National BeverageFRA:20V -1.38%78 ROE % is 28.73% as of Jan. 2026, which is 33% below its 10-year median of 42.79. 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. Among 111 Beverages - Non-Alcoholic companies, National Beverage ranks better than 92.79% on this metric.
The historical rank and industry rank for National Beverage's ROE % or its related term are showing as below:
FRA:20V'
s ROE % Range Over the Past 10 Years
Min: 33.16 Med: 42.79 Max: 53.24
Current: 37.76
During the past 13 years, National Beverage's highest ROE % was 53.24%. The lowest was 33.16%. And the median was 42.79%.
FRA:20V's ROE % is ranked better than 92.79% of 111
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 11.15
vs FRA:20V: 37.76
National Beverage (FRA:20V) 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 four times the quarterly (Jan. 2026) net income data. The Revenue data used here is four times the quarterly (Jan. 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.
National Beverage ROE % Related Terms
National Beverage ROE % Historical Data
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The historical data trend for National Beverage'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 Beverages - Non-Alcoholic subindustry, National Beverage'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.
National Beverage ROE % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, National Beverage's ROE % distribution charts can be found below:
* The bar in red indicates where National Beverage'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 four times the quarterly (Jan. 2026) net income data.
ROE % is displayed in the 30-year financial page.
National Beverage (FRA:20V) has a ROE % of 28.73% as of Jan. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on National Beverage and its competitors. This is 33% below median its historical median of 42.79. Over the past decade, National Beverage's ROE % has ranged from 33.16 to 53.24. According to the industry distribution chart, National Beverage ranks #8 out of 111 companies in the Beverages - Non-Alcoholic industry, placing it in the top 7.2%.
Is National Beverage's ROE % too high?
National Beverage's current ROE % of 28.73% is 33% below median its 10-year median of 42.79. Over the past 10 years, this metric has ranged from a low of 33.16 to a high of 53.24. The Beverages - Non-Alcoholic industry median ROE % is 11.15. National Beverage's value of 28.73% is 157.7% above this industry median. Based on the distribution chart, National Beverage ranks #8 out of 111 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. 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 ROE % compare to COCO and SUJA?
According to the Beverages - Non-Alcoholic industry distribution chart, National Beverage ranks #8 out of 111 companies for ROE %. This places National Beverage in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 11.15. National Beverage's value of 28.73% is 157.7% above this benchmark. Historically, National Beverage's own ROE % has ranged from 33.16 to 53.24 over the past decade. While the company's 10-year median is 42.79 vs. the industry median of 11.15, National Beverage 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 Beverages - Non-Alcoholic company?
The median ROE % among Beverages - Non-Alcoholic companies is 11.15, based on 111 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. National Beverage's current ROE % of 28.73% is 157.7% 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 National Beverage and its competitors. For the Beverages - Non-Alcoholic industry, the median ROE % is 11.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Beverage's current ROE % is 28.73%, which is 33% below median its own 10-year median of 42.79. 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 ROE % of 28.73%. 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 ROE % is 28.73%, which is 33% below median its 10-year median of 42.79 and 157.7% above the Beverages - Non-Alcoholic industry median of 11.15. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For National Beverage (FRA:20V), the current ROE % is 28.73% 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:
ROE %: 28.73% (33% below median its 10-year median of 42.79)
GF Value™: €40.08 vs. price of €28.60 (28.6% below fair value)
Industry Position: 157.7% above the Beverages - Non-Alcoholic median (#8 of 111)
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 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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