Academy Sports and OutdoorsASO 80 ROE % is 9.82% as of Apr. 2026, which is 61% below its 10-year median of 25.06. 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 1,097 Retail - Cyclical companies, Academy Sports and Outdoors ranks better than 79.76% on this metric.
The historical rank and industry rank for Academy Sports and Outdoors's ROE % or its related term are showing as below:
ASO'
s ROE % Range Over the Past 10 Years
Min: 2.5 Med: 25.06 Max: 52.07
Current: 18.32
During the past 9 years, Academy Sports and Outdoors's highest ROE % was 52.07%. The lowest was 2.50%. And the median was 25.06%.
ASO's ROE % is ranked better than 79.76% of 1097
companies
in the Retail - Cyclical industry
Industry Median: 6.46
vs ASO: 18.32
Academy Sports and Outdoors (NAS:ASO) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
* 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's ROE % distribution charts can be found below:
* The bar in red indicates where Academy Sports and Outdoors's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Academy Sports and Outdoors (ASO) has a ROE % of 9.82% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Academy Sports and Outdoors and its competitors. This is 61% below median its historical median of 25.06. Over the past decade, Academy Sports and Outdoors' ROE % has ranged from 2.50 to 52.07. According to the industry distribution chart, Academy Sports and Outdoors ranks #222 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 20.2%.
Is Academy Sports and Outdoors' ROE % too high?
Academy Sports and Outdoors' current ROE % of 9.82% is 61% below median its 10-year median of 25.06. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 52.07. The Retail - Cyclical industry median ROE % is 6.46. Academy Sports and Outdoors' value of 9.82% is 52% above this industry median. Based on the distribution chart, Academy Sports and Outdoors ranks #222 out of 1097 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' ROE % compare to MNSO and RH?
According to the Retail - Cyclical industry distribution chart, Academy Sports and Outdoors ranks #222 out of 1097 companies for ROE %. This places Academy Sports and Outdoors in the top 20% of its industry — outperforming the majority of peers. The industry median ROE % is 6.46. Academy Sports and Outdoors' value of 9.82% is 52% above this benchmark. Historically, Academy Sports and Outdoors' own ROE % has ranged from 2.50 to 52.07 over the past decade. While the company's 10-year median is 25.06 vs. the industry median of 6.46, 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 ROE % for a Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.46, based on 1,097 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Academy Sports and Outdoors's current ROE % of 9.82% is 52% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Academy Sports and Outdoors and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Academy Sports and Outdoors's current ROE % is 9.82%, which is 61% below median its own 10-year median of 25.06. 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 ROE % is 9.82%, which is 61% below median its 10-year median of 25.06 and 52% above the Retail - Cyclical industry median of 6.46. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Academy Sports and Outdoors (ASO), the current ROE % is 9.82% 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:
ROE %: 9.82% (61% below median its 10-year median of 25.06)
GF Value™: $59.39 vs. price of $51.21 (13.8% below fair value)
Industry Position: 52% above the Retail - Cyclical median (#222 of 1097)
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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