Bega CheeseASX:BGA +3.21%75 ROE % is 9.43% as of Dec. 2025, which is 239% above its 10-year median of 2.78. GuruFocus rates ASX:BGA with a GF Score™ of 75/100 and a GF Value™ of A$4.83 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,916 Consumer Packaged Goods companies, Bega Cheese ranks worse than 72.91% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bega Cheese's annualized net income for the quarter that ended in Dec. 2025 was A$94 Mil. Bega Cheese's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was A$995 Mil. Therefore, Bega Cheese's annualized ROE % for the quarter that ended in Dec. 2025 was 9.43%.
The historical rank and industry rank for Bega Cheese's ROE % or its related term are showing as below:
ASX:BGA'
s ROE % Range Over the Past 10 Years
Min: -20.29 Med: 2.78 Max: 30.82
Current: 0.81
During the past 13 years, Bega Cheese's highest ROE % was 30.82%. The lowest was -20.29%. And the median was 2.78%.
ASX:BGA's ROE % is ranked worse than 72.91% of 1916
companies
in the Consumer Packaged Goods industry
Industry Median: 6.735
vs ASX:BGA: 0.81
Bega Cheese (ASX:BGA) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Bega Cheese ROE % Related Terms
Bega Cheese ROE % Historical Data
* Premium members only.
The historical data trend for Bega Cheese's ROE % 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, Bega Cheese's ROE %, along with its competitors' market caps and ROE % 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.
Bega Cheese ROE % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bega Cheese's ROE % distribution charts can be found below:
* The bar in red indicates where Bega Cheese's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Bega Cheese (ASX:BGA) has a ROE % of 9.43% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Bega Cheese and its competitors. This is 239% above median its historical median of 2.78. According to the industry distribution chart, Bega Cheese ranks #1397 out of 1916 companies in the Consumer Packaged Goods industry, placing it in the top 72.9%.
Is Bega Cheese's ROE % too high?
Bega Cheese's current ROE % of 9.43% is 239% above median its 10-year median of 2.78. The Consumer Packaged Goods industry median ROE % is 6.74. Bega Cheese's value of 9.43% is 40% above this industry median. Based on the distribution chart, Bega Cheese ranks #1397 out of 1916 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Bega Cheese has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bega Cheese's ROE % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Bega Cheese ranks #1397 out of 1916 companies for ROE %. This places Bega Cheese in the lower half of its industry. The industry median ROE % is 6.74. Bega Cheese's value of 9.43% is 40% above this benchmark. While the company's 10-year median is 2.78 vs. the industry median of 6.74, Bega Cheese 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 ROE % for a Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.74, based on 1,916 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bega Cheese's current ROE % of 9.43% is 40% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Bega Cheese and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bega Cheese's current ROE % is 9.43%, which is 239% above median its own 10-year median of 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bega Cheese stock overvalued right now?
Based on GuruFocus' analysis, Bega Cheese (ASX:BGA) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.83, compared to a current price of A$5.79 — trading 19.9% above its estimated fair value. The current ROE % is 9.43%, which is 239% above median its 10-year median of 2.78 and 40% above the Consumer Packaged Goods industry median of 6.74. Bega Cheese's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Bega Cheese (ASX:BGA), the current ROE % is 9.43% as of Dec. 2025. 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 Bega Cheese (ASX:BGA) Overvalued in 2026?
Based on GuruFocus' analysis, Bega Cheese stock appears to be overvalued.
The current stock price of A$5.79 is trading 19.9% above its estimated GF Value™ of A$4.83.
GuruFocus considers Bega Cheese to be Modestly Overvalued.
Key valuation signals for ASX:BGA:
ROE %: 9.43% (239% above median its 10-year median of 2.78)
GF Value™: A$4.83 vs. price of A$5.79 (19.9% above fair value)
Industry Position: 40% above the Consumer Packaged Goods median (#1397 of 1916)
No single metric tells the full story. See the ASX:BGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bega Group is an Australia-based dairy processor and food manufacturer of well-known brands including Bega Cheese and Vegemite. Bega operates two segments: The branded segment produces consumer packaged goods primarily sold through the supermarket and foodservice channels, while the bulk segment produces commodity dairy ingredients primarily sold through the business-to-business channel.
75GF Score
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