GreggsGGGSF +8.73%78 Return-on-Tangible-Equity is 26.89% as of Dec. 2025, which is 7% above its 10-year median of 25.16. GuruFocus rates GGGSF with a GF Score™ of 78/100 and a GF Value™ of $44.33 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 332 Restaurants companies, Greggs ranks better than 71.39% 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. Greggs's annualized net income for the quarter that ended in Dec. 2025 was $203 Mil. Greggs's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $754 Mil. Therefore, Greggs's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 26.89%.
The historical rank and industry rank for Greggs's Return-on-Tangible-Equity or its related term are showing as below:
GGGSF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.13 Med: 25.16 Max: 32.63
Current: 22.03
During the past 13 years, Greggs's highest Return-on-Tangible-Equity was 32.63%. The lowest was -4.13%. And the median was 25.16%.
GGGSF's Return-on-Tangible-Equity is ranked better than 71.39% of 332
companies
in the Restaurants industry
Industry Median: 8.715
vs GGGSF: 22.03
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.
Greggs Return-on-Tangible-Equity Related Terms
Greggs Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Greggs'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.
GGGSF vs MCD, SBUX, YUM: Return-on-Tangible-Equity Comparison
For the Restaurants subindustry, Greggs'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.
Greggs Return-on-Tangible-Equity vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Greggs's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Greggs'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 26.89% mean?
Greggs (GGGSF) has a Return-on-Tangible-Equity of 26.89% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Greggs and its competitors. This is near median its historical median of 25.16. According to the industry distribution chart, Greggs ranks #95 out of 332 companies in the Restaurants industry, placing it in the top 28.6%.
Is Greggs' Return-on-Tangible-Equity too high?
Greggs' current Return-on-Tangible-Equity of 26.89% is near median its 10-year median of 25.16. The Restaurants industry median Return-on-Tangible-Equity is 8.72. Greggs' value of 26.89% is 208.5% above this industry median. Based on the distribution chart, Greggs ranks #95 out of 332 companies in the Restaurants industry, which is above the industry midpoint. Overall, Greggs has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Greggs' Return-on-Tangible-Equity compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Greggs ranks #95 out of 332 companies for Return-on-Tangible-Equity. This puts Greggs in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.72. Greggs' value of 26.89% is 208.5% above this benchmark. While the company's 10-year median is 25.16 vs. the industry median of 8.72, Greggs 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 Restaurants company?
The median Return-on-Tangible-Equity among Restaurants companies is 8.72, based on 332 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. Greggs's current Return-on-Tangible-Equity of 26.89% is 208.5% 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 Greggs and its competitors. For the Restaurants industry, the median Return-on-Tangible-Equity is 8.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greggs's current Return-on-Tangible-Equity is 26.89%, which is near median its own 10-year median of 25.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greggs stock overvalued right now?
Based on GuruFocus' analysis, Greggs (GGGSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $44.33, compared to a current price of $22.30 — trading 49.7% below its estimated fair value. The current Return-on-Tangible-Equity is 26.89%, which is near median its 10-year median of 25.16 and 208.5% above the Restaurants industry median of 8.72. Greggs' overall GF Score™ is 78/100 with 4 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 Greggs (GGGSF), the current Return-on-Tangible-Equity is 26.89% as of Dec. 2025. 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 Greggs (GGGSF) Overvalued in 2026?
Based on GuruFocus' analysis, Greggs stock appears to be undervalued.
The current stock price of $22.30 is trading 49.7% below its estimated GF Value™ of $44.33.
GuruFocus considers Greggs to be Significantly Undervalued.
Key valuation signals for GGGSF:
Return-on-Tangible-Equity: 26.89% (near median its 10-year median of 25.16)
GF Value™: $44.33 vs. price of $22.30 (49.7% below fair value)
Industry Position: 208.5% above the Restaurants median (#95 of 332)
No single metric tells the full story. See the GGGSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Greggs PLC is a U.K.-based company that is principally engaged in manufacturing, distributing, and retailing bakery goods, sandwiches, and drinks under the Greggs brand. The company focuses on the food-on-the-go market. It has a vertically integrated supply network, with its bakeries & delivery network. Greggs operates in two segments: Company-managed retail activities and the Business-to-business channel. The majority of its revenue is generated from the Company-managed retail activities segment, in which the Group sells a consistent range of fresh bakery goods, sandwiches, and drinks in its own shops or via delivery. Sales are made to the general public on a cash basis. All results arise in the United Kingdom.
78GF Score
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