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ANA HoldingsALNPY 80 Return-on-Tangible-Asset is 3.16% as of Mar. 2026, which is 29% below its 10-year median of 4.45. GuruFocus rates ALNPY with a GF Score™ of 80/100 and a GF Value™ of $4.30 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,009 Transportation companies, ANA Holdings ranks better than 58.28% 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. ANA Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $752 Mil. ANA Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $23,800 Mil. Therefore, ANA Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.16%.
The historical rank and industry rank for ANA Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ALNPY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.63 Med: 4.45 Max: 6.21
Current: 4.67
During the past 13 years, ANA Holdings's highest Return-on-Tangible-Asset was 6.21%. The lowest was -14.63%. And the median was 4.45%.
ALNPY's Return-on-Tangible-Asset is ranked better than 58.28% of 1009
companies
in the Transportation industry
Industry Median: 3.78
vs ALNPY: 4.67
ANA Holdings (OTCPK:ALNPY) 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.
ANA Holdings Return-on-Tangible-Asset Related Terms
ANA Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ANA Holdings'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.
ALNPY vs DAL, UAL, LUV: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, ANA Holdings'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.
ANA Holdings Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, ANA Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ANA Holdings'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 3.16% mean?
ANA Holdings (ALNPY) has a Return-on-Tangible-Asset of 3.16% 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 ANA Holdings and its competitors. This is 29% below median its historical median of 4.45. According to the industry distribution chart, ANA Holdings ranks #421 out of 1009 companies in the Transportation industry, placing it in the top 41.7%.
Is ANA Holdings' Return-on-Tangible-Asset too high?
ANA Holdings' current Return-on-Tangible-Asset of 3.16% is 29% below median its 10-year median of 4.45. The Transportation industry median Return-on-Tangible-Asset is 3.78. ANA Holdings' value of 3.16% is 16.4% below this industry median. Based on the distribution chart, ANA Holdings ranks #421 out of 1009 companies in the Transportation industry, which is above the industry midpoint. Overall, ANA Holdings has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ANA Holdings' Return-on-Tangible-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, ANA Holdings ranks #421 out of 1009 companies for Return-on-Tangible-Asset. This puts ANA Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.78. ANA Holdings' value of 3.16% is 16.4% below this benchmark. While the company's 10-year median is 4.45 vs. the industry median of 3.78, ANA Holdings 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 Return-on-Tangible-Asset for a Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, based on 1,009 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. ANA Holdings's current Return-on-Tangible-Asset of 3.16% is 16.4% 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 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 ANA Holdings and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANA Holdings's current Return-on-Tangible-Asset is 3.16%, which is 29% below median its own 10-year median of 4.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANA Holdings (ALNPY) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.30, compared to a current price of $3.79 — trading 11.8% below its estimated fair value. The current Return-on-Tangible-Asset is 3.16%, which is 29% below median its 10-year median of 4.45 and 16.4% below the Transportation industry median of 3.78. ANA Holdings' overall GF Score™ is 80/100 with 2 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 ANA Holdings (ALNPY), the current Return-on-Tangible-Asset is 3.16% 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 ANA Holdings (ALNPY) Overvalued in 2026?
Based on GuruFocus' analysis, ANA Holdings stock appears to be undervalued.
The current stock price of $3.79 is trading 11.8% below its estimated GF Value™ of $4.30.
GuruFocus considers ANA Holdings to be Modestly Undervalued.
Key valuation signals for ALNPY:
Return-on-Tangible-Asset: 3.16% (29% below median its 10-year median of 4.45)
GF Value™: $4.30 vs. price of $3.79 (11.8% below fair value)
Industry Position: 16.4% below the Transportation median (#421 of 1009)
No single metric tells the full story. See the ALNPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. Air Japan, which was launched to provide discount flights to Southeast Asia, will cease in 2026. Prior to covid-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
80GF Score
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