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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. Air Lease's annualizedNet Income for the quarter that ended in Dec. 2025 was €618 Mil. Air Lease's average total tangible assets for the quarter that ended in Dec. 2025 was €28,264 Mil. Therefore, Air Lease's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.19%.
The historical rank and industry rank for Air Lease's Return-on-Tangible-Asset or its related term are showing as below:
FRA:AVLA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.35 Med: 2.53 Max: 5.11
Current: 3.31
During the past 13 years, Air Lease's highest Return-on-Tangible-Asset was 5.11%. The lowest was -0.35%. And the median was 2.53%.
FRA:AVLA's Return-on-Tangible-Asset is not ranked
in the Business Services industry.
Industry Median: 3.97
vs FRA:AVLA: 3.31
Air Lease (FRA:AVLA) 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 Lease Return-on-Tangible-Asset Related Terms
Air Lease Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Air Lease'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.
FRA:AVLA vs R, UHAL, GATX: Return-on-Tangible-Asset Comparison
For the Rental & Leasing Services subindustry, Air Lease'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 Lease Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Air Lease's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Air Lease'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.19% mean?
Air Lease (FRA:AVLA) has a Return-on-Tangible-Asset of 2.19% 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 Air Lease and its competitors. This is 13% below median its historical median of 2.53.
Is Air Lease's Return-on-Tangible-Asset too high?
Air Lease's current Return-on-Tangible-Asset of 2.19% is 13% below median its 10-year median of 2.53. The Business Services industry median Return-on-Tangible-Asset is 3.97. Air Lease's value of 2.19% is 44.8% below this industry median. Overall, Air Lease has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Air Lease's Return-on-Tangible-Asset compare to R and UHAL?
Air Lease's Return-on-Tangible-Asset of 2.19% can be compared against companies in the Business Services industry. The industry median Return-on-Tangible-Asset is 3.97. Air Lease's value of 2.19% is 44.8% below this benchmark. While the company's 10-year median is 2.53 vs. the industry median of 3.97, Air Lease 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 3.97, based on 1,095 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. Air Lease's current Return-on-Tangible-Asset of 2.19% is 44.8% 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 Air Lease and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Lease's current Return-on-Tangible-Asset is 2.19%, which is 13% below median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Lease stock overvalued right now?
Air Lease (FRA:AVLA) has a current Return-on-Tangible-Asset of 2.19%. The stock's GF Value™ is €45.29, compared to a current price of €55.50 — trading 22.5% above its estimated fair value. The current Return-on-Tangible-Asset is 2.19%, which is 13% below median its 10-year median of 2.53 and 44.8% below the Business Services industry median of 3.97. Air Lease's overall GF Score™ is 64/100 with 11 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 Lease (FRA:AVLA), the current Return-on-Tangible-Asset is 2.19% 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 Air Lease (FRA:AVLA) Overvalued in 2026?
Based on GuruFocus' analysis, Air Lease stock appears to be overvalued.
The current stock price of €55.50 is trading 22.5% above its estimated GF Value™ of €45.29.
Key valuation signals for FRA:AVLA:
Return-on-Tangible-Asset: 2.19% (13% below median its 10-year median of 2.53)
GF Value™: €45.29 vs. price of €55.50 (22.5% above fair value)
Industry Position: 44.8% below the Business Services median
No single metric tells the full story. See the FRA:AVLA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Lease Corp is an aircraft leasing company based in the United States. It is engaged in the modern, fuel-efficient new technology commercial jet aircraft directly from aircraft manufacturers and leasing those aircraft to airlines throughout the world to generate attractive returns on equity. The company also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors, and offers fleet management services to investors and owners of aircraft portfolios for a management fee. Geographically, it derives a maximum of its revenue from the Europe and the rest from Asia Pacific, Middle East and Africa, Central America, South America, Mexico, the United States, and Canada.
64GF 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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