United BreweriesNSE:UBL -0.45%74 ROA % is 4.20% as of Mar. 2026, which is 30% below its 10-year median of 5.97. GuruFocus rates NSE:UBL with a GF Score™ of 74/100 and a GF Value™ of ₹2,162.20 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 214 Beverages - Alcoholic companies, United Breweries ranks better than 64.49% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. United Breweries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹4,071 Mil.
United Breweries's average Total Assets over the quarter that ended in Mar. 2026 was ₹96,926 Mil. Therefore, United Breweries's annualized ROA % for the quarter that ended in Mar. 2026 was 4.20%.
The historical rank and industry rank for United Breweries's ROA % or its related term are showing as below:
NSE:UBL'
s ROA % Range Over the Past 10 Years
Min: 1.99 Med: 5.97 Max: 11.14
Current: 4.75
During the past 13 years, United Breweries's highest ROA % was 11.14%. The lowest was 1.99%. And the median was 5.97%.
NSE:UBL's ROA % is ranked better than 64.49% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 2.86
vs NSE:UBL: 4.75
United Breweries (NSE:UBL) 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.
United Breweries ROA % Related Terms
United Breweries ROA % Historical Data
* Premium members only.
The historical data trend for United Breweries'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, United 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.
United Breweries ROA % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries's ROA % distribution charts can be found below:
* The bar in red indicates where United 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 four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
United Breweries (NSE:UBL) has a ROA % of 4.20% 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 United Breweries and its competitors. This is 30% below median its historical median of 5.97. Over the past decade, United Breweries' ROA % has ranged from 1.99 to 11.14. According to the industry distribution chart, United Breweries ranks #76 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 35.5%.
Is United Breweries' ROA % too high?
United Breweries' current ROA % of 4.20% is 30% below median its 10-year median of 5.97. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 11.14. The Beverages - Alcoholic industry median ROA % is 2.86. United Breweries' value of 4.20% is 46.9% above this industry median. Based on the distribution chart, United Breweries ranks #76 out of 214 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, United Breweries has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries' ROA % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, United Breweries ranks #76 out of 214 companies for ROA %. This puts United Breweries in the upper half of its industry. The industry median ROA % is 2.86. United Breweries' value of 4.20% is 46.9% above this benchmark. Historically, United Breweries' own ROA % has ranged from 1.99 to 11.14 over the past decade. While the company's 10-year median is 5.97 vs. the industry median of 2.86, United 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. United Breweries's current ROA % of 4.20% is 46.9% 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 United 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. United Breweries's current ROA % is 4.20%, which is 30% below median its own 10-year median of 5.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries stock overvalued right now?
Based on GuruFocus' analysis, United Breweries (NSE:UBL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,162.20, compared to a current price of ₹1,322.80 — trading 38.8% below its estimated fair value. The current ROA % is 4.20%, which is 30% below median its 10-year median of 5.97 and 46.9% above the Beverages - Alcoholic industry median of 2.86. United Breweries' overall GF Score™ is 74/100 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 United Breweries (NSE:UBL), the current ROA % is 4.20% 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 United Breweries (NSE:UBL) Overvalued in 2026?
Based on GuruFocus' analysis, United Breweries stock appears to be undervalued.
The current stock price of ₹1,322.80 is trading 38.8% below its estimated GF Value™ of ₹2,162.20.
GuruFocus considers United Breweries to be Significantly Undervalued.
Key valuation signals for NSE:UBL:
ROA %: 4.20% (30% below median its 10-year median of 5.97)
GF Value™: ₹2,162.20 vs. price of ₹1,322.80 (38.8% below fair value)
Industry Position: 46.9% above the Beverages - Alcoholic median (#76 of 214)
No single metric tells the full story. See the NSE:UBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaro, London Pilsner, and Heineken among others. Geographically, it derives key revenue from its business in India and the rest from other regions.
74GF Score
Get the complete analysis for NSE:UBL
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
NSE:UBL has been successfully added to your 
