National Beverage (FRA:20V) ROCE %: 31.22% (As of Jan. 2026)

What is National Beverage ROCE %?

National Beverage FRA:20V -1.38% 78 ROCE % is 31.22% as of Jan. 2026. GuruFocus rates FRA:20V with a GF Score™ of 78/100 and a GF Value™ of €40.08. The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. National Beverage's annualized ROCE % for the quarter that ended in Jan. 2026 was 31.22%.

National Beverage (FRA:20V) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

National Beverage ROCE % Related Terms

National Beverage ROCE % Historical Data

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The historical data trend for National Beverage's ROCE % 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.

National Beverage ROCE % Chart

National Beverage Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

ROCE %

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47.07

60.02

49.29

41.50

39.43

National Beverage Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26
ROCE %	Get a 7-Day Free Trial															45.85	43.92	49.51	37.95	31.22

78GF Score

National Beverage Corp FRA:20V

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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National Beverage ROCE % Calculation

National Beverage's annualized ROCE % for the fiscal year that ended in Apr. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2025 )		(A: Apr. 2024 )		(A: Apr. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2025 )		(A: Apr. 2024 )		(A: Apr. 2025 )
	=	209.559	/	( ( (717.783 - 128.548)	+	(598.845 - 125.047) )	/ 2 )
	=	209.559	/	( (589.235	+	473.798)	/ 2 )
	=	209.559	/	531.5165
	=	39.43 %

National Beverage's ROCE % of for the quarter that ended in Jan. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2026 )		(Q: Oct. 2025 )		(Q: Jan. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2026 )		(Q: Oct. 2025 )		(Q: Jan. 2026 )
	=	174.1	/	( ( (643.369 - 98.519)	+	(674.393 - 103.881) )	/ 2 )
	=	174.1	/	( ( 544.85	+	570.512 )	/ 2 )
	=	174.1	/	557.681
	=	31.22 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 31.22% mean?

National Beverage (FRA:20V) has a ROCE % of 31.22% as of Jan. 2026.

Is National Beverage's ROCE % too high?

National Beverage's current ROCE % is 31.22%. The Beverages - Non-Alcoholic industry median ROCE % is 12.40. National Beverage's value of 31.22% is 151.9% above this industry median. Overall, National Beverage has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.

How does National Beverage's ROCE % compare to COCO and SUJA?

National Beverage's ROCE % of 31.22% can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median ROCE % is 12.40. National Beverage's value of 31.22% is 151.9% 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 ROCE % for a Beverages - Non-Alcoholic company?

The median ROCE % among Beverages - Non-Alcoholic companies is 12.40, based on 114 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Beverage's current ROCE % of 31.22% is 151.9% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Beverages - Non-Alcoholic industry, the median ROCE % is 12.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Beverage's current ROCE % is 31.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is National Beverage stock overvalued right now?

National Beverage (FRA:20V) has a current ROCE % of 31.22%. The stock's GF Value™ is €40.08, compared to a current price of €28.60 — trading 28.6% below its estimated fair value. The current ROCE % is 31.22% and 151.9% above the Beverages - Non-Alcoholic industry median of 12.40. National Beverage's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For National Beverage (FRA:20V), the current ROCE % is 31.22% as of Jan. 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 National Beverage (FRA:20V) Overvalued in 2026?

Based on GuruFocus' analysis, National Beverage stock appears to be undervalued. The current stock price of €28.60 is trading 28.6% below its estimated GF Value™ of €40.08.

Key valuation signals for FRA:20V:

ROCE %: 31.22%
GF Value™: €40.08 vs. price of €28.60 (28.6% below fair value)
GF Score™: 78/100 with 2 warning signs
Industry Position: 151.9% above the Beverages - Non-Alcoholic median

No single metric tells the full story. See the FRA:20V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Beverage Business Description

Industry Consumer Defensive Beverages - Non-Alcoholic

Comparable Companies COCO SUJA BUDA ZVIA BRFH JSDA REED MOJO NEVIF CELH KO PEP MNST HKSE:09633 KDP LSE:CCEP COCSF MEX:AC LSE:CCH NSE:VBL

Other Exchanges FIZZ:USA 0K50:UK

Address 8050 SW Tenth Street, Suite 4000, Fort Lauderdale, FL, USA, 33324

Website https://www.nationalbeverage.com

National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants).

78GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€28.60

Price

€40.08

GF Value

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