WFCF (Where Food Comes From) ROE %: 3.98% (As of Mar. 2026) — 71% Below Median


WFCF Where Food Comes From Inc WFCF
79 GF Score
Price $12.05
GF Value $12.41
Valuation Fairly Valued
! 3 Warning Signs
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What is Where Food Comes From ROE %?

Where Food Comes From WFCF -0.99% 79 ROE % is 3.98% as of Mar. 2026, which is 71% below its 10-year median of 13.53. GuruFocus rates WFCF with a GF Score™ of 79/100 and a GF Value™ of $12.41 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,058 Business Services companies, Where Food Comes From ranks better than 75.33% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. 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 Total Stockholders Equity over the quarter that ended in Mar. 2026 was $9.25 Mil. Therefore, Where Food Comes From's annualized ROE % for the quarter that ended in Mar. 2026 was 3.98%.

The historical rank and industry rank for Where Food Comes From's ROE % or its related term are showing as below:

WFCF' s ROE % Range Over the Past 10 Years
Min: 1.49   Med: 13.53   Max: 22.59
Current: 16.51

During the past 13 years, Where Food Comes From's highest ROE % was 22.59%. The lowest was 1.49%. And the median was 13.53%.

WFCF's ROE % is ranked better than
75.33% of 1058 companies
in the Business Services industry
Industry Median: 8.095 vs WFCF: 16.51

Where Food Comes From  (NAS:WFCF) 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:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=0.368/9.2525
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.368 / 21.46)*(21.46 / 13.0625)*(13.0625 / 9.2525)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.71 %*1.6429*1.4118
=ROA %*Equity Multiplier
=2.81 %*1.4118
=3.98 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=0.368/9.2525
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0.368 / 0.74) * (0.74 / 1.192) * (1.192 / 21.46) * (21.46 / 13.0625) * (13.0625 / 9.2525)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.4973 * 0.6208 * 5.55 % * 1.6429 * 1.4118
=3.98 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 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.


Where Food Comes From ROE % Related Terms


Where Food Comes From ROE % Historical Data

* Premium members only.

The historical data trend for Where Food Comes From's ROE % 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 ROE % Chart

Where Food Comes From Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.59 15.21 18.48 20.43 15.97

Where Food Comes From Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 22.98 45.23 -8.28 3.98

WFCF vs ANPA, DLHC, TISI: ROE % Comparison

For the Specialty Business Services subindustry, Where Food Comes From'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.


Where Food Comes From ROE % vs Business Services Industry

For the Business Services industry and Industrials sector, Where Food Comes From's ROE % distribution charts can be found below:

* The bar in red indicates where Where Food Comes From's ROE % falls into.


WFCF
79GF Score
Where Food Comes From Inc WFCF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Where Food Comes From ROE % Calculation

Where Food Comes From's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=1.536/( (9.933+9.305)/ 2 )
=1.536/9.619
=15.97 %

Where Food Comes From's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=0.368/( (9.305+9.2)/ 2 )
=0.368/9.2525
=3.98 %

* 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 (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 3.98% mean?
Where Food Comes From (WFCF) has a ROE % of 3.98% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Where Food Comes From and its competitors. This is 71% below median its historical median of 13.53. Over the past decade, Where Food Comes From's ROE % has ranged from 1.49 to 22.59. According to the industry distribution chart, Where Food Comes From ranks #261 out of 1058 companies in the Business Services industry, placing it in the top 24.7%.
Is Where Food Comes From's ROE % too high?
Where Food Comes From's current ROE % of 3.98% is 71% below median its 10-year median of 13.53. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 22.59. The Business Services industry median ROE % is 8.10. Where Food Comes From's value of 3.98% is 50.8% below this industry median. Based on the distribution chart, Where Food Comes From ranks #261 out of 1058 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 Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Where Food Comes From's ROE % compare to ANPA and DLHC?
According to the Business Services industry distribution chart, Where Food Comes From ranks #261 out of 1058 companies for ROE %. This places Where Food Comes From in the top 25% of its industry — outperforming the majority of peers. The industry median ROE % is 8.10. Where Food Comes From's value of 3.98% is 50.8% below this benchmark. Historically, Where Food Comes From's own ROE % has ranged from 1.49 to 22.59 over the past decade. While the company's 10-year median is 13.53 vs. the industry median of 8.10, 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 ROE % for a Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 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. Where Food Comes From's current ROE % of 3.98% is 50.8% 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 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 Where Food Comes From and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Where Food Comes From's current ROE % is 3.98%, which is 71% below median its own 10-year median of 13.53. 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 Fairly Valued. The stock's GF Value™ is $12.41, compared to a current price of $12.05 — trading 2.9% below its estimated fair value. The current ROE % is 3.98%, which is 71% below median its 10-year median of 13.53 and 50.8% below the Business Services industry median of 8.10. Where Food Comes From's overall GF Score™ is 79/100 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 Where Food Comes From (WFCF), the current ROE % is 3.98% 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 undervalued. The current stock price of $12.05 is trading 2.9% below its estimated GF Value™ of $12.41. GuruFocus considers Where Food Comes From to be Fairly Valued.

Key valuation signals for WFCF:

  • ROE %: 3.98% (71% below median its 10-year median of 13.53)
  • GF Value™: $12.41 vs. price of $12.05 (2.9% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 50.8% below the Business Services median (#261 of 1058)

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 Business Description

Address 202 6th Street, Suite 400, Castle Rock, CO, USA, 80104
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

Get the complete analysis for WFCF

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.05
Price
$12.41
GF Value