Casey's General StoresCASY +0.17%84 Return-on-Tangible-Equity is 24.70% as of Apr. 2026, which is 15% above its 10-year median of 21.39. GuruFocus rates CASY with a GF Score™ of 84/100 and a GF Value™ of $480.72 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,058 Retail - Cyclical companies, Casey's General Stores ranks better than 79.77% 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. Casey's General Stores's annualized net income for the quarter that ended in Apr. 2026 was $651 Mil. Casey's General Stores's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $2,635 Mil. Therefore, Casey's General Stores's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 24.70%.
The historical rank and industry rank for Casey's General Stores's Return-on-Tangible-Equity or its related term are showing as below:
CASY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.12 Med: 21.39 Max: 29.05
Current: 28.64
During the past 13 years, Casey's General Stores's highest Return-on-Tangible-Equity was 29.05%. The lowest was 17.12%. And the median was 21.39%.
CASY's Return-on-Tangible-Equity is ranked better than 79.77% of 1058
companies
in the Retail - Cyclical industry
Industry Median: 8.4
vs CASY: 28.64
Casey's General Stores (NAS:CASY) 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.
Casey's General Stores Return-on-Tangible-Equity Related Terms
Casey's General Stores Return-on-Tangible-Equity Historical Data
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The historical data trend for Casey's General Stores'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.
Casey's General Stores Return-on-Tangible-Equity Chart
CASY vs WSM, DKS, ULTA: Return-on-Tangible-Equity Comparison
For the Specialty Retail subindustry, Casey's General Stores'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.
Casey's General Stores Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Casey's General Stores'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 24.70% mean?
Casey's General Stores (CASY) has a Return-on-Tangible-Equity of 24.70% 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 Casey's General Stores and its competitors. This is 15% above median its historical median of 21.39. Over the past decade, Casey's General Stores' Return-on-Tangible-Equity has ranged from 17.12 to 29.05. According to the industry distribution chart, Casey's General Stores ranks #214 out of 1058 companies in the Retail - Cyclical industry, placing it in the top 20.2%.
Is Casey's General Stores' Return-on-Tangible-Equity too high?
Casey's General Stores' current Return-on-Tangible-Equity of 24.70% is 15% above median its 10-year median of 21.39. Over the past 10 years, this metric has ranged from a low of 17.12 to a high of 29.05. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.40. Casey's General Stores' value of 24.70% is 194% above this industry median. Based on the distribution chart, Casey's General Stores ranks #214 out of 1058 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Casey's General Stores has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Casey's General Stores' Return-on-Tangible-Equity compare to WSM and DKS?
According to the Retail - Cyclical industry distribution chart, Casey's General Stores ranks #214 out of 1058 companies for Return-on-Tangible-Equity. This places Casey's General Stores in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.40. Casey's General Stores' value of 24.70% is 194% above this benchmark. Historically, Casey's General Stores' own Return-on-Tangible-Equity has ranged from 17.12 to 29.05 over the past decade. While the company's 10-year median is 21.39 vs. the industry median of 8.40, Casey's General Stores 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. Casey's General Stores's current Return-on-Tangible-Equity of 24.70% is 194% 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 Casey's General Stores 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. Casey's General Stores's current Return-on-Tangible-Equity is 24.70%, which is 15% above median its own 10-year median of 21.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casey's General Stores stock overvalued right now?
Based on GuruFocus' analysis, Casey's General Stores (CASY) is currently considered Significantly Overvalued. The stock's GF Value™ is $480.72, compared to a current price of $780.24 — trading 62.3% above its estimated fair value. The current Return-on-Tangible-Equity is 24.70%, which is 15% above median its 10-year median of 21.39 and 194% above the Retail - Cyclical industry median of 8.40. Casey's General Stores' overall GF Score™ is 84/100 with 1 warning sign 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 Casey's General Stores (CASY), the current Return-on-Tangible-Equity is 24.70% 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 Casey's General Stores (CASY) Overvalued in 2026?
Based on GuruFocus' analysis, Casey's General Stores stock appears to be overvalued.
The current stock price of $780.24 is trading 62.3% above its estimated GF Value™ of $480.72.
GuruFocus considers Casey's General Stores to be Significantly Overvalued.
Key valuation signals for CASY:
Return-on-Tangible-Equity: 24.70% (15% above median its 10-year median of 21.39)
GF Value™: $480.72 vs. price of $780.24 (62.3% above fair value)
Industry Position: 194% above the Retail - Cyclical median (#214 of 1058)
No single metric tells the full story. See the CASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Casey's General Stores Inc serves as convenience store chain with its 2,900 locations, positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two-thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates the majority of its warehousing and distribution processes internally.
84GF Score
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