Valuation dashboard for Tractor Supply Company (TSCO) with P/E 18.87, P/B 6.91, EV/EBITDA 13.2 and dividend yield 2.69%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Consumer Cyclical companies.
Tractor Supply Company functions as a prominent retailer, catering to the rural lifestyle demographic throughout the United States. Its extensive product catalog encompasses items crucial for the health, well-being, development, and enclosure of equine, livestock, pets, and small animals. Additionally, it stocks a variety of hardware, truck, towing, and tool supplies.
What would it be worth at its usual multiples?
Versus its usual multiples: fairly priced · Current P/E 18.9× · Multiples range: $34.17 · $34.17.
At its sector median (18.4×) $34 (-3 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Tractor Supply Company reported revenue of $15.52B in the most recent fiscal year, growing at a 5-year CAGR of 7.9%. Net income reached $1.10B, with a 7.9% 5-year CAGR.
Trailing-twelve-month margins: gross margin 31.5%, operating margin 8.6%, net margin 6.1%.
At $35.10 (closing price, November 3, 2026), TSCO trades at a P/E of 18.87 and an ROE of 37.64%. Market capitalisation stands at $18.3B, placing it among large-cap names.
Balance sheet quality for TSCO: debt-to-equity ratio of 2.53, current ratio of 1.38 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 18.87 |
| Price / Book | 6.91 |
| EV / EBITDA | 13.2 |
| Dividend Yield | 2.69% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| TSCO | Tractor Supply Company | $18.3B | 18.87 | 6.91 | 37.6% |
| WMT | Walmart Inc. | $993.6B | 45.24 | 10.15 | 22.7% |
| CASY | Casey's General Stores, Inc. | $24.6B | 32.05 | 6.03 | 19.7% |
| LOW | Lowe's Companies, Inc. | $119.7B | 18.04 | -71.8% | |
| DG | Dollar General Corporation | $28.8B | 16.97 | 3.16 | 19.6% |
Price
| Price | $35.10 (closing price, November 3, 2026) |
| Market Cap | $18.3B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 37.64% |
| Return on Invested Capital | 11.22% |
| Return on Assets | 7.98% |
| Gross Margin | 31.47% |
| Operating Margin | 8.59% |
| Net Margin | 6.13% |
Related companies: WMT · CASY · LOW · DG
Explore sector: Consumer Cyclical · Specialty Retail
More sections of TSCO: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks