Academy Sports and OutdoorsASO 80 ROA % is 3.91% as of Apr. 2026, which is 52% below its 10-year median of 8.07. GuruFocus rates ASO with a GF Score™ of 80/100 and a GF Value™ of $59.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,134 Retail - Cyclical companies, Academy Sports and Outdoors ranks better than 75.49% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Academy Sports and Outdoors's annualizedNet Income for the quarter that ended in Apr. 2026 was $211 Mil.
Academy Sports and Outdoors's average Total Assets over the quarter that ended in Apr. 2026 was $5,390 Mil. Therefore, Academy Sports and Outdoors's annualized ROA % for the quarter that ended in Apr. 2026 was 3.91%.
The historical rank and industry rank for Academy Sports and Outdoors's ROA % or its related term are showing as below:
ASO'
s ROA % Range Over the Past 10 Years
Min: 0.66 Med: 8.07 Max: 14.97
Current: 7.19
During the past 9 years, Academy Sports and Outdoors's highest ROA % was 14.97%. The lowest was 0.66%. And the median was 8.07%.
ASO's ROA % is ranked better than 75.49% of 1134
companies
in the Retail - Cyclical industry
Industry Median: 2.715
vs ASO: 7.19
Academy Sports and Outdoors (NAS:ASO) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Specialty Retail subindustry, Academy Sports and Outdoors's ROA %, along with its competitors' market caps and ROA % 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.
Academy Sports and Outdoors ROA % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's ROA % distribution charts can be found below:
* The bar in red indicates where Academy Sports and Outdoors's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Apr. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Academy Sports and Outdoors (ASO) has a ROA % of 3.91% as of Apr. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Academy Sports and Outdoors and its competitors. This is 52% below median its historical median of 8.07. Over the past decade, Academy Sports and Outdoors' ROA % has ranged from 0.66 to 14.97. According to the industry distribution chart, Academy Sports and Outdoors ranks #278 out of 1134 companies in the Retail - Cyclical industry, placing it in the top 24.5%.
Is Academy Sports and Outdoors' ROA % too high?
Academy Sports and Outdoors' current ROA % of 3.91% is 52% below median its 10-year median of 8.07. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 14.97. The Retail - Cyclical industry median ROA % is 2.72. Academy Sports and Outdoors' value of 3.91% is 44% above this industry median. Based on the distribution chart, Academy Sports and Outdoors ranks #278 out of 1134 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Academy Sports and Outdoors has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Academy Sports and Outdoors' ROA % compare to MNSO and RH?
According to the Retail - Cyclical industry distribution chart, Academy Sports and Outdoors ranks #278 out of 1134 companies for ROA %. This places Academy Sports and Outdoors in the top 25% of its industry — outperforming the majority of peers. The industry median ROA % is 2.72. Academy Sports and Outdoors' value of 3.91% is 44% above this benchmark. Historically, Academy Sports and Outdoors' own ROA % has ranged from 0.66 to 14.97 over the past decade. While the company's 10-year median is 8.07 vs. the industry median of 2.72, Academy Sports and 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 ROA % for a Retail - Cyclical company?
The median ROA % among Retail - Cyclical companies is 2.72, based on 1,134 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Academy Sports and Outdoors's current ROA % of 3.91% is 44% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Academy Sports and Outdoors and its competitors. For the Retail - Cyclical industry, the median ROA % is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Academy Sports and Outdoors's current ROA % is 3.91%, which is 52% below median its own 10-year median of 8.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Academy Sports and Outdoors stock overvalued right now?
Based on GuruFocus' analysis, Academy Sports and Outdoors (ASO) is currently considered Modestly Undervalued. The stock's GF Value™ is $59.39, compared to a current price of $51.21 — trading 13.8% below its estimated fair value. The current ROA % is 3.91%, which is 52% below median its 10-year median of 8.07 and 44% above the Retail - Cyclical industry median of 2.72. Academy Sports and Outdoors' overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Academy Sports and Outdoors (ASO), the current ROA % is 3.91% as of Apr. 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 Academy Sports and Outdoors (ASO) Overvalued in 2026?
Based on GuruFocus' analysis, Academy Sports and Outdoors stock appears to be undervalued.
The current stock price of $51.21 is trading 13.8% below its estimated GF Value™ of $59.39.
GuruFocus considers Academy Sports and Outdoors to be Modestly Undervalued.
Key valuation signals for ASO:
ROA %: 3.91% (52% below median its 10-year median of 8.07)
GF Value™: $59.39 vs. price of $51.21 (13.8% below fair value)
Industry Position: 44% above the Retail - Cyclical median (#278 of 1134)
No single metric tells the full story. See the ASO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Academy Sports and Outdoors Inc is engaged in the full-line sporting goods and outdoor recreation retailer in the United States. The company's product categories are outdoors, apparel, sports & recreation, and footwear.
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