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Goodfood MarketTSX:FOOD +16.67% Return-on-Tangible-Asset is -0.73% as of May. 2026. The stock has 4 warning signs investors should review. Among 96 Personal Services companies, Goodfood Market ranks worse than 92.71% 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. Goodfood Market's annualizedNet Income for the quarter that ended in May. 2026 was C$-0.20 Mil. Goodfood Market's average total tangible assets for the quarter that ended in May. 2026 was C$27.23 Mil. Therefore, Goodfood Market's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was -0.73%.
The historical rank and industry rank for Goodfood Market's Return-on-Tangible-Asset or its related term are showing as below:
TSX:FOOD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -101.84 Med: -26.08 Max: -4.43
Current: -39.31
During the past 11 years, Goodfood Market's highest Return-on-Tangible-Asset was -4.43%. The lowest was -101.84%. And the median was -26.08%.
TSX:FOOD's Return-on-Tangible-Asset is ranked worse than 92.71% of 96
companies
in the Personal Services industry
Industry Median: 2.635
vs TSX:FOOD: -39.31
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.
Goodfood Market Return-on-Tangible-Asset Related Terms
Goodfood Market Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Goodfood Market'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.
TSX:FOOD vs ROL, SCI, FTDR: Return-on-Tangible-Asset Comparison
For the Personal Services subindustry, Goodfood Market'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.
Goodfood Market Return-on-Tangible-Asset vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Goodfood Market's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Goodfood Market'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 (May. 2026) net income data.
What does a Return-on-Tangible-Asset of -0.73% mean?
Goodfood Market (TSX:FOOD) has a Return-on-Tangible-Asset of -0.73% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Goodfood Market and its competitors. According to the industry distribution chart, Goodfood Market ranks #89 out of 96 companies in the Personal Services industry, placing it in the top 92.7%.
Is Goodfood Market's Return-on-Tangible-Asset too high?
Goodfood Market's current Return-on-Tangible-Asset is -0.73%. Based on the distribution chart, Goodfood Market ranks #89 out of 96 companies in the Personal Services industry, which is in the bottom quartile relative to peers.
How does Goodfood Market's Return-on-Tangible-Asset compare to ROL and SCI?
According to the Personal Services industry distribution chart, Goodfood Market ranks #89 out of 96 companies for Return-on-Tangible-Asset. This places Goodfood Market in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.64. 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 Personal Services company?
The median Return-on-Tangible-Asset among Personal Services companies is 2.64, based on 96 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. 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 Goodfood Market and its competitors. For the Personal Services industry, the median Return-on-Tangible-Asset is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodfood Market's current Return-on-Tangible-Asset is -0.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodfood Market stock overvalued right now?
Based on GuruFocus' analysis, Goodfood Market (TSX:FOOD) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.15, compared to a current price of C$0.04 — trading 76.7% below its estimated fair value. The current Return-on-Tangible-Asset is -0.73%. 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 Goodfood Market (TSX:FOOD), the current Return-on-Tangible-Asset is -0.73% as of May. 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.
Goodfood Market Corp is an online grocery company in Canada that delivers fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfillment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.
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