MaplebearMEX:CART 63 Return-on-Tangible-Equity is 28.85% as of Mar. 2026, which is 92% above its 10-year median of 15.04. GuruFocus rates MEX:CART with a GF Score™ of 63/100 and a GF Value™ of MXN630.25. The stock has 3 warning signs investors should review. Among 1,063 Retail - Cyclical companies, Maplebear ranks better than 71.12% 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. Maplebear's annualized net income for the quarter that ended in Mar. 2026 was MXN10,387 Mil. Maplebear's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN36,002 Mil. Therefore, Maplebear's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 28.85%.
The historical rank and industry rank for Maplebear's Return-on-Tangible-Equity or its related term are showing as below:
MEX:CART'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -112.99 Med: 15.04 Max: 19.21
Current: 19.21
During the past 6 years, Maplebear's highest Return-on-Tangible-Equity was 19.21%. The lowest was -112.99%. And the median was 15.04%.
MEX:CART's Return-on-Tangible-Equity is ranked better than 71.12% of 1063
companies
in the Retail - Cyclical industry
Industry Median: 8.27
vs MEX:CART: 19.21
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.
Maplebear Return-on-Tangible-Equity Related Terms
Maplebear Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Maplebear'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.
MEX:CART vs CHWY, W, VIPS: Return-on-Tangible-Equity Comparison
For the Internet Retail subindustry, Maplebear'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.
Maplebear Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Maplebear's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Maplebear'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 28.85% mean?
Maplebear (MEX:CART) has a Return-on-Tangible-Equity of 28.85% 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 Maplebear and its competitors. This is 92% above median its historical median of 15.04. According to the industry distribution chart, Maplebear ranks #307 out of 1063 companies in the Retail - Cyclical industry, placing it in the top 28.9%.
Is Maplebear's Return-on-Tangible-Equity too high?
Maplebear's current Return-on-Tangible-Equity of 28.85% is 92% above median its 10-year median of 15.04. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.27. Maplebear's value of 28.85% is 248.9% above this industry median. Based on the distribution chart, Maplebear ranks #307 out of 1063 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Maplebear has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Maplebear's Return-on-Tangible-Equity compare to CHWY and W?
According to the Retail - Cyclical industry distribution chart, Maplebear ranks #307 out of 1063 companies for Return-on-Tangible-Equity. This puts Maplebear in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.27. Maplebear's value of 28.85% is 248.9% above this benchmark. While the company's 10-year median is 15.04 vs. the industry median of 8.27, Maplebear 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 8.27, based on 1,063 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. Maplebear's current Return-on-Tangible-Equity of 28.85% is 248.9% 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 Maplebear and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maplebear's current Return-on-Tangible-Equity is 28.85%, which is 92% above median its own 10-year median of 15.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maplebear stock overvalued right now?
Maplebear (MEX:CART) has a current Return-on-Tangible-Equity of 28.85%. The stock's GF Value™ is MXN630.25, compared to a current price of MXN678.83 — trading 7.7% above its estimated fair value. The current Return-on-Tangible-Equity is 28.85%, which is 92% above median its 10-year median of 15.04 and 248.9% above the Retail - Cyclical industry median of 8.27. Maplebear's overall GF Score™ is 63/100 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 Maplebear (MEX:CART), the current Return-on-Tangible-Equity is 28.85% 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 Maplebear (MEX:CART) Overvalued in 2026?
Based on GuruFocus' analysis, Maplebear stock appears to be overvalued.
The current stock price of MXN678.83 is trading 7.7% above its estimated GF Value™ of MXN630.25.
Key valuation signals for MEX:CART:
Return-on-Tangible-Equity: 28.85% (92% above median its 10-year median of 15.04)
GF Value™: MXN630.25 vs. price of MXN678.83 (7.7% above fair value)
Industry Position: 248.9% above the Retail - Cyclical median (#307 of 1063)
No single metric tells the full story. See the MEX:CART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, allows couriers to earn income, and helps grocers to scale their business through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 1,800 retail partners, Instacart delivers to about 98% of households in the United States and Canada.
63GF Score
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