Empire CoEMLAF 79 Return-on-Tangible-Equity is 53.89% as of Apr. 2026, which is 44% above its 10-year median of 37.53. GuruFocus rates EMLAF with a GF Score™ of 79/100 and a GF Value™ of $34.58 (Fairly Valued). The stock has 3 warning signs investors should review. Among 298 Retail - Defensive companies, Empire Co ranks worse than 51.68% 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. Empire Co's annualized net income for the quarter that ended in Apr. 2026 was $617 Mil. Empire Co's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $1,144 Mil. Therefore, Empire Co's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 53.89%.
The historical rank and industry rank for Empire Co's Return-on-Tangible-Equity or its related term are showing as below:
EMLAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.81 Med: 37.53 Max: 43.83
Current: 10.67
During the past 13 years, Empire Co's highest Return-on-Tangible-Equity was 43.83%. The lowest was 8.81%. And the median was 37.53%.
EMLAF's Return-on-Tangible-Equity is ranked worse than 51.68% of 298
companies
in the Retail - Defensive industry
Industry Median: 11.085
vs EMLAF: 10.67
Empire Co (OTCPK:EMLAF) 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.
Empire Co Return-on-Tangible-Equity Related Terms
Empire Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Empire 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.
EMLAF vs KR, SFM, ACI: Return-on-Tangible-Equity Comparison
For the Grocery Stores subindustry, Empire 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.
Empire Co Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Empire Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Empire 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 (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 53.89% mean?
Empire Co (EMLAF) has a Return-on-Tangible-Equity of 53.89% 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 Empire Co and its competitors. This is 44% above median its historical median of 37.53. Over the past decade, Empire Co's Return-on-Tangible-Equity has ranged from 8.81 to 43.83. According to the industry distribution chart, Empire Co ranks #154 out of 298 companies in the Retail - Defensive industry, placing it in the top 51.7%.
Is Empire Co's Return-on-Tangible-Equity too high?
Empire Co's current Return-on-Tangible-Equity of 53.89% is 44% above median its 10-year median of 37.53. Over the past 10 years, this metric has ranged from a low of 8.81 to a high of 43.83. The Retail - Defensive industry median Return-on-Tangible-Equity is 11.09. Empire Co's value of 53.89% is 386.2% above this industry median. Based on the distribution chart, Empire Co ranks #154 out of 298 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Empire Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Empire Co's Return-on-Tangible-Equity compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Empire Co ranks #154 out of 298 companies for Return-on-Tangible-Equity. This places Empire Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.09. Empire Co's value of 53.89% is 386.2% above this benchmark. Historically, Empire Co's own Return-on-Tangible-Equity has ranged from 8.81 to 43.83 over the past decade. While the company's 10-year median is 37.53 vs. the industry median of 11.09, Empire 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 - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 11.09, based on 298 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. Empire Co's current Return-on-Tangible-Equity of 53.89% is 386.2% 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 Empire Co and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 11.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire Co's current Return-on-Tangible-Equity is 53.89%, which is 44% above median its own 10-year median of 37.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Co stock overvalued right now?
Based on GuruFocus' analysis, Empire Co (EMLAF) is currently considered Fairly Valued. The stock's GF Value™ is $34.58, compared to a current price of $35.12 — trading 1.6% above its estimated fair value. The current Return-on-Tangible-Equity is 53.89%, which is 44% above median its 10-year median of 37.53 and 386.2% above the Retail - Defensive industry median of 11.09. Empire Co's 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 Empire Co (EMLAF), the current Return-on-Tangible-Equity is 53.89% 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 Empire Co (EMLAF) Overvalued in 2026?
Based on GuruFocus' analysis, Empire Co stock appears to be overvalued.
The current stock price of $35.12 is trading 1.6% above its estimated GF Value™ of $34.58.
GuruFocus considers Empire Co to be Fairly Valued.
Key valuation signals for EMLAF:
Return-on-Tangible-Equity: 53.89% (44% above median its 10-year median of 37.53)
GF Value™: $34.58 vs. price of $35.12 (1.6% above fair value)
Industry Position: 386.2% above the Retail - Defensive median (#154 of 298)
No single metric tells the full story. See the EMLAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empire Co Ltd is a Canadian company whose key businesses are food retailing and related real estate. The Company's business operations were conducted through its two reportable segments: Food retailing and Investments and other operations. The Food retailing segment is comprised of three operating segments: Sobeys National, Farm Boy and Longo's. Food retailing consists of corporate and franchisee-owned retail food stores, and includes convenience and fuel stores, retail pharmacy stores and in-store pharmacies, as well as an e-commerce grocery-business, providing customers offerings in fresh and non-fresh grocery, fuel, pharmacy, health and beauty care and general merchandise. The Investments and other operations consists of investments in Crombie REIT, real estate partnership.
79GF Score
Get the complete analysis for EMLAF
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
EMLAF has been successfully added to your 
