BKHA (Black Hawk Acquisition) ROE %: 2.79% (As of Feb. 2026) — 34% Below Median


BKHA Black Hawk Acquisition Corp BKHA
16 GF Score
Price $11.91
! 2 Warning Signs
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What is Black Hawk Acquisition ROE %?

Black Hawk Acquisition BKHA 16 ROE % is 2.79% as of Feb. 2026, which is 34% below its 10-year median of 4.24. GuruFocus rates BKHA with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 492 Diversified Financial Services companies, Black Hawk Acquisition ranks better than 58.54% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Black Hawk Acquisition's annualized net income for the quarter that ended in Feb. 2026 was $0.56 Mil. Black Hawk Acquisition's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was $20.05 Mil. Therefore, Black Hawk Acquisition's annualized ROE % for the quarter that ended in Feb. 2026 was 2.79%.

The historical rank and industry rank for Black Hawk Acquisition's ROE % or its related term are showing as below:

BKHA' s ROE % Range Over the Past 10 Years
Min: 2.02   Med: 4.24   Max: 5.5
Current: 2.02

During the past 3 years, Black Hawk Acquisition's highest ROE % was 5.50%. The lowest was 2.02%. And the median was 4.24%.

BKHA's ROE % is ranked better than
58.54% of 492 companies
in the Diversified Financial Services industry
Industry Median: 1.65 vs BKHA: 2.02

Black Hawk Acquisition  (NAS:BKHA) 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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=0.56/20.051
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.56 / 0)*(0 / 24.35)*(24.35 / 20.051)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*1.2144
=ROA %*Equity Multiplier
=N/A %*1.2144
=2.79 %

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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=0.56/20.051
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0.56 / 0.56) * (0.56 / -0.216) * (-0.216 / 0) * (0 / 24.35) * (24.35 / 20.051)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * -2.5926 * N/A % * 0 * 1.2144
=2.79 %

Note: The net income data used here is four times the quarterly (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 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.


Black Hawk Acquisition ROE % Related Terms


Black Hawk Acquisition ROE % Historical Data

* Premium members only.

The historical data trend for Black Hawk Acquisition'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.

Black Hawk Acquisition ROE % Chart

Black Hawk Acquisition Annual Data
Trend Nov23 Nov24 Nov25
ROE %
0.00 5.50 2.97

Black Hawk Acquisition Quarterly Data
Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 2.95 1.36 -0.08 2.79

BKHA vs ALCYF, COLA, YHNA: ROE % Comparison

For the Shell Companies subindustry, Black Hawk Acquisition'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.


Black Hawk Acquisition ROE % vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Black Hawk Acquisition's ROE % distribution charts can be found below:

* The bar in red indicates where Black Hawk Acquisition's ROE % falls into.


BKHA
16GF Score
Black Hawk Acquisition Corp BKHA
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Hawk Acquisition ROE % Calculation

Black Hawk Acquisition's annualized ROE % for the fiscal year that ended in Nov. 2025 is calculated as

ROE %=Net Income (A: Nov. 2025 )/( (Total Stockholders Equity (A: Nov. 2024 )+Total Stockholders Equity (A: Nov. 2025 ))/ count )
=1.33/( (69.657+19.981)/ 2 )
=1.33/44.819
=2.97 %

Black Hawk Acquisition's annualized ROE % for the quarter that ended in Feb. 2026 is calculated as

ROE %=Net Income (Q: Feb. 2026 )/( (Total Stockholders Equity (Q: Nov. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=0.56/( (19.981+20.121)/ 2 )
=0.56/20.051
=2.79 %

* 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 (Feb. 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 2.79% mean?
Black Hawk Acquisition (BKHA) has a ROE % of 2.79% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Black Hawk Acquisition and its competitors. This is 34% below median its historical median of 4.24. Over the past decade, Black Hawk Acquisition's ROE % has ranged from 2.02 to 5.50. According to the industry distribution chart, Black Hawk Acquisition ranks #204 out of 492 companies in the Diversified Financial Services industry, placing it in the top 41.5%.
Is Black Hawk Acquisition's ROE % too high?
Black Hawk Acquisition's current ROE % of 2.79% is 34% below median its 10-year median of 4.24. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 5.50. The Diversified Financial Services industry median ROE % is 1.65. Black Hawk Acquisition's value of 2.79% is 69.1% above this industry median. Based on the distribution chart, Black Hawk Acquisition ranks #204 out of 492 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Black Hawk Acquisition has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Black Hawk Acquisition's ROE % compare to ALCYF and COLA?
According to the Diversified Financial Services industry distribution chart, Black Hawk Acquisition ranks #204 out of 492 companies for ROE %. This puts Black Hawk Acquisition in the upper half of its industry. The industry median ROE % is 1.65. Black Hawk Acquisition's value of 2.79% is 69.1% above this benchmark. Historically, Black Hawk Acquisition's own ROE % has ranged from 2.02 to 5.50 over the past decade. While the company's 10-year median is 4.24 vs. the industry median of 1.65, Black Hawk Acquisition 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 Diversified Financial Services company?
The median ROE % among Diversified Financial Services companies is 1.65, based on 492 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. Black Hawk Acquisition's current ROE % of 2.79% is 69.1% 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 Black Hawk Acquisition and its competitors. For the Diversified Financial Services industry, the median ROE % is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Hawk Acquisition's current ROE % is 2.79%, which is 34% below median its own 10-year median of 4.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Hawk Acquisition stock overvalued right now?
Black Hawk Acquisition (BKHA) has a current ROE % of 2.79%. The current ROE % is 2.79%, which is 34% below median its 10-year median of 4.24 and 69.1% above the Diversified Financial Services industry median of 1.65. Black Hawk Acquisition's overall GF Score™ is 16/100 with 2 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 Black Hawk Acquisition (BKHA), the current ROE % is 2.79% as of Feb. 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.

Black Hawk Acquisition Business Description

Address 4125 Blackhawk Plaza Circle, Suite 166, Danville, CA, USA, 94506
Black Hawk Acquisition Corp is a Blank check company.
16GF Score

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