Alimentation Couche-TardTSX:ATD +2.06%84 ROE % is 21.73% as of Apr. 2026, which is 4% below its 10-year median of 22.56. GuruFocus rates TSX:ATD with a GF Score™ of 84/100 and a GF Value™ of C$84.36 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,097 Retail - Cyclical companies, Alimentation Couche-Tard ranks better than 81.49% on this metric.
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, Alimentation Couche-Tard'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.
Alimentation Couche-Tard ROE % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Alimentation Couche-Tard's ROE % distribution charts can be found below:
* The bar in red indicates where Alimentation Couche-Tard'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.
Alimentation Couche-Tard (TSX:ATD) has a ROE % of 21.73% 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 Alimentation Couche-Tard and its competitors. This is near median its historical median of 22.56. Over the past decade, Alimentation Couche-Tard's ROE % has ranged from 18.53 to 25.53. According to the industry distribution chart, Alimentation Couche-Tard ranks #203 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 18.5%.
Is Alimentation Couche-Tard's ROE % too high?
Alimentation Couche-Tard's current ROE % of 21.73% is near median its 10-year median of 22.56. Over the past 10 years, this metric has ranged from a low of 18.53 to a high of 25.53. The Retail - Cyclical industry median ROE % is 6.46. Alimentation Couche-Tard's value of 21.73% is 236.4% above this industry median. Based on the distribution chart, Alimentation Couche-Tard ranks #203 out of 1097 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Alimentation Couche-Tard has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alimentation Couche-Tard's ROE % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Alimentation Couche-Tard ranks #203 out of 1097 companies for ROE %. This places Alimentation Couche-Tard in the top 19% of its industry — outperforming the majority of peers. The industry median ROE % is 6.46. Alimentation Couche-Tard's value of 21.73% is 236.4% above this benchmark. Historically, Alimentation Couche-Tard's own ROE % has ranged from 18.53 to 25.53 over the past decade. While the company's 10-year median is 22.56 vs. the industry median of 6.46, Alimentation Couche-Tard 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. Alimentation Couche-Tard's current ROE % of 21.73% is 236.4% 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 Alimentation Couche-Tard 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. Alimentation Couche-Tard's current ROE % is 21.73%, which is near median its own 10-year median of 22.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alimentation Couche-Tard stock overvalued right now?
Based on GuruFocus' analysis, Alimentation Couche-Tard (TSX:ATD) is currently considered Modestly Overvalued. The stock's GF Value™ is C$84.36, compared to a current price of C$93.76 — trading 11.1% above its estimated fair value. The current ROE % is 21.73%, which is near median its 10-year median of 22.56 and 236.4% above the Retail - Cyclical industry median of 6.46. Alimentation Couche-Tard's overall GF Score™ is 84/100 with 9 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 Alimentation Couche-Tard (TSX:ATD), the current ROE % is 21.73% 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 Alimentation Couche-Tard (TSX:ATD) Overvalued in 2026?
Based on GuruFocus' analysis, Alimentation Couche-Tard stock appears to be overvalued.
The current stock price of C$93.76 is trading 11.1% above its estimated GF Value™ of C$84.36.
GuruFocus considers Alimentation Couche-Tard to be Modestly Overvalued.
Key valuation signals for TSX:ATD:
ROE %: 21.73% (near median its 10-year median of 22.56)
GF Value™: C$84.36 vs. price of C$93.76 (11.1% above fair value)
Industry Position: 236.4% above the Retail - Cyclical median (#203 of 1097)
No single metric tells the full story. See the TSX:ATD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Europe, and Asia. The company generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates stores under the Circle K banner in other countries such as Indonesia, Egypt, Macau, and others. Its operation is geographically divided into the U.S., Europe and other regions, and Canada. Revenue from external customers falls mainly into three categories: merchandise and services, road transportation fuel, and others. The company generates the majority of its revenue from the United States.
84GF Score
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