Duluth HoldingsDLTH -1.75%56 Return-on-Tangible-Asset is -10.33% as of Apr. 2026. GuruFocus rates DLTH with a GF Score™ of 56/100 and a GF Value™ of $3.09 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,127 Retail - Cyclical companies, Duluth Holdings ranks worse than 79.86% 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. Duluth Holdings's annualizedNet Income for the quarter that ended in Apr. 2026 was $-40.4 Mil. Duluth Holdings's average total tangible assets for the quarter that ended in Apr. 2026 was $391.2 Mil. Therefore, Duluth Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was -10.33%.
The historical rank and industry rank for Duluth Holdings's Return-on-Tangible-Asset or its related term are showing as below:
DLTH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.27 Med: 3.84 Max: 15.46
Current: -2.61
During the past 13 years, Duluth Holdings's highest Return-on-Tangible-Asset was 15.46%. The lowest was -9.27%. And the median was 3.84%.
DLTH's Return-on-Tangible-Asset is ranked worse than 79.86% of 1127
companies
in the Retail - Cyclical industry
Industry Median: 2.93
vs DLTH: -2.61
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.
Duluth Holdings Return-on-Tangible-Asset Related Terms
Duluth Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Duluth Holdings'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.
DLTH vs TLYS, CURV, AKA: Return-on-Tangible-Asset Comparison
For the Apparel Retail subindustry, Duluth Holdings'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.
Duluth Holdings Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Duluth Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Duluth Holdings'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 -10.33% mean?
Duluth Holdings (DLTH) has a Return-on-Tangible-Asset of -10.33% 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 Duluth Holdings and its competitors. According to the industry distribution chart, Duluth Holdings ranks #900 out of 1127 companies in the Retail - Cyclical industry, placing it in the top 79.9%.
Is Duluth Holdings' Return-on-Tangible-Asset too high?
Duluth Holdings' current Return-on-Tangible-Asset is -10.33%. Based on the distribution chart, Duluth Holdings ranks #900 out of 1127 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Duluth Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Duluth Holdings' Return-on-Tangible-Asset compare to TLYS and CURV?
According to the Retail - Cyclical industry distribution chart, Duluth Holdings ranks #900 out of 1127 companies for Return-on-Tangible-Asset. This places Duluth Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.93. 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 1,127 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 Duluth Holdings 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. Duluth Holdings's current Return-on-Tangible-Asset is -10.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duluth Holdings stock overvalued right now?
Based on GuruFocus' analysis, Duluth Holdings (DLTH) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.09, compared to a current price of $4.49 — trading 45.3% above its estimated fair value. The current Return-on-Tangible-Asset is -10.33%. Duluth Holdings' overall GF Score™ is 56/100 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 Duluth Holdings (DLTH), the current Return-on-Tangible-Asset is -10.33% 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 Duluth Holdings (DLTH) Overvalued in 2026?
Based on GuruFocus' analysis, Duluth Holdings stock appears to be overvalued.
The current stock price of $4.49 is trading 45.3% above its estimated GF Value™ of $3.09.
GuruFocus considers Duluth Holdings to be Significantly Overvalued.
Key valuation signals for DLTH:
Return-on-Tangible-Asset: -10.33%
GF Value™: $3.09 vs. price of $4.49 (45.3% above fair value)
No single metric tells the full story. See the DLTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Duluth Holdings Inc is an apparel brand in the United States. The company offers shirts, pants, and casual wear for men and women under brands like Alaskan Hardgear, Armachillo, Ballroom, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No Polo Shirt, No Yank, Wild Boar, and others. The Company's revenue consists of the sale of apparel, footwear, and hard goods. The company operates in a single operating segment.
56GF Score
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