Base FoodTSE:2936 +1.09%61 ROA % is 15.80% as of Feb. 2026. GuruFocus rates TSE:2936 with a GF Score™ of 61/100 and a GF Value™ of 円451.87 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,988 Consumer Packaged Goods companies, Base Food ranks better than 70.93% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Base Food's annualizedNet Income for the quarter that ended in Feb. 2026 was 円621 Mil.
Base Food's average Total Assets over the quarter that ended in Feb. 2026 was 円3,932 Mil. Therefore, Base Food's annualized ROA % for the quarter that ended in Feb. 2026 was 15.80%.
The historical rank and industry rank for Base Food's ROA % or its related term are showing as below:
TSE:2936'
s ROA % Range Over the Past 10 Years
Min: -44.33 Med: -28.77 Max: 6.72
Current: 6.72
During the past 6 years, Base Food's highest ROA % was 6.72%. The lowest was -44.33%. And the median was -28.77%.
TSE:2936's ROA % is ranked better than 70.93% of 1988
companies
in the Consumer Packaged Goods industry
Industry Median: 3.24
vs TSE:2936: 6.72
Base Food (TSE:2936) 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 (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 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.
Base Food ROA % Related Terms
Base Food ROA % Historical Data
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The historical data trend for Base Food'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 Packaged Foods subindustry, Base Food'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.
Base Food ROA % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Base Food's ROA % distribution charts can be found below:
* The bar in red indicates where Base Food'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 (Feb. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Base Food (TSE:2936) has a ROA % of 15.80% as of Feb. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Base Food and its competitors. According to the industry distribution chart, Base Food ranks #578 out of 1988 companies in the Consumer Packaged Goods industry, placing it in the top 29.1%.
Is Base Food's ROA % too high?
Base Food's current ROA % is 15.80%. The Consumer Packaged Goods industry median ROA % is 3.24. Base Food's value of 15.80% is 387.7% above this industry median. Based on the distribution chart, Base Food ranks #578 out of 1988 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Base Food has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Base Food's ROA % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Base Food ranks #578 out of 1988 companies for ROA %. This puts Base Food in the upper half of its industry. The industry median ROA % is 3.24. Base Food's value of 15.80% is 387.7% above this benchmark. 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 Consumer Packaged Goods company?
The median ROA % among Consumer Packaged Goods companies is 3.24, based on 1,988 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. Base Food's current ROA % of 15.80% is 387.7% 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 Base Food and its competitors. For the Consumer Packaged Goods industry, the median ROA % is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Base Food's current ROA % is 15.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Base Food stock overvalued right now?
Based on GuruFocus' analysis, Base Food (TSE:2936) is currently considered Significantly Undervalued. The stock's GF Value™ is 円451.87, compared to a current price of 円278.00 — trading 38.5% below its estimated fair value. The current ROA % is 15.80% and 387.7% above the Consumer Packaged Goods industry median of 3.24. Base Food's overall GF Score™ is 61/100 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 Base Food (TSE:2936), the current ROA % is 15.80% as of Feb. 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 Base Food (TSE:2936) Overvalued in 2026?
Based on GuruFocus' analysis, Base Food stock appears to be undervalued.
The current stock price of 円278.00 is trading 38.5% below its estimated GF Value™ of 円451.87.
GuruFocus considers Base Food to be Significantly Undervalued.
Key valuation signals for TSE:2936:
ROA %: 15.80%
GF Value™: 円451.87 vs. price of 円278.00 (38.5% below fair value)
Industry Position: 387.7% above the Consumer Packaged Goods median (#578 of 1988)
No single metric tells the full story. See the TSE:2936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Base Food Inc is engaged in the development and sale of complete nutrition food. The company offers base bread, base pasta and base cookies related products.
61GF Score
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