Air France-KLMCHIX:AFP 69 Return-on-Tangible-Asset is -2.89% as of Mar. 2026. GuruFocus rates CHIX:AFP with a GF Score™ of 69/100 and a GF Value™ of €11.03 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,007 Transportation companies, Air France-KLM ranks better than 54.22% 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 France-KLM's annualizedNet Income for the quarter that ended in Mar. 2026 was €-1,148 Mil. Air France-KLM's average total tangible assets for the quarter that ended in Mar. 2026 was €39,740 Mil. Therefore, Air France-KLM's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -2.89%.
The historical rank and industry rank for Air France-KLM's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:AFp'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.5 Med: 1.24 Max: 4.38
Current: 4.21
During the past 13 years, Air France-KLM's highest Return-on-Tangible-Asset was 4.38%. The lowest was -24.50%. And the median was 1.24%.
CHIX:AFp's Return-on-Tangible-Asset is ranked better than 54.22% of 1007
companies
in the Transportation industry
Industry Median: 3.75
vs CHIX:AFp: 4.21
Air France-KLM (CHIX:AFp) 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 France-KLM Return-on-Tangible-Asset Related Terms
Air France-KLM Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Air France-KLM'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.
CHIX:AFP vs DAL, UAL, LUV: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, Air France-KLM'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 France-KLM Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Air France-KLM'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 -2.89% mean?
Air France-KLM (CHIX:AFP) has a Return-on-Tangible-Asset of -2.89% 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 France-KLM and its competitors. According to the industry distribution chart, Air France-KLM ranks #461 out of 1007 companies in the Transportation industry, placing it in the top 45.8%.
Is Air France-KLM's Return-on-Tangible-Asset too high?
Air France-KLM's current Return-on-Tangible-Asset is -2.89%. Based on the distribution chart, Air France-KLM ranks #461 out of 1007 companies in the Transportation industry, which is above the industry midpoint. Overall, Air France-KLM has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's Return-on-Tangible-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Air France-KLM ranks #461 out of 1007 companies for Return-on-Tangible-Asset. This puts Air France-KLM in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.75. 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 3.75, based on 1,007 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 France-KLM and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air France-KLM's current Return-on-Tangible-Asset is -2.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (CHIX:AFP) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.03, compared to a current price of €12.32 — trading 11.7% above its estimated fair value. The current Return-on-Tangible-Asset is -2.89%. Air France-KLM's overall GF Score™ is 69/100 with 7 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 France-KLM (CHIX:AFP), the current Return-on-Tangible-Asset is -2.89% 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 France-KLM (CHIX:AFP) Overvalued in 2026?
Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued.
The current stock price of €12.32 is trading 11.7% above its estimated GF Value™ of €11.03.
GuruFocus considers Air France-KLM to be Modestly Overvalued.
Key valuation signals for CHIX:AFP:
Return-on-Tangible-Asset: -2.89%
GF Value™: €11.03 vs. price of €12.32 (11.7% above fair value)
No single metric tells the full story. See the CHIX:AFP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
69GF Score
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