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JM Smucker CoHAM:JM2 +1.00%66 Return-on-Tangible-Asset is 29.23% as of Apr. 2026, which is 101% above its 10-year median of 14.56. GuruFocus rates HAM:JM2 with a GF Score™ of 66/100 and a GF Value™ of €104.91. The stock has 2 warning signs investors should review. Among 1,994 Consumer Packaged Goods companies, JM Smucker Co ranks worse than 79.29% 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. JM Smucker Co's annualizedNet Income for the quarter that ended in Apr. 2026 was €1,327 Mil. JM Smucker Co's average total tangible assets for the quarter that ended in Apr. 2026 was €4,542 Mil. Therefore, JM Smucker Co's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 29.23%.
The historical rank and industry rank for JM Smucker Co's Return-on-Tangible-Asset or its related term are showing as below:
HAM:JM2'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.64 Med: 14.56 Max: 39.05
Current: -2.52
During the past 13 years, JM Smucker Co's highest Return-on-Tangible-Asset was 39.05%. The lowest was -22.64%. And the median was 14.56%.
HAM:JM2's Return-on-Tangible-Asset is ranked worse than 79.29% of 1994
companies
in the Consumer Packaged Goods industry
Industry Median: 3.39
vs HAM:JM2: -2.52
JM Smucker Co (HAM:JM2) 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.
JM Smucker Co Return-on-Tangible-Asset Related Terms
JM Smucker Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for JM Smucker Co'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.
HAM:JM2 vs JBS, MKC, HRL: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, JM Smucker Co'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.
JM Smucker Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, JM Smucker Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where JM Smucker Co'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 29.23% mean?
JM Smucker Co (HAM:JM2) has a Return-on-Tangible-Asset of 29.23% 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 JM Smucker Co and its competitors. This is 101% above median its historical median of 14.56. According to the industry distribution chart, JM Smucker Co ranks #1581 out of 1994 companies in the Consumer Packaged Goods industry, placing it in the top 79.3%.
Is JM Smucker Co's Return-on-Tangible-Asset too high?
JM Smucker Co's current Return-on-Tangible-Asset of 29.23% is 101% above median its 10-year median of 14.56. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.39. JM Smucker Co's value of 29.23% is 762.2% above this industry median. Based on the distribution chart, JM Smucker Co ranks #1581 out of 1994 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, JM Smucker Co has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does JM Smucker Co's Return-on-Tangible-Asset compare to JBS and MKC?
According to the Consumer Packaged Goods industry distribution chart, JM Smucker Co ranks #1581 out of 1994 companies for Return-on-Tangible-Asset. This places JM Smucker Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.39. JM Smucker Co's value of 29.23% is 762.2% above this benchmark. While the company's 10-year median is 14.56 vs. the industry median of 3.39, JM Smucker Co 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.39, based on 1,994 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. JM Smucker Co's current Return-on-Tangible-Asset of 29.23% is 762.2% 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 JM Smucker Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JM Smucker Co's current Return-on-Tangible-Asset is 29.23%, which is 101% above median its own 10-year median of 14.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JM Smucker Co stock overvalued right now?
JM Smucker Co (HAM:JM2) has a current Return-on-Tangible-Asset of 29.23%. The stock's GF Value™ is €104.91, compared to a current price of €97.12 — trading 7.4% below its estimated fair value. The current Return-on-Tangible-Asset is 29.23%, which is 101% above median its 10-year median of 14.56 and 762.2% above the Consumer Packaged Goods industry median of 3.39. JM Smucker Co's overall GF Score™ is 66/100 with 2 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 JM Smucker Co (HAM:JM2), the current Return-on-Tangible-Asset is 29.23% 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 JM Smucker Co (HAM:JM2) Overvalued in 2026?
Based on GuruFocus' analysis, JM Smucker Co stock appears to be undervalued.
The current stock price of €97.12 is trading 7.4% below its estimated GF Value™ of €104.91.
Key valuation signals for HAM:JM2:
Return-on-Tangible-Asset: 29.23% (101% above median its 10-year median of 14.56)
GF Value™: €104.91 vs. price of €97.12 (7.4% below fair value)
Industry Position: 762.2% above the Consumer Packaged Goods median (#1581 of 1994)
No single metric tells the full story. See the HAM:JM2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
J.M. Smucker is a packaged food company that primarily sells through the US retail channel (73% of fiscal 2025 revenue came through its retail pet foods, coffee, and frozen handheld/spreads segments), with the remaining share consisting of sweet baked snacks (through the Hostess acquisition) and international (primarily Canada). Retail coffee is its largest category (32% of sales) with brands Folgers and Dunkin'. Pet foods (19% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from frozen handhelds and spreads, through brands Jif, Smucker's, and Uncrustables. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.
66GF Score
Get the complete analysis for HAM:JM2
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