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MetroMTRAF -2.47%77 Return-on-Tangible-Asset is 11.32% as of Mar. 2026, which is 14% below its 10-year median of 13.23. GuruFocus rates MTRAF with a GF Score™ of 77/100 and a GF Value™ of $66.70 (Fairly Valued). Among 312 Retail - Defensive companies, Metro ranks better than 91.35% 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. Metro's annualizedNet Income for the quarter that ended in Mar. 2026 was $719 Mil. Metro's average total tangible assets for the quarter that ended in Mar. 2026 was $6,349 Mil. Therefore, Metro's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.32%.
The historical rank and industry rank for Metro's Return-on-Tangible-Asset or its related term are showing as below:
MTRAF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.19 Med: 13.23 Max: 40.9
Current: 11.87
During the past 13 years, Metro's highest Return-on-Tangible-Asset was 40.90%. The lowest was 11.19%. And the median was 13.23%.
MTRAF's Return-on-Tangible-Asset is ranked better than 91.35% of 312
companies
in the Retail - Defensive industry
Industry Median: 3.785
vs MTRAF: 11.87
Metro (OTCPK:MTRAF) 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.
Metro Return-on-Tangible-Asset Related Terms
Metro Return-on-Tangible-Asset Historical Data
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The historical data trend for Metro'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.
MTRAF vs KR, SFM, ACI: Return-on-Tangible-Asset Comparison
For the Grocery Stores subindustry, Metro'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.
Metro Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Metro's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Metro'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 11.32% mean?
Metro (MTRAF) has a Return-on-Tangible-Asset of 11.32% 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 Metro and its competitors. This is 14% below median its historical median of 13.23. Over the past decade, Metro's Return-on-Tangible-Asset has ranged from 11.19 to 40.90. According to the industry distribution chart, Metro ranks #27 out of 312 companies in the Retail - Defensive industry, placing it in the top 8.7%.
Is Metro's Return-on-Tangible-Asset too high?
Metro's current Return-on-Tangible-Asset of 11.32% is 14% below median its 10-year median of 13.23. Over the past 10 years, this metric has ranged from a low of 11.19 to a high of 40.90. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.79. Metro's value of 11.32% is 199.1% above this industry median. Based on the distribution chart, Metro ranks #27 out of 312 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Metro has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Metro's Return-on-Tangible-Asset compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Metro ranks #27 out of 312 companies for Return-on-Tangible-Asset. This places Metro in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.79. Metro's value of 11.32% is 199.1% above this benchmark. Historically, Metro's own Return-on-Tangible-Asset has ranged from 11.19 to 40.90 over the past decade. While the company's 10-year median is 13.23 vs. the industry median of 3.79, Metro 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 - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.79, based on 312 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. Metro's current Return-on-Tangible-Asset of 11.32% is 199.1% 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 Metro and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro's current Return-on-Tangible-Asset is 11.32%, which is 14% below median its own 10-year median of 13.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro stock overvalued right now?
Based on GuruFocus' analysis, Metro (MTRAF) is currently considered Fairly Valued. The stock's GF Value™ is $66.70, compared to a current price of $64.30 — trading 3.6% below its estimated fair value. The current Return-on-Tangible-Asset is 11.32%, which is 14% below median its 10-year median of 13.23 and 199.1% above the Retail - Defensive industry median of 3.79. Metro's overall GF Score™ is 77/100. 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 Metro (MTRAF), the current Return-on-Tangible-Asset is 11.32% 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 Metro (MTRAF) Overvalued in 2026?
Based on GuruFocus' analysis, Metro stock appears to be undervalued.
The current stock price of $64.30 is trading 3.6% below its estimated GF Value™ of $66.70.
GuruFocus considers Metro to be Fairly Valued.
Key valuation signals for MTRAF:
Return-on-Tangible-Asset: 11.32% (14% below median its 10-year median of 13.23)
GF Value™: $66.70 vs. price of $64.30 (3.6% below fair value)
Industry Position: 199.1% above the Retail - Defensive median (#27 of 312)
No single metric tells the full story. See the MTRAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metro is the third-largest grocery retailer in Canada (behind Loblaws and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaws and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in Quebec and Ontario, with no presence in western Canada.
77GF Score
Get the complete analysis for MTRAF
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