Heineken NVMEX:HEIAN 85 ROA % is 4.27% as of Dec. 2025, which is 4% below its 10-year median of 4.44. GuruFocus rates MEX:HEIAN with a GF Score™ of 85/100 and a GF Value™ of MXN1,820.25. The stock has 5 warning signs investors should review. Among 214 Beverages - Alcoholic companies, Heineken NV ranks better than 56.07% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Heineken NV's annualizedNet Income for the quarter that ended in Dec. 2025 was MXN48,114 Mil.
Heineken NV's average Total Assets over the quarter that ended in Dec. 2025 was MXN1,127,347 Mil. Therefore, Heineken NV's annualized ROA % for the quarter that ended in Dec. 2025 was 4.27%.
The historical rank and industry rank for Heineken NV's ROA % or its related term are showing as below:
MEX:HEIAN'
s ROA % Range Over the Past 10 Years
Min: -0.46 Med: 4.44 Max: 7.27
Current: 3.55
During the past 13 years, Heineken NV's highest ROA % was 7.27%. The lowest was -0.46%. And the median was 4.44%.
MEX:HEIAN's ROA % is ranked better than 56.07% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 2.94
vs MEX:HEIAN: 3.55
Heineken NV (MEX:HEIAN) 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 NV ROA % Related Terms
Heineken NV ROA % Historical Data
* Premium members only.
The historical data trend for Heineken 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 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 NV ROA % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken NV's ROA % distribution charts can be found below:
* The bar in red indicates where Heineken 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 NV (MEX:HEIAN) has a ROA % of 4.27% 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 NV and its competitors. This is near median its historical median of 4.44. According to the industry distribution chart, Heineken NV ranks #94 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 43.9%.
Is Heineken NV's ROA % too high?
Heineken NV's current ROA % of 4.27% is near median its 10-year median of 4.44. The Beverages - Alcoholic industry median ROA % is 2.94. Heineken NV's value of 4.27% is 45.2% above this industry median. Based on the distribution chart, Heineken NV ranks #94 out of 214 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Heineken NV has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Heineken NV's ROA % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Heineken NV ranks #94 out of 214 companies for ROA %. This puts Heineken NV in the upper half of its industry. The industry median ROA % is 2.94. Heineken NV's value of 4.27% is 45.2% above this benchmark. While the company's 10-year median is 4.44 vs. the industry median of 2.94, Heineken NV 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 - Alcoholic company?
The median ROA % among Beverages - Alcoholic companies is 2.94, 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 NV's current ROA % of 4.27% is 45.2% 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 Heineken NV and its competitors. For the Beverages - Alcoholic industry, the median ROA % is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken NV's current ROA % is 4.27%, which is near median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken NV stock overvalued right now?
Heineken NV (MEX:HEIAN) has a current ROA % of 4.27%. The stock's GF Value™ is MXN1,820.25, compared to a current price of MXN1,667.89 — trading 8.4% below its estimated fair value. The current ROA % is 4.27%, which is near median its 10-year median of 4.44 and 45.2% above the Beverages - Alcoholic industry median of 2.94. Heineken NV's overall GF Score™ is 85/100 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 Heineken NV (MEX:HEIAN), the current ROA % is 4.27% 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 NV (MEX:HEIAN) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken NV stock appears to be undervalued.
The current stock price of MXN1,667.89 is trading 8.4% below its estimated GF Value™ of MXN1,820.25.
Key valuation signals for MEX:HEIAN:
ROA %: 4.27% (near median its 10-year median of 4.44)
GF Value™: MXN1,820.25 vs. price of MXN1,667.89 (8.4% below fair value)
Industry Position: 45.2% above the Beverages - Alcoholic median (#94 of 214)
No single metric tells the full story. See the MEX:HEIAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer. Its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.
85GF Score
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