East African BreweriesNAI:EABL +0.19%86 ROA % is 16.44% as of Dec. 2025, which is 101% above its 10-year median of 8.18. GuruFocus rates NAI:EABL with a GF Score™ of 86/100 and a GF Value™ of KES319.69 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 214 Beverages - Alcoholic companies, East African Breweries ranks better than 82.71% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. East African Breweries's annualizedNet Income for the quarter that ended in Dec. 2025 was KES22,324 Mil.
East African Breweries's average Total Assets over the quarter that ended in Dec. 2025 was KES135,824 Mil. Therefore, East African Breweries's annualized ROA % for the quarter that ended in Dec. 2025 was 16.44%.
The historical rank and industry rank for East African Breweries's ROA % or its related term are showing as below:
NAI:EABL'
s ROA % Range Over the Past 10 Years
Min: 4.61 Med: 8.18 Max: 14.75
Current: 9.18
During the past 13 years, East African Breweries's highest ROA % was 14.75%. The lowest was 4.61%. And the median was 8.18%.
NAI:EABL's ROA % is ranked better than 82.71% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 2.86
vs NAI:EABL: 9.18
East African Breweries (NAI:EABL) 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.
* 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, East African Breweries'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.
East African Breweries ROA % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, East African Breweries's ROA % distribution charts can be found below:
* The bar in red indicates where East African Breweries'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.
East African Breweries (NAI:EABL) has a ROA % of 16.44% 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 East African Breweries and its competitors. This is 101% above median its historical median of 8.18. Over the past decade, East African Breweries' ROA % has ranged from 4.61 to 14.75. According to the industry distribution chart, East African Breweries ranks #37 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 17.3%.
Is East African Breweries' ROA % too high?
East African Breweries' current ROA % of 16.44% is 101% above median its 10-year median of 8.18. Over the past 10 years, this metric has ranged from a low of 4.61 to a high of 14.75. The Beverages - Alcoholic industry median ROA % is 2.86. East African Breweries' value of 16.44% is 474.8% above this industry median. Based on the distribution chart, East African Breweries ranks #37 out of 214 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, East African Breweries has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does East African Breweries' ROA % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, East African Breweries ranks #37 out of 214 companies for ROA %. This places East African Breweries in the top 17% of its industry — outperforming the majority of peers. The industry median ROA % is 2.86. East African Breweries' value of 16.44% is 474.8% above this benchmark. Historically, East African Breweries' own ROA % has ranged from 4.61 to 14.75 over the past decade. While the company's 10-year median is 8.18 vs. the industry median of 2.86, East African Breweries 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 2.86, 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. East African Breweries's current ROA % of 16.44% is 474.8% 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 East African Breweries 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. East African Breweries's current ROA % is 16.44%, which is 101% above median its own 10-year median of 8.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East African Breweries stock overvalued right now?
Based on GuruFocus' analysis, East African Breweries (NAI:EABL) is currently considered Modestly Undervalued. The stock's GF Value™ is KES319.69, compared to a current price of KES270.50 — trading 15.4% below its estimated fair value. The current ROA % is 16.44%, which is 101% above median its 10-year median of 8.18 and 474.8% above the Beverages - Alcoholic industry median of 2.86. East African Breweries' overall GF Score™ is 86/100 with 4 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 East African Breweries (NAI:EABL), the current ROA % is 16.44% 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 East African Breweries (NAI:EABL) Overvalued in 2026?
Based on GuruFocus' analysis, East African Breweries stock appears to be undervalued.
The current stock price of KES270.50 is trading 15.4% below its estimated GF Value™ of KES319.69.
GuruFocus considers East African Breweries to be Modestly Undervalued.
Key valuation signals for NAI:EABL:
ROA %: 16.44% (101% above median its 10-year median of 8.18)
GF Value™: KES319.69 vs. price of KES270.50 (15.4% below fair value)
Industry Position: 474.8% above the Beverages - Alcoholic median (#37 of 214)
No single metric tells the full story. See the NAI:EABL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
East African Breweries PLC is a branded alcohol beverage company. The firm and its subsidiaries are involved in the marketing, production, and distribution of a collection of brands that range from beer, spirits, and adult non-alcoholic drinks. The company has invested in breweries, distilleries, support industries, and a distribution network across the region. The firm derives its revenue mainly from brewing, marketing, and selling of drinks, malt, and barley. Its geographical segments include Kenya, Uganda, and Tanzania, of which the majority of the revenue is generated from Kenya.
86GF Score
Get the complete analysis for NAI:EABL
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NAI:EABL has been successfully added to your 
