MaplebearMEX:CART 63 Return-on-Tangible-Asset is 18.29% as of Mar. 2026, which is 62% above its 10-year median of 11.31. GuruFocus rates MEX:CART with a GF Score™ of 63/100 and a GF Value™ of MXN630.25. The stock has 3 warning signs investors should review. Among 1,134 Retail - Cyclical companies, Maplebear ranks better than 88.54% 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. Maplebear's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN10,387 Mil. Maplebear's average total tangible assets for the quarter that ended in Mar. 2026 was MXN56,805 Mil. Therefore, Maplebear's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.29%.
The historical rank and industry rank for Maplebear's Return-on-Tangible-Asset or its related term are showing as below:
MEX:CART'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -42.79 Med: 11.31 Max: 14.56
Current: 13.28
During the past 6 years, Maplebear's highest Return-on-Tangible-Asset was 14.56%. The lowest was -42.79%. And the median was 11.31%.
MEX:CART's Return-on-Tangible-Asset is ranked better than 88.54% of 1134
companies
in the Retail - Cyclical industry
Industry Median: 2.94
vs MEX:CART: 13.28
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.
Maplebear Return-on-Tangible-Asset Related Terms
Maplebear Return-on-Tangible-Asset Historical Data
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The historical data trend for Maplebear'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.
MEX:CART vs CHWY, W, VIPS: Return-on-Tangible-Asset Comparison
For the Internet Retail subindustry, Maplebear'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.
Maplebear Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Maplebear's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Maplebear'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 18.29% mean?
Maplebear (MEX:CART) has a Return-on-Tangible-Asset of 18.29% 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 Maplebear and its competitors. This is 62% above median its historical median of 11.31. According to the industry distribution chart, Maplebear ranks #130 out of 1134 companies in the Retail - Cyclical industry, placing it in the top 11.5%.
Is Maplebear's Return-on-Tangible-Asset too high?
Maplebear's current Return-on-Tangible-Asset of 18.29% is 62% above median its 10-year median of 11.31. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.94. Maplebear's value of 18.29% is 522.1% above this industry median. Based on the distribution chart, Maplebear ranks #130 out of 1134 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Maplebear has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Maplebear's Return-on-Tangible-Asset compare to CHWY and W?
According to the Retail - Cyclical industry distribution chart, Maplebear ranks #130 out of 1134 companies for Return-on-Tangible-Asset. This places Maplebear in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.94. Maplebear's value of 18.29% is 522.1% above this benchmark. While the company's 10-year median is 11.31 vs. the industry median of 2.94, Maplebear 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 2.94, 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. Maplebear's current Return-on-Tangible-Asset of 18.29% is 522.1% 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 Maplebear and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maplebear's current Return-on-Tangible-Asset is 18.29%, which is 62% above median its own 10-year median of 11.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maplebear stock overvalued right now?
Maplebear (MEX:CART) has a current Return-on-Tangible-Asset of 18.29%. The stock's GF Value™ is MXN630.25, compared to a current price of MXN678.83 — trading 7.7% above its estimated fair value. The current Return-on-Tangible-Asset is 18.29%, which is 62% above median its 10-year median of 11.31 and 522.1% above the Retail - Cyclical industry median of 2.94. Maplebear's overall GF Score™ is 63/100 with 3 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 Maplebear (MEX:CART), the current Return-on-Tangible-Asset is 18.29% 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 Maplebear (MEX:CART) Overvalued in 2026?
Based on GuruFocus' analysis, Maplebear stock appears to be overvalued.
The current stock price of MXN678.83 is trading 7.7% above its estimated GF Value™ of MXN630.25.
Key valuation signals for MEX:CART:
Return-on-Tangible-Asset: 18.29% (62% above median its 10-year median of 11.31)
GF Value™: MXN630.25 vs. price of MXN678.83 (7.7% above fair value)
Industry Position: 522.1% above the Retail - Cyclical median (#130 of 1134)
No single metric tells the full story. See the MEX:CART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, allows couriers to earn income, and helps grocers to scale their business through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 1,800 retail partners, Instacart delivers to about 98% of households in the United States and Canada.
63GF Score
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