Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Douglas DynamicsPLOW -1.44%77 Return-on-Tangible-Equity is 172.72% as of Jun. 2026, which is 20% below its 10-year median of 215.51. GuruFocus rates PLOW with a GF Score™ of 77/100 and a GF Value™ of $34.12 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,285 Vehicles & Parts companies, Douglas Dynamics ranks better than 96.11% 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. Douglas Dynamics's annualized net income for the quarter that ended in Jun. 2026 was $101.5 Mil. Douglas Dynamics's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $58.8 Mil. Therefore, Douglas Dynamics's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 172.72%.
The historical rank and industry rank for Douglas Dynamics's Return-on-Tangible-Equity or its related term are showing as below:
PLOW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 97.71 Med: 215.51 Max: 321.86
Current: 97.71
During the past 13 years, Douglas Dynamics's highest Return-on-Tangible-Equity was 321.86%. The lowest was 97.71%. And the median was 215.51%.
PLOW's Return-on-Tangible-Equity is ranked better than 96.11% of 1285
companies
in the Vehicles & Parts industry
Industry Median: 8.04
vs PLOW: 97.71
Douglas Dynamics (NYSE:PLOW) 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.
Douglas Dynamics Return-on-Tangible-Equity Related Terms
Douglas Dynamics Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Douglas Dynamics'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.
PLOW vs XPEL, SMP, DCH: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Douglas Dynamics'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.
Douglas Dynamics Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Douglas Dynamics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Douglas Dynamics'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 172.72% mean?
Douglas Dynamics (PLOW) has a Return-on-Tangible-Equity of 172.72% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Douglas Dynamics and its competitors. This is 20% below median its historical median of 215.51. Over the past decade, Douglas Dynamics' Return-on-Tangible-Equity has ranged from 97.71 to 321.86. According to the industry distribution chart, Douglas Dynamics ranks #50 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 3.9%.
Is Douglas Dynamics' Return-on-Tangible-Equity too high?
Douglas Dynamics' current Return-on-Tangible-Equity of 172.72% is 20% below median its 10-year median of 215.51. Over the past 10 years, this metric has ranged from a low of 97.71 to a high of 321.86. The Vehicles & Parts industry median Return-on-Tangible-Equity is 8.04. Douglas Dynamics' value of 172.72% is 2048.3% above this industry median. Based on the distribution chart, Douglas Dynamics ranks #50 out of 1285 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Douglas Dynamics has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Douglas Dynamics' Return-on-Tangible-Equity compare to XPEL and SMP?
According to the Vehicles & Parts industry distribution chart, Douglas Dynamics ranks #50 out of 1285 companies for Return-on-Tangible-Equity. This places Douglas Dynamics in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.04. Douglas Dynamics' value of 172.72% is 2048.3% above this benchmark. Historically, Douglas Dynamics' own Return-on-Tangible-Equity has ranged from 97.71 to 321.86 over the past decade. While the company's 10-year median is 215.51 vs. the industry median of 8.04, Douglas Dynamics 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 8.04, based on 1,285 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. Douglas Dynamics's current Return-on-Tangible-Equity of 172.72% is 2048.3% 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 Douglas Dynamics and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 8.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Douglas Dynamics's current Return-on-Tangible-Equity is 172.72%, which is 20% below median its own 10-year median of 215.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Douglas Dynamics stock overvalued right now?
Based on GuruFocus' analysis, Douglas Dynamics (PLOW) is currently considered Modestly Overvalued. The stock's GF Value™ is $34.12, compared to a current price of $41.03 — trading 20.3% above its estimated fair value. The current Return-on-Tangible-Equity is 172.72%, which is 20% below median its 10-year median of 215.51 and 2048.3% above the Vehicles & Parts industry median of 8.04. Douglas Dynamics' overall GF Score™ is 77/100 with 1 warning sign 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 Douglas Dynamics (PLOW), the current Return-on-Tangible-Equity is 172.72% as of Jun. 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 Douglas Dynamics (PLOW) Overvalued in 2026?
Based on GuruFocus' analysis, Douglas Dynamics stock appears to be overvalued.
The current stock price of $41.03 is trading 20.3% above its estimated GF Value™ of $34.12.
GuruFocus considers Douglas Dynamics to be Modestly Overvalued.
Key valuation signals for PLOW:
Return-on-Tangible-Equity: 172.72% (20% below median its 10-year median of 215.51)
GF Value™: $34.12 vs. price of $41.03 (20.3% above fair value)
Industry Position: 2048.3% above the Vehicles & Parts median (#50 of 1285)
No single metric tells the full story. See the PLOW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Douglas Dynamics Inc is a manufacturer and upfitter of commercial vehicle attachments and equipment. The Company's portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX, and WESTERN brands, turf care equipment under the TURFEX brand, and industrial maintenance equipment under the SWEEPEX brand. The Company's portfolio also includes the upfit of attachments and storage solutions under the HENDERSON brand, and the DEJANA brand and its related sub-brands. The Company also leases fifteen manufacturing upfit and service facilities located in Iowa, Maryland, Missouri, New Jersey, New York, Ohio, Pennsylvania, and Rhode Island. The Company conducts business in two segments: Work Truck Attachments and Work Truck Solutions.
77GF Score
Get the complete analysis for PLOW
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PLOW has been successfully added to your 
