average Total Assets over the quarter that ended in Dec. 2025 was €52,397 Mil. Therefore, Heineken Holding NV's annualized ROA % for the quarter that ended in Dec. 2025 was 2.18%.
The historical rank and industry rank for Heineken Holding NV's ROA % or its related term are showing as below:
LTS:0NBD'
s ROA % Range Over the Past 10 Years
Min: -0.23 Med: 2.26 Max: 3.64
Current: 1.8
During the past 13 years, Heineken Holding NV's highest ROA % was 3.64%. The lowest was -0.23%. And the median was 2.26%.
LTS:0NBD's ROA % is ranked worse than 57.48% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 2.86
vs LTS:0NBD: 1.80
Heineken Holding NV (LTS:0NBD) 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 two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Heineken Holding NV ROA % Related Terms
Heineken Holding NV ROA % Historical Data
* Premium members only.
The historical data trend for Heineken Holding NV'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 - Brewers subindustry, Heineken Holding NV'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.
Heineken Holding NV ROA % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken Holding NV's ROA % distribution charts can be found below:
* The bar in red indicates where Heineken Holding NV'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 two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Heineken Holding NV (LTS:0NBD) has a ROA % of 2.18% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Heineken Holding NV and its competitors. This is near median its historical median of 2.26. According to the industry distribution chart, Heineken Holding NV ranks #123 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 57.5%.
Is Heineken Holding NV's ROA % too high?
Heineken Holding NV's current ROA % of 2.18% is near median its 10-year median of 2.26. The Beverages - Alcoholic industry median ROA % is 2.86. Heineken Holding NV's value of 2.18% is 23.8% below this industry median. Based on the distribution chart, Heineken Holding NV ranks #123 out of 214 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Heineken Holding NV has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heineken Holding NV's ROA % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Heineken Holding NV ranks #123 out of 214 companies for ROA %. This places Heineken Holding NV in the lower half of its industry. The industry median ROA % is 2.86. Heineken Holding NV's value of 2.18% is 23.8% below this benchmark. While the company's 10-year median is 2.26 vs. the industry median of 2.86, Heineken Holding NV has consistently been below 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 - Alcoholic company?
The median ROA % among Beverages - Alcoholic companies is 2.86, based on 214 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. Heineken Holding NV's current ROA % of 2.18% is 23.8% below 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 Heineken Holding NV and its competitors. For the Beverages - Alcoholic industry, the median ROA % is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken Holding NV's current ROA % is 2.18%, which is near median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Heineken Holding NV (LTS:0NBD) is currently considered Fairly Valued. The stock's GF Value™ is €70.75, compared to a current price of €66.93 — trading 5.4% below its estimated fair value. The current ROA % is 2.18%, which is near median its 10-year median of 2.26 and 23.8% below the Beverages - Alcoholic industry median of 2.86. Heineken Holding NV's overall GF Score™ is 81/100 with 7 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 Heineken Holding NV (LTS:0NBD), the current ROA % is 2.18% as of Dec. 2025. 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 Heineken Holding NV (LTS:0NBD) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken Holding NV stock appears to be undervalued.
The current stock price of €66.93 is trading 5.4% below its estimated GF Value™ of €70.75.
GuruFocus considers Heineken Holding NV to be Fairly Valued.
Key valuation signals for LTS:0NBD:
ROA %: 2.18% (near median its 10-year median of 2.26)
GF Value™: €70.75 vs. price of €66.93 (5.4% below fair value)
Industry Position: 23.8% below the Beverages - Alcoholic median (#123 of 214)
No single metric tells the full story. See the LTS:0NBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken Holding NV, through its subsidiary, is involved in the brewing and selling of beer and cider. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. The company has five reportable segments: Europe, Americas, Africa & Middle East, Asia Pacific and Heineken N.V. Head Office & Other/Eliminations. The majority of the revenue is generated from the Europe segment.
81GF Score
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