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Kweichow Moutai CoSHSE:600519 -1.00%99 ROA % is 34.94% as of Mar. 2026, which is 46% above its 10-year median of 23.95. GuruFocus rates SHSE:600519 with a GF Score™ of 99/100 and a GF Value™ of ¥1,594.27 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Kweichow Moutai Co ranks better than 97.63% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Kweichow Moutai Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥108,970 Mil.
Kweichow Moutai Co's average Total Assets over the quarter that ended in Mar. 2026 was ¥311,877 Mil. Therefore, Kweichow Moutai Co's annualized ROA % for the quarter that ended in Mar. 2026 was 34.94%.
The historical rank and industry rank for Kweichow Moutai Co's ROA % or its related term are showing as below:
SHSE:600519'
s ROA % Range Over the Past 10 Years
Min: 16.78 Med: 23.95 Max: 30.17
Current: 26.98
During the past 13 years, Kweichow Moutai Co's highest ROA % was 30.17%. The lowest was 16.78%. And the median was 23.95%.
SHSE:600519's ROA % is ranked better than 97.63% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 2.99
vs SHSE:600519: 26.98
Kweichow Moutai Co (SHSE:600519) 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.
Kweichow Moutai Co ROA % Related Terms
Kweichow Moutai Co ROA % Historical Data
* Premium members only.
The historical data trend for Kweichow Moutai Co'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 - Wineries & Distilleries subindustry, Kweichow Moutai Co'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.
Kweichow Moutai Co ROA % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Kweichow Moutai Co's ROA % distribution charts can be found below:
* The bar in red indicates where Kweichow Moutai Co'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.
Kweichow Moutai Co (SHSE:600519) has a ROA % of 34.94% 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 Kweichow Moutai Co and its competitors. This is 46% above median its historical median of 23.95. Over the past decade, Kweichow Moutai Co's ROA % has ranged from 16.78 to 30.17. According to the industry distribution chart, Kweichow Moutai Co ranks #5 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 2.4%.
Is Kweichow Moutai Co's ROA % too high?
Kweichow Moutai Co's current ROA % of 34.94% is 46% above median its 10-year median of 23.95. Over the past 10 years, this metric has ranged from a low of 16.78 to a high of 30.17. The Beverages - Alcoholic industry median ROA % is 2.99. Kweichow Moutai Co's value of 34.94% is 1068.6% above this industry median. Based on the distribution chart, Kweichow Moutai Co ranks #5 out of 211 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Kweichow Moutai Co has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kweichow Moutai Co's ROA % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Kweichow Moutai Co ranks #5 out of 211 companies for ROA %. This places Kweichow Moutai Co in the top 2% of its industry — outperforming the majority of peers. The industry median ROA % is 2.99. Kweichow Moutai Co's value of 34.94% is 1068.6% above this benchmark. Historically, Kweichow Moutai Co's own ROA % has ranged from 16.78 to 30.17 over the past decade. While the company's 10-year median is 23.95 vs. the industry median of 2.99, Kweichow Moutai Co 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 2.99, based on 211 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. Kweichow Moutai Co's current ROA % of 34.94% is 1068.6% 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 Kweichow Moutai Co and its competitors. For the Beverages - Alcoholic industry, the median ROA % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kweichow Moutai Co's current ROA % is 34.94%, which is 46% above median its own 10-year median of 23.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kweichow Moutai Co stock overvalued right now?
Based on GuruFocus' analysis, Kweichow Moutai Co (SHSE:600519) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥1,594.27, compared to a current price of ¥1,292.01 — trading 19% below its estimated fair value. The current ROA % is 34.94%, which is 46% above median its 10-year median of 23.95 and 1068.6% above the Beverages - Alcoholic industry median of 2.99. Kweichow Moutai Co's overall GF Score™ is 99/100 with 2 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 Kweichow Moutai Co (SHSE:600519), the current ROA % is 34.94% 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 Kweichow Moutai Co (SHSE:600519) Overvalued in 2026?
Based on GuruFocus' analysis, Kweichow Moutai Co stock appears to be undervalued.
The current stock price of ¥1,292.01 is trading 19% below its estimated GF Value™ of ¥1,594.27.
GuruFocus considers Kweichow Moutai Co to be Modestly Undervalued.
Key valuation signals for SHSE:600519:
ROA %: 34.94% (46% above median its 10-year median of 23.95)
GF Value™: ¥1,594.27 vs. price of ¥1,292.01 (19% below fair value)
Industry Position: 1068.6% above the Beverages - Alcoholic median (#5 of 211)
No single metric tells the full story. See the SHSE:600519 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kweichow Moutai is China's largest baijiu producer, with sales revenue of over CNY 170 billion in 2024. Established in 1951, Moutai is headquartered in Moutai Town, Renhuai City, Guizhou province, in southwest China. Its core product, 53-degree Feitian Moutai, is known as China's national drink and has been consumed during many high-profile historical and political events. Moutai's unparalleled brand strength and premium product quality have led to remarkable pricing power, allowing it to achieve the industry's highest retail prices and profit margins. The State-owned Assets Supervision and Administration Commission of Guizhou province, through Moutai Group, controls a 49% stake in Kweichow Moutai.
99GF Score
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