StarbucksSBUX -2.07%81 Return-on-Tangible-Asset is 6.83% as of Mar. 2026, which is 58% below its 10-year median of 16.13. GuruFocus rates SBUX with a GF Score™ of 81/100 and a GF Value™ of $98.64 (Fairly Valued). The stock has 8 warning signs investors should review. Among 362 Restaurants companies, Starbucks ranks better than 66.85% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Starbucks's annualizedNet Income for the quarter that ended in Mar. 2026 was $2,044 Mil. Starbucks's average total tangible assets for the quarter that ended in Mar. 2026 was $29,918 Mil. Therefore, Starbucks's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.83%.
The historical rank and industry rank for Starbucks's Return-on-Tangible-Asset or its related term are showing as below:
SBUX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.62 Med: 16.13 Max: 28.28
Current: 5.1
During the past 13 years, Starbucks's highest Return-on-Tangible-Asset was 28.28%. The lowest was 4.62%. And the median was 16.13%.
SBUX's Return-on-Tangible-Asset is ranked better than 66.85% of 362
companies
in the Restaurants industry
Industry Median: 2.39
vs SBUX: 5.10
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Starbucks Return-on-Tangible-Asset Related Terms
Starbucks Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Starbucks's Return-on-Tangible-Asset 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.
SBUX vs MCD, YUM, CMG: Return-on-Tangible-Asset Comparison
For the Restaurants subindustry, Starbucks's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Starbucks Return-on-Tangible-Asset vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Starbucks's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Starbucks's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets 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.
What does a Return-on-Tangible-Asset of 6.83% mean?
Starbucks (SBUX) has a Return-on-Tangible-Asset of 6.83% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Starbucks and its competitors. This is 58% below median its historical median of 16.13. Over the past decade, Starbucks' Return-on-Tangible-Asset has ranged from 4.62 to 28.28. According to the industry distribution chart, Starbucks ranks #120 out of 362 companies in the Restaurants industry, placing it in the top 33.1%.
Is Starbucks' Return-on-Tangible-Asset too high?
Starbucks' current Return-on-Tangible-Asset of 6.83% is 58% below median its 10-year median of 16.13. Over the past 10 years, this metric has ranged from a low of 4.62 to a high of 28.28. The Restaurants industry median Return-on-Tangible-Asset is 2.39. Starbucks' value of 6.83% is 185.8% above this industry median. Based on the distribution chart, Starbucks ranks #120 out of 362 companies in the Restaurants industry, which is above the industry midpoint. Overall, Starbucks has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Starbucks' Return-on-Tangible-Asset compare to MCD and YUM?
According to the Restaurants industry distribution chart, Starbucks ranks #120 out of 362 companies for Return-on-Tangible-Asset. This puts Starbucks in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.39. Starbucks' value of 6.83% is 185.8% above this benchmark. Historically, Starbucks' own Return-on-Tangible-Asset has ranged from 4.62 to 28.28 over the past decade. While the company's 10-year median is 16.13 vs. the industry median of 2.39, Starbucks 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 Return-on-Tangible-Asset for a Restaurants company?
The median Return-on-Tangible-Asset among Restaurants companies is 2.39, based on 362 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Starbucks's current Return-on-Tangible-Asset of 6.83% is 185.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Starbucks and its competitors. For the Restaurants industry, the median Return-on-Tangible-Asset is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starbucks's current Return-on-Tangible-Asset is 6.83%, which is 58% below median its own 10-year median of 16.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starbucks stock overvalued right now?
Based on GuruFocus' analysis, Starbucks (SBUX) is currently considered Fairly Valued. The stock's GF Value™ is $98.64, compared to a current price of $102.11 — trading 3.5% above its estimated fair value. The current Return-on-Tangible-Asset is 6.83%, which is 58% below median its 10-year median of 16.13 and 185.8% above the Restaurants industry median of 2.39. Starbucks' overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Starbucks (SBUX), the current Return-on-Tangible-Asset is 6.83% 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 Starbucks (SBUX) Overvalued in 2026?
Based on GuruFocus' analysis, Starbucks stock appears to be overvalued.
The current stock price of $102.11 is trading 3.5% above its estimated GF Value™ of $98.64.
GuruFocus considers Starbucks to be Fairly Valued.
Key valuation signals for SBUX:
Return-on-Tangible-Asset: 6.83% (58% below median its 10-year median of 16.13)
GF Value™: $98.64 vs. price of $102.11 (3.5% above fair value)
Industry Position: 185.8% above the Restaurants median (#120 of 362)
No single metric tells the full story. See the SBUX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starbucks stands out as the world's biggest and most recognizable coffee brand, powered by ultracustomizable beverages in-store and a sweeping footprint of nearly 41,000 cafes in over 80 countries. About 52% are company-operated, with the balance run by licensees. The company operates roasteries and sells across its North America (74% of revenue as of the end of fiscal 2025), international (21%), and channel development (5%) segments. The brand collects revenue from company-operated stores, licensee royalties, equipment and product sales, retail ready-to-drink beverages, and packaged coffee.
81GF Score
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