Manitou BFMAOIF 91 ROE % is 7.56% as of Dec. 2025, which is 36% below its 10-year median of 11.89. GuruFocus rates MAOIF with a GF Score™ of 91/100 and a GF Value™ of $22.76 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 204 Farm & Heavy Construction Machinery companies, Manitou BF ranks worse than 50.98% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Manitou BF's annualized net income for the quarter that ended in Dec. 2025 was $84 Mil. Manitou BF's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was $1,108 Mil. Therefore, Manitou BF's annualized ROE % for the quarter that ended in Dec. 2025 was 7.56%.
The historical rank and industry rank for Manitou BF's ROE % or its related term are showing as below:
MAOIF'
s ROE % Range Over the Past 10 Years
Min: 5.99 Med: 11.89 Max: 17.01
Current: 7.12
During the past 13 years, Manitou BF's highest ROE % was 17.01%. The lowest was 5.99%. And the median was 11.89%.
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.
Manitou BF ROE % Related Terms
Manitou BF ROE % Historical Data
* Premium members only.
The historical data trend for Manitou BF'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 Farm & Heavy Construction Machinery subindustry, Manitou BF'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.
Manitou BF ROE % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Manitou BF's ROE % distribution charts can be found below:
* The bar in red indicates where Manitou BF'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.
Manitou BF (MAOIF) has a ROE % of 7.56% 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 Manitou BF and its competitors. This is 36% below median its historical median of 11.89. Over the past decade, Manitou BF's ROE % has ranged from 5.99 to 17.01. According to the industry distribution chart, Manitou BF ranks #104 out of 204 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 51%.
Is Manitou BF's ROE % too high?
Manitou BF's current ROE % of 7.56% is 36% below median its 10-year median of 11.89. Over the past 10 years, this metric has ranged from a low of 5.99 to a high of 17.01. The Farm & Heavy Construction Machinery industry median ROE % is 7.16. Manitou BF's value of 7.56% is 5.7% above this industry median. Based on the distribution chart, Manitou BF ranks #104 out of 204 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Manitou BF has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manitou BF's ROE % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Manitou BF ranks #104 out of 204 companies for ROE %. This places Manitou BF in the lower half of its industry. The industry median ROE % is 7.16. Manitou BF's value of 7.56% is 5.7% above this benchmark. Historically, Manitou BF's own ROE % has ranged from 5.99 to 17.01 over the past decade. While the company's 10-year median is 11.89 vs. the industry median of 7.16, Manitou BF 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 Farm & Heavy Construction Machinery company?
The median ROE % among Farm & Heavy Construction Machinery companies is 7.16, based on 204 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. Manitou BF's current ROE % of 7.56% is 5.7% 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 Manitou BF and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROE % is 7.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manitou BF's current ROE % is 7.56%, which is 36% below median its own 10-year median of 11.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manitou BF stock overvalued right now?
Based on GuruFocus' analysis, Manitou BF (MAOIF) is currently considered Modestly Overvalued. The stock's GF Value™ is $22.76, compared to a current price of $25.50 — trading 12% above its estimated fair value. The current ROE % is 7.56%, which is 36% below median its 10-year median of 11.89 and 5.7% above the Farm & Heavy Construction Machinery industry median of 7.16. Manitou BF's overall GF Score™ is 91/100 with 6 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 Manitou BF (MAOIF), the current ROE % is 7.56% 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 Manitou BF (MAOIF) Overvalued in 2026?
Based on GuruFocus' analysis, Manitou BF stock appears to be overvalued.
The current stock price of $25.50 is trading 12% above its estimated GF Value™ of $22.76.
GuruFocus considers Manitou BF to be Modestly Overvalued.
Key valuation signals for MAOIF:
ROE %: 7.56% (36% below median its 10-year median of 11.89)
GF Value™: $22.76 vs. price of $25.50 (12% above fair value)
Industry Position: 5.7% above the Farm & Heavy Construction Machinery median (#104 of 204)
No single metric tells the full story. See the MAOIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manitou BF SA is an industrial equipment manufacturer based in France. It is one of the companies in developing all-terrain material handling equipment meant for construction, agricultural and industrial usage. Manitou's product mix is comprised of fixed, rotating and heavyweight all-terrain telescopic forklift-trucks, semi-industrial and industrial all-terrain masted forklift-trucks, compact loaders, aerial work platforms for personnel and warehousing equipment. These products are marketed through well-known brands such as Manitou, Gehl, and Mustang available with dealers throughout the world. Most of its revenue is derived from sales in countries of Northern Europe.
91GF Score
Get the complete analysis for MAOIF
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MAOIF has been successfully added to your 
