Dycom IndustriesDY -1.18%86 Return-on-Tangible-Asset is 9.78% as of Apr. 2026, which is 15% above its 10-year median of 8.53. GuruFocus rates DY with a GF Score™ of 86/100 and a GF Value™ of $270.03 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,780 Construction companies, Dycom Industries ranks better than 85.79% 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. Dycom Industries's annualizedNet Income for the quarter that ended in Apr. 2026 was $365 Mil. Dycom Industries's average total tangible assets for the quarter that ended in Apr. 2026 was $3,733 Mil. Therefore, Dycom Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 9.78%.
The historical rank and industry rank for Dycom Industries's Return-on-Tangible-Asset or its related term are showing as below:
DY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.08 Med: 8.53 Max: 12.07
Current: 10.06
During the past 13 years, Dycom Industries's highest Return-on-Tangible-Asset was 12.07%. The lowest was 2.08%. And the median was 8.53%.
DY's Return-on-Tangible-Asset is ranked better than 85.79% of 1780
companies
in the Construction industry
Industry Median: 3.025
vs DY: 10.06
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.
Dycom Industries Return-on-Tangible-Asset Related Terms
Dycom Industries Return-on-Tangible-Asset Historical Data
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The historical data trend for Dycom 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.
DY vs J, IESC, BLD: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Dycom 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.
Dycom Industries Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Dycom Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dycom 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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.78% mean?
Dycom Industries (DY) has a Return-on-Tangible-Asset of 9.78% 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 Dycom Industries and its competitors. This is 15% above median its historical median of 8.53. Over the past decade, Dycom Industries' Return-on-Tangible-Asset has ranged from 2.08 to 12.07. According to the industry distribution chart, Dycom Industries ranks #253 out of 1780 companies in the Construction industry, placing it in the top 14.2%.
Is Dycom Industries' Return-on-Tangible-Asset too high?
Dycom Industries' current Return-on-Tangible-Asset of 9.78% is 15% above median its 10-year median of 8.53. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 12.07. The Construction industry median Return-on-Tangible-Asset is 3.03. Dycom Industries' value of 9.78% is 223.3% above this industry median. Based on the distribution chart, Dycom Industries ranks #253 out of 1780 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Dycom Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dycom Industries' Return-on-Tangible-Asset compare to J and IESC?
According to the Construction industry distribution chart, Dycom Industries ranks #253 out of 1780 companies for Return-on-Tangible-Asset. This places Dycom Industries in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.03. Dycom Industries' value of 9.78% is 223.3% above this benchmark. Historically, Dycom Industries' own Return-on-Tangible-Asset has ranged from 2.08 to 12.07 over the past decade. While the company's 10-year median is 8.53 vs. the industry median of 3.03, Dycom 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.03, based on 1,780 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. Dycom Industries's current Return-on-Tangible-Asset of 9.78% is 223.3% 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 Dycom Industries and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dycom Industries's current Return-on-Tangible-Asset is 9.78%, which is 15% above median its own 10-year median of 8.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dycom Industries stock overvalued right now?
Based on GuruFocus' analysis, Dycom Industries (DY) is currently considered Significantly Overvalued. The stock's GF Value™ is $270.03, compared to a current price of $420.70 — trading 55.8% above its estimated fair value. The current Return-on-Tangible-Asset is 9.78%, which is 15% above median its 10-year median of 8.53 and 223.3% above the Construction industry median of 3.03. Dycom Industries' overall GF Score™ is 86/100 with 3 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 Dycom Industries (DY), the current Return-on-Tangible-Asset is 9.78% 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 Dycom Industries (DY) Overvalued in 2026?
Based on GuruFocus' analysis, Dycom Industries stock appears to be overvalued.
The current stock price of $420.70 is trading 55.8% above its estimated GF Value™ of $270.03.
GuruFocus considers Dycom Industries to be Significantly Overvalued.
Key valuation signals for DY:
Return-on-Tangible-Asset: 9.78% (15% above median its 10-year median of 8.53)
GF Value™: $270.03 vs. price of $420.70 (55.8% above fair value)
Industry Position: 223.3% above the Construction median (#253 of 1780)
No single metric tells the full story. See the DY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. The company has two reporting segments: Communications and Building Systems. The Communications segment provides specialty contracting services, including program management, planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications and digital infrastructure providers. The Building Systems segment specializes in providing comprehensive building infrastructure solutions, including electrical, energy management, security, and fire safety systems for data centers and other critical facilities. The firm generates key revenue from Communications.
86GF Score
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