WingstopWING -2.81%82 Return-on-Tangible-Asset is 21.55% as of Mar. 2026, which is 30% below its 10-year median of 30.93. GuruFocus rates WING with a GF Score™ of 82/100 and a GF Value™ of $383.42 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 362 Restaurants companies, Wingstop ranks better than 95.03% 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. Wingstop's annualizedNet Income for the quarter that ended in Mar. 2026 was $119.5 Mil. Wingstop's average total tangible assets for the quarter that ended in Mar. 2026 was $554.6 Mil. Therefore, Wingstop's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.55%.
The historical rank and industry rank for Wingstop's Return-on-Tangible-Asset or its related term are showing as below:
WING'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 19.26 Med: 30.93 Max: 113.81
Current: 19.26
During the past 13 years, Wingstop's highest Return-on-Tangible-Asset was 113.81%. The lowest was 19.26%. And the median was 30.93%.
WING's Return-on-Tangible-Asset is ranked better than 95.03% of 362
companies
in the Restaurants industry
Industry Median: 2.48
vs WING: 19.26
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.
Wingstop Return-on-Tangible-Asset Related Terms
Wingstop Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wingstop'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.
WING vs CAKE, SHAK, ARCO: Return-on-Tangible-Asset Comparison
For the Restaurants subindustry, Wingstop'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.
Wingstop Return-on-Tangible-Asset vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Wingstop's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wingstop'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 21.55% mean?
Wingstop (WING) has a Return-on-Tangible-Asset of 21.55% 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 Wingstop and its competitors. This is 30% below median its historical median of 30.93. Over the past decade, Wingstop's Return-on-Tangible-Asset has ranged from 19.26 to 113.81. According to the industry distribution chart, Wingstop ranks #18 out of 362 companies in the Restaurants industry, placing it in the top 5%.
Is Wingstop's Return-on-Tangible-Asset too high?
Wingstop's current Return-on-Tangible-Asset of 21.55% is 30% below median its 10-year median of 30.93. Over the past 10 years, this metric has ranged from a low of 19.26 to a high of 113.81. The Restaurants industry median Return-on-Tangible-Asset is 2.48. Wingstop's value of 21.55% is 769% above this industry median. Based on the distribution chart, Wingstop ranks #18 out of 362 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Wingstop has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wingstop's Return-on-Tangible-Asset compare to CAKE and SHAK?
According to the Restaurants industry distribution chart, Wingstop ranks #18 out of 362 companies for Return-on-Tangible-Asset. This places Wingstop in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.48. Wingstop's value of 21.55% is 769% above this benchmark. Historically, Wingstop's own Return-on-Tangible-Asset has ranged from 19.26 to 113.81 over the past decade. While the company's 10-year median is 30.93 vs. the industry median of 2.48, Wingstop 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 Restaurants company?
The median Return-on-Tangible-Asset among Restaurants companies is 2.48, based on 362 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. Wingstop's current Return-on-Tangible-Asset of 21.55% is 769% 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 Wingstop and its competitors. For the Restaurants industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wingstop's current Return-on-Tangible-Asset is 21.55%, which is 30% below median its own 10-year median of 30.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wingstop stock overvalued right now?
Based on GuruFocus' analysis, Wingstop (WING) is currently considered Significantly Undervalued. The stock's GF Value™ is $383.42, compared to a current price of $153.29 — trading 60% below its estimated fair value. The current Return-on-Tangible-Asset is 21.55%, which is 30% below median its 10-year median of 30.93 and 769% above the Restaurants industry median of 2.48. Wingstop's overall GF Score™ is 82/100 with 2 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 Wingstop (WING), the current Return-on-Tangible-Asset is 21.55% 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 Wingstop (WING) Overvalued in 2026?
Based on GuruFocus' analysis, Wingstop stock appears to be undervalued.
The current stock price of $153.29 is trading 60% below its estimated GF Value™ of $383.42.
GuruFocus considers Wingstop to be Significantly Undervalued.
Key valuation signals for WING:
Return-on-Tangible-Asset: 21.55% (30% below median its 10-year median of 30.93)
GF Value™: $383.42 vs. price of $153.29 (60% below fair value)
Industry Position: 769% above the Restaurants median (#18 of 362)
No single metric tells the full story. See the WING stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wingstop is a fast casual restaurant concept built around a simple chicken-centric menu. The firm primarily offers bone-in and boneless wings, tenders, and a chicken sandwich, customizable across 12 flavors. The banner generated $5.3 billion in system sales in 2025 across 3,056 units, with 85% located in the US. Wingstop largely operates as a franchisor, with 98% of units franchised, and earns revenue largely from collecting royalties and advertising fees paid by franchisees, with a smaller contribution from company-owned restaurant sales.
82GF Score
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