Karelia Tobacco Co (ATH:KARE) ROE %: 16.07% (As of Mar. 2026) — 18% Above Median


ATH:KARE Karelia Tobacco Co Inc SA ATH:KARE
72 GF Score
Price €428.00
GF Value €407.16
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Karelia Tobacco Co ROE %?

Karelia Tobacco Co ATH:KARE -0.23% 72 ROE % is 16.07% as of Mar. 2026, which is 18% above its 10-year median of 13.63. GuruFocus rates ATH:KARE with a GF Score™ of 72/100 and a GF Value™ of €407.16 (Fairly Valued). The stock has 5 warning signs investors should review. Among 45 Tobacco Products companies, Karelia Tobacco Co ranks worse than 53.33% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Karelia Tobacco Co's annualized net income for the quarter that ended in Mar. 2026 was €140 Mil. Karelia Tobacco Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €874 Mil. Therefore, Karelia Tobacco Co's annualized ROE % for the quarter that ended in Mar. 2026 was 16.07%.

The historical rank and industry rank for Karelia Tobacco Co's ROE % or its related term are showing as below:

ATH:KARE' s ROE % Range Over the Past 10 Years
Min: 10.36   Med: 13.63   Max: 17.76
Current: 14

During the past 13 years, Karelia Tobacco Co's highest ROE % was 17.76%. The lowest was 10.36%. And the median was 13.63%.

ATH:KARE's ROE % is ranked worse than
53.33% of 45 companies
in the Tobacco Products industry
Industry Median: 16.13 vs ATH:KARE: 14.00

Karelia Tobacco Co  (ATH:KARE) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=140.484/874.1885
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(140.484 / 1558.412)*(1558.412 / 1049.77)*(1049.77 / 874.1885)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.01 %*1.4845*1.2009
=ROA %*Equity Multiplier
=13.38 %*1.2009
=16.07 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=140.484/874.1885
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (140.484 / 179.776) * (179.776 / 146.088) * (146.088 / 1558.412) * (1558.412 / 1049.77) * (1049.77 / 874.1885)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7814 * 1.2306 * 9.37 % * 1.4845 * 1.2009
=16.07 %

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. 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.


Karelia Tobacco Co ROE % Related Terms


Karelia Tobacco Co ROE % Historical Data

* Premium members only.

The historical data trend for Karelia Tobacco Co'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.

Karelia Tobacco Co ROE % Chart

Karelia Tobacco Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.30 13.51 12.65 14.98 12.53

Karelia Tobacco Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.58 10.10 16.27 13.65 16.07

ATH:KARE vs PM, MO, TPB: ROE % Comparison

For the Tobacco subindustry, Karelia Tobacco Co'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.


Karelia Tobacco Co ROE % vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Karelia Tobacco Co's ROE % distribution charts can be found below:

* The bar in red indicates where Karelia Tobacco Co's ROE % falls into.


ATH:KARE
72GF Score
Karelia Tobacco Co Inc SA ATH:KARE
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Karelia Tobacco Co ROE % Calculation

Karelia Tobacco Co's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=103.284/( (792.231+856.457)/ 2 )
=103.284/824.344
=12.53 %

Karelia Tobacco Co's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=140.484/( (856.457+891.92)/ 2 )
=140.484/874.1885
=16.07 %

* 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 four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 16.07% mean?
Karelia Tobacco Co (ATH:KARE) has a ROE % of 16.07% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Karelia Tobacco Co and its competitors. This is 18% above median its historical median of 13.63. Over the past decade, Karelia Tobacco Co's ROE % has ranged from 10.36 to 17.76. According to the industry distribution chart, Karelia Tobacco Co ranks #24 out of 45 companies in the Tobacco Products industry, placing it in the top 53.3%.
Is Karelia Tobacco Co's ROE % too high?
Karelia Tobacco Co's current ROE % of 16.07% is 18% above median its 10-year median of 13.63. Over the past 10 years, this metric has ranged from a low of 10.36 to a high of 17.76. The Tobacco Products industry median ROE % is 16.13. Karelia Tobacco Co's value of 16.07% is 0.4% below this industry median. Based on the distribution chart, Karelia Tobacco Co ranks #24 out of 45 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, Karelia Tobacco Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Karelia Tobacco Co's ROE % compare to PM and MO?
According to the Tobacco Products industry distribution chart, Karelia Tobacco Co ranks #24 out of 45 companies for ROE %. This places Karelia Tobacco Co in the lower half of its industry. The industry median ROE % is 16.13. Karelia Tobacco Co's value of 16.07% is 0.4% below this benchmark. Historically, Karelia Tobacco Co's own ROE % has ranged from 10.36 to 17.76 over the past decade. While the company's 10-year median is 13.63 vs. the industry median of 16.13, Karelia Tobacco Co has consistently been below 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 Tobacco Products company?
The median ROE % among Tobacco Products companies is 16.13, based on 45 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. Karelia Tobacco Co's current ROE % of 16.07% is 0.4% below 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 Karelia Tobacco Co and its competitors. For the Tobacco Products industry, the median ROE % is 16.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karelia Tobacco Co's current ROE % is 16.07%, which is 18% above median its own 10-year median of 13.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karelia Tobacco Co stock overvalued right now?
Based on GuruFocus' analysis, Karelia Tobacco Co (ATH:KARE) is currently considered Fairly Valued. The stock's GF Value™ is €407.16, compared to a current price of €428.00 — trading 5.1% above its estimated fair value. The current ROE % is 16.07%, which is 18% above median its 10-year median of 13.63 and 0.4% below the Tobacco Products industry median of 16.13. Karelia Tobacco Co's overall GF Score™ is 72/100 with 5 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 Karelia Tobacco Co (ATH:KARE), the current ROE % is 16.07% 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 Karelia Tobacco Co (ATH:KARE) Overvalued in 2026?

Based on GuruFocus' analysis, Karelia Tobacco Co stock appears to be overvalued. The current stock price of €428.00 is trading 5.1% above its estimated GF Value™ of €407.16. GuruFocus considers Karelia Tobacco Co to be Fairly Valued.

Key valuation signals for ATH:KARE:

  • ROE %: 16.07% (18% above median its 10-year median of 13.63)
  • GF Value™: €407.16 vs. price of €428.00 (5.1% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 0.4% below the Tobacco Products median (#24 of 45)

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


Karelia Tobacco Co Business Description

Other Exchanges DC5:Germany
Address Athinon Street, Kalamata, GRC, 24100
Karelia Tobacco Co Inc SA is in the business of manufacture, export, and wholesale of tobacco products such as cigarettes, cigars, hand-rolling cigarettes, and other duty-free tobacco products. The firm's flagship brands include George Karelias and Sons, Slims, Ome, Karelia Blue, and American Legend. Its geographical segment includes Greece and International. The company derives a majority of its revenue from the Greece segment.
72GF Score

Get the complete analysis for ATH:KARE

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

€428.00
Price
€407.16
GF Value