AstronicsATRO -6.86%56 Return-on-Tangible-Asset is 16.76% as of Mar. 2026, which is 2049% above its 10-year median of 0.78. GuruFocus rates ATRO with a GF Score™ of 56/100 and a GF Value™ of $19.50 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 357 Aerospace & Defense companies, Astronics ranks better than 75.63% 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. Astronics's annualizedNet Income for the quarter that ended in Mar. 2026 was $102.2 Mil. Astronics's average total tangible assets for the quarter that ended in Mar. 2026 was $609.4 Mil. Therefore, Astronics's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.76%.
The historical rank and industry rank for Astronics's Return-on-Tangible-Asset or its related term are showing as below:
ATRO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.07 Med: 0.78 Max: 12.47
Current: 7.86
During the past 13 years, Astronics's highest Return-on-Tangible-Asset was 12.47%. The lowest was -24.07%. And the median was 0.78%.
ATRO's Return-on-Tangible-Asset is ranked better than 75.63% of 357
companies
in the Aerospace & Defense industry
Industry Median: 3.06
vs ATRO: 7.86
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.
Astronics Return-on-Tangible-Asset Related Terms
Astronics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Astronics'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.
ATRO vs FLY, BETA, ACHR: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Astronics'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.
Astronics Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Astronics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Astronics'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 16.76% mean?
Astronics (ATRO) has a Return-on-Tangible-Asset of 16.76% 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 Astronics and its competitors. This is 2049% above median its historical median of 0.78. According to the industry distribution chart, Astronics ranks #87 out of 357 companies in the Aerospace & Defense industry, placing it in the top 24.4%.
Is Astronics' Return-on-Tangible-Asset too high?
Astronics' current Return-on-Tangible-Asset of 16.76% is 2049% above median its 10-year median of 0.78. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.06. Astronics' value of 16.76% is 447.7% above this industry median. Based on the distribution chart, Astronics ranks #87 out of 357 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Astronics has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astronics' Return-on-Tangible-Asset compare to FLY and BETA?
According to the Aerospace & Defense industry distribution chart, Astronics ranks #87 out of 357 companies for Return-on-Tangible-Asset. This places Astronics in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. Astronics' value of 16.76% is 447.7% above this benchmark. While the company's 10-year median is 0.78 vs. the industry median of 3.06, Astronics has consistently been above 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 an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.06, based on 357 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. Astronics's current Return-on-Tangible-Asset of 16.76% is 447.7% 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 Astronics and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astronics's current Return-on-Tangible-Asset is 16.76%, which is 2049% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astronics stock overvalued right now?
Based on GuruFocus' analysis, Astronics (ATRO) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.50, compared to a current price of $70.88 — trading 263.5% above its estimated fair value. The current Return-on-Tangible-Asset is 16.76%, which is 2049% above median its 10-year median of 0.78 and 447.7% above the Aerospace & Defense industry median of 3.06. Astronics' overall GF Score™ is 56/100 with 1 warning sign 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 Astronics (ATRO), the current Return-on-Tangible-Asset is 16.76% 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 Astronics (ATRO) Overvalued in 2026?
Based on GuruFocus' analysis, Astronics stock appears to be overvalued.
The current stock price of $70.88 is trading 263.5% above its estimated GF Value™ of $19.50.
GuruFocus considers Astronics to be Significantly Overvalued.
Key valuation signals for ATRO:
Return-on-Tangible-Asset: 16.76% (2049% above median its 10-year median of 0.78)
GF Value™: $19.50 vs. price of $70.88 (263.5% above fair value)
Industry Position: 447.7% above the Aerospace & Defense median (#87 of 357)
No single metric tells the full story. See the ATRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astronics Corporation is a provider of technologies to the aerospace, defense, and electronics industries, offering high-performance electrical power generation and distribution systems, motion systems, lighting and safety systems, avionics products, systems certification, aircraft structures, and automated test systems. The company operates through two reportable segments, Aerospace and Test Systems. The Aerospace segment designs and manufactures products for the aerospace and defense industry and generates the majority of revenue, while the Test Systems segment designs, develops, manufactures, and maintains automated test systems for the aerospace and defense, communications, and mass transit industries. The company derives the majority of its revenue from the United States.
56GF Score
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