Dycom IndustriesDY -6.96%86 Return-on-Tangible-Equity is Negative Tangible Equity% as of Apr. 2026. GuruFocus rates DY with a GF Score™ of 86/100 and a GF Value™ of $267.66 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,704 Construction companies, Dycom Industries ranks better than 92.78% 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. Dycom Industries's annualized net income for the quarter that ended in Apr. 2026 was $365 Mil. Dycom Industries's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $-470 Mil. Therefore, Dycom Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Dycom Industries's Return-on-Tangible-Equity or its related term are showing as below:
DY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.35 Med: 33.56 Max: 314.57
Current: 101.05
During the past 13 years, Dycom Industries's highest Return-on-Tangible-Equity was 314.57%. The lowest was 8.35%. And the median was 33.56%.
DY's Return-on-Tangible-Equity is ranked better than 92.78% of 1704
companies
in the Construction industry
Industry Median: 8.245
vs DY: 101.05
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.
Dycom Industries Return-on-Tangible-Equity Related Terms
Dycom Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Dycom Industries'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.
DY vs J, IESC, BLD: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Dycom Industries'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.
Dycom Industries Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Dycom Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dycom Industries'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 Negative Tangible Equity% mean?
Dycom Industries (DY) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Dycom Industries and its competitors. Over the past decade, Dycom Industries' Return-on-Tangible-Equity has ranged from 8.35 to 314.57. According to the industry distribution chart, Dycom Industries ranks #123 out of 1704 companies in the Construction industry, placing it in the top 7.2%.
Is Dycom Industries' Return-on-Tangible-Equity too high?
Dycom Industries' current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 8.35 to a high of 314.57. Based on the distribution chart, Dycom Industries ranks #123 out of 1704 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Dycom Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dycom Industries' Return-on-Tangible-Equity compare to J and IESC?
According to the Construction industry distribution chart, Dycom Industries ranks #123 out of 1704 companies for Return-on-Tangible-Equity. This places Dycom Industries in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.25. Historically, Dycom Industries' own Return-on-Tangible-Equity has ranged from 8.35 to 314.57 over the past decade. 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.25, based on 1,704 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. 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 Dycom Industries and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dycom Industries's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dycom Industries stock overvalued right now?
Based on GuruFocus' analysis, Dycom Industries (DY) is currently considered Significantly Overvalued. The stock's GF Value™ is $267.66, compared to a current price of $437.76 — trading 63.6% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Dycom Industries' overall GF Score™ is 86/100 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 Dycom Industries (DY), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Dycom Industries (DY) Overvalued in 2026?
Based on GuruFocus' analysis, Dycom Industries stock appears to be overvalued.
The current stock price of $437.76 is trading 63.6% above its estimated GF Value™ of $267.66.
GuruFocus considers Dycom Industries to be Significantly Overvalued.
No single metric tells the full story. See the DY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. The company has two reporting segments: Communications and Building Systems. The Communications segment provides specialty contracting services, including program management, planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications and digital infrastructure providers. The Building Systems segment specializes in providing comprehensive building infrastructure solutions, including electrical, energy management, security, and fire safety systems for data centers and other critical facilities. The firm generates key revenue from Communications.
86GF Score
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