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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. China Southern Airlines Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $860 Mil. China Southern Airlines Co's average total tangible assets for the quarter that ended in Mar. 2026 was $49,600 Mil. Therefore, China Southern Airlines Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.73%.
The historical rank and industry rank for China Southern Airlines Co's Return-on-Tangible-Asset or its related term are showing as below:
CHKIF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.51 Med: -0.14 Max: 2.87
Current: 0.92
During the past 13 years, China Southern Airlines Co's highest Return-on-Tangible-Asset was 2.87%. The lowest was -10.51%. And the median was -0.14%.
CHKIF's Return-on-Tangible-Asset is ranked worse than 74.73% of 1009
companies
in the Transportation industry
Industry Median: 3.77
vs CHKIF: 0.92
China Southern Airlines Co (OTCPK:CHKIF) 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.
China Southern Airlines Co Return-on-Tangible-Asset Related Terms
China Southern Airlines Co Return-on-Tangible-Asset Historical Data
* 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.
China Southern Airlines Co Return-on-Tangible-Asset Chart
CHKIF vs DAL, UAL, LUV: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, China Southern Airlines Co'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.
China Southern Airlines Co Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, China Southern Airlines Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Southern Airlines Co'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 1.73% mean?
China Southern Airlines Co (CHKIF) has a Return-on-Tangible-Asset of 1.73% 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 China Southern Airlines Co and its competitors. According to the industry distribution chart, China Southern Airlines Co ranks #754 out of 1009 companies in the Transportation industry, placing it in the top 74.7%.
Is China Southern Airlines Co's Return-on-Tangible-Asset too high?
China Southern Airlines Co's current Return-on-Tangible-Asset is 1.73%. The Transportation industry median Return-on-Tangible-Asset is 3.77. China Southern Airlines Co's value of 1.73% is 54.1% below this industry median. Based on the distribution chart, China Southern Airlines Co ranks #754 out of 1009 companies in the Transportation industry, which is below the industry midpoint. Overall, China Southern Airlines Co has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Southern Airlines Co's Return-on-Tangible-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, China Southern Airlines Co ranks #754 out of 1009 companies for Return-on-Tangible-Asset. This places China Southern Airlines Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.77. China Southern Airlines Co's value of 1.73% is 54.1% below this benchmark. 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 3.77, 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. China Southern Airlines Co's current Return-on-Tangible-Asset of 1.73% is 54.1% 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 China Southern Airlines Co and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Southern Airlines Co's current Return-on-Tangible-Asset is 1.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Southern Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, China Southern Airlines Co (CHKIF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.53, compared to a current price of $0.45 — trading 15.1% below its estimated fair value. The current Return-on-Tangible-Asset is 1.73% and 54.1% below the Transportation industry median of 3.77. China Southern Airlines Co's overall GF Score™ is 51/100 with 6 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 China Southern Airlines Co (CHKIF), the current Return-on-Tangible-Asset is 1.73% 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 China Southern Airlines Co (CHKIF) Overvalued in 2026?
Based on GuruFocus' analysis, China Southern Airlines Co stock appears to be undervalued.
The current stock price of $0.45 is trading 15.1% below its estimated GF Value™ of $0.53.
GuruFocus considers China Southern Airlines Co to be Modestly Undervalued.
Key valuation signals for CHKIF:
Return-on-Tangible-Asset: 1.73%
GF Value™: $0.53 vs. price of $0.45 (15.1% below fair value)
Industry Position: 54.1% below the Transportation median (#754 of 1009)
No single metric tells the full story. See the CHKIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Southern Airlines Co Ltd is based in Guangzhou principally engaged in airline operations. The Group also operates certain airline-related businesses, including the provision of aircraft maintenance and air catering services. The Group has two reportable operating segments: airline transportation operations and other segments. Airline transportation operations comprise the Group's passenger and cargo, and mail operations. Other segments include cargo handling, hotel and tour operation, ground services, air catering services, and other miscellaneous services. Geographically, the company operates in the Domestic, Hong Kong, Macau, and Taiwan, and International markets.
51GF Score
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