Academy Sports and OutdoorsASO -2.99%79 Return-on-Tangible-Equity is 29.93% as of Apr. 2026, which is 73% below its 10-year median of 112.67. GuruFocus rates ASO with a GF Score™ of 79/100 and a GF Value™ of $59.41 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,058 Retail - Cyclical companies, Academy Sports and Outdoors ranks better than 89.41% 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. Academy Sports and Outdoors's annualized net income for the quarter that ended in Apr. 2026 was $211 Mil. Academy Sports and Outdoors's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $704 Mil. Therefore, Academy Sports and Outdoors's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 29.93%.
The historical rank and industry rank for Academy Sports and Outdoors's Return-on-Tangible-Equity or its related term are showing as below:
ASO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 58.29 Med: 112.67 Max: 580.19
Current: 58.92
During the past 9 years, Academy Sports and Outdoors's highest Return-on-Tangible-Equity was 580.19%. The lowest was 58.29%. And the median was 112.67%.
ASO's Return-on-Tangible-Equity is ranked better than 89.41% of 1058
companies
in the Retail - Cyclical industry
Industry Median: 8.4
vs ASO: 58.92
Academy Sports and Outdoors (NAS:ASO) 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.
Academy Sports and Outdoors Return-on-Tangible-Equity Related Terms
Academy Sports and Outdoors Return-on-Tangible-Equity Historical Data
* 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.
Academy Sports and Outdoors Return-on-Tangible-Equity Chart
ASO vs RH, MNSO, BOBS: Return-on-Tangible-Equity Comparison
For the Specialty Retail subindustry, Academy Sports and Outdoors'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.
Academy Sports and Outdoors Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Academy Sports and Outdoors'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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 29.93% mean?
Academy Sports and Outdoors (ASO) has a Return-on-Tangible-Equity of 29.93% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Academy Sports and Outdoors and its competitors. This is 73% below median its historical median of 112.67. Over the past decade, Academy Sports and Outdoors' Return-on-Tangible-Equity has ranged from 58.29 to 580.19. According to the industry distribution chart, Academy Sports and Outdoors ranks #112 out of 1058 companies in the Retail - Cyclical industry, placing it in the top 10.6%.
Is Academy Sports and Outdoors' Return-on-Tangible-Equity too high?
Academy Sports and Outdoors' current Return-on-Tangible-Equity of 29.93% is 73% below median its 10-year median of 112.67. Over the past 10 years, this metric has ranged from a low of 58.29 to a high of 580.19. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.40. Academy Sports and Outdoors' value of 29.93% is 256.3% above this industry median. Based on the distribution chart, Academy Sports and Outdoors ranks #112 out of 1058 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Academy Sports and Outdoors has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Academy Sports and Outdoors' Return-on-Tangible-Equity compare to RH and MNSO?
According to the Retail - Cyclical industry distribution chart, Academy Sports and Outdoors ranks #112 out of 1058 companies for Return-on-Tangible-Equity. This places Academy Sports and Outdoors in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.40. Academy Sports and Outdoors' value of 29.93% is 256.3% above this benchmark. Historically, Academy Sports and Outdoors' own Return-on-Tangible-Equity has ranged from 58.29 to 580.19 over the past decade. While the company's 10-year median is 112.67 vs. the industry median of 8.40, Academy Sports and Outdoors 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.40, based on 1,058 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. Academy Sports and Outdoors's current Return-on-Tangible-Equity of 29.93% is 256.3% 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 Academy Sports and Outdoors and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Academy Sports and Outdoors's current Return-on-Tangible-Equity is 29.93%, which is 73% below median its own 10-year median of 112.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Academy Sports and Outdoors stock overvalued right now?
Based on GuruFocus' analysis, Academy Sports and Outdoors (ASO) is currently considered Modestly Undervalued. The stock's GF Value™ is $59.41, compared to a current price of $46.98 — trading 20.9% below its estimated fair value. The current Return-on-Tangible-Equity is 29.93%, which is 73% below median its 10-year median of 112.67 and 256.3% above the Retail - Cyclical industry median of 8.40. Academy Sports and Outdoors' overall GF Score™ is 79/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Academy Sports and Outdoors (ASO), the current Return-on-Tangible-Equity is 29.93% as of Apr. 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 Academy Sports and Outdoors (ASO) Overvalued in 2026?
Based on GuruFocus' analysis, Academy Sports and Outdoors stock appears to be undervalued.
The current stock price of $46.98 is trading 20.9% below its estimated GF Value™ of $59.41.
GuruFocus considers Academy Sports and Outdoors to be Modestly Undervalued.
Key valuation signals for ASO:
Return-on-Tangible-Equity: 29.93% (73% below median its 10-year median of 112.67)
GF Value™: $59.41 vs. price of $46.98 (20.9% below fair value)
Industry Position: 256.3% above the Retail - Cyclical median (#112 of 1058)
No single metric tells the full story. See the ASO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Academy Sports and Outdoors Inc is engaged in the full-line sporting goods and outdoor recreation retailer in the United States. The company's product categories are outdoors, apparel, sports & recreation, and footwear.
79GF Score
Get the complete analysis for ASO
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASO has been successfully added to your 
