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Tractor Supply CoLTS:0REL -1.32%84 Return-on-Tangible-Asset is 6.08% as of Mar. 2026, which is 55% below its 10-year median of 13.61. GuruFocus rates LTS:0REL with a GF Score™ of 84/100 and a GF Value™ of €49.98 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,134 Retail - Cyclical companies, Tractor Supply Co ranks better than 82.54% 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. Tractor Supply Co's annualizedNet Income for the quarter that ended in Mar. 2026 was €569 Mil. Tractor Supply Co's average total tangible assets for the quarter that ended in Mar. 2026 was €9,370 Mil. Therefore, Tractor Supply Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.08%.
The historical rank and industry rank for Tractor Supply Co's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0REL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.31 Med: 13.61 Max: 18.66
Current: 10.31
During the past 13 years, Tractor Supply Co's highest Return-on-Tangible-Asset was 18.66%. The lowest was 10.31%. And the median was 13.61%.
LTS:0REL's Return-on-Tangible-Asset is ranked better than 82.54% of 1134
companies
in the Retail - Cyclical industry
Industry Median: 2.93
vs LTS:0REL: 10.31
Tractor Supply Co (LTS:0REL) 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.
Tractor Supply Co Return-on-Tangible-Asset Related Terms
Tractor Supply Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tractor Supply 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.
LTS:0REL vs BBY, ULTA, DKS: Return-on-Tangible-Asset Comparison
For the Specialty Retail subindustry, Tractor Supply 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.
Tractor Supply Co Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tractor Supply 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.08% mean?
Tractor Supply Co (LTS:0REL) has a Return-on-Tangible-Asset of 6.08% 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 Tractor Supply Co and its competitors. This is 55% below median its historical median of 13.61. Over the past decade, Tractor Supply Co's Return-on-Tangible-Asset has ranged from 10.31 to 18.66. According to the industry distribution chart, Tractor Supply Co ranks #198 out of 1134 companies in the Retail - Cyclical industry, placing it in the top 17.5%.
Is Tractor Supply Co's Return-on-Tangible-Asset too high?
Tractor Supply Co's current Return-on-Tangible-Asset of 6.08% is 55% below median its 10-year median of 13.61. Over the past 10 years, this metric has ranged from a low of 10.31 to a high of 18.66. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.93. Tractor Supply Co's value of 6.08% is 107.5% above this industry median. Based on the distribution chart, Tractor Supply Co ranks #198 out of 1134 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Tractor Supply Co has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tractor Supply Co's Return-on-Tangible-Asset compare to BBY and ULTA?
According to the Retail - Cyclical industry distribution chart, Tractor Supply Co ranks #198 out of 1134 companies for Return-on-Tangible-Asset. This places Tractor Supply Co in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.93. Tractor Supply Co's value of 6.08% is 107.5% above this benchmark. Historically, Tractor Supply Co's own Return-on-Tangible-Asset has ranged from 10.31 to 18.66 over the past decade. While the company's 10-year median is 13.61 vs. the industry median of 2.93, Tractor Supply 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.93, based on 1,134 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. Tractor Supply Co's current Return-on-Tangible-Asset of 6.08% is 107.5% 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 Tractor Supply Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tractor Supply Co's current Return-on-Tangible-Asset is 6.08%, which is 55% below median its own 10-year median of 13.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tractor Supply Co stock overvalued right now?
Based on GuruFocus' analysis, Tractor Supply Co (LTS:0REL) is currently considered Significantly Undervalued. The stock's GF Value™ is €49.98, compared to a current price of €26.17 — trading 47.6% below its estimated fair value. The current Return-on-Tangible-Asset is 6.08%, which is 55% below median its 10-year median of 13.61 and 107.5% above the Retail - Cyclical industry median of 2.93. Tractor Supply Co's overall GF Score™ is 84/100 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 Tractor Supply Co (LTS:0REL), the current Return-on-Tangible-Asset is 6.08% 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 Tractor Supply Co (LTS:0REL) Overvalued in 2026?
Based on GuruFocus' analysis, Tractor Supply Co stock appears to be undervalued.
The current stock price of €26.17 is trading 47.6% below its estimated GF Value™ of €49.98.
GuruFocus considers Tractor Supply Co to be Significantly Undervalued.
Key valuation signals for LTS:0REL:
Return-on-Tangible-Asset: 6.08% (55% below median its 10-year median of 13.61)
GF Value™: €49.98 vs. price of €26.17 (47.6% below fair value)
Industry Position: 107.5% above the Retail - Cyclical median (#198 of 1134)
No single metric tells the full story. See the LTS:0REL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. As of March 2026, the company operated 2,435 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities rather than urban and suburban areas. In fiscal 2025, revenue consisted of livestock, equine & agriculture (around 27%); companion animal (24%); seasonal & recreation (around 24%); truck, tool, & hardware (15%); and clothing, gift, and décor (10%).
84GF Score
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