BCVVF (BOC Aviation) Return-on-Tangible-Asset: 3.43% (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BCVVF BOC Aviation Ltd BCVVF
79 GF Score
Price $10.28
GF Value $9.61
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is BOC Aviation Return-on-Tangible-Asset?

BOC Aviation BCVVF 79 Return-on-Tangible-Asset is 3.43% as of Dec. 2025, which is 5% above its 10-year median of 3.27. GuruFocus rates BCVVF with a GF Score™ of 79/100 and a GF Value™ of $9.61 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,096 Business Services companies, BOC Aviation ranks worse than 56.39% 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. BOC Aviation's annualized Net Income for the quarter that ended in Dec. 2025 was $891 Mil. BOC Aviation's average total tangible assets for the quarter that ended in Dec. 2025 was $25,953 Mil. Therefore, BOC Aviation's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.43%.

The historical rank and industry rank for BOC Aviation's Return-on-Tangible-Asset or its related term are showing as below:

BCVVF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.09   Med: 3.27   Max: 3.99
Current: 3.07

During the past 13 years, BOC Aviation's highest Return-on-Tangible-Asset was 3.99%. The lowest was 0.09%. And the median was 3.27%.

BCVVF's Return-on-Tangible-Asset is ranked worse than
56.39% of 1096 companies
in the Business Services industry
Industry Median: 3.955 vs BCVVF: 3.07

BOC Aviation  (OTCPK:BCVVF) 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 company’s 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 company’s 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.


BOC Aviation Return-on-Tangible-Asset Related Terms


BOC Aviation Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for BOC Aviation'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.

BOC Aviation Return-on-Tangible-Asset Chart

BOC Aviation Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.37 0.09 3.30 3.75 3.06

BOC Aviation Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.27 3.80 3.76 2.70 3.43

BCVVF vs URI, SUNB, AER: Return-on-Tangible-Asset Comparison

For the Rental & Leasing Services subindustry, BOC Aviation'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.


BOC Aviation Return-on-Tangible-Asset vs Business Services Industry

For the Business Services industry and Industrials sector, BOC Aviation's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where BOC Aviation's Return-on-Tangible-Asset falls into.


BCVVF
79GF Score
BOC Aviation Ltd BCVVF
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BOC Aviation Return-on-Tangible-Asset Calculation

BOC Aviation's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=787.245/( (25052.991+26338.255)/ 2 )
=787.245/25695.623
=3.06 %

BOC Aviation's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=891.484/( (25568.503+26338.255)/ 2 )
=891.484/25953.379
=3.43 %

* 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 two times the semi-annual (Dec. 2025) net income data.

What does a Return-on-Tangible-Asset of 3.43% mean?
BOC Aviation (BCVVF) has a Return-on-Tangible-Asset of 3.43% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BOC Aviation and its competitors. This is near median its historical median of 3.27. Over the past decade, BOC Aviation's Return-on-Tangible-Asset has ranged from 0.09 to 3.99. According to the industry distribution chart, BOC Aviation ranks #618 out of 1096 companies in the Business Services industry, placing it in the top 56.4%.
Is BOC Aviation's Return-on-Tangible-Asset too high?
BOC Aviation's current Return-on-Tangible-Asset of 3.43% is near median its 10-year median of 3.27. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 3.99. The Business Services industry median Return-on-Tangible-Asset is 3.96. BOC Aviation's value of 3.43% is 13.3% below this industry median. Based on the distribution chart, BOC Aviation ranks #618 out of 1096 companies in the Business Services industry, which is below the industry midpoint. Overall, BOC Aviation has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BOC Aviation's Return-on-Tangible-Asset compare to URI and SUNB?
According to the Business Services industry distribution chart, BOC Aviation ranks #618 out of 1096 companies for Return-on-Tangible-Asset. This places BOC Aviation in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.96. BOC Aviation's value of 3.43% is 13.3% below this benchmark. Historically, BOC Aviation's own Return-on-Tangible-Asset has ranged from 0.09 to 3.99 over the past decade. While the company's 10-year median is 3.27 vs. the industry median of 3.96, BOC Aviation 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.96, based on 1,096 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. BOC Aviation's current Return-on-Tangible-Asset of 3.43% is 13.3% 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 BOC Aviation and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOC Aviation's current Return-on-Tangible-Asset is 3.43%, which is near median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOC Aviation stock overvalued right now?
Based on GuruFocus' analysis, BOC Aviation (BCVVF) is currently considered Fairly Valued. The stock's GF Value™ is $9.61, compared to a current price of $10.28 — trading 7% above its estimated fair value. The current Return-on-Tangible-Asset is 3.43%, which is near median its 10-year median of 3.27 and 13.3% below the Business Services industry median of 3.96. BOC Aviation's overall GF Score™ is 79/100 with 4 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 BOC Aviation (BCVVF), the current Return-on-Tangible-Asset is 3.43% as of Dec. 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 BOC Aviation (BCVVF) Overvalued in 2026?

Based on GuruFocus' analysis, BOC Aviation stock appears to be overvalued. The current stock price of $10.28 is trading 7% above its estimated GF Value™ of $9.61. GuruFocus considers BOC Aviation to be Fairly Valued.

Key valuation signals for BCVVF:

  • Return-on-Tangible-Asset: 3.43% (near median its 10-year median of 3.27)
  • GF Value™: $9.61 vs. price of $10.28 (7% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 13.3% below the Business Services median (#618 of 1096)

No single metric tells the full story. See the BCVVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BOC Aviation Business Description

Other Exchanges 02588:Hong Kong8BO:Germany
Address 79 Robinson Road, No. 15-01, Singapore, SGP, 068897
BOC Aviation Ltd is an aircraft leasing company by net book value of owned aircraft, with a portfolio of commercial passenger and cargo aircraft. All revenues are derived from the Group's principal activities of aircraft leasing, management of aircraft leases and other related activities. BOC Aviation offers a wide range of services to airlines and aircraft owners, including direct operating leases and finance leases for aircraft, sale and leaseback facilities, engine finance leases and third party asset management. The company also provides comprehensive aircraft remarketing and technical management services to airlines, banks and other investors. BOC Aviation seeks to provide the highest level of personalized service, adapting its products to meet the needs of individual customers.
79GF Score

Get the complete analysis for BCVVF

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.28
Price
$9.61
GF Value