Vulcan Materials CoVMC -0.52%91 Return-on-Tangible-Equity is 20.54% as of Mar. 2026, which is 56% below its 10-year median of 46.87. GuruFocus rates VMC with a GF Score™ of 91/100 and a GF Value™ of $277.27 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 399 Building Materials companies, Vulcan Materials Co ranks better than 93.73% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Vulcan Materials Co's annualized net income for the quarter that ended in Mar. 2026 was $662 Mil. Vulcan Materials Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $3,223 Mil. Therefore, Vulcan Materials Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.54%.
The historical rank and industry rank for Vulcan Materials Co's Return-on-Tangible-Equity or its related term are showing as below:
VMC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 36.93 Med: 46.87 Max: 80.61
Current: 37.71
During the past 13 years, Vulcan Materials Co's highest Return-on-Tangible-Equity was 80.61%. The lowest was 36.93%. And the median was 46.87%.
VMC's Return-on-Tangible-Equity is ranked better than 93.73% of 399
companies
in the Building Materials industry
Industry Median: 5.08
vs VMC: 37.71
Vulcan Materials Co (NYSE:VMC) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Vulcan Materials Co Return-on-Tangible-Equity Related Terms
Vulcan Materials Co Return-on-Tangible-Equity Historical Data
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The historical data trend for Vulcan Materials Co's Return-on-Tangible-Equity 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.
Vulcan Materials Co Return-on-Tangible-Equity Chart
VMC vs MLM, JHX, EXP: Return-on-Tangible-Equity Comparison
For the Building Materials subindustry, Vulcan Materials Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Vulcan Materials Co Return-on-Tangible-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Vulcan Materials Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vulcan Materials Co's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 20.54% mean?
Vulcan Materials Co (VMC) has a Return-on-Tangible-Equity of 20.54% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vulcan Materials Co and its competitors. This is 56% below median its historical median of 46.87. Over the past decade, Vulcan Materials Co's Return-on-Tangible-Equity has ranged from 36.93 to 80.61. According to the industry distribution chart, Vulcan Materials Co ranks #25 out of 399 companies in the Building Materials industry, placing it in the top 6.3%.
Is Vulcan Materials Co's Return-on-Tangible-Equity too high?
Vulcan Materials Co's current Return-on-Tangible-Equity of 20.54% is 56% below median its 10-year median of 46.87. Over the past 10 years, this metric has ranged from a low of 36.93 to a high of 80.61. The Building Materials industry median Return-on-Tangible-Equity is 5.08. Vulcan Materials Co's value of 20.54% is 304.3% above this industry median. Based on the distribution chart, Vulcan Materials Co ranks #25 out of 399 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Vulcan Materials Co has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Materials Co's Return-on-Tangible-Equity compare to MLM and JHX?
According to the Building Materials industry distribution chart, Vulcan Materials Co ranks #25 out of 399 companies for Return-on-Tangible-Equity. This places Vulcan Materials Co in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.08. Vulcan Materials Co's value of 20.54% is 304.3% above this benchmark. Historically, Vulcan Materials Co's own Return-on-Tangible-Equity has ranged from 36.93 to 80.61 over the past decade. While the company's 10-year median is 46.87 vs. the industry median of 5.08, Vulcan Materials Co 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-Equity for a Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.08, based on 399 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vulcan Materials Co's current Return-on-Tangible-Equity of 20.54% is 304.3% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vulcan Materials Co and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Materials Co's current Return-on-Tangible-Equity is 20.54%, which is 56% below median its own 10-year median of 46.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Materials Co (VMC) is currently considered Modestly Overvalued. The stock's GF Value™ is $277.27, compared to a current price of $311.35 — trading 12.3% above its estimated fair value. The current Return-on-Tangible-Equity is 20.54%, which is 56% below median its 10-year median of 46.87 and 304.3% above the Building Materials industry median of 5.08. Vulcan Materials Co's overall GF Score™ is 91/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Vulcan Materials Co (VMC), the current Return-on-Tangible-Equity is 20.54% 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 Vulcan Materials Co (VMC) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Materials Co stock appears to be overvalued.
The current stock price of $311.35 is trading 12.3% above its estimated GF Value™ of $277.27.
GuruFocus considers Vulcan Materials Co to be Modestly Overvalued.
Key valuation signals for VMC:
Return-on-Tangible-Equity: 20.54% (56% below median its 10-year median of 46.87)
GF Value™: $277.27 vs. price of $311.35 (12.3% above fair value)
Industry Position: 304.3% above the Building Materials median (#25 of 399)
No single metric tells the full story. See the VMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2024, Vulcan sold 219.9 million tons of aggregates, 13.6 million tons of asphalt mix, and 3.6 million cubic yards of ready-mix. As of Dec. 31, 2024, the company had 16.5 billion tons of aggregate reserves.
91GF Score
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