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. General Mills's annualizedNet Income for the quarter that ended in May. 2026 was CHF-6,292 Mil. General Mills's average total tangible assets for the quarter that ended in May. 2026 was CHF7,358 Mil. Therefore, General Mills's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was -85.51%.
The historical rank and industry rank for General Mills's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:GIS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.9 Med: 23.1 Max: 26.62
Current: -0.89
During the past 13 years, General Mills's highest Return-on-Tangible-Asset was 26.62%. The lowest was -0.90%. And the median was 23.10%.
XSWX:GIS's Return-on-Tangible-Asset is ranked worse than 74.58% of 1987
companies
in the Consumer Packaged Goods industry
Industry Median: 3.38
vs XSWX:GIS: -0.89
General Mills (XSWX:GIS) 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.
General Mills Return-on-Tangible-Asset Related Terms
General Mills Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for General Mills'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.
XSWX:GIS vs HRL, MKC, JBS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, General Mills'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.
General Mills Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where General Mills'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 -85.51% mean?
General Mills (XSWX:GIS) has a Return-on-Tangible-Asset of -85.51% 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 General Mills and its competitors. According to the industry distribution chart, General Mills ranks #1482 out of 1987 companies in the Consumer Packaged Goods industry, placing it in the top 74.6%.
Is General Mills' Return-on-Tangible-Asset too high?
General Mills' current Return-on-Tangible-Asset is -85.51%. Based on the distribution chart, General Mills ranks #1482 out of 1987 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, General Mills has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does General Mills' Return-on-Tangible-Asset compare to HRL and MKC?
According to the Consumer Packaged Goods industry distribution chart, General Mills ranks #1482 out of 1987 companies for Return-on-Tangible-Asset. This places General Mills in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.38. 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.38, based on 1,987 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 General Mills and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Mills's current Return-on-Tangible-Asset is -85.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Mills stock overvalued right now?
General Mills (XSWX:GIS) has a current Return-on-Tangible-Asset of -85.51%. The stock's GF Value™ is CHF50.07, compared to a current price of CHF29.07 — trading 41.9% below its estimated fair value. The current Return-on-Tangible-Asset is -85.51%. General Mills' overall GF Score™ is 52/100 with 6 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 General Mills (XSWX:GIS), the current Return-on-Tangible-Asset is -85.51% 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.
Is General Mills (XSWX:GIS) Overvalued in 2026?
Based on GuruFocus' analysis, General Mills stock appears to be undervalued.
The current stock price of CHF29.07 is trading 41.9% below its estimated GF Value™ of CHF50.07.
Key valuation signals for XSWX:GIS:
Return-on-Tangible-Asset: -85.51%
GF Value™: CHF50.07 vs. price of CHF29.07 (41.9% below fair value)
No single metric tells the full story. See the XSWX:GIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
General Mills is a global packaged-food company that produces snacks, cereal, convenient meals, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2025, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.
52GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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