ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Fraser & Neave Holdings Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM385 Mil.
Fraser & Neave Holdings Bhd's average Total Assets over the quarter that ended in Mar. 2026 was RM5,817 Mil. Therefore, Fraser & Neave Holdings Bhd's annualized ROA % for the quarter that ended in Mar. 2026 was 6.62%.
The historical rank and industry rank for Fraser & Neave Holdings Bhd's ROA % or its related term are showing as below:
XKLS:3689'
s ROA % Range Over the Past 10 Years
Min: 7.09 Med: 11.3 Max: 12.37
Current: 7.09
During the past 13 years, Fraser & Neave Holdings Bhd's highest ROA % was 12.37%. The lowest was 7.09%. And the median was 11.30%.
XKLS:3689's ROA % is ranked better than 58.62% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 5.595
vs XKLS:3689: 7.09
Fraser & Neave Holdings Bhd (XKLS:3689) 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.
* 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 - Non-Alcoholic subindustry, Fraser & Neave Holdings Bhd'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.
Fraser & Neave Holdings Bhd ROA % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Fraser & Neave Holdings Bhd's ROA % distribution charts can be found below:
* The bar in red indicates where Fraser & Neave Holdings Bhd'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.
Fraser & Neave Holdings Bhd (XKLS:3689) has a ROA % of 6.62% 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 Fraser & Neave Holdings Bhd and its competitors. This is 41% below median its historical median of 11.30. Over the past decade, Fraser & Neave Holdings Bhd's ROA % has ranged from 7.09 to 12.37. According to the industry distribution chart, Fraser & Neave Holdings Bhd ranks #48 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 41.4%.
Is Fraser & Neave Holdings Bhd's ROA % too high?
Fraser & Neave Holdings Bhd's current ROA % of 6.62% is 41% below median its 10-year median of 11.30. Over the past 10 years, this metric has ranged from a low of 7.09 to a high of 12.37. The Beverages - Non-Alcoholic industry median ROA % is 5.60. Fraser & Neave Holdings Bhd's value of 6.62% is 18.3% above this industry median. Based on the distribution chart, Fraser & Neave Holdings Bhd ranks #48 out of 116 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Fraser & Neave Holdings Bhd has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fraser & Neave Holdings Bhd's ROA % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Fraser & Neave Holdings Bhd ranks #48 out of 116 companies for ROA %. This puts Fraser & Neave Holdings Bhd in the upper half of its industry. The industry median ROA % is 5.60. Fraser & Neave Holdings Bhd's value of 6.62% is 18.3% above this benchmark. Historically, Fraser & Neave Holdings Bhd's own ROA % has ranged from 7.09 to 12.37 over the past decade. While the company's 10-year median is 11.30 vs. the industry median of 5.60, Fraser & Neave Holdings Bhd 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 - Non-Alcoholic company?
The median ROA % among Beverages - Non-Alcoholic companies is 5.60, based on 116 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. Fraser & Neave Holdings Bhd's current ROA % of 6.62% is 18.3% 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 Fraser & Neave Holdings Bhd and its competitors. For the Beverages - Non-Alcoholic industry, the median ROA % is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fraser & Neave Holdings Bhd's current ROA % is 6.62%, which is 41% below median its own 10-year median of 11.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraser & Neave Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd (XKLS:3689) is currently considered Fairly Valued. The stock's GF Value™ is RM28.05, compared to a current price of RM27.70 — trading 1.2% below its estimated fair value. The current ROA % is 6.62%, which is 41% below median its 10-year median of 11.30 and 18.3% above the Beverages - Non-Alcoholic industry median of 5.60. Fraser & Neave Holdings Bhd's overall GF Score™ is 88/100 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 Fraser & Neave Holdings Bhd (XKLS:3689), the current ROA % is 6.62% 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 Fraser & Neave Holdings Bhd (XKLS:3689) Overvalued in 2026?
Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd stock appears to be undervalued.
The current stock price of RM27.70 is trading 1.2% below its estimated GF Value™ of RM28.05.
GuruFocus considers Fraser & Neave Holdings Bhd to be Fairly Valued.
Key valuation signals for XKLS:3689:
ROA %: 6.62% (41% below median its 10-year median of 11.30)
GF Value™: RM28.05 vs. price of RM27.70 (1.2% below fair value)
Industry Position: 18.3% above the Beverages - Non-Alcoholic median (#48 of 116)
No single metric tells the full story. See the XKLS:3689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fraser & Neave Holdings Bhd manufactures and sells canned milk, both condensed and evaporated and other dairy products and soft drinks. The company manufactures its products in Malaysia and Thailand and operates through four main segments: F&B Malaysia, which generates maximum revenue, F&B Thailand, Property, and Others. F&B Malaysia and F&B Thailand manufacture both soft drinks and dairies. Its core soft drink brands include 100PLUS, F&N Fun Flavours, F&N NutriSoy, F&N Seasons, F&N Ice Mountain, and others. Its dairy brands include Carnation, Magnolia, Teapot, Farmhouse, Gold Coin, and F&N Fruit Tree, among others. Geographically, the company derives a majority of its revenue from Southeast Asia and the rest from other regions.
88GF Score
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