Johnson OutdoorsJOUT +1.50%72 Return-on-Tangible-Equity is 9.50% as of Mar. 2026, which is 28% below its 10-year median of 13.28. GuruFocus rates JOUT with a GF Score™ of 72/100 and a GF Value™ of $44.35 (Fairly Valued). The stock has 3 warning signs investors should review. Among 797 Travel & Leisure companies, Johnson Outdoors ranks worse than 79.55% 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. Johnson Outdoors's annualized net income for the quarter that ended in Mar. 2026 was $37.6 Mil. Johnson Outdoors's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $396.1 Mil. Therefore, Johnson Outdoors's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.50%.
The historical rank and industry rank for Johnson Outdoors's Return-on-Tangible-Equity or its related term are showing as below:
JOUT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.04 Med: 13.28 Max: 20.94
Current: -3.72
During the past 13 years, Johnson Outdoors's highest Return-on-Tangible-Equity was 20.94%. The lowest was -8.04%. And the median was 13.28%.
JOUT's Return-on-Tangible-Equity is ranked worse than 79.55% of 797
companies
in the Travel & Leisure industry
Industry Median: 7.54
vs JOUT: -3.72
Johnson Outdoors (NAS:JOUT) 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.
Johnson Outdoors Return-on-Tangible-Equity Related Terms
Johnson Outdoors Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Johnson Outdoors'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.
JOUT vs FNKO, XPOF, JAKK: Return-on-Tangible-Equity Comparison
For the Leisure subindustry, Johnson Outdoors'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.
Johnson Outdoors Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Johnson Outdoors's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Johnson Outdoors'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 9.50% mean?
Johnson Outdoors (JOUT) has a Return-on-Tangible-Equity of 9.50% 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 Johnson Outdoors and its competitors. This is 28% below median its historical median of 13.28. According to the industry distribution chart, Johnson Outdoors ranks #634 out of 797 companies in the Travel & Leisure industry, placing it in the top 79.5%.
Is Johnson Outdoors' Return-on-Tangible-Equity too high?
Johnson Outdoors' current Return-on-Tangible-Equity of 9.50% is 28% below median its 10-year median of 13.28. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.54. Johnson Outdoors' value of 9.50% is 26% above this industry median. Based on the distribution chart, Johnson Outdoors ranks #634 out of 797 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Johnson Outdoors has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Johnson Outdoors' Return-on-Tangible-Equity compare to FNKO and XPOF?
According to the Travel & Leisure industry distribution chart, Johnson Outdoors ranks #634 out of 797 companies for Return-on-Tangible-Equity. This places Johnson Outdoors in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.54. Johnson Outdoors' value of 9.50% is 26% above this benchmark. While the company's 10-year median is 13.28 vs. the industry median of 7.54, Johnson Outdoors 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.54, based on 797 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. Johnson Outdoors's current Return-on-Tangible-Equity of 9.50% is 26% 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 Johnson Outdoors and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Johnson Outdoors's current Return-on-Tangible-Equity is 9.50%, which is 28% below median its own 10-year median of 13.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Johnson Outdoors stock overvalued right now?
Based on GuruFocus' analysis, Johnson Outdoors (JOUT) is currently considered Fairly Valued. The stock's GF Value™ is $44.35, compared to a current price of $46.77 — trading 5.5% above its estimated fair value. The current Return-on-Tangible-Equity is 9.50%, which is 28% below median its 10-year median of 13.28 and 26% above the Travel & Leisure industry median of 7.54. Johnson Outdoors' overall GF Score™ is 72/100 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 Johnson Outdoors (JOUT), the current Return-on-Tangible-Equity is 9.50% 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 Johnson Outdoors (JOUT) Overvalued in 2026?
Based on GuruFocus' analysis, Johnson Outdoors stock appears to be overvalued.
The current stock price of $46.77 is trading 5.5% above its estimated GF Value™ of $44.35.
GuruFocus considers Johnson Outdoors to be Fairly Valued.
Key valuation signals for JOUT:
Return-on-Tangible-Equity: 9.50% (28% below median its 10-year median of 13.28)
GF Value™: $44.35 vs. price of $46.77 (5.5% above fair value)
Industry Position: 26% above the Travel & Leisure median (#634 of 797)
No single metric tells the full story. See the JOUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products used for fishing from a boat, diving, paddling, hiking and camping. The company has four operating segment: Fishing, Camping, Watercraft Recreation, and Diving. It generates maximum revenue from the Fishing segment which produces and markets products under different brands such as Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers and shallow water anchors; Humminbird sonar and GPS equipment for fish finding, navigation and marine cartography; and Cannon downriggers for controlled-depth fishing. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, Canada, and other regions.
72GF Score
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