Where Food Comes FromWFCF +6.18%79 Return-on-Tangible-Equity is 7.82% as of Mar. 2026, which is 71% below its 10-year median of 27.00. GuruFocus rates WFCF with a GF Score™ of 79/100 and a GF Value™ of $12.43 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,009 Business Services companies, Where Food Comes From ranks better than 79.19% 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. Where Food Comes From's annualized net income for the quarter that ended in Mar. 2026 was $0.37 Mil. Where Food Comes From's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $4.71 Mil. Therefore, Where Food Comes From's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.82%.
The historical rank and industry rank for Where Food Comes From's Return-on-Tangible-Equity or its related term are showing as below:
WFCF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.03 Med: 27 Max: 39.92
Current: 31.11
During the past 13 years, Where Food Comes From's highest Return-on-Tangible-Equity was 39.92%. The lowest was 5.03%. And the median was 27.00%.
WFCF's Return-on-Tangible-Equity is ranked better than 79.19% of 1009
companies
in the Business Services industry
Industry Median: 10.56
vs WFCF: 31.11
Where Food Comes From (NAS:WFCF) 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.
Where Food Comes From Return-on-Tangible-Equity Related Terms
Where Food Comes From Return-on-Tangible-Equity Historical Data
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The historical data trend for Where Food Comes From'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.
Where Food Comes From Return-on-Tangible-Equity Chart
WFCF vs ANPA, DLHC, TISI: Return-on-Tangible-Equity Comparison
For the Specialty Business Services subindustry, Where Food Comes From'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.
Where Food Comes From Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Where Food Comes From's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Where Food Comes From'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 7.82% mean?
Where Food Comes From (WFCF) has a Return-on-Tangible-Equity of 7.82% 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 Where Food Comes From and its competitors. This is 71% below median its historical median of 27.00. Over the past decade, Where Food Comes From's Return-on-Tangible-Equity has ranged from 5.03 to 39.92. According to the industry distribution chart, Where Food Comes From ranks #210 out of 1009 companies in the Business Services industry, placing it in the top 20.8%.
Is Where Food Comes From's Return-on-Tangible-Equity too high?
Where Food Comes From's current Return-on-Tangible-Equity of 7.82% is 71% below median its 10-year median of 27.00. Over the past 10 years, this metric has ranged from a low of 5.03 to a high of 39.92. The Business Services industry median Return-on-Tangible-Equity is 10.56. Where Food Comes From's value of 7.82% is 25.9% below this industry median. Based on the distribution chart, Where Food Comes From ranks #210 out of 1009 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Where Food Comes From has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Where Food Comes From's Return-on-Tangible-Equity compare to ANPA and DLHC?
According to the Business Services industry distribution chart, Where Food Comes From ranks #210 out of 1009 companies for Return-on-Tangible-Equity. This places Where Food Comes From in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.56. Where Food Comes From's value of 7.82% is 25.9% below this benchmark. Historically, Where Food Comes From's own Return-on-Tangible-Equity has ranged from 5.03 to 39.92 over the past decade. While the company's 10-year median is 27.00 vs. the industry median of 10.56, Where Food Comes From has consistently been below 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.56, based on 1,009 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. Where Food Comes From's current Return-on-Tangible-Equity of 7.82% is 25.9% below 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 Where Food Comes From and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Where Food Comes From's current Return-on-Tangible-Equity is 7.82%, which is 71% below median its own 10-year median of 27.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Where Food Comes From stock overvalued right now?
Based on GuruFocus' analysis, Where Food Comes From (WFCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.43, compared to a current price of $15.62 — trading 25.7% above its estimated fair value. The current Return-on-Tangible-Equity is 7.82%, which is 71% below median its 10-year median of 27.00 and 25.9% below the Business Services industry median of 10.56. Where Food Comes From's overall GF Score™ is 79/100 with 7 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 Where Food Comes From (WFCF), the current Return-on-Tangible-Equity is 7.82% 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 Where Food Comes From (WFCF) Overvalued in 2026?
Based on GuruFocus' analysis, Where Food Comes From stock appears to be overvalued.
The current stock price of $15.62 is trading 25.7% above its estimated GF Value™ of $12.43.
GuruFocus considers Where Food Comes From to be Modestly Overvalued.
Key valuation signals for WFCF:
Return-on-Tangible-Equity: 7.82% (71% below median its 10-year median of 27.00)
GF Value™: $12.43 vs. price of $15.62 (25.7% above fair value)
Industry Position: 25.9% below the Business Services median (#210 of 1009)
No single metric tells the full story. See the WFCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Where Food Comes From Inc is a third-party food verification company conducting both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural and aquaculture products are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, and restaurants with a wide variety of value-added services provided through its family of verifiers, including International Certification Services, Validus Verification Services, and others. It also provides a wide range of professional consulting services. It generates the majority of its revenue from Verification and certification services.
79GF Score
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