Bermas (BSE:BRM) ROE % Adjusted to Book Value: -20.11% (As of Mar. 2026)

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Valuation Modestly Undervalued

3 Warning Signs

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What is Bermas ROE % Adjusted to Book Value?

Bermas BSE:BRM 73 ROE % Adjusted to Book Value is -20.11% as of Mar. 2026. GuruFocus rates BSE:BRM with a GF Score™ of 73/100 and a GF Value™ of lei3.04 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Bermas's ROE % for the quarter that ended in Mar. 2026 was -46.85%. Bermas's PB Ratio for the quarter that ended in Mar. 2026 was 2.33. Bermas's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -20.11%.

Bermas ROE % Adjusted to Book Value Related Terms

Bermas ROE % Adjusted to Book Value Historical Data

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The historical data trend for Bermas's ROE % Adjusted to Book Value 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.

Bermas ROE % Adjusted to Book Value Chart

Bermas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

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3.25

2.81

2.06

2.38

2.50

Bermas Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															-15.75	15.01	19.73	-7.43	-20.11

BSE:BRM vs BUD, STZ, TAP: ROE % Adjusted to Book Value Comparison

For the Beverages - Brewers subindustry, Bermas's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Bermas ROE % Adjusted to Book Value vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Bermas's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Bermas's ROE % Adjusted to Book Value falls into.

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73GF Score

Bermas SA BSE:BRM

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Bermas ROE % Adjusted to Book Value Calculation

Bermas's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	5.88%	/	2.35
	=	2.50%

Bermas's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	-46.85%	/	2.33
	=	-20.11%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of -20.11% mean?

Bermas (BSE:BRM) has a ROE % Adjusted to Book Value of -20.11% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Bermas and its competitors.

Is Bermas' ROE % Adjusted to Book Value too high?

Bermas' current ROE % Adjusted to Book Value is -20.11%. Overall, Bermas has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Bermas' ROE % Adjusted to Book Value compare to BUD and STZ?

Bermas' ROE % Adjusted to Book Value of -20.11% can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROE % Adjusted to Book Value for a Beverages - Alcoholic company?

A good ROE % Adjusted to Book Value depends on the Beverages - Alcoholic industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Bermas and its competitors. Bermas's current ROE % Adjusted to Book Value is -20.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bermas stock overvalued right now?

Based on GuruFocus' analysis, Bermas (BSE:BRM) is currently considered Modestly Undervalued. The stock's GF Value™ is lei3.04, compared to a current price of lei2.40 — trading 21.1% below its estimated fair value. The current ROE % Adjusted to Book Value is -20.11%. Bermas' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For Bermas (BSE:BRM), the current ROE % Adjusted to Book Value is -20.11% 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 Bermas (BSE:BRM) Overvalued in 2026?

Based on GuruFocus' analysis, Bermas stock appears to be undervalued. The current stock price of lei2.40 is trading 21.1% below its estimated GF Value™ of lei3.04. GuruFocus considers Bermas to be Modestly Undervalued.

Key valuation signals for BSE:BRM:

ROE % Adjusted to Book Value: -20.11%
GF Value™: lei3.04 vs. price of lei2.40 (21.1% below fair value)
GF Score™: 73/100 with 3 warning signs

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

Bermas Business Description

Industry Consumer Defensive Beverages - Alcoholic

Comparable Companies BUD XZIM:DLTA.ZW BSP:ABEV3 XAMS:HEIA MEX:FEMSAUBD STZ XAMS:HEIO OCSE:CARL B TSE:2502 TSE:2503 HKSE:01876 SHSE:600600 HKSE:00291 TSX:TPX.B TAP TSE:2501 SZSE:000729 BOM:532478 OCSE:RBREW SHSE:600132

Address Strada Humorului nr. 61, Scheia, Suceava, ROU, 723636

Website https://www.bermas.ro

Bermas SA is a company whose activity consists of the production and marketing of beer, malt, and other alcoholic and soft drinks, as well as derivatives and by-products resulting from manufacturing and services rendered to third parties. Its product portfolio comprises Suceava Clasic, Bere Calimani, Bere Bermas, and Bere Solca.

73GF Score

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

lei2.40

Price

lei3.04

GF Value

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