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Cavco IndustriesCVCO +1.63%97 Return-on-Tangible-Asset is 13.64% as of Mar. 2026, which is 12% above its 10-year median of 12.23. GuruFocus rates CVCO with a GF Score™ of 97/100 and a GF Value™ of $537.39 (Fairly Valued). The stock has 1 warning sign investors should review. Among 95 Homebuilding & Construction companies, Cavco Industries ranks better than 95.79% 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. Cavco Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was $170 Mil. Cavco Industries's average total tangible assets for the quarter that ended in Mar. 2026 was $1,245 Mil. Therefore, Cavco Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.64%.
The historical rank and industry rank for Cavco Industries's Return-on-Tangible-Asset or its related term are showing as below:
CVCO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.59 Med: 12.23 Max: 21.98
Current: 15
During the past 13 years, Cavco Industries's highest Return-on-Tangible-Asset was 21.98%. The lowest was 7.59%. And the median was 12.23%.
CVCO's Return-on-Tangible-Asset is ranked better than 95.79% of 95
companies
in the Homebuilding & Construction industry
Industry Median: 3.44
vs CVCO: 15.00
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.
Cavco Industries Return-on-Tangible-Asset Related Terms
Cavco Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Cavco Industries'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.
CVCO vs SKY, MTH, MHO: Return-on-Tangible-Asset Comparison
For the Residential Construction subindustry, Cavco Industries'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.
Cavco Industries Return-on-Tangible-Asset vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cavco Industries'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 13.64% mean?
Cavco Industries (CVCO) has a Return-on-Tangible-Asset of 13.64% 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 Cavco Industries and its competitors. This is 12% above median its historical median of 12.23. Over the past decade, Cavco Industries' Return-on-Tangible-Asset has ranged from 7.59 to 21.98. According to the industry distribution chart, Cavco Industries ranks #4 out of 95 companies in the Homebuilding & Construction industry, placing it in the top 4.2%.
Is Cavco Industries' Return-on-Tangible-Asset too high?
Cavco Industries' current Return-on-Tangible-Asset of 13.64% is 12% above median its 10-year median of 12.23. Over the past 10 years, this metric has ranged from a low of 7.59 to a high of 21.98. The Homebuilding & Construction industry median Return-on-Tangible-Asset is 3.44. Cavco Industries' value of 13.64% is 296.5% above this industry median. Based on the distribution chart, Cavco Industries ranks #4 out of 95 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Cavco Industries has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cavco Industries' Return-on-Tangible-Asset compare to SKY and MTH?
According to the Homebuilding & Construction industry distribution chart, Cavco Industries ranks #4 out of 95 companies for Return-on-Tangible-Asset. This places Cavco Industries in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.44. Cavco Industries' value of 13.64% is 296.5% above this benchmark. Historically, Cavco Industries' own Return-on-Tangible-Asset has ranged from 7.59 to 21.98 over the past decade. While the company's 10-year median is 12.23 vs. the industry median of 3.44, Cavco Industries 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 Homebuilding & Construction company?
The median Return-on-Tangible-Asset among Homebuilding & Construction companies is 3.44, based on 95 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. Cavco Industries's current Return-on-Tangible-Asset of 13.64% is 296.5% 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 Cavco Industries and its competitors. For the Homebuilding & Construction industry, the median Return-on-Tangible-Asset is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cavco Industries's current Return-on-Tangible-Asset is 13.64%, which is 12% above median its own 10-year median of 12.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cavco Industries stock overvalued right now?
Based on GuruFocus' analysis, Cavco Industries (CVCO) is currently considered Fairly Valued. The stock's GF Value™ is $537.39, compared to a current price of $579.05 — trading 7.8% above its estimated fair value. The current Return-on-Tangible-Asset is 13.64%, which is 12% above median its 10-year median of 12.23 and 296.5% above the Homebuilding & Construction industry median of 3.44. Cavco Industries' overall GF Score™ is 97/100 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 Cavco Industries (CVCO), the current Return-on-Tangible-Asset is 13.64% 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 Cavco Industries (CVCO) Overvalued in 2026?
Based on GuruFocus' analysis, Cavco Industries stock appears to be overvalued.
The current stock price of $579.05 is trading 7.8% above its estimated GF Value™ of $537.39.
GuruFocus considers Cavco Industries to be Fairly Valued.
Key valuation signals for CVCO:
Return-on-Tangible-Asset: 13.64% (12% above median its 10-year median of 12.23)
GF Value™: $537.39 vs. price of $579.05 (7.8% above fair value)
Industry Position: 296.5% above the Homebuilding & Construction median (#4 of 95)
No single metric tells the full story. See the CVCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cavco Industries Inc designs and produces factory-built homes distributed through a network of independent and company-owned retailers, planned community operators and residential developers. It is also a producer of park model RVs, vacation cabins and Factory-built commercial structures. It operates principally in two segments: factory-built housing, which includes wholesale and retail factory-built housing operations and Financial services, which include manufactured housing consumer finance and insurance. The factory-built housing segment generates the majority of revenue from building and selling manufactured and modular homes to both wholesale customers and end consumers through company owned retail stores.
97GF Score
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