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Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Casey's General Stores Price-to-Tangible-Book Related Terms
Casey's General Stores Price-to-Tangible-Book Historical Data
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The historical data trend for Casey's General Stores's Price-to-Tangible-Book 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.
Casey's General Stores Price-to-Tangible-Book Chart
FRA:CS2 vs WSM, ULTA, TSCO: Price-to-Tangible-Book Comparison
For the Specialty Retail subindustry, Casey's General Stores's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Casey's General Stores Price-to-Tangible-Book vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Casey's General Stores's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Casey's General Stores (FRA:CS2) has a Price-to-Tangible-Book of 8.12 as of Sep. 13, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Casey's General Stores and its competitors. According to the industry distribution chart, Casey's General Stores ranks #878 out of 989 companies in the Retail - Cyclical industry, placing it in the top 88.8%.
Is Casey's General Stores' Price-to-Tangible-Book too high?
Casey's General Stores' current Price-to-Tangible-Book is 8.12. The Retail - Cyclical industry median Price-to-Tangible-Book is 1.72. Casey's General Stores' value of 8.12 is 372.1% above this industry median. Based on the distribution chart, Casey's General Stores ranks #878 out of 989 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Casey's General Stores has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Casey's General Stores' Price-to-Tangible-Book compare to WSM and ULTA?
According to the Retail - Cyclical industry distribution chart, Casey's General Stores ranks #878 out of 989 companies for Price-to-Tangible-Book. This places Casey's General Stores in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.72. Casey's General Stores' value of 8.12 is 372.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Retail - Cyclical company?
The median Price-to-Tangible-Book among Retail - Cyclical companies is 1.72, based on 989 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Casey's General Stores's current Price-to-Tangible-Book of 8.12 is 372.1% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Casey's General Stores and its competitors. For the Retail - Cyclical industry, the median Price-to-Tangible-Book is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Casey's General Stores's current Price-to-Tangible-Book is 8.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casey's General Stores stock overvalued right now?
Based on GuruFocus' analysis, Casey's General Stores (FRA:CS2) is currently considered Modestly Overvalued. The stock's GF Value™ is €470.93, compared to a current price of €539.60 — trading 14.6% above its estimated fair value. The current Price-to-Tangible-Book is 8.12 and 372.1% above the Retail - Cyclical industry median of 1.72. Casey's General Stores' overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Casey's General Stores (FRA:CS2), the current Price-to-Tangible-Book is 8.12 as of Sep. 13, 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 Casey's General Stores (FRA:CS2) Overvalued in 2026?
Based on GuruFocus' analysis, Casey's General Stores stock appears to be overvalued.
The current stock price of €539.60 is trading 14.6% above its estimated GF Value™ of €470.93.
GuruFocus considers Casey's General Stores to be Modestly Overvalued.
Key valuation signals for FRA:CS2:
Price-to-Tangible-Book: 8.12
GF Value™: €470.93 vs. price of €539.60 (14.6% above fair value)
Industry Position: 372.1% above the Retail - Cyclical median (#878 of 989)
No single metric tells the full story. See the FRA:CS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Casey's General Stores Inc serves as convenience store chain with its 2,900 locations, positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two-thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates the majority of its warehousing and distribution processes internally.
86GF Score
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