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Air TAIRT -4.47%61 Return-on-Tangible-Asset is 83.99% as of Mar. 2026. GuruFocus rates AIRT with a GF Score™ of 61/100 and a GF Value™ of $26.13 (Fairly Valued). The stock has 9 warning signs investors should review. Among 570 Conglomerates companies, Air T ranks better than 98.95% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Air T's annualizedNet Income for the quarter that ended in Mar. 2026 was $310.9 Mil. Air T's average total tangible assets for the quarter that ended in Mar. 2026 was $370.1 Mil. Therefore, Air T's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 83.99%.
The historical rank and industry rank for Air T's Return-on-Tangible-Asset or its related term are showing as below:
AIRT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7 Med: -1.33 Max: 31.87
Current: 31.87
During the past 13 years, Air T's highest Return-on-Tangible-Asset was 31.87%. The lowest was -7.00%. And the median was -1.33%.
AIRT's Return-on-Tangible-Asset is ranked better than 98.95% of 570
companies
in the Conglomerates industry
Industry Median: 2.735
vs AIRT: 31.87
Air T (NAS:AIRT) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Air T Return-on-Tangible-Asset Related Terms
Air T Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Air T's Return-on-Tangible-Asset 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.
AIRT vs BBXIA, ATVK, STRR: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Air T's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Air T Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Air T's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Air T's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets 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.
What does a Return-on-Tangible-Asset of 83.99% mean?
Air T (AIRT) has a Return-on-Tangible-Asset of 83.99% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Air T and its competitors. According to the industry distribution chart, Air T ranks #6 out of 570 companies in the Conglomerates industry, placing it in the top 1.1%.
Is Air T's Return-on-Tangible-Asset too high?
Air T's current Return-on-Tangible-Asset is 83.99%. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. Air T's value of 83.99% is 2970.9% above this industry median. Based on the distribution chart, Air T ranks #6 out of 570 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Air T has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air T's Return-on-Tangible-Asset compare to BBXIA and ATVK?
According to the Conglomerates industry distribution chart, Air T ranks #6 out of 570 companies for Return-on-Tangible-Asset. This places Air T in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.74. Air T's value of 83.99% is 2970.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.74, based on 570 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air T's current Return-on-Tangible-Asset of 83.99% is 2970.9% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Air T and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air T's current Return-on-Tangible-Asset is 83.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air T stock overvalued right now?
Based on GuruFocus' analysis, Air T (AIRT) is currently considered Fairly Valued. The stock's GF Value™ is $26.13, compared to a current price of $27.13 — trading 3.8% above its estimated fair value. The current Return-on-Tangible-Asset is 83.99% and 2970.9% above the Conglomerates industry median of 2.74. Air T's overall GF Score™ is 61/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Air T (AIRT), the current Return-on-Tangible-Asset is 83.99% 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 Air T (AIRT) Overvalued in 2026?
Based on GuruFocus' analysis, Air T stock appears to be overvalued.
The current stock price of $27.13 is trading 3.8% above its estimated GF Value™ of $26.13.
GuruFocus considers Air T to be Fairly Valued.
Key valuation signals for AIRT:
Return-on-Tangible-Asset: 83.99%
GF Value™: $26.13 vs. price of $27.13 (3.8% above fair value)
Industry Position: 2970.9% above the Conglomerates median (#6 of 570)
No single metric tells the full story. See the AIRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, Commercial jet engines, and parts, Corporate, and Others. The company generates maximum revenue from the Commercial Jet Engines and Parts segment.
61GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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