ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Billerud AB's annualized net income for the quarter that ended in Mar. 2026 was €-81 Mil. Billerud AB's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €2,565 Mil. Therefore, Billerud AB's annualized ROE % for the quarter that ended in Mar. 2026 was -3.17%.
The historical rank and industry rank for Billerud AB's ROE % or its related term are showing as below:
STU:BNF'
s ROE % Range Over the Past 10 Years
Min: 0.28 Med: 7.46 Max: 39.74
Current: 0.28
During the past 13 years, Billerud AB's highest ROE % was 39.74%. The lowest was 0.28%. And the median was 7.46%.
STU:BNF's ROE % is ranked worse than 60.36% of 280
companies
in the Forest Products industry
Industry Median: 2.07
vs STU:BNF: 0.28
Billerud AB (STU:BNF) 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 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.
Billerud AB ROE % Related Terms
Billerud AB ROE % Historical Data
* Premium members only.
The historical data trend for Billerud AB'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 Paper & Paper Products subindustry, Billerud AB'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.
Billerud AB ROE % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Billerud AB's ROE % distribution charts can be found below:
* The bar in red indicates where Billerud AB'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Billerud AB (STU:BNF) has a ROE % of -3.17% 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 Billerud AB and its competitors. Over the past decade, Billerud AB's ROE % has ranged from 0.28 to 39.74. According to the industry distribution chart, Billerud AB ranks #169 out of 280 companies in the Forest Products industry, placing it in the top 60.4%.
Is Billerud AB's ROE % too high?
Billerud AB's current ROE % is -3.17%. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 39.74. Based on the distribution chart, Billerud AB ranks #169 out of 280 companies in the Forest Products industry, which is below the industry midpoint. Overall, Billerud AB has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Billerud AB's ROE % compare to SLVM?
According to the Forest Products industry distribution chart, Billerud AB ranks #169 out of 280 companies for ROE %. This places Billerud AB in the lower half of its industry. The industry median ROE % is 2.07. Historically, Billerud AB's own ROE % has ranged from 0.28 to 39.74 over the past decade. 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 Forest Products company?
The median ROE % among Forest Products companies is 2.07, based on 280 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. 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 Billerud AB and its competitors. For the Forest Products industry, the median ROE % is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Billerud AB's current ROE % is -3.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billerud AB stock overvalued right now?
Based on GuruFocus' analysis, Billerud AB (STU:BNF) is currently considered Modestly Undervalued. The stock's GF Value™ is €7.82, compared to a current price of €5.71 — trading 27% below its estimated fair value. The current ROE % is -3.17%. Billerud AB's overall GF Score™ is 64/100 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 Billerud AB (STU:BNF), the current ROE % is -3.17% 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 Billerud AB (STU:BNF) Overvalued in 2026?
Based on GuruFocus' analysis, Billerud AB stock appears to be undervalued.
The current stock price of €5.71 is trading 27% below its estimated GF Value™ of €7.82.
GuruFocus considers Billerud AB to be Modestly Undervalued.
Key valuation signals for STU:BNF:
ROE %: -3.17%
GF Value™: €7.82 vs. price of €5.71 (27% below fair value)
No single metric tells the full story. See the STU:BNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Billerud AB produces a variety of packaging, paper, and board products. Its product offerings include Cartonboard, Sack Paper, Coated sheets, Web papers, Hardwood Pulp, and Containerboard, among others. The company has has three operating segments: Region Europe, Region North America and Other. The majority of revenue is derived from the Region Europe segment.
64GF Score
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