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Ross StoresROST +0.67%90 Return-on-Tangible-Asset is 16.72% as of Apr. 2026, which is 18% above its 10-year median of 14.21. GuruFocus rates ROST with a GF Score™ of 90/100 and a GF Value™ of $174.63 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Ross Stores ranks better than 91.5% 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. Ross Stores's annualizedNet Income for the quarter that ended in Apr. 2026 was $2,600 Mil. Ross Stores's average total tangible assets for the quarter that ended in Apr. 2026 was $15,552 Mil. Therefore, Ross Stores's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 16.72%.
The historical rank and industry rank for Ross Stores's Return-on-Tangible-Asset or its related term are showing as below:
ROST'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.77 Med: 14.21 Max: 26.92
Current: 15.37
During the past 13 years, Ross Stores's highest Return-on-Tangible-Asset was 26.92%. The lowest was 0.77%. And the median was 14.21%.
ROST's Return-on-Tangible-Asset is ranked better than 91.5% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 2.93
vs ROST: 15.37
Ross Stores (NAS:ROST) 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.
Ross Stores Return-on-Tangible-Asset Related Terms
Ross Stores Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ross Stores'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.
ROST vs BURL, LULU, GAP: Return-on-Tangible-Asset Comparison
For the Apparel Retail subindustry, Ross Stores'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.
Ross Stores Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ross Stores's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ross Stores'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 (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 16.72% mean?
Ross Stores (ROST) has a Return-on-Tangible-Asset of 16.72% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ross Stores and its competitors. This is 18% above median its historical median of 14.21. Over the past decade, Ross Stores' Return-on-Tangible-Asset has ranged from 0.77 to 26.92. According to the industry distribution chart, Ross Stores ranks #96 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 8.5%.
Is Ross Stores' Return-on-Tangible-Asset too high?
Ross Stores' current Return-on-Tangible-Asset of 16.72% is 18% above median its 10-year median of 14.21. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 26.92. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.93. Ross Stores' value of 16.72% is 470.6% above this industry median. Based on the distribution chart, Ross Stores ranks #96 out of 1130 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Ross Stores has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ross Stores' Return-on-Tangible-Asset compare to BURL and LULU?
According to the Retail - Cyclical industry distribution chart, Ross Stores ranks #96 out of 1130 companies for Return-on-Tangible-Asset. This places Ross Stores in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.93. Ross Stores' value of 16.72% is 470.6% above this benchmark. Historically, Ross Stores' own Return-on-Tangible-Asset has ranged from 0.77 to 26.92 over the past decade. While the company's 10-year median is 14.21 vs. the industry median of 2.93, Ross Stores 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 1,130 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. Ross Stores's current Return-on-Tangible-Asset of 16.72% is 470.6% 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 Ross Stores 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. Ross Stores's current Return-on-Tangible-Asset is 16.72%, which is 18% above median its own 10-year median of 14.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ross Stores stock overvalued right now?
Based on GuruFocus' analysis, Ross Stores (ROST) is currently considered Modestly Overvalued. The stock's GF Value™ is $174.63, compared to a current price of $220.93 — trading 26.5% above its estimated fair value. The current Return-on-Tangible-Asset is 16.72%, which is 18% above median its 10-year median of 14.21 and 470.6% above the Retail - Cyclical industry median of 2.93. Ross Stores' overall GF Score™ is 90/100 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 Ross Stores (ROST), the current Return-on-Tangible-Asset is 16.72% as of Apr. 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 Ross Stores (ROST) Overvalued in 2026?
Based on GuruFocus' analysis, Ross Stores stock appears to be overvalued.
The current stock price of $220.93 is trading 26.5% above its estimated GF Value™ of $174.63.
GuruFocus considers Ross Stores to be Modestly Overvalued.
Key valuation signals for ROST:
Return-on-Tangible-Asset: 16.72% (18% above median its 10-year median of 14.21)
GF Value™: $174.63 vs. price of $220.93 (26.5% above fair value)
Industry Position: 470.6% above the Retail - Cyclical median (#96 of 1130)
No single metric tells the full story. See the ROST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ross Stores, founded in 1982, is a US-focused off-price apparel and home fashion retailer operating more than 2,100 stores across 43 states, primarily under the Ross Dress for Less banner, with a smaller footprint through dd's Discounts. In fiscal 2025, the company generated over $22 billion in sales. Ross offers branded apparel, footwear, accessories, and home goods at a 20%-60% discount to department and specialty store prices, sourcing closeouts and excess inventory from vendors worldwide.
90GF Score
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