United Natural FoodsFRA:UN3 +1.08%58 Return-on-Tangible-Equity is 12.95% as of Apr. 2026, which is 70% above its 10-year median of 7.63. GuruFocus rates FRA:UN3 with a GF Score™ of 58/100 and a GF Value™ of €18.27 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 300 Retail - Defensive companies, United Natural Foods ranks worse than 87.33% 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. United Natural Foods's annualized net income for the quarter that ended in Apr. 2026 was €113 Mil. United Natural Foods's average shareholder tangible equity for the quarter that ended in Apr. 2026 was €871 Mil. Therefore, United Natural Foods's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 12.95%.
The historical rank and industry rank for United Natural Foods's Return-on-Tangible-Equity or its related term are showing as below:
FRA:UN3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -421.73 Med: 7.63 Max: 39.26
Current: -3.81
During the past 13 years, United Natural Foods's highest Return-on-Tangible-Equity was 39.26%. The lowest was -421.73%. And the median was 7.63%.
FRA:UN3's Return-on-Tangible-Equity is ranked worse than 87.33% of 300
companies
in the Retail - Defensive industry
Industry Median: 11.085
vs FRA:UN3: -3.81
United Natural Foods (FRA:UN3) 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.
United Natural Foods Return-on-Tangible-Equity Related Terms
United Natural Foods Return-on-Tangible-Equity Historical Data
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The historical data trend for United Natural Foods'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.
United Natural Foods Return-on-Tangible-Equity Chart
FRA:UN3 vs ANDE, CHEF, AVO: Return-on-Tangible-Equity Comparison
For the Food Distribution subindustry, United Natural Foods'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.
United Natural Foods Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, United Natural Foods's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where United Natural Foods'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 12.95% mean?
United Natural Foods (FRA:UN3) has a Return-on-Tangible-Equity of 12.95% 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 United Natural Foods and its competitors. This is 70% above median its historical median of 7.63. According to the industry distribution chart, United Natural Foods ranks #262 out of 300 companies in the Retail - Defensive industry, placing it in the top 87.3%.
Is United Natural Foods' Return-on-Tangible-Equity too high?
United Natural Foods' current Return-on-Tangible-Equity of 12.95% is 70% above median its 10-year median of 7.63. The Retail - Defensive industry median Return-on-Tangible-Equity is 11.09. United Natural Foods' value of 12.95% is 16.8% above this industry median. Based on the distribution chart, United Natural Foods ranks #262 out of 300 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, United Natural Foods has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Natural Foods' Return-on-Tangible-Equity compare to ANDE and CHEF?
According to the Retail - Defensive industry distribution chart, United Natural Foods ranks #262 out of 300 companies for Return-on-Tangible-Equity. This places United Natural Foods in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.09. United Natural Foods' value of 12.95% is 16.8% above this benchmark. While the company's 10-year median is 7.63 vs. the industry median of 11.09, United Natural Foods 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 300 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. United Natural Foods's current Return-on-Tangible-Equity of 12.95% is 16.8% 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 United Natural Foods 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. United Natural Foods's current Return-on-Tangible-Equity is 12.95%, which is 70% above median its own 10-year median of 7.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Natural Foods stock overvalued right now?
Based on GuruFocus' analysis, United Natural Foods (FRA:UN3) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.27, compared to a current price of €41.02 — trading 124.5% above its estimated fair value. The current Return-on-Tangible-Equity is 12.95%, which is 70% above median its 10-year median of 7.63 and 16.8% above the Retail - Defensive industry median of 11.09. United Natural Foods' overall GF Score™ is 58/100 with 5 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 United Natural Foods (FRA:UN3), the current Return-on-Tangible-Equity is 12.95% 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 United Natural Foods (FRA:UN3) Overvalued in 2026?
Based on GuruFocus' analysis, United Natural Foods stock appears to be overvalued.
The current stock price of €41.02 is trading 124.5% above its estimated GF Value™ of €18.27.
GuruFocus considers United Natural Foods to be Significantly Overvalued.
Key valuation signals for FRA:UN3:
Return-on-Tangible-Equity: 12.95% (70% above median its 10-year median of 7.63)
GF Value™: €18.27 vs. price of €41.02 (124.5% above fair value)
Industry Position: 16.8% above the Retail - Defensive median (#262 of 300)
No single metric tells the full story. See the FRA:UN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.
58GF Score
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