Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FreshpetFRPT +0.50%73 Return-on-Tangible-Asset is 10.73% as of Mar. 2026. GuruFocus rates FRPT with a GF Score™ of 73/100 and a GF Value™ of $103.83 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,996 Consumer Packaged Goods companies, Freshpet ranks better than 85.42% 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. Freshpet's annualizedNet Income for the quarter that ended in Mar. 2026 was $194 Mil. Freshpet's average total tangible assets for the quarter that ended in Mar. 2026 was $1,808 Mil. Therefore, Freshpet's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.73%.
The historical rank and industry rank for Freshpet's Return-on-Tangible-Asset or its related term are showing as below:
FRPT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.23 Med: -2.62 Max: 11.69
Current: 11.69
During the past 13 years, Freshpet's highest Return-on-Tangible-Asset was 11.69%. The lowest was -6.23%. And the median was -2.62%.
FRPT's Return-on-Tangible-Asset is ranked better than 85.42% of 1996
companies
in the Consumer Packaged Goods industry
Industry Median: 3.395
vs FRPT: 11.69
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.
Freshpet Return-on-Tangible-Asset Related Terms
Freshpet Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Freshpet'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.
FRPT vs CENT, MZTI, FLO: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Freshpet'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.
Freshpet Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Freshpet's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Freshpet'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 10.73% mean?
Freshpet (FRPT) has a Return-on-Tangible-Asset of 10.73% 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 Freshpet and its competitors. According to the industry distribution chart, Freshpet ranks #291 out of 1996 companies in the Consumer Packaged Goods industry, placing it in the top 14.6%.
Is Freshpet's Return-on-Tangible-Asset too high?
Freshpet's current Return-on-Tangible-Asset is 10.73%. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.40. Freshpet's value of 10.73% is 216.1% above this industry median. Based on the distribution chart, Freshpet ranks #291 out of 1996 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Freshpet has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Freshpet's Return-on-Tangible-Asset compare to CENT and MZTI?
According to the Consumer Packaged Goods industry distribution chart, Freshpet ranks #291 out of 1996 companies for Return-on-Tangible-Asset. This places Freshpet in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.40. Freshpet's value of 10.73% is 216.1% above this benchmark. 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.40, based on 1,996 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. Freshpet's current Return-on-Tangible-Asset of 10.73% is 216.1% 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 Freshpet and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freshpet's current Return-on-Tangible-Asset is 10.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freshpet stock overvalued right now?
Based on GuruFocus' analysis, Freshpet (FRPT) is currently considered Significantly Undervalued. The stock's GF Value™ is $103.83, compared to a current price of $56.90 — trading 45.2% below its estimated fair value. The current Return-on-Tangible-Asset is 10.73% and 216.1% above the Consumer Packaged Goods industry median of 3.40. Freshpet's overall GF Score™ is 73/100 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 Freshpet (FRPT), the current Return-on-Tangible-Asset is 10.73% 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 Freshpet (FRPT) Overvalued in 2026?
Based on GuruFocus' analysis, Freshpet stock appears to be undervalued.
The current stock price of $56.90 is trading 45.2% below its estimated GF Value™ of $103.83.
GuruFocus considers Freshpet to be Significantly Undervalued.
Key valuation signals for FRPT:
Return-on-Tangible-Asset: 10.73%
GF Value™: $103.83 vs. price of $56.90 (45.2% below fair value)
Industry Position: 216.1% above the Consumer Packaged Goods median (#291 of 1996)
No single metric tells the full story. See the FRPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Freshpet produces and sells premium fresh pet food through its company-owned refrigerators placed in grocery, mass and club, pet specialty, and natural stores. Freshpet primarily targets dogs (likely representing well north of 90% of sales), with cats and treats nascent contributors. Geographically, the company's home US market, where all its food is produced, accounts for nearly all of sales, with exports to Canada, the United Kingdom, and other European countries being very small contributors.
73GF Score
Get the complete analysis for FRPT
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRPT has been successfully added to your 
