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United Natural FoodsFRA:UN3 -2.40%58 Return-on-Tangible-Asset is 1.99% as of Apr. 2026, which is 52% above its 10-year median of 1.31. GuruFocus rates FRA:UN3 with a GF Score™ of 58/100 and a GF Value™ of €18.17 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 311 Retail - Defensive companies, United Natural Foods ranks worse than 81.35% 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. United Natural Foods's annualizedNet Income for the quarter that ended in Apr. 2026 was €113 Mil. United Natural Foods's average total tangible assets for the quarter that ended in Apr. 2026 was €5,683 Mil. Therefore, United Natural Foods's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 1.99%.
The historical rank and industry rank for United Natural Foods's Return-on-Tangible-Asset or its related term are showing as below:
FRA:UN3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.08 Med: 1.31 Max: 6.9
Current: -0.55
During the past 13 years, United Natural Foods's highest Return-on-Tangible-Asset was 6.90%. The lowest was -7.08%. And the median was 1.31%.
FRA:UN3's Return-on-Tangible-Asset is ranked worse than 81.35% of 311
companies
in the Retail - Defensive industry
Industry Median: 3.85
vs FRA:UN3: -0.55
United Natural Foods (FRA:UN3) 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.
United Natural Foods Return-on-Tangible-Asset Related Terms
United Natural Foods Return-on-Tangible-Asset Historical Data
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The historical data trend for United Natural Foods'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.
United Natural Foods Return-on-Tangible-Asset Chart
FRA:UN3 vs ANDE, CHEF, AVO: Return-on-Tangible-Asset Comparison
For the Food Distribution subindustry, United Natural Foods'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.
United Natural Foods Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, United Natural Foods's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where United Natural Foods'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 1.99% mean?
United Natural Foods (FRA:UN3) has a Return-on-Tangible-Asset of 1.99% 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 United Natural Foods and its competitors. This is 52% above median its historical median of 1.31. According to the industry distribution chart, United Natural Foods ranks #253 out of 311 companies in the Retail - Defensive industry, placing it in the top 81.4%.
Is United Natural Foods' Return-on-Tangible-Asset too high?
United Natural Foods' current Return-on-Tangible-Asset of 1.99% is 52% above median its 10-year median of 1.31. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.85. United Natural Foods' value of 1.99% is 48.3% below this industry median. Based on the distribution chart, United Natural Foods ranks #253 out of 311 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, United Natural Foods has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Natural Foods' Return-on-Tangible-Asset compare to ANDE and CHEF?
According to the Retail - Defensive industry distribution chart, United Natural Foods ranks #253 out of 311 companies for Return-on-Tangible-Asset. This places United Natural Foods in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.85. United Natural Foods' value of 1.99% is 48.3% below this benchmark. While the company's 10-year median is 1.31 vs. the industry median of 3.85, United Natural Foods 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 Retail - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.85, based on 311 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. United Natural Foods's current Return-on-Tangible-Asset of 1.99% is 48.3% 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 United Natural Foods and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Natural Foods's current Return-on-Tangible-Asset is 1.99%, which is 52% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Natural Foods stock overvalued right now?
Based on GuruFocus' analysis, United Natural Foods (FRA:UN3) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.17, compared to a current price of €41.85 — trading 130.3% above its estimated fair value. The current Return-on-Tangible-Asset is 1.99%, which is 52% above median its 10-year median of 1.31 and 48.3% below the Retail - Defensive industry median of 3.85. United Natural Foods' overall GF Score™ is 58/100 with 6 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 United Natural Foods (FRA:UN3), the current Return-on-Tangible-Asset is 1.99% 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 United Natural Foods (FRA:UN3) Overvalued in 2026?
Based on GuruFocus' analysis, United Natural Foods stock appears to be overvalued.
The current stock price of €41.85 is trading 130.3% above its estimated GF Value™ of €18.17.
GuruFocus considers United Natural Foods to be Significantly Overvalued.
Key valuation signals for FRA:UN3:
Return-on-Tangible-Asset: 1.99% (52% above median its 10-year median of 1.31)
GF Value™: €18.17 vs. price of €41.85 (130.3% above fair value)
Industry Position: 48.3% below the Retail - Defensive median (#253 of 311)
No single metric tells the full story. See the FRA:UN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.
58GF Score
Get the complete analysis for FRA:UN3
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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