Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The Hershey CoMEX:HSY 69 Return-on-Tangible-Asset is 21.81% as of Mar. 2026, which is 16% below its 10-year median of 25.82. GuruFocus rates MEX:HSY with a GF Score™ of 69/100 and a GF Value™ of MXN3,805.89 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,997 Consumer Packaged Goods companies, The Hershey Co ranks better than 87.83% 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. The Hershey Co's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN31,384 Mil. The Hershey Co's average total tangible assets for the quarter that ended in Mar. 2026 was MXN143,912 Mil. Therefore, The Hershey Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.81%.
The historical rank and industry rank for The Hershey Co's Return-on-Tangible-Asset or its related term are showing as below:
MEX:HSY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.1 Med: 25.82 Max: 29.68
Current: 12.93
During the past 13 years, The Hershey Co's highest Return-on-Tangible-Asset was 29.68%. The lowest was 11.10%. And the median was 25.82%.
MEX:HSY's Return-on-Tangible-Asset is ranked better than 87.83% of 1997
companies
in the Consumer Packaged Goods industry
Industry Median: 3.39
vs MEX:HSY: 12.93
The Hershey Co (MEX:HSY) 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.
The Hershey Co Return-on-Tangible-Asset Related Terms
The Hershey Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for The Hershey 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.
MEX:HSY vs TR, SOWG, RMCF: Return-on-Tangible-Asset Comparison
For the Confectioners subindustry, The Hershey 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.
The Hershey Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hershey Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where The Hershey 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 21.81% mean?
The Hershey Co (MEX:HSY) has a Return-on-Tangible-Asset of 21.81% 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 The Hershey Co and its competitors. This is 16% below median its historical median of 25.82. Over the past decade, The Hershey Co's Return-on-Tangible-Asset has ranged from 11.10 to 29.68. According to the industry distribution chart, The Hershey Co ranks #243 out of 1997 companies in the Consumer Packaged Goods industry, placing it in the top 12.2%.
Is The Hershey Co's Return-on-Tangible-Asset too high?
The Hershey Co's current Return-on-Tangible-Asset of 21.81% is 16% below median its 10-year median of 25.82. Over the past 10 years, this metric has ranged from a low of 11.10 to a high of 29.68. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.39. The Hershey Co's value of 21.81% is 543.4% above this industry median. Based on the distribution chart, The Hershey Co ranks #243 out of 1997 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, The Hershey Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Hershey Co's Return-on-Tangible-Asset compare to TR and SOWG?
According to the Consumer Packaged Goods industry distribution chart, The Hershey Co ranks #243 out of 1997 companies for Return-on-Tangible-Asset. This places The Hershey Co in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.39. The Hershey Co's value of 21.81% is 543.4% above this benchmark. Historically, The Hershey Co's own Return-on-Tangible-Asset has ranged from 11.10 to 29.68 over the past decade. While the company's 10-year median is 25.82 vs. the industry median of 3.39, The Hershey 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 1,997 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. The Hershey Co's current Return-on-Tangible-Asset of 21.81% is 543.4% 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 The Hershey 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. The Hershey Co's current Return-on-Tangible-Asset is 21.81%, which is 16% below median its own 10-year median of 25.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hershey Co stock overvalued right now?
Based on GuruFocus' analysis, The Hershey Co (MEX:HSY) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,805.89, compared to a current price of MXN3,080.00 — trading 19.1% below its estimated fair value. The current Return-on-Tangible-Asset is 21.81%, which is 16% below median its 10-year median of 25.82 and 543.4% above the Consumer Packaged Goods industry median of 3.39. The Hershey Co's overall GF Score™ is 69/100 with 7 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 The Hershey Co (MEX:HSY), the current Return-on-Tangible-Asset is 21.81% 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 The Hershey Co (MEX:HSY) Overvalued in 2026?
Based on GuruFocus' analysis, The Hershey Co stock appears to be undervalued.
The current stock price of MXN3,080.00 is trading 19.1% below its estimated GF Value™ of MXN3,805.89.
GuruFocus considers The Hershey Co to be Modestly Undervalued.
Key valuation signals for MEX:HSY:
Return-on-Tangible-Asset: 21.81% (16% below median its 10-year median of 25.82)
GF Value™: MXN3,805.89 vs. price of MXN3,080.00 (19.1% below fair value)
Industry Position: 543.4% above the Consumer Packaged Goods median (#243 of 1997)
No single metric tells the full story. See the MEX:HSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hershey is a leading US confectionery manufacturer (around a $55 billion market, according to Euromonitor), controlling 35% of the domestic chocolate aisle. Beyond its namesake label, the firm's portfolio has expanded over the last 85 years and now comprises 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the US, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confectionery business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its portfolio, as well as Pirate Brands, Dot's Pretzels, and LesserEvil over the past few years.
69GF Score
Get the complete analysis for MEX:HSY
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:HSY has been successfully added to your 
