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Air WaterAWTRF -5.69%88 Return-on-Tangible-Asset is -11.64% as of Sep. 2025. GuruFocus rates AWTRF with a GF Score™ of 88/100 and a GF Value™ of $12.19 (Modestly Overvalued). The stock has 14 warning signs investors should review. Among 1,612 Chemicals companies, Air Water ranks worse than 65.69% 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 Water's annualizedNet Income for the quarter that ended in Sep. 2025 was $-863 Mil. Air Water's average total tangible assets for the quarter that ended in Sep. 2025 was $7,414 Mil. Therefore, Air Water's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was -11.64%.
The historical rank and industry rank for Air Water's Return-on-Tangible-Asset or its related term are showing as below:
AWTRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.98 Med: 4.02 Max: 4.86
Current: 0.98
During the past 13 years, Air Water's highest Return-on-Tangible-Asset was 4.86%. The lowest was 0.98%. And the median was 4.02%.
AWTRF's Return-on-Tangible-Asset is ranked worse than 65.69% of 1612
companies
in the Chemicals industry
Industry Median: 3.075
vs AWTRF: 0.98
Air Water (OTCPK:AWTRF) 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 Water Return-on-Tangible-Asset Related Terms
Air Water Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Air Water'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.
AWTRF vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Air Water'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 Water Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Water's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Air Water'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 (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of -11.64% mean?
Air Water (AWTRF) has a Return-on-Tangible-Asset of -11.64% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Air Water and its competitors. Over the past decade, Air Water's Return-on-Tangible-Asset has ranged from 0.98 to 4.86. According to the industry distribution chart, Air Water ranks #1059 out of 1612 companies in the Chemicals industry, placing it in the top 65.7%.
Is Air Water's Return-on-Tangible-Asset too high?
Air Water's current Return-on-Tangible-Asset is -11.64%. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 4.86. Based on the distribution chart, Air Water ranks #1059 out of 1612 companies in the Chemicals industry, which is below the industry midpoint. Overall, Air Water has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Water's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Water ranks #1059 out of 1612 companies for Return-on-Tangible-Asset. This places Air Water in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.08. Historically, Air Water's own Return-on-Tangible-Asset has ranged from 0.98 to 4.86 over the past decade. 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.08, based on 1,612 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. 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 Water and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Water's current Return-on-Tangible-Asset is -11.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Water stock overvalued right now?
Based on GuruFocus' analysis, Air Water (AWTRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.19, compared to a current price of $13.91 — trading 14.1% above its estimated fair value. The current Return-on-Tangible-Asset is -11.64%. Air Water's overall GF Score™ is 88/100 with 14 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 Water (AWTRF), the current Return-on-Tangible-Asset is -11.64% as of Sep. 2025. 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 Water (AWTRF) Overvalued in 2026?
Based on GuruFocus' analysis, Air Water stock appears to be overvalued.
The current stock price of $13.91 is trading 14.1% above its estimated GF Value™ of $12.19.
GuruFocus considers Air Water to be Modestly Overvalued.
Key valuation signals for AWTRF:
Return-on-Tangible-Asset: -11.64%
GF Value™: $12.19 vs. price of $13.91 (14.1% above fair value)
No single metric tells the full story. See the AWTRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.
88GF 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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