Dick's Sporting GoodsFRA:DSG +2.41%96 Return-on-Tangible-Equity is 32.33% as of Apr. 2026, which is 15% above its 10-year median of 28.11. GuruFocus rates FRA:DSG with a GF Score™ of 96/100 and a GF Value™ of €243.79 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,056 Retail - Cyclical companies, Dick's Sporting Goods ranks better than 77.08% 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. Dick's Sporting Goods's annualized net income for the quarter that ended in Apr. 2026 was €1,094 Mil. Dick's Sporting Goods's average shareholder tangible equity for the quarter that ended in Apr. 2026 was €3,384 Mil. Therefore, Dick's Sporting Goods's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 32.33%.
The historical rank and industry rank for Dick's Sporting Goods's Return-on-Tangible-Equity or its related term are showing as below:
FRA:DSG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 19.02 Med: 28.11 Max: 80.57
Current: 25.48
During the past 13 years, Dick's Sporting Goods's highest Return-on-Tangible-Equity was 80.57%. The lowest was 19.02%. And the median was 28.11%.
FRA:DSG's Return-on-Tangible-Equity is ranked better than 77.08% of 1056
companies
in the Retail - Cyclical industry
Industry Median: 8.34
vs FRA:DSG: 25.48
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.
Dick's Sporting Goods Return-on-Tangible-Equity Related Terms
Dick's Sporting Goods Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Dick's Sporting Goods'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.
FRA:DSG vs ULTA, BBY, TSCO: Return-on-Tangible-Equity Comparison
For the Specialty Retail subindustry, Dick's Sporting Goods'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.
Dick's Sporting Goods Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Dick's Sporting Goods's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dick's Sporting Goods'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 32.33% mean?
Dick's Sporting Goods (FRA:DSG) has a Return-on-Tangible-Equity of 32.33% 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 Dick's Sporting Goods and its competitors. This is 15% above median its historical median of 28.11. Over the past decade, Dick's Sporting Goods' Return-on-Tangible-Equity has ranged from 19.02 to 80.57. According to the industry distribution chart, Dick's Sporting Goods ranks #242 out of 1056 companies in the Retail - Cyclical industry, placing it in the top 22.9%.
Is Dick's Sporting Goods' Return-on-Tangible-Equity too high?
Dick's Sporting Goods' current Return-on-Tangible-Equity of 32.33% is 15% above median its 10-year median of 28.11. Over the past 10 years, this metric has ranged from a low of 19.02 to a high of 80.57. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.34. Dick's Sporting Goods' value of 32.33% is 287.6% above this industry median. Based on the distribution chart, Dick's Sporting Goods ranks #242 out of 1056 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Dick's Sporting Goods has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dick's Sporting Goods' Return-on-Tangible-Equity compare to ULTA and BBY?
According to the Retail - Cyclical industry distribution chart, Dick's Sporting Goods ranks #242 out of 1056 companies for Return-on-Tangible-Equity. This places Dick's Sporting Goods in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.34. Dick's Sporting Goods' value of 32.33% is 287.6% above this benchmark. Historically, Dick's Sporting Goods' own Return-on-Tangible-Equity has ranged from 19.02 to 80.57 over the past decade. While the company's 10-year median is 28.11 vs. the industry median of 8.34, Dick's Sporting Goods 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. Dick's Sporting Goods's current Return-on-Tangible-Equity of 32.33% is 287.6% 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 Dick's Sporting Goods 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. Dick's Sporting Goods's current Return-on-Tangible-Equity is 32.33%, which is 15% above median its own 10-year median of 28.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dick's Sporting Goods stock overvalued right now?
Based on GuruFocus' analysis, Dick's Sporting Goods (FRA:DSG) is currently considered Modestly Undervalued. The stock's GF Value™ is €243.79, compared to a current price of €191.10 — trading 21.6% below its estimated fair value. The current Return-on-Tangible-Equity is 32.33%, which is 15% above median its 10-year median of 28.11 and 287.6% above the Retail - Cyclical industry median of 8.34. Dick's Sporting Goods' overall GF Score™ is 96/100 with 6 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 Dick's Sporting Goods (FRA:DSG), the current Return-on-Tangible-Equity is 32.33% 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 Dick's Sporting Goods (FRA:DSG) Overvalued in 2026?
Based on GuruFocus' analysis, Dick's Sporting Goods stock appears to be undervalued.
The current stock price of €191.10 is trading 21.6% below its estimated GF Value™ of €243.79.
GuruFocus considers Dick's Sporting Goods to be Modestly Undervalued.
Key valuation signals for FRA:DSG:
Return-on-Tangible-Equity: 32.33% (15% above median its 10-year median of 28.11)
GF Value™: €243.79 vs. price of €191.10 (21.6% below fair value)
Industry Position: 287.6% above the Retail - Cyclical median (#242 of 1056)
No single metric tells the full story. See the FRA:DSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dick's Sporting Goods is a retailer that offers sports and outdoor apparel, footwear, and equipment online and in physical stores. The company's legacy business includes more than 700 stores under its own name, more than 110 Golf Galaxy golf specialty stores, and about 50 outlet stores. In September 2025, Dick's acquired multinational retailer Foot Locker. With this move, Dick's added about 2,600 stores under the Foot Locker, Kids Foot Locker, Champs Sports, atmos, and WSS nameplates in North America, the Asia-Pacific, and EMEA—Europe, the Middle East, and Africa. The combined Dick's and Foot Locker has an annual sales base of more than $22 billion. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chair and controlling shareholder Edward Stack.
96GF Score
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