Where Food Comes FromWFCF -5.48%81 Return-on-Tangible-Asset is 4.32% as of Mar. 2026, which is 70% below its 10-year median of 14.20. GuruFocus rates WFCF with a GF Score™ of 81/100 and a GF Value™ of $12.44 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,097 Business Services companies, Where Food Comes From ranks better than 87.69% 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. Where Food Comes From's annualizedNet Income for the quarter that ended in Mar. 2026 was $0.37 Mil. Where Food Comes From's average total tangible assets for the quarter that ended in Mar. 2026 was $8.52 Mil. Therefore, Where Food Comes From's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.32%.
The historical rank and industry rank for Where Food Comes From's Return-on-Tangible-Asset or its related term are showing as below:
WFCF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.22 Med: 14.2 Max: 21.26
Current: 15.32
During the past 13 years, Where Food Comes From's highest Return-on-Tangible-Asset was 21.26%. The lowest was 2.22%. And the median was 14.20%.
WFCF's Return-on-Tangible-Asset is ranked better than 87.69% of 1097
companies
in the Business Services industry
Industry Median: 3.94
vs WFCF: 15.32
Where Food Comes From (NAS:WFCF) 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.
Where Food Comes From Return-on-Tangible-Asset Related Terms
Where Food Comes From Return-on-Tangible-Asset Historical Data
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The historical data trend for Where Food Comes From'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.
Where Food Comes From Return-on-Tangible-Asset Chart
WFCF vs ANPA, DLHC, TISI: Return-on-Tangible-Asset Comparison
For the Specialty Business Services subindustry, Where Food Comes From'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.
Where Food Comes From Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Where Food Comes From's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Where Food Comes From'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 4.32% mean?
Where Food Comes From (WFCF) has a Return-on-Tangible-Asset of 4.32% 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 Where Food Comes From and its competitors. This is 70% below median its historical median of 14.20. Over the past decade, Where Food Comes From's Return-on-Tangible-Asset has ranged from 2.22 to 21.26. According to the industry distribution chart, Where Food Comes From ranks #135 out of 1097 companies in the Business Services industry, placing it in the top 12.3%.
Is Where Food Comes From's Return-on-Tangible-Asset too high?
Where Food Comes From's current Return-on-Tangible-Asset of 4.32% is 70% below median its 10-year median of 14.20. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 21.26. The Business Services industry median Return-on-Tangible-Asset is 3.94. Where Food Comes From's value of 4.32% is 9.6% above this industry median. Based on the distribution chart, Where Food Comes From ranks #135 out of 1097 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Where Food Comes From has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Where Food Comes From's Return-on-Tangible-Asset compare to ANPA and DLHC?
According to the Business Services industry distribution chart, Where Food Comes From ranks #135 out of 1097 companies for Return-on-Tangible-Asset. This places Where Food Comes From in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.94. Where Food Comes From's value of 4.32% is 9.6% above this benchmark. Historically, Where Food Comes From's own Return-on-Tangible-Asset has ranged from 2.22 to 21.26 over the past decade. While the company's 10-year median is 14.20 vs. the industry median of 3.94, Where Food Comes From 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.94, based on 1,097 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. Where Food Comes From's current Return-on-Tangible-Asset of 4.32% is 9.6% 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 Where Food Comes From and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Where Food Comes From's current Return-on-Tangible-Asset is 4.32%, which is 70% below median its own 10-year median of 14.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Where Food Comes From stock overvalued right now?
Based on GuruFocus' analysis, Where Food Comes From (WFCF) is currently considered Fairly Valued. The stock's GF Value™ is $12.44, compared to a current price of $12.42 — trading 0.2% below its estimated fair value. The current Return-on-Tangible-Asset is 4.32%, which is 70% below median its 10-year median of 14.20 and 9.6% above the Business Services industry median of 3.94. Where Food Comes From's overall GF Score™ is 81/100 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 Where Food Comes From (WFCF), the current Return-on-Tangible-Asset is 4.32% 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 Where Food Comes From (WFCF) Overvalued in 2026?
Based on GuruFocus' analysis, Where Food Comes From stock appears to be undervalued.
The current stock price of $12.42 is trading 0.2% below its estimated GF Value™ of $12.44.
GuruFocus considers Where Food Comes From to be Fairly Valued.
Key valuation signals for WFCF:
Return-on-Tangible-Asset: 4.32% (70% below median its 10-year median of 14.20)
GF Value™: $12.44 vs. price of $12.42 (0.2% below fair value)
Industry Position: 9.6% above the Business Services median (#135 of 1097)
No single metric tells the full story. See the WFCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Where Food Comes From Inc is a third-party food verification company conducting both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural and aquaculture products are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, and restaurants with a wide variety of value-added services provided through its family of verifiers, including International Certification Services, Validus Verification Services, and others. It also provides a wide range of professional consulting services. It generates the majority of its revenue from Verification and certification services.
81GF Score
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