Nokian Panimo Oyj (OHEL:BEER) ROE %: 10.29% (As of Dec. 2025) — 28% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OHEL:BEER Nokian Panimo Oyj OHEL:BEER
18 GF Score
Price €2.60
! 2 Warning Signs
View Full Analysis

What is Nokian Panimo Oyj ROE %?

Nokian Panimo Oyj OHEL:BEER 18 ROE % is 10.29% as of Dec. 2025, which is 28% below its 10-year median of 14.24. GuruFocus rates OHEL:BEER with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 206 Beverages - Alcoholic companies, Nokian Panimo Oyj ranks worse than 73.3% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Nokian Panimo Oyj's annualized net income for the quarter that ended in Dec. 2025 was €1.64 Mil. Nokian Panimo Oyj's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €15.93 Mil. Therefore, Nokian Panimo Oyj's annualized ROE % for the quarter that ended in Dec. 2025 was 10.29%.

The historical rank and industry rank for Nokian Panimo Oyj's ROE % or its related term are showing as below:

OHEL:BEER' s ROE % Range Over the Past 10 Years
Min: -0.61   Med: 14.24   Max: 18.74
Current: -0.54

During the past 3 years, Nokian Panimo Oyj's highest ROE % was 18.74%. The lowest was -0.61%. And the median was 14.24%.

OHEL:BEER's ROE % is ranked worse than
73.3% of 206 companies
in the Beverages - Alcoholic industry
Industry Median: 5.235 vs OHEL:BEER: -0.54

Nokian Panimo Oyj  (OHEL:BEER) 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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=1.64/15.9305
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.64 / 13.596)*(13.596 / 24.2325)*(24.2325 / 15.9305)
=Net Margin %*Asset Turnover*Equity Multiplier
=12.06 %*0.5611*1.5211
=ROA %*Equity Multiplier
=6.77 %*1.5211
=10.29 %

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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=1.64/15.9305
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1.64 / 1.64) * (1.64 / 1.838) * (1.838 / 13.596) * (13.596 / 24.2325) * (24.2325 / 15.9305)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.8923 * 13.52 % * 0.5611 * 1.5211
=10.29 %

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.


Nokian Panimo Oyj ROE % Related Terms


Nokian Panimo Oyj ROE % Historical Data

* Premium members only.

The historical data trend for Nokian Panimo Oyj'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.

Nokian Panimo Oyj ROE % Chart

Nokian Panimo Oyj Annual Data
Trend Dec23 Dec24 Dec25
ROE %
14.24 18.74 -0.61

Nokian Panimo Oyj Semi-Annual Data
Dec23 Jun24 Dec24 Jun25 Dec25
ROE % 0.00 24.10 14.23 -16.21 10.29

OHEL:BEER vs BUD, STZ, TAP: ROE % Comparison

For the Beverages - Brewers subindustry, Nokian Panimo Oyj'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.


Nokian Panimo Oyj ROE % vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Nokian Panimo Oyj's ROE % distribution charts can be found below:

* The bar in red indicates where Nokian Panimo Oyj's ROE % falls into.


OHEL:BEER
18GF Score
Nokian Panimo Oyj OHEL:BEER
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nokian Panimo Oyj ROE % Calculation

Nokian Panimo Oyj's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-0.069/( (6.411+16.341)/ 2 )
=-0.069/11.376
=-0.61 %

Nokian Panimo Oyj's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=1.64/( (15.52+16.341)/ 2 )
=1.64/15.9305
=10.29 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 10.29% mean?
Nokian Panimo Oyj (OHEL:BEER) has a ROE % of 10.29% 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 Nokian Panimo Oyj and its competitors. This is 28% below median its historical median of 14.24. According to the industry distribution chart, Nokian Panimo Oyj ranks #151 out of 206 companies in the Beverages - Alcoholic industry, placing it in the top 73.3%.
Is Nokian Panimo Oyj's ROE % too high?
Nokian Panimo Oyj's current ROE % of 10.29% is 28% below median its 10-year median of 14.24. The Beverages - Alcoholic industry median ROE % is 5.24. Nokian Panimo Oyj's value of 10.29% is 96.6% above this industry median. Based on the distribution chart, Nokian Panimo Oyj ranks #151 out of 206 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Nokian Panimo Oyj has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Nokian Panimo Oyj's ROE % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Nokian Panimo Oyj ranks #151 out of 206 companies for ROE %. This places Nokian Panimo Oyj in the lower half of its industry. The industry median ROE % is 5.24. Nokian Panimo Oyj's value of 10.29% is 96.6% above this benchmark. While the company's 10-year median is 14.24 vs. the industry median of 5.24, Nokian Panimo Oyj 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 5.24, based on 206 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. Nokian Panimo Oyj's current ROE % of 10.29% is 96.6% 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 Nokian Panimo Oyj and its competitors. For the Beverages - Alcoholic industry, the median ROE % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokian Panimo Oyj's current ROE % is 10.29%, which is 28% below median its own 10-year median of 14.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokian Panimo Oyj stock overvalued right now?
Nokian Panimo Oyj (OHEL:BEER) has a current ROE % of 10.29%. The current ROE % is 10.29%, which is 28% below median its 10-year median of 14.24 and 96.6% above the Beverages - Alcoholic industry median of 5.24. Nokian Panimo Oyj's overall GF Score™ is 18/100 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 Nokian Panimo Oyj (OHEL:BEER), the current ROE % is 10.29% 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.

Nokian Panimo Oyj Business Description

Address Nuijamiestentie 17, Nokia, FIN, 37120
Nokian Panimo Oyj is a microbrewery company in Finland. The company's products include several different types of beer, such as lagers, ales and specialty beers, as well as other alcoholic and non-alcoholic beverages. In terms of soft drinks, Nokian Panimo offers around 15 different flavours under the Sun and Hometown Lemonades brands. The company also has non-alcoholic cocktails, or mocktails, in a few different flavors.
18GF Score

Get the complete analysis for OHEL:BEER

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

€2.60
Price