ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. NovaBev Group's annualized net income for the quarter that ended in Dec. 2023 was ₽9,988 Mil. NovaBev Group's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was ₽24,846 Mil. Therefore, NovaBev Group's annualized ROE % for the quarter that ended in Dec. 2023 was 40.20%.
The historical rank and industry rank for NovaBev Group's ROE % or its related term are showing as below:
MIC:BELU's ROE % is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 5.38 * Ranked among companies with meaningful ROE % only.
NovaBev Group (MIC:BELU) 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. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) 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.
NovaBev Group ROE % Related Terms
NovaBev Group ROE % Historical Data
* Premium members only.
The historical data trend for NovaBev Group'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 - Wineries & Distilleries subindustry, NovaBev Group'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.
NovaBev Group ROE % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, NovaBev Group's ROE % distribution charts can be found below:
* The bar in red indicates where NovaBev Group'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. 2023) net income data.
ROE % is displayed in the 30-year financial page.
NovaBev Group (MIC:BELU) has a ROE % of 40.20% as of Dec. 2023. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on NovaBev Group and its competitors.
Is NovaBev Group's ROE % too high?
NovaBev Group's current ROE % is 40.20%. The Beverages - Alcoholic industry median ROE % is 5.38. NovaBev Group's value of 40.20% is 647.2% above this industry median. Overall, NovaBev Group has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does NovaBev Group's ROE % compare to BF.B?
NovaBev Group's ROE % of 40.20% can be compared against companies in the Beverages - Alcoholic industry. The industry median ROE % is 5.38. NovaBev Group's value of 40.20% is 647.2% above this benchmark. 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 5.38, 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. NovaBev Group's current ROE % of 40.20% is 647.2% 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 NovaBev Group and its competitors. For the Beverages - Alcoholic industry, the median ROE % is 5.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NovaBev Group's current ROE % is 40.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NovaBev Group stock overvalued right now?
NovaBev Group (MIC:BELU) has a current ROE % of 40.20%. The current ROE % is 40.20% and 647.2% above the Beverages - Alcoholic industry median of 5.38. NovaBev Group's overall GF Score™ is 17/100. 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 NovaBev Group (MIC:BELU), the current ROE % is 40.20% as of Dec. 2023. 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.
NovaBev Group is a Russian alcohol and food products and operation of wholesale and retail business. It producer of vodka and distilled beverages, and is one of the main importers of spirits and wine in the country.
17GF Score
Get the complete analysis for MIC:BELU
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
MIC:BELU has been successfully added to your 
