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Tractor Supply CoLTS:0REL -1.00%83 3-Year ROIIC % is 1.63 as of Dec. 2025, which is 88% below its 10-year median of 13.49. GuruFocus rates LTS:0REL with a GF Score™ of 83/100 and a GF Value™ of €48.50 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,057 Retail - Cyclical companies, Tractor Supply Co ranks worse than 55.53% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Tractor Supply Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.63%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Tractor Supply Co's 3-Year ROIIC % or its related term are showing as below:
LTS:0REL's 3-Year ROIIC % is ranked worse than 55.53% of 1057
companies
in the Retail - Cyclical industry
Industry Median: 4.63
vs LTS:0REL: 1.63
Tractor Supply Co (LTS:0REL) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Tractor Supply Co 3-Year ROIIC % Related Terms
Tractor Supply Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Tractor Supply Co's 3-Year ROIIC % 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.
LTS:0REL vs BBY, ULTA, DKS: 3-Year ROIIC % Comparison
For the Specialty Retail subindustry, Tractor Supply Co's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
Tractor Supply Co 3-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tractor Supply Co's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Tractor Supply Co (LTS:0REL) has a 3-Year ROIIC % of 1.63 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Tractor Supply Co and its competitors. This is 88% below median its historical median of 13.49. Over the past decade, Tractor Supply Co's 3-Year ROIIC % has ranged from 1.63 to 28.88. According to the industry distribution chart, Tractor Supply Co ranks #587 out of 1057 companies in the Retail - Cyclical industry, placing it in the top 55.5%.
Is Tractor Supply Co's 3-Year ROIIC % too high?
Tractor Supply Co's current 3-Year ROIIC % of 1.63 is 88% below median its 10-year median of 13.49. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 28.88. The Retail - Cyclical industry median 3-Year ROIIC % is 4.63. Tractor Supply Co's value of 1.63 is 64.8% below this industry median. Based on the distribution chart, Tractor Supply Co ranks #587 out of 1057 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Tractor Supply Co has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tractor Supply Co's 3-Year ROIIC % compare to BBY and ULTA?
According to the Retail - Cyclical industry distribution chart, Tractor Supply Co ranks #587 out of 1057 companies for 3-Year ROIIC %. This places Tractor Supply Co in the lower half of its industry. The industry median 3-Year ROIIC % is 4.63. Tractor Supply Co's value of 1.63 is 64.8% below this benchmark. Historically, Tractor Supply Co's own 3-Year ROIIC % has ranged from 1.63 to 28.88 over the past decade. While the company's 10-year median is 13.49 vs. the industry median of 4.63, Tractor Supply Co 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 3-Year ROIIC % for a Retail - Cyclical company?
The median 3-Year ROIIC % among Retail - Cyclical companies is 4.63, based on 1,057 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tractor Supply Co's current 3-Year ROIIC % of 1.63 is 64.8% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Tractor Supply Co and its competitors. For the Retail - Cyclical industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tractor Supply Co's current 3-Year ROIIC % is 1.63, which is 88% below median its own 10-year median of 13.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tractor Supply Co stock overvalued right now?
Based on GuruFocus' analysis, Tractor Supply Co (LTS:0REL) is currently considered Significantly Undervalued. The stock's GF Value™ is €48.50, compared to a current price of €26.12 — trading 46.1% below its estimated fair value. The current 3-Year ROIIC % is 1.63, which is 88% below median its 10-year median of 13.49 and 64.8% below the Retail - Cyclical industry median of 4.63. Tractor Supply Co's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Tractor Supply Co (LTS:0REL), the current 3-Year ROIIC % is 1.63 as of Dec. 2025. 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 Tractor Supply Co (LTS:0REL) Overvalued in 2026?
Based on GuruFocus' analysis, Tractor Supply Co stock appears to be undervalued.
The current stock price of €26.12 is trading 46.1% below its estimated GF Value™ of €48.50.
GuruFocus considers Tractor Supply Co to be Significantly Undervalued.
Key valuation signals for LTS:0REL:
3-Year ROIIC %: 1.63 (88% below median its 10-year median of 13.49)
GF Value™: €48.50 vs. price of €26.12 (46.1% below fair value)
Industry Position: 64.8% below the Retail - Cyclical median (#587 of 1057)
No single metric tells the full story. See the LTS:0REL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. As of March 2026, the company operated 2,435 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities rather than urban and suburban areas. In fiscal 2025, revenue consisted of livestock, equine & agriculture (around 27%); companion animal (24%); seasonal & recreation (around 24%); truck, tool, & hardware (15%); and clothing, gift, and décor (10%).
83GF Score
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