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.
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.
Bulgarian River Shipping AD (XBUL:BRP) 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.
* 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 Marine Shipping subindustry, Bulgarian River Shipping AD'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.
Bulgarian River Shipping AD ROE % vs Transportation Industry
For the Transportation industry and Industrials sector, Bulgarian River Shipping AD's ROE % distribution charts can be found below:
* The bar in red indicates where Bulgarian River Shipping AD'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.
Bulgarian River Shipping AD (XBUL:BRP) has a ROE % of 3.75% 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 Bulgarian River Shipping AD and its competitors. According to the industry distribution chart, Bulgarian River Shipping AD ranks #810 out of 985 companies in the Transportation industry, placing it in the top 82.2%.
Is Bulgarian River Shipping AD's ROE % too high?
Bulgarian River Shipping AD's current ROE % is 3.75%. The Transportation industry median ROE % is 7.51. Bulgarian River Shipping AD's value of 3.75% is 50.1% below this industry median. Based on the distribution chart, Bulgarian River Shipping AD ranks #810 out of 985 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Bulgarian River Shipping AD has a GF Score™ of 21/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bulgarian River Shipping AD's ROE % compare to KEX?
According to the Transportation industry distribution chart, Bulgarian River Shipping AD ranks #810 out of 985 companies for ROE %. This places Bulgarian River Shipping AD in the lower half of its industry. The industry median ROE % is 7.51. Bulgarian River Shipping AD's value of 3.75% is 50.1% below 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 Transportation company?
The median ROE % among Transportation companies is 7.51, based on 985 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. Bulgarian River Shipping AD's current ROE % of 3.75% is 50.1% below 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 Bulgarian River Shipping AD and its competitors. For the Transportation industry, the median ROE % is 7.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian River Shipping AD's current ROE % is 3.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian River Shipping AD stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian River Shipping AD (XBUL:BRP) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.46, compared to a current price of €0.32 — trading 30.9% below its estimated fair value. The current ROE % is 3.75% and 50.1% below the Transportation industry median of 7.51. Bulgarian River Shipping AD's overall GF Score™ is 21/100 with 3 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 Bulgarian River Shipping AD (XBUL:BRP), the current ROE % is 3.75% 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 Bulgarian River Shipping AD (XBUL:BRP) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian River Shipping AD stock appears to be undervalued.
The current stock price of €0.32 is trading 30.9% below its estimated GF Value™ of €0.46.
GuruFocus considers Bulgarian River Shipping AD to be Significantly Undervalued.
Key valuation signals for XBUL:BRP:
ROE %: 3.75%
GF Value™: €0.46 vs. price of €0.32 (30.9% below fair value)
Industry Position: 50.1% below the Transportation median (#810 of 985)
No single metric tells the full story. See the XBUL:BRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian River Shipping AD operates in the transportation industry. The company provides ferry services for passengers, transport of mass and general cargos, transport non-dangerous goods and fuels, and transport of large-scale and concentrated loads.
21GF Score
Get the complete analysis for XBUL:BRP
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
XBUL:BRP has been successfully added to your 
