Heineken NVMEX:HEIAN 85 ROE % is 12.60% as of Dec. 2025, which is 1% below its 10-year median of 12.69. GuruFocus rates MEX:HEIAN with a GF Score™ of 85/100 and a GF Value™ of MXN1,820.25. The stock has 5 warning signs investors should review. Among 207 Beverages - Alcoholic companies, Heineken NV ranks better than 64.73% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Heineken NV's annualized net income for the quarter that ended in Dec. 2025 was MXN48,114 Mil. Heineken NV's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was MXN381,866 Mil. Therefore, Heineken NV's annualized ROE % for the quarter that ended in Dec. 2025 was 12.60%.
The historical rank and industry rank for Heineken NV's ROE % or its related term are showing as below:
MEX:HEIAN'
s ROE % Range Over the Past 10 Years
Min: -1.38 Med: 12.69 Max: 21.62
Current: 10.23
During the past 13 years, Heineken NV's highest ROE % was 21.62%. The lowest was -1.38%. And the median was 12.69%.
MEX:HEIAN's ROE % is ranked better than 64.73% of 207
companies
in the Beverages - Alcoholic industry
Industry Median: 5.74
vs MEX:HEIAN: 10.23
Heineken NV (MEX:HEIAN) 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 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.
Heineken NV ROE % Related Terms
Heineken NV ROE % Historical Data
* Premium members only.
The historical data trend for Heineken NV'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 - Brewers subindustry, Heineken NV'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.
Heineken NV ROE % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken NV's ROE % distribution charts can be found below:
* The bar in red indicates where Heineken NV'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.
Heineken NV (MEX:HEIAN) has a ROE % of 12.60% 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 Heineken NV and its competitors. This is near median its historical median of 12.69. According to the industry distribution chart, Heineken NV ranks #73 out of 207 companies in the Beverages - Alcoholic industry, placing it in the top 35.3%.
Is Heineken NV's ROE % too high?
Heineken NV's current ROE % of 12.60% is near median its 10-year median of 12.69. The Beverages - Alcoholic industry median ROE % is 5.74. Heineken NV's value of 12.60% is 119.5% above this industry median. Based on the distribution chart, Heineken NV ranks #73 out of 207 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Heineken NV has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Heineken NV's ROE % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Heineken NV ranks #73 out of 207 companies for ROE %. This puts Heineken NV in the upper half of its industry. The industry median ROE % is 5.74. Heineken NV's value of 12.60% is 119.5% above this benchmark. While the company's 10-year median is 12.69 vs. the industry median of 5.74, Heineken NV 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 - Alcoholic company?
The median ROE % among Beverages - Alcoholic companies is 5.74, based on 207 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. Heineken NV's current ROE % of 12.60% is 119.5% 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 Heineken NV and its competitors. For the Beverages - Alcoholic industry, the median ROE % is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken NV's current ROE % is 12.60%, which is near median its own 10-year median of 12.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken NV stock overvalued right now?
Heineken NV (MEX:HEIAN) has a current ROE % of 12.60%. The stock's GF Value™ is MXN1,820.25, compared to a current price of MXN1,667.89 — trading 8.4% below its estimated fair value. The current ROE % is 12.60%, which is near median its 10-year median of 12.69 and 119.5% above the Beverages - Alcoholic industry median of 5.74. Heineken NV's overall GF Score™ is 85/100 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 Heineken NV (MEX:HEIAN), the current ROE % is 12.60% 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 Heineken NV (MEX:HEIAN) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken NV stock appears to be undervalued.
The current stock price of MXN1,667.89 is trading 8.4% below its estimated GF Value™ of MXN1,820.25.
Key valuation signals for MEX:HEIAN:
ROE %: 12.60% (near median its 10-year median of 12.69)
GF Value™: MXN1,820.25 vs. price of MXN1,667.89 (8.4% below fair value)
Industry Position: 119.5% above the Beverages - Alcoholic median (#73 of 207)
No single metric tells the full story. See the MEX:HEIAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer. Its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.
85GF Score
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