Copa HoldingsCPA +0.47%86 Return-on-Tangible-Asset is 12.81% as of Mar. 2026, which is 50% above its 10-year median of 8.55. GuruFocus rates CPA with a GF Score™ of 86/100 and a GF Value™ of $115.13 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,009 Transportation companies, Copa Holdings ranks better than 88.7% 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. Copa Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $850 Mil. Copa Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $6,634 Mil. Therefore, Copa Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.81%.
The historical rank and industry rank for Copa Holdings's Return-on-Tangible-Asset or its related term are showing as below:
CPA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.16 Med: 8.55 Max: 11.41
Current: 11.41
During the past 13 years, Copa Holdings's highest Return-on-Tangible-Asset was 11.41%. The lowest was -15.16%. And the median was 8.55%.
CPA's Return-on-Tangible-Asset is ranked better than 88.7% of 1009
companies
in the Transportation industry
Industry Median: 3.78
vs CPA: 11.41
Copa Holdings (NYSE:CPA) 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.
Copa Holdings Return-on-Tangible-Asset Related Terms
Copa Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Copa Holdings'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.
CPA vs ALK, SKYW, ALGT: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, Copa Holdings'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.
Copa Holdings Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Copa Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Copa Holdings'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 12.81% mean?
Copa Holdings (CPA) has a Return-on-Tangible-Asset of 12.81% 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 Copa Holdings and its competitors. This is 50% above median its historical median of 8.55. According to the industry distribution chart, Copa Holdings ranks #114 out of 1009 companies in the Transportation industry, placing it in the top 11.3%.
Is Copa Holdings' Return-on-Tangible-Asset too high?
Copa Holdings' current Return-on-Tangible-Asset of 12.81% is 50% above median its 10-year median of 8.55. The Transportation industry median Return-on-Tangible-Asset is 3.78. Copa Holdings' value of 12.81% is 238.9% above this industry median. Based on the distribution chart, Copa Holdings ranks #114 out of 1009 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Copa Holdings has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Copa Holdings' Return-on-Tangible-Asset compare to ALK and SKYW?
According to the Transportation industry distribution chart, Copa Holdings ranks #114 out of 1009 companies for Return-on-Tangible-Asset. This places Copa Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.78. Copa Holdings' value of 12.81% is 238.9% above this benchmark. While the company's 10-year median is 8.55 vs. the industry median of 3.78, Copa Holdings 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 a Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, 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. Copa Holdings's current Return-on-Tangible-Asset of 12.81% is 238.9% 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 Copa Holdings and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Copa Holdings's current Return-on-Tangible-Asset is 12.81%, which is 50% above median its own 10-year median of 8.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Copa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Copa Holdings (CPA) is currently considered Significantly Overvalued. The stock's GF Value™ is $115.13, compared to a current price of $150.59 — trading 30.8% above its estimated fair value. The current Return-on-Tangible-Asset is 12.81%, which is 50% above median its 10-year median of 8.55 and 238.9% above the Transportation industry median of 3.78. Copa Holdings' overall GF Score™ is 86/100 with 8 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 Copa Holdings (CPA), the current Return-on-Tangible-Asset is 12.81% 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 Copa Holdings (CPA) Overvalued in 2026?
Based on GuruFocus' analysis, Copa Holdings stock appears to be overvalued.
The current stock price of $150.59 is trading 30.8% above its estimated GF Value™ of $115.13.
GuruFocus considers Copa Holdings to be Significantly Overvalued.
Key valuation signals for CPA:
Return-on-Tangible-Asset: 12.81% (50% above median its 10-year median of 8.55)
GF Value™: $115.13 vs. price of $150.59 (30.8% above fair value)
Industry Position: 238.9% above the Transportation median (#114 of 1009)
No single metric tells the full story. See the CPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Copa Holdings SA is a provider of airline passenger and cargo services through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama, and domestic and international air transportation for passengers, cargo, and mail with a point-to-point route network through Copa Colombia, a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and the Caribbean. It derives the maximum revenue from North America.
86GF Score
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