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Jeronimo Martins SGPSJRONY -1.09%87 Return-on-Tangible-Asset is 2.92% as of Mar. 2026, which is 47% below its 10-year median of 5.48. GuruFocus rates JRONY with a GF Score™ of 87/100 and a GF Value™ of $52.49 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 313 Retail - Defensive companies, Jeronimo Martins SGPS ranks better than 52.72% 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. Jeronimo Martins SGPS's annualizedNet Income for the quarter that ended in Mar. 2026 was $550 Mil. Jeronimo Martins SGPS's average total tangible assets for the quarter that ended in Mar. 2026 was $18,820 Mil. Therefore, Jeronimo Martins SGPS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.92%.
The historical rank and industry rank for Jeronimo Martins SGPS's Return-on-Tangible-Asset or its related term are showing as below:
JRONY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.54 Med: 5.48 Max: 12.59
Current: 4.18
During the past 13 years, Jeronimo Martins SGPS's highest Return-on-Tangible-Asset was 12.59%. The lowest was 3.54%. And the median was 5.48%.
JRONY's Return-on-Tangible-Asset is ranked better than 52.72% of 313
companies
in the Retail - Defensive industry
Industry Median: 3.86
vs JRONY: 4.18
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.
Jeronimo Martins SGPS Return-on-Tangible-Asset Related Terms
Jeronimo Martins SGPS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Jeronimo Martins SGPS'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.
JRONY vs SYY, USFD, PFGC: Return-on-Tangible-Asset Comparison
For the Food Distribution subindustry, Jeronimo Martins SGPS'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.
Jeronimo Martins SGPS Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Jeronimo Martins SGPS'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 2.92% mean?
Jeronimo Martins SGPS (JRONY) has a Return-on-Tangible-Asset of 2.92% 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 Jeronimo Martins SGPS and its competitors. This is 47% below median its historical median of 5.48. Over the past decade, Jeronimo Martins SGPS's Return-on-Tangible-Asset has ranged from 3.54 to 12.59. According to the industry distribution chart, Jeronimo Martins SGPS ranks #148 out of 313 companies in the Retail - Defensive industry, placing it in the top 47.3%.
Is Jeronimo Martins SGPS's Return-on-Tangible-Asset too high?
Jeronimo Martins SGPS's current Return-on-Tangible-Asset of 2.92% is 47% below median its 10-year median of 5.48. Over the past 10 years, this metric has ranged from a low of 3.54 to a high of 12.59. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.86. Jeronimo Martins SGPS's value of 2.92% is 24.4% below this industry median. Based on the distribution chart, Jeronimo Martins SGPS ranks #148 out of 313 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Jeronimo Martins SGPS has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jeronimo Martins SGPS's Return-on-Tangible-Asset compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Jeronimo Martins SGPS ranks #148 out of 313 companies for Return-on-Tangible-Asset. This puts Jeronimo Martins SGPS in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.86. Jeronimo Martins SGPS's value of 2.92% is 24.4% below this benchmark. Historically, Jeronimo Martins SGPS's own Return-on-Tangible-Asset has ranged from 3.54 to 12.59 over the past decade. While the company's 10-year median is 5.48 vs. the industry median of 3.86, Jeronimo Martins SGPS 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 3.86, based on 313 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. Jeronimo Martins SGPS's current Return-on-Tangible-Asset of 2.92% is 24.4% 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 Jeronimo Martins SGPS and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jeronimo Martins SGPS's current Return-on-Tangible-Asset is 2.92%, which is 47% below median its own 10-year median of 5.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jeronimo Martins SGPS stock overvalued right now?
Based on GuruFocus' analysis, Jeronimo Martins SGPS (JRONY) is currently considered Modestly Undervalued. The stock's GF Value™ is $52.49, compared to a current price of $37.10 — trading 29.3% below its estimated fair value. The current Return-on-Tangible-Asset is 2.92%, which is 47% below median its 10-year median of 5.48 and 24.4% below the Retail - Defensive industry median of 3.86. Jeronimo Martins SGPS's overall GF Score™ is 87/100 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 Jeronimo Martins SGPS (JRONY), the current Return-on-Tangible-Asset is 2.92% 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 Jeronimo Martins SGPS (JRONY) Overvalued in 2026?
Based on GuruFocus' analysis, Jeronimo Martins SGPS stock appears to be undervalued.
The current stock price of $37.10 is trading 29.3% below its estimated GF Value™ of $52.49.
GuruFocus considers Jeronimo Martins SGPS to be Modestly Undervalued.
Key valuation signals for JRONY:
Return-on-Tangible-Asset: 2.92% (47% below median its 10-year median of 5.48)
GF Value™: $52.49 vs. price of $37.10 (29.3% below fair value)
Industry Position: 24.4% below the Retail - Defensive median (#148 of 313)
No single metric tells the full story. See the JRONY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jeronimo Martins SGPS SA is engaged in food distribution business. It operates food retail business in Poland, Portugal, and Colombia. Its business areas include food distribution, Agribusiness, and Specialised retail. Its segments include Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets); Portugal Cash & Carry: includes the business unit Recheio; Poland Retail: the business unit which operates under Biedronka banner in this country; Poland Health and Beauty: includes the Hebe banner business unit in Poland, also includes the operations of its subsidiaries in Czechia and Slovakia; Colombia Retail: the business unit which operates under Ara banner; and Others. It derives the majority of the revenue from Poland Retail business segment.
87GF Score
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