Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Best Buy Co. Inc
Physical assets are 68.7% of total assets, a heavy footprint. Capex is 0.85x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 55.6%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 8.59x. Compare it with other names in the same basket.
Physical asset ratio
68.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
8.59x
Revenue per dollar of the physical asset base.
Capex / D&A
0.85x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$10.23
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
9.21x
Price $94.17.
Fixed-charge coverage
2.32x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
6.7%
Latest free cash flow divided by current market cap ($18.69B).
ROIC
55.6%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.36x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 61.4% | 17.08x | 1.06x | $7.25 | 14.82x | $1.59B | 54.3% | 0.76x |
| 2020 | 65.5% | 8.66x | 0.92x | $7.95 | 27.26x | $1.82B | 61.6% | 0.40x |
| 2021 | 55.0% | 9.70x | 0.85x | $12.55 | 15.77x | $4.21B | 530.4% | 0.49x |
| 2022 | 62.1% | 10.55x | 0.85x | $5.46 | 83.71x | $2.52B | 196.5% | 0.61x |
| 2023 | 64.8% | 9.08x | 1.01x | $5.42 | 35.51x | $894.00M | 67.9% | 0.35x |
| 2024 | 66.7% | 8.66x | 0.86x | $7.06 | 2.64x | $675.00M | 43.7% | 0.31x |
| 2025 | 67.9% | 8.38x | 0.82x | $8.35 | 2.22x | $1.39B | 52.1% | 0.35x |
| 2026 | 68.7% | 8.59x | 0.85x | $10.23 | 2.32x | $1.26B | 55.6% | 0.36x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2026)
Net PP&E: $4.86B
Inventory: $5.23B
Total assets: $14.67B
Goodwill: $790.00M
Intangibles: $5.00M
Liabilities: $11.71B
Tangible book: $2.17B
Shares: 212,100,000
Revenue: $41.69B
Capex: $704.00M
D&A: $831.00M
EBITDA: $2.28B
Interest: $47.00M
Short-term debt: $634.00M
Free cash flow: $1.26B
Operating income: $1.75B
Invested capital: $2.39B
Tax rate: 24.0%