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Farmland PartnersFPI +0.42%69 Return-on-Tangible-Asset is 0.36% as of Mar. 2026, which is 66% below its 10-year median of 1.05. GuruFocus rates FPI with a GF Score™ of 69/100 and a GF Value™ of $10.99 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 932 REITs companies, Farmland Partners ranks better than 57.51% 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. Farmland Partners's annualizedNet Income for the quarter that ended in Mar. 2026 was $2.56 Mil. Farmland Partners's average total tangible assets for the quarter that ended in Mar. 2026 was $715.39 Mil. Therefore, Farmland Partners's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.36%.
The historical rank and industry rank for Farmland Partners's Return-on-Tangible-Asset or its related term are showing as below:
FPI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.65 Med: 1.05 Max: 6.36
Current: 4.03
During the past 13 years, Farmland Partners's highest Return-on-Tangible-Asset was 6.36%. The lowest was 0.65%. And the median was 1.05%.
FPI's Return-on-Tangible-Asset is ranked better than 57.51% of 932
companies
in the REITs industry
Industry Median: 3.27
vs FPI: 4.03
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.
Farmland Partners Return-on-Tangible-Asset Related Terms
Farmland Partners Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Farmland Partners'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.
FPI vs LAND, NLCP, SELF: Return-on-Tangible-Asset Comparison
For the REIT - Specialty subindustry, Farmland Partners'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.
Farmland Partners Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Farmland Partners's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Farmland Partners'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 0.36% mean?
Farmland Partners (FPI) has a Return-on-Tangible-Asset of 0.36% 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 Farmland Partners and its competitors. This is 66% below median its historical median of 1.05. Over the past decade, Farmland Partners' Return-on-Tangible-Asset has ranged from 0.65 to 6.36. According to the industry distribution chart, Farmland Partners ranks #396 out of 932 companies in the REITs industry, placing it in the top 42.5%.
Is Farmland Partners' Return-on-Tangible-Asset too high?
Farmland Partners' current Return-on-Tangible-Asset of 0.36% is 66% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 6.36. The REITs industry median Return-on-Tangible-Asset is 3.27. Farmland Partners' value of 0.36% is 89% below this industry median. Based on the distribution chart, Farmland Partners ranks #396 out of 932 companies in the REITs industry, which is above the industry midpoint. Overall, Farmland Partners has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Farmland Partners' Return-on-Tangible-Asset compare to LAND and NLCP?
According to the REITs industry distribution chart, Farmland Partners ranks #396 out of 932 companies for Return-on-Tangible-Asset. This puts Farmland Partners in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Farmland Partners' value of 0.36% is 89% below this benchmark. Historically, Farmland Partners' own Return-on-Tangible-Asset has ranged from 0.65 to 6.36 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 3.27, Farmland Partners has consistently been below 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 932 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. Farmland Partners's current Return-on-Tangible-Asset of 0.36% is 89% below 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 Farmland Partners and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmland Partners's current Return-on-Tangible-Asset is 0.36%, which is 66% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmland Partners stock overvalued right now?
Based on GuruFocus' analysis, Farmland Partners (FPI) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.99, compared to a current price of $9.60 — trading 12.6% below its estimated fair value. The current Return-on-Tangible-Asset is 0.36%, which is 66% below median its 10-year median of 1.05 and 89% below the REITs industry median of 3.27. Farmland Partners' overall GF Score™ is 69/100 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 Farmland Partners (FPI), the current Return-on-Tangible-Asset is 0.36% 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 Farmland Partners (FPI) Overvalued in 2026?
Based on GuruFocus' analysis, Farmland Partners stock appears to be undervalued.
The current stock price of $9.60 is trading 12.6% below its estimated GF Value™ of $10.99.
GuruFocus considers Farmland Partners to be Modestly Undervalued.
Key valuation signals for FPI:
Return-on-Tangible-Asset: 0.36% (66% below median its 10-year median of 1.05)
GF Value™: $10.99 vs. price of $9.60 (12.6% below fair value)
Industry Position: 89% below the REITs median (#396 of 932)
No single metric tells the full story. See the FPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, pictachios, citrus, avacados, strawberies, and edible beans. The company generates its revenues through the rent it receives from its tenants.
69GF Score
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