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Boyd GamingBYD -0.27%87 Return-on-Tangible-Asset is 12.52% as of Jun. 2026, which is 4% below its 10-year median of 12.98. GuruFocus rates BYD with a GF Score™ of 87/100 and a GF Value™ of $90.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 857 Travel & Leisure companies, Boyd Gaming ranks better than 98.83% 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. Boyd Gaming's annualizedNet Income for the quarter that ended in Jun. 2026 was $525 Mil. Boyd Gaming's average total tangible assets for the quarter that ended in Jun. 2026 was $4,194 Mil. Therefore, Boyd Gaming's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 12.52%.
The historical rank and industry rank for Boyd Gaming's Return-on-Tangible-Asset or its related term are showing as below:
BYD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.24 Med: 12.98 Max: 45.04
Current: 43.43
During the past 13 years, Boyd Gaming's highest Return-on-Tangible-Asset was 45.04%. The lowest was -3.24%. And the median was 12.98%.
BYD's Return-on-Tangible-Asset is ranked better than 98.83% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.83
vs BYD: 43.43
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.
Boyd Gaming Return-on-Tangible-Asset Related Terms
Boyd Gaming Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Boyd Gaming'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.
BYD vs CZR, MTN, HGV: Return-on-Tangible-Asset Comparison
For the Resorts & Casinos subindustry, Boyd Gaming'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.
Boyd Gaming Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Boyd Gaming'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 12.52% mean?
Boyd Gaming (BYD) has a Return-on-Tangible-Asset of 12.52% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Boyd Gaming and its competitors. This is near median its historical median of 12.98. According to the industry distribution chart, Boyd Gaming ranks #10 out of 857 companies in the Travel & Leisure industry, placing it in the top 1.2%.
Is Boyd Gaming's Return-on-Tangible-Asset too high?
Boyd Gaming's current Return-on-Tangible-Asset of 12.52% is near median its 10-year median of 12.98. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.83. Boyd Gaming's value of 12.52% is 342.4% above this industry median. Based on the distribution chart, Boyd Gaming ranks #10 out of 857 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's Return-on-Tangible-Asset compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #10 out of 857 companies for Return-on-Tangible-Asset. This places Boyd Gaming in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.83. Boyd Gaming's value of 12.52% is 342.4% above this benchmark. While the company's 10-year median is 12.98 vs. the industry median of 2.83, Boyd Gaming 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.83, based on 857 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. Boyd Gaming's current Return-on-Tangible-Asset of 12.52% is 342.4% 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 Boyd Gaming and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current Return-on-Tangible-Asset is 12.52%, which is near median its own 10-year median of 12.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Fairly Valued. The stock's GF Value™ is $90.86, compared to a current price of $84.83 — trading 6.6% below its estimated fair value. The current Return-on-Tangible-Asset is 12.52%, which is near median its 10-year median of 12.98 and 342.4% above the Travel & Leisure industry median of 2.83. Boyd Gaming's overall GF Score™ is 87/100 with 5 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 Boyd Gaming (BYD), the current Return-on-Tangible-Asset is 12.52% as of Jun. 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 Boyd Gaming (BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of $84.83 is trading 6.6% below its estimated GF Value™ of $90.86.
GuruFocus considers Boyd Gaming to be Fairly Valued.
Key valuation signals for BYD:
Return-on-Tangible-Asset: 12.52% (near median its 10-year median of 12.98)
GF Value™: $90.86 vs. price of $84.83 (6.6% below fair value)
Industry Position: 342.4% above the Travel & Leisure median (#10 of 857)
No single metric tells the full story. See the BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score
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