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.
Coka duvanska industrija a.d ROE % Related Terms
Coka duvanska industrija a.d ROE % Historical Data
* 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 Tobacco subindustry, Coka duvanska industrija a.d'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.
Coka duvanska industrija a.d ROE % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Coka duvanska industrija a.d's ROE % distribution charts can be found below:
* The bar in red indicates where Coka duvanska industrija a.d'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.
Coka duvanska industrija a.d (XBEL:COKA) has a ROE % of -11.95% 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 Coka duvanska industrija a.d and its competitors. Over the past decade, Coka duvanska industrija a.d's ROE % has ranged from 0.30 to 26.82. According to the industry distribution chart, Coka duvanska industrija a.d ranks #37 out of 45 companies in the Tobacco Products industry, placing it in the top 82.2%.
Is Coka duvanska industrija a.d's ROE % too high?
Coka duvanska industrija a.d's current ROE % is -11.95%. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 26.82. Based on the distribution chart, Coka duvanska industrija a.d ranks #37 out of 45 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Coka duvanska industrija a.d has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coka duvanska industrija a.d's ROE % compare to PM and MO?
According to the Tobacco Products industry distribution chart, Coka duvanska industrija a.d ranks #37 out of 45 companies for ROE %. This places Coka duvanska industrija a.d in the lower half of its industry. The industry median ROE % is 16.13. Historically, Coka duvanska industrija a.d's own ROE % has ranged from 0.30 to 26.82 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 Tobacco Products company?
The median ROE % among Tobacco Products companies is 16.13, based on 45 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 Coka duvanska industrija a.d and its competitors. For the Tobacco Products industry, the median ROE % is 16.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coka duvanska industrija a.d's current ROE % is -11.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coka duvanska industrija a.d stock overvalued right now?
Based on GuruFocus' analysis, Coka duvanska industrija a.d (XBEL:COKA) is currently considered Fairly Valued. The stock's GF Value™ is RSD9,059.53, compared to a current price of RSD8,900.00 — trading 1.8% below its estimated fair value. The current ROE % is -11.95%. Coka duvanska industrija a.d's overall GF Score™ is 66/100 with 7 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 Coka duvanska industrija a.d (XBEL:COKA), the current ROE % is -11.95% 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 Coka duvanska industrija a.d (XBEL:COKA) Overvalued in 2026?
Based on GuruFocus' analysis, Coka duvanska industrija a.d stock appears to be undervalued.
The current stock price of RSD8,900.00 is trading 1.8% below its estimated GF Value™ of RSD9,059.53.
GuruFocus considers Coka duvanska industrija a.d to be Fairly Valued.
Key valuation signals for XBEL:COKA:
ROE %: -11.95%
GF Value™: RSD9,059.53 vs. price of RSD8,900.00 (1.8% below fair value)
No single metric tells the full story. See the XBEL:COKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coka duvanska industrija a.d is a Serbia based company. It is engaged in the production and processing of raw tobacco. it is also engaged in the wholesale and retail trade of tobacco products.
66GF Score
Get the complete analysis for XBEL:COKA
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
XBEL:COKA has been successfully added to your 
