Modine Manufacturing Co (FRA:MMF) ROE %: 25.47% (As of Mar. 2026) — 81% Above Median


FRA:MMF Modine Manufacturing Co FRA:MMF
73 GF Score
Price €241.70
GF Value €119.40
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Modine Manufacturing Co ROE %?

Modine Manufacturing Co FRA:MMF +1.85% 73 ROE % is 25.47% as of Mar. 2026, which is 81% above its 10-year median of 14.06. GuruFocus rates FRA:MMF with a GF Score™ of 73/100 and a GF Value™ of €119.40 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,308 Vehicles & Parts companies, Modine Manufacturing Co ranks better than 70.26% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Modine Manufacturing Co's annualized net income for the quarter that ended in Mar. 2026 was €254 Mil. Modine Manufacturing Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €996 Mil. Therefore, Modine Manufacturing Co's annualized ROE % for the quarter that ended in Mar. 2026 was 25.47%.

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

FRA:MMF' s ROE % Range Over the Past 10 Years
Min: -50.37   Med: 14.06   Max: 29.34
Current: 11.48

During the past 13 years, Modine Manufacturing Co's highest ROE % was 29.34%. The lowest was -50.37%. And the median was 14.06%.

FRA:MMF's ROE % is ranked better than
70.26% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 6.62 vs FRA:MMF: 11.48

Modine Manufacturing Co  (FRA:MMF) 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
=253.616/995.6295
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(253.616 / 3302.224)*(3302.224 / 2216.963)*(2216.963 / 995.6295)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.68 %*1.4895*2.2267
=ROA %*Equity Multiplier
=11.44 %*2.2267
=25.47 %

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
=253.616/995.6295
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (253.616 / 330.776) * (330.776 / 390.98) * (390.98 / 3302.224) * (3302.224 / 2216.963) * (2216.963 / 995.6295)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7667 * 0.846 * 11.84 % * 1.4895 * 2.2267
=25.47 %

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.


Modine Manufacturing Co ROE % Related Terms


Modine Manufacturing Co ROE % Historical Data

* Premium members only.

The historical data trend for Modine Manufacturing 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.

Modine Manufacturing Co ROE % Chart

Modine Manufacturing Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.04 29.70 23.94 22.25 11.21

Modine Manufacturing 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 22.13 20.66 17.05 -17.45 25.47

FRA:MMF vs BWA, AUR, APTV: ROE % Comparison

For the Auto Parts subindustry, Modine Manufacturing 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.


Modine Manufacturing Co ROE % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Modine Manufacturing Co's ROE % distribution charts can be found below:

* The bar in red indicates where Modine Manufacturing Co's ROE % falls into.


FRA:MMF
73GF Score
Modine Manufacturing Co FRA:MMF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modine Manufacturing Co ROE % Calculation

Modine Manufacturing Co's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=105.097/( (841.935+1033.242)/ 2 )
=105.097/937.5885
=11.21 %

Modine Manufacturing 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 )
=253.616/( (958.017+1033.242)/ 2 )
=253.616/995.6295
=25.47 %

* 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 25.47% mean?
Modine Manufacturing Co (FRA:MMF) has a ROE % of 25.47% 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 Modine Manufacturing Co and its competitors. This is 81% above median its historical median of 14.06. According to the industry distribution chart, Modine Manufacturing Co ranks #389 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 29.7%.
Is Modine Manufacturing Co's ROE % too high?
Modine Manufacturing Co's current ROE % of 25.47% is 81% above median its 10-year median of 14.06. The Vehicles & Parts industry median ROE % is 6.62. Modine Manufacturing Co's value of 25.47% is 284.7% above this industry median. Based on the distribution chart, Modine Manufacturing Co ranks #389 out of 1308 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Modine Manufacturing Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Modine Manufacturing Co's ROE % compare to BWA and AUR?
According to the Vehicles & Parts industry distribution chart, Modine Manufacturing Co ranks #389 out of 1308 companies for ROE %. This puts Modine Manufacturing Co in the upper half of its industry. The industry median ROE % is 6.62. Modine Manufacturing Co's value of 25.47% is 284.7% above this benchmark. While the company's 10-year median is 14.06 vs. the industry median of 6.62, Modine Manufacturing Co 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 Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.62, based on 1,308 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. Modine Manufacturing Co's current ROE % of 25.47% is 284.7% 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 Modine Manufacturing Co and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modine Manufacturing Co's current ROE % is 25.47%, which is 81% above median its own 10-year median of 14.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modine Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Modine Manufacturing Co (FRA:MMF) is currently considered Significantly Overvalued. The stock's GF Value™ is €119.40, compared to a current price of €241.70 — trading 102.4% above its estimated fair value. The current ROE % is 25.47%, which is 81% above median its 10-year median of 14.06 and 284.7% above the Vehicles & Parts industry median of 6.62. Modine Manufacturing Co's overall GF Score™ is 73/100 with 8 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 Modine Manufacturing Co (FRA:MMF), the current ROE % is 25.47% 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 Modine Manufacturing Co (FRA:MMF) Overvalued in 2026?

Based on GuruFocus' analysis, Modine Manufacturing Co stock appears to be overvalued. The current stock price of €241.70 is trading 102.4% above its estimated GF Value™ of €119.40. GuruFocus considers Modine Manufacturing Co to be Significantly Overvalued.

Key valuation signals for FRA:MMF:

  • ROE %: 25.47% (81% above median its 10-year median of 14.06)
  • GF Value™: €119.40 vs. price of €241.70 (102.4% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 284.7% above the Vehicles & Parts median (#389 of 1308)

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


Modine Manufacturing Co Business Description

Other Exchanges MOD:USA1MOD:Italy
Address 1500 DeKoven Avenue, Racine, WI, USA, 53403
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers. Its operating segments include Climate Solutions and Performance Technologies.
73GF Score

Get the complete analysis for FRA:MMF

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

€241.70
Price
€119.40
GF Value