LCI IndustriesLCII +1.21%73 Return-on-Tangible-Asset is 11.54% as of Mar. 2026, which is 23% below its 10-year median of 15.01. GuruFocus rates LCII with a GF Score™ of 73/100 and a GF Value™ of $122.48 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,336 Vehicles & Parts companies, LCI Industries ranks better than 86.45% 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. LCI Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was $252 Mil. LCI Industries's average total tangible assets for the quarter that ended in Mar. 2026 was $2,181 Mil. Therefore, LCI Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.54%.
The historical rank and industry rank for LCI Industries's Return-on-Tangible-Asset or its related term are showing as below:
LCII'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.13 Med: 15.01 Max: 25.35
Current: 9.39
During the past 13 years, LCI Industries's highest Return-on-Tangible-Asset was 25.35%. The lowest was 3.13%. And the median was 15.01%.
LCII's Return-on-Tangible-Asset is ranked better than 86.45% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 3.115
vs LCII: 9.39
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.
LCI Industries Return-on-Tangible-Asset Related Terms
LCI Industries Return-on-Tangible-Asset Historical Data
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The historical data trend for LCI Industries'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.
LCII vs HOG, PATK, WGO: Return-on-Tangible-Asset Comparison
For the Recreational Vehicles subindustry, LCI Industries'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.
LCI Industries Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where LCI Industries'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 11.54% mean?
LCI Industries (LCII) has a Return-on-Tangible-Asset of 11.54% 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 LCI Industries and its competitors. This is 23% below median its historical median of 15.01. Over the past decade, LCI Industries' Return-on-Tangible-Asset has ranged from 3.13 to 25.35. According to the industry distribution chart, LCI Industries ranks #181 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 13.5%.
Is LCI Industries' Return-on-Tangible-Asset too high?
LCI Industries' current Return-on-Tangible-Asset of 11.54% is 23% below median its 10-year median of 15.01. Over the past 10 years, this metric has ranged from a low of 3.13 to a high of 25.35. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.12. LCI Industries' value of 11.54% is 270.5% above this industry median. Based on the distribution chart, LCI Industries ranks #181 out of 1336 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, LCI Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LCI Industries' Return-on-Tangible-Asset compare to HOG and PATK?
According to the Vehicles & Parts industry distribution chart, LCI Industries ranks #181 out of 1336 companies for Return-on-Tangible-Asset. This places LCI Industries in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.12. LCI Industries' value of 11.54% is 270.5% above this benchmark. Historically, LCI Industries' own Return-on-Tangible-Asset has ranged from 3.13 to 25.35 over the past decade. While the company's 10-year median is 15.01 vs. the industry median of 3.12, LCI Industries 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.12, based on 1,336 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. LCI Industries's current Return-on-Tangible-Asset of 11.54% is 270.5% 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 LCI Industries and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LCI Industries's current Return-on-Tangible-Asset is 11.54%, which is 23% below median its own 10-year median of 15.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LCI Industries stock overvalued right now?
Based on GuruFocus' analysis, LCI Industries (LCII) is currently considered Modestly Undervalued. The stock's GF Value™ is $122.48, compared to a current price of $103.28 — trading 15.7% below its estimated fair value. The current Return-on-Tangible-Asset is 11.54%, which is 23% below median its 10-year median of 15.01 and 270.5% above the Vehicles & Parts industry median of 3.12. LCI Industries' overall GF Score™ is 73/100 with 4 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 LCI Industries (LCII), the current Return-on-Tangible-Asset is 11.54% 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 LCI Industries (LCII) Overvalued in 2026?
Based on GuruFocus' analysis, LCI Industries stock appears to be undervalued.
The current stock price of $103.28 is trading 15.7% below its estimated GF Value™ of $122.48.
GuruFocus considers LCI Industries to be Modestly Undervalued.
Key valuation signals for LCII:
Return-on-Tangible-Asset: 11.54% (23% below median its 10-year median of 15.01)
GF Value™: $122.48 vs. price of $103.28 (15.7% below fair value)
Industry Position: 270.5% above the Vehicles & Parts median (#181 of 1336)
No single metric tells the full story. See the LCII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries, including buses and trailers used to haul boats, livestock, equipment, and other cargo. It has two reportable segments: the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold to manufacturers of RVs such as Thor Industries, Forest River, Winnebago, and other RV OEMs, and to manufacturers in adjacent industries.
73GF Score
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