Manitou BFMAOIF 91 ROA % is 3.56% as of Dec. 2025, which is 37% below its 10-year median of 5.69. GuruFocus rates MAOIF with a GF Score™ of 91/100 and a GF Value™ of $22.76 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 212 Farm & Heavy Construction Machinery companies, Manitou BF ranks worse than 54.25% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Manitou BF's annualizedNet Income for the quarter that ended in Dec. 2025 was $84 Mil.
Manitou BF's average Total Assets over the quarter that ended in Dec. 2025 was $2,354 Mil. Therefore, Manitou BF's annualized ROA % for the quarter that ended in Dec. 2025 was 3.56%.
The historical rank and industry rank for Manitou BF's ROA % or its related term are showing as below:
MAOIF'
s ROA % Range Over the Past 10 Years
Min: 2.98 Med: 5.69 Max: 7.3
Current: 3.34
During the past 13 years, Manitou BF's highest ROA % was 7.30%. The lowest was 2.98%. And the median was 5.69%.
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.
Manitou BF ROA % Related Terms
Manitou BF ROA % Historical Data
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The historical data trend for Manitou BF'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 Farm & Heavy Construction Machinery subindustry, Manitou BF'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.
Manitou BF ROA % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Manitou BF's ROA % distribution charts can be found below:
* The bar in red indicates where Manitou BF'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.
Manitou BF (MAOIF) has a ROA % of 3.56% 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 Manitou BF and its competitors. This is 37% below median its historical median of 5.69. Over the past decade, Manitou BF's ROA % has ranged from 2.98 to 7.30. According to the industry distribution chart, Manitou BF ranks #115 out of 212 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 54.2%.
Is Manitou BF's ROA % too high?
Manitou BF's current ROA % of 3.56% is 37% below median its 10-year median of 5.69. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 7.30. The Farm & Heavy Construction Machinery industry median ROA % is 3.80. Manitou BF's value of 3.56% is 6.3% below this industry median. Based on the distribution chart, Manitou BF ranks #115 out of 212 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Manitou BF has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manitou BF's ROA % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Manitou BF ranks #115 out of 212 companies for ROA %. This places Manitou BF in the lower half of its industry. The industry median ROA % is 3.80. Manitou BF's value of 3.56% is 6.3% below this benchmark. Historically, Manitou BF's own ROA % has ranged from 2.98 to 7.30 over the past decade. While the company's 10-year median is 5.69 vs. the industry median of 3.80, Manitou BF 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 Farm & Heavy Construction Machinery company?
The median ROA % among Farm & Heavy Construction Machinery companies is 3.80, based on 212 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. Manitou BF's current ROA % of 3.56% is 6.3% 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 Manitou BF and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROA % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manitou BF's current ROA % is 3.56%, which is 37% below median its own 10-year median of 5.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manitou BF stock overvalued right now?
Based on GuruFocus' analysis, Manitou BF (MAOIF) is currently considered Modestly Overvalued. The stock's GF Value™ is $22.76, compared to a current price of $25.50 — trading 12% above its estimated fair value. The current ROA % is 3.56%, which is 37% below median its 10-year median of 5.69 and 6.3% below the Farm & Heavy Construction Machinery industry median of 3.80. Manitou BF's overall GF Score™ is 91/100 with 6 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 Manitou BF (MAOIF), the current ROA % is 3.56% 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 Manitou BF (MAOIF) Overvalued in 2026?
Based on GuruFocus' analysis, Manitou BF stock appears to be overvalued.
The current stock price of $25.50 is trading 12% above its estimated GF Value™ of $22.76.
GuruFocus considers Manitou BF to be Modestly Overvalued.
Key valuation signals for MAOIF:
ROA %: 3.56% (37% below median its 10-year median of 5.69)
GF Value™: $22.76 vs. price of $25.50 (12% above fair value)
Industry Position: 6.3% below the Farm & Heavy Construction Machinery median (#115 of 212)
No single metric tells the full story. See the MAOIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manitou BF SA is an industrial equipment manufacturer based in France. It is one of the companies in developing all-terrain material handling equipment meant for construction, agricultural and industrial usage. Manitou's product mix is comprised of fixed, rotating and heavyweight all-terrain telescopic forklift-trucks, semi-industrial and industrial all-terrain masted forklift-trucks, compact loaders, aerial work platforms for personnel and warehousing equipment. These products are marketed through well-known brands such as Manitou, Gehl, and Mustang available with dealers throughout the world. Most of its revenue is derived from sales in countries of Northern Europe.
91GF Score
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