Casey's General StoresCASY +1.71%84 Return-on-Tangible-Asset is 8.68% as of Apr. 2026, which is 6% above its 10-year median of 8.19. GuruFocus rates CASY with a GF Score™ of 84/100 and a GF Value™ of $483.08 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,128 Retail - Cyclical companies, Casey's General Stores ranks better than 81.29% 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. Casey's General Stores's annualizedNet Income for the quarter that ended in Apr. 2026 was $651 Mil. Casey's General Stores's average total tangible assets for the quarter that ended in Apr. 2026 was $7,493 Mil. Therefore, Casey's General Stores's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 8.68%.
The historical rank and industry rank for Casey's General Stores's Return-on-Tangible-Asset or its related term are showing as below:
CASY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.91 Med: 8.19 Max: 10.23
Current: 9.82
During the past 13 years, Casey's General Stores's highest Return-on-Tangible-Asset was 10.23%. The lowest was 5.91%. And the median was 8.19%.
CASY's Return-on-Tangible-Asset is ranked better than 81.29% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 2.93
vs CASY: 9.82
Casey's General Stores (NAS:CASY) Return-on-Tangible-Asset Explanation
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.
Casey's General Stores Return-on-Tangible-Asset Related Terms
Casey's General Stores Return-on-Tangible-Asset Historical Data
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The historical data trend for Casey's General Stores'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.
Casey's General Stores Return-on-Tangible-Asset Chart
CASY vs WSM, DKS, ULTA: Return-on-Tangible-Asset Comparison
For the Specialty Retail subindustry, Casey's General Stores'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.
Casey's General Stores Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Casey's General Stores'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.68% mean?
Casey's General Stores (CASY) has a Return-on-Tangible-Asset of 8.68% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Casey's General Stores and its competitors. This is near median its historical median of 8.19. Over the past decade, Casey's General Stores' Return-on-Tangible-Asset has ranged from 5.91 to 10.23. According to the industry distribution chart, Casey's General Stores ranks #211 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 18.7%.
Is Casey's General Stores' Return-on-Tangible-Asset too high?
Casey's General Stores' current Return-on-Tangible-Asset of 8.68% is near median its 10-year median of 8.19. Over the past 10 years, this metric has ranged from a low of 5.91 to a high of 10.23. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.93. Casey's General Stores' value of 8.68% is 196.2% above this industry median. Based on the distribution chart, Casey's General Stores ranks #211 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Casey's General Stores has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Casey's General Stores' Return-on-Tangible-Asset compare to WSM and DKS?
According to the Retail - Cyclical industry distribution chart, Casey's General Stores ranks #211 out of 1128 companies for Return-on-Tangible-Asset. This places Casey's General Stores in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.93. Casey's General Stores' value of 8.68% is 196.2% above this benchmark. Historically, Casey's General Stores' own Return-on-Tangible-Asset has ranged from 5.91 to 10.23 over the past decade. While the company's 10-year median is 8.19 vs. the industry median of 2.93, Casey's General Stores 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.93, based on 1,128 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. Casey's General Stores's current Return-on-Tangible-Asset of 8.68% is 196.2% 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 Casey's General Stores and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Casey's General Stores's current Return-on-Tangible-Asset is 8.68%, which is near median its own 10-year median of 8.19. 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 (CASY) is currently considered Significantly Overvalued. The stock's GF Value™ is $483.08, compared to a current price of $797.12 — trading 65% above its estimated fair value. The current Return-on-Tangible-Asset is 8.68%, which is near median its 10-year median of 8.19 and 196.2% above the Retail - Cyclical industry median of 2.93. Casey's General Stores' overall GF Score™ is 84/100 with 1 warning sign 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 Casey's General Stores (CASY), the current Return-on-Tangible-Asset is 8.68% as of Apr. 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 (CASY) Overvalued in 2026?
Based on GuruFocus' analysis, Casey's General Stores stock appears to be overvalued.
The current stock price of $797.12 is trading 65% above its estimated GF Value™ of $483.08.
GuruFocus considers Casey's General Stores to be Significantly Overvalued.
Key valuation signals for CASY:
Return-on-Tangible-Asset: 8.68% (near median its 10-year median of 8.19)
GF Value™: $483.08 vs. price of $797.12 (65% above fair value)
Industry Position: 196.2% above the Retail - Cyclical median (#211 of 1128)
No single metric tells the full story. See the CASY 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.
84GF Score
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