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Conagra BrandsCAG -1.31%58 Return-on-Tangible-Asset is -88.51% as of May. 2026. GuruFocus rates CAG with a GF Score™ of 58/100 and a GF Value™ of $24.84 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,996 Consumer Packaged Goods companies, Conagra Brands ranks worse than 93.49% 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. Conagra Brands's annualizedNet Income for the quarter that ended in May. 2026 was $-6,468 Mil. Conagra Brands's average total tangible assets for the quarter that ended in May. 2026 was $7,307 Mil. Therefore, Conagra Brands's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was -88.51%.
The historical rank and industry rank for Conagra Brands's Return-on-Tangible-Asset or its related term are showing as below:
CAG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.99 Med: 12.6 Max: 19.43
Current: -24.89
During the past 13 years, Conagra Brands's highest Return-on-Tangible-Asset was 19.43%. The lowest was -24.99%. And the median was 12.60%.
CAG's Return-on-Tangible-Asset is ranked worse than 93.49% of 1996
companies
in the Consumer Packaged Goods industry
Industry Median: 3.395
vs CAG: -24.89
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.
Conagra Brands Return-on-Tangible-Asset Related Terms
Conagra Brands Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Conagra Brands'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.
CAG vs CPB, PPC, LW: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Conagra Brands'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.
Conagra Brands Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Conagra Brands'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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of -88.51% mean?
Conagra Brands (CAG) has a Return-on-Tangible-Asset of -88.51% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Conagra Brands and its competitors. According to the industry distribution chart, Conagra Brands ranks #1866 out of 1996 companies in the Consumer Packaged Goods industry, placing it in the top 93.5%.
Is Conagra Brands' Return-on-Tangible-Asset too high?
Conagra Brands' current Return-on-Tangible-Asset is -88.51%. Based on the distribution chart, Conagra Brands ranks #1866 out of 1996 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Conagra Brands has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Conagra Brands' Return-on-Tangible-Asset compare to CPB and PPC?
According to the Consumer Packaged Goods industry distribution chart, Conagra Brands ranks #1866 out of 1996 companies for Return-on-Tangible-Asset. This places Conagra Brands in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.40. 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.40, based on 1,996 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. 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 Conagra Brands and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Conagra Brands's current Return-on-Tangible-Asset is -88.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conagra Brands stock overvalued right now?
Based on GuruFocus' analysis, Conagra Brands (CAG) is currently considered Possible Value Trap. The stock's GF Value™ is $24.84, compared to a current price of $14.28 — trading 42.5% below its estimated fair value. The current Return-on-Tangible-Asset is -88.51%. Conagra Brands' overall GF Score™ is 58/100 with 6 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 Conagra Brands (CAG), the current Return-on-Tangible-Asset is -88.51% as of May. 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 Conagra Brands (CAG) Overvalued in 2026?
Based on GuruFocus' analysis, Conagra Brands stock appears to be undervalued.
The current stock price of $14.28 is trading 42.5% below its estimated GF Value™ of $24.84.
GuruFocus considers Conagra Brands to be Possible Value Trap.
Key valuation signals for CAG:
Return-on-Tangible-Asset: -88.51%
GF Value™: $24.84 vs. price of $14.28 (42.5% below fair value)
No single metric tells the full story. See the CAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Conagra Brands is a packaged food company that operates predominantly in the United States (91% of fiscal 2025 revenue). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, and Wish-Bone. The company primarily sells through the US retail channel, with just 9% of fiscal 2025 revenue coming from international markets and 9% from foodservice.
58GF Score
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