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. The Chefs' Warehouse's annualized net income for the quarter that ended in Mar. 2026 was €60 Mil. The Chefs' Warehouse's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €94 Mil. Therefore, The Chefs' Warehouse's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 63.95%.
The historical rank and industry rank for The Chefs' Warehouse's Return-on-Tangible-Equity or its related term are showing as below:
FRA:2CF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -950.29 Med: -23.61 Max: 115.57
Current: 105.08
During the past 13 years, The Chefs' Warehouse's highest Return-on-Tangible-Equity was 115.57%. The lowest was -950.29%. And the median was -23.61%.
FRA:2CF's Return-on-Tangible-Equity is ranked better than 91.28% of 298
companies
in the Retail - Defensive industry
Industry Median: 11.085
vs FRA:2CF: 105.08
The Chefs' Warehouse (FRA:2CF) 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.
The Chefs' Warehouse Return-on-Tangible-Equity Related Terms
The Chefs' Warehouse Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for The Chefs' Warehouse'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.
The Chefs' Warehouse Return-on-Tangible-Equity Chart
FRA:2CF vs UNFI, ANDE, AVO: Return-on-Tangible-Equity Comparison
For the Food Distribution subindustry, The Chefs' Warehouse'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.
The Chefs' Warehouse Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, The Chefs' Warehouse's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where The Chefs' Warehouse'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 63.95% mean?
The Chefs' Warehouse (FRA:2CF) has a Return-on-Tangible-Equity of 63.95% 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 The Chefs' Warehouse and its competitors. According to the industry distribution chart, The Chefs' Warehouse ranks #26 out of 298 companies in the Retail - Defensive industry, placing it in the top 8.7%.
Is The Chefs' Warehouse's Return-on-Tangible-Equity too high?
The Chefs' Warehouse's current Return-on-Tangible-Equity is 63.95%. The Retail - Defensive industry median Return-on-Tangible-Equity is 11.09. The Chefs' Warehouse's value of 63.95% is 476.9% above this industry median. Based on the distribution chart, The Chefs' Warehouse ranks #26 out of 298 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, The Chefs' Warehouse has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does The Chefs' Warehouse's Return-on-Tangible-Equity compare to UNFI and ANDE?
According to the Retail - Defensive industry distribution chart, The Chefs' Warehouse ranks #26 out of 298 companies for Return-on-Tangible-Equity. This places The Chefs' Warehouse in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.09. The Chefs' Warehouse's value of 63.95% is 476.9% above this benchmark. 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. The Chefs' Warehouse's current Return-on-Tangible-Equity of 63.95% is 476.9% 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 The Chefs' Warehouse 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. The Chefs' Warehouse's current Return-on-Tangible-Equity is 63.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Chefs' Warehouse stock overvalued right now?
The Chefs' Warehouse (FRA:2CF) has a current Return-on-Tangible-Equity of 63.95%. The stock's GF Value™ is €45.84, compared to a current price of €83.00 — trading 81.1% above its estimated fair value. The current Return-on-Tangible-Equity is 63.95% and 476.9% above the Retail - Defensive industry median of 11.09. The Chefs' Warehouse's overall GF Score™ is 72/100 with 7 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 The Chefs' Warehouse (FRA:2CF), the current Return-on-Tangible-Equity is 63.95% 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 The Chefs' Warehouse (FRA:2CF) Overvalued in 2026?
Based on GuruFocus' analysis, The Chefs' Warehouse stock appears to be overvalued.
The current stock price of €83.00 is trading 81.1% above its estimated GF Value™ of €45.84.
Key valuation signals for FRA:2CF:
Return-on-Tangible-Equity: 63.95%
GF Value™: €45.84 vs. price of €83.00 (81.1% above fair value)
Industry Position: 476.9% above the Retail - Defensive median (#26 of 298)
No single metric tells the full story. See the FRA:2CF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Chefs' Warehouse Inc is a specialty food distributor in metropolitan areas across the United States, the Middle East and Canada. The company's product portfolio is comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. It operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, midwest, and west coasts of the U.S. The company provides service to restaurants, clubs, hotels, caterers, schools, bakeries, casinos, and specialty food stores.
72GF Score
Get the complete analysis for FRA:2CF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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