Tractor Supply CoBSP:T1SC34 +2.12%80 Return-on-Tangible-Equity is 29.96% as of Mar. 2026, which is 39% below its 10-year median of 48.76. GuruFocus rates BSP:T1SC34 with a GF Score™ of 80/100 and a GF Value™ of R$16.14 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,056 Retail - Cyclical companies, Tractor Supply Co ranks better than 89.02% 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. Tractor Supply Co's annualized net income for the quarter that ended in Mar. 2026 was R$3,442 Mil. Tractor Supply Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$11,485 Mil. Therefore, Tractor Supply Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 29.96%.
The historical rank and industry rank for Tractor Supply Co's Return-on-Tangible-Equity or its related term are showing as below:
BSP:T1SC34'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 32.24 Med: 48.76 Max: 60.35
Current: 51.98
During the past 13 years, Tractor Supply Co's highest Return-on-Tangible-Equity was 60.35%. The lowest was 32.24%. And the median was 48.76%.
BSP:T1SC34's Return-on-Tangible-Equity is ranked better than 89.02% of 1056
companies
in the Retail - Cyclical industry
Industry Median: 8.34
vs BSP:T1SC34: 51.98
Tractor Supply Co (BSP:T1SC34) 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.
Tractor Supply Co Return-on-Tangible-Equity Related Terms
Tractor Supply Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tractor Supply 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.
BSP:T1SC34 vs BBY, ULTA, DKS: Return-on-Tangible-Equity Comparison
For the Specialty Retail subindustry, Tractor Supply 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.
Tractor Supply Co Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tractor Supply 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 29.96% mean?
Tractor Supply Co (BSP:T1SC34) has a Return-on-Tangible-Equity of 29.96% 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 Tractor Supply Co and its competitors. This is 39% below median its historical median of 48.76. Over the past decade, Tractor Supply Co's Return-on-Tangible-Equity has ranged from 32.24 to 60.35. According to the industry distribution chart, Tractor Supply Co ranks #116 out of 1056 companies in the Retail - Cyclical industry, placing it in the top 11%.
Is Tractor Supply Co's Return-on-Tangible-Equity too high?
Tractor Supply Co's current Return-on-Tangible-Equity of 29.96% is 39% below median its 10-year median of 48.76. Over the past 10 years, this metric has ranged from a low of 32.24 to a high of 60.35. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.34. Tractor Supply Co's value of 29.96% is 259.2% above this industry median. Based on the distribution chart, Tractor Supply Co ranks #116 out of 1056 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Tractor Supply Co has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tractor Supply Co's Return-on-Tangible-Equity compare to BBY and ULTA?
According to the Retail - Cyclical industry distribution chart, Tractor Supply Co ranks #116 out of 1056 companies for Return-on-Tangible-Equity. This places Tractor Supply Co in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.34. Tractor Supply Co's value of 29.96% is 259.2% above this benchmark. Historically, Tractor Supply Co's own Return-on-Tangible-Equity has ranged from 32.24 to 60.35 over the past decade. While the company's 10-year median is 48.76 vs. the industry median of 8.34, Tractor Supply 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.34, based on 1,056 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. Tractor Supply Co's current Return-on-Tangible-Equity of 29.96% is 259.2% 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 Tractor Supply Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tractor Supply Co's current Return-on-Tangible-Equity is 29.96%, which is 39% below median its own 10-year median of 48.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tractor Supply Co stock overvalued right now?
Based on GuruFocus' analysis, Tractor Supply Co (BSP:T1SC34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$16.14, compared to a current price of R$8.66 — trading 46.3% below its estimated fair value. The current Return-on-Tangible-Equity is 29.96%, which is 39% below median its 10-year median of 48.76 and 259.2% above the Retail - Cyclical industry median of 8.34. Tractor Supply Co's overall GF Score™ is 80/100 with 4 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 Tractor Supply Co (BSP:T1SC34), the current Return-on-Tangible-Equity is 29.96% 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 Tractor Supply Co (BSP:T1SC34) Overvalued in 2026?
Based on GuruFocus' analysis, Tractor Supply Co stock appears to be undervalued.
The current stock price of R$8.66 is trading 46.3% below its estimated GF Value™ of R$16.14.
GuruFocus considers Tractor Supply Co to be Significantly Undervalued.
Key valuation signals for BSP:T1SC34:
Return-on-Tangible-Equity: 29.96% (39% below median its 10-year median of 48.76)
GF Value™: R$16.14 vs. price of R$8.66 (46.3% below fair value)
Industry Position: 259.2% above the Retail - Cyclical median (#116 of 1056)
No single metric tells the full story. See the BSP:T1SC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. As of March 2026, the company operated 2,435 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities rather than urban and suburban areas. In fiscal 2025, revenue consisted of livestock, equine & agriculture (around 27%); companion animal (24%); seasonal & recreation (around 24%); truck, tool, & hardware (15%); and clothing, gift, and décor (10%).
80GF Score
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