Tractor Supply CoLTS:0REL +4.14%82 PB Ratio is 6.45 as of Jul. 12, 2026, which is 37% below its 10-year median of 10.28. GuruFocus rates LTS:0REL with a GF Score™ of 82/100 and a GF Value™ of €49.46 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,076 Retail - Cyclical companies, Tractor Supply Co ranks worse than 87.92% on this metric.
Tractor Supply Co stock PB Ratio (=6.36) is close to 5-year low of 6.23.
The historical rank and industry rank for Tractor Supply Co's PB Ratio or its related term are showing as below:
LTS:0REL'
s PB Ratio Range Over the Past 10 Years
Min: 4.7 Med: 10.28 Max: 14.8
Current: 6.36
During the past 13 years, Tractor Supply Co's highest PB Ratio was 14.80. The lowest was 4.70. And the median was 10.28.
LTS:0REL's PB Ratio is ranked worse than 87.92% of 1076
companies
in the Retail - Cyclical industry
Industry Median: 1.465
vs LTS:0REL: 6.36
During the past 12 months, Tractor Supply Co's average Book Value Per Share Growth Rate was 13.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tractor Supply Co was 74.60% per year. The lowest was 6.10% per year. And the median was 13.40% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Tractor Supply Co PB Ratio Related Terms
Tractor Supply Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Tractor Supply Co's PB Ratio 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 Specialty Retail subindustry, Tractor Supply Co's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Tractor Supply Co PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tractor Supply Co's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Tractor Supply Co (LTS:0REL) has a PB Ratio of 6.45 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tractor Supply Co and its competitors. This is 37% below median its historical median of 10.28. Over the past decade, Tractor Supply Co's PB Ratio has ranged from 4.70 to 14.80. According to the industry distribution chart, Tractor Supply Co ranks #946 out of 1076 companies in the Retail - Cyclical industry, placing it in the top 87.9%.
Is Tractor Supply Co's PB Ratio too high?
Tractor Supply Co's current PB Ratio of 6.45 is 37% below median its 10-year median of 10.28. Over the past 10 years, this metric has ranged from a low of 4.70 to a high of 14.80. The Retail - Cyclical industry median PB Ratio is 1.47. Tractor Supply Co's value of 6.45 is 340.3% above this industry median. Based on the distribution chart, Tractor Supply Co ranks #946 out of 1076 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Tractor Supply Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tractor Supply Co's PB Ratio compare to BBY and ULTA?
According to the Retail - Cyclical industry distribution chart, Tractor Supply Co ranks #946 out of 1076 companies for PB Ratio. This places Tractor Supply Co in the lower half of its industry. The industry median PB Ratio is 1.47. Tractor Supply Co's value of 6.45 is 340.3% above this benchmark. Historically, Tractor Supply Co's own PB Ratio has ranged from 4.70 to 14.80 over the past decade. While the company's 10-year median is 10.28 vs. the industry median of 1.47, Tractor Supply Co 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 PB Ratio for a Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.47, based on 1,076 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tractor Supply Co's current PB Ratio of 6.45 is 340.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tractor Supply Co and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tractor Supply Co's current PB Ratio is 6.45, which is 37% below median its own 10-year median of 10.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tractor Supply Co stock overvalued right now?
Based on GuruFocus' analysis, Tractor Supply Co (LTS:0REL) is currently considered Significantly Undervalued. The stock's GF Value™ is €49.46, compared to a current price of €26.69 — trading 46% below its estimated fair value. The current PB Ratio is 6.45, which is 37% below median its 10-year median of 10.28 and 340.3% above the Retail - Cyclical industry median of 1.47. Tractor Supply Co's overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Tractor Supply Co (LTS:0REL), the current PB Ratio is 6.45 as of Jul. 12, 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 Tractor Supply Co (LTS:0REL) Overvalued in 2026?
Based on GuruFocus' analysis, Tractor Supply Co stock appears to be undervalued.
The current stock price of €26.69 is trading 46% below its estimated GF Value™ of €49.46.
GuruFocus considers Tractor Supply Co to be Significantly Undervalued.
Key valuation signals for LTS:0REL:
PB Ratio: 6.45 (37% below median its 10-year median of 10.28)
GF Value™: €49.46 vs. price of €26.69 (46% below fair value)
Industry Position: 340.3% above the Retail - Cyclical median (#946 of 1076)
No single metric tells the full story. See the LTS:0REL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. As of March 2026, the company operated 2,435 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities rather than urban and suburban areas. In fiscal 2025, revenue consisted of livestock, equine & agriculture (around 27%); companion animal (24%); seasonal & recreation (around 24%); truck, tool, & hardware (15%); and clothing, gift, and décor (10%).
82GF Score
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