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Cathay Pacific AirwaysFRA:CTY +2.76%80 Return-on-Tangible-Asset is 8.98% as of Dec. 2025, which is 3226% above its 10-year median of 0.27. GuruFocus rates FRA:CTY with a GF Score™ of 80/100 and a GF Value™ of €1.44 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,010 Transportation companies, Cathay Pacific Airways ranks better than 73.37% 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. Cathay Pacific Airways's annualizedNet Income for the quarter that ended in Dec. 2025 was €1,575 Mil. Cathay Pacific Airways's average total tangible assets for the quarter that ended in Dec. 2025 was €17,543 Mil. Therefore, Cathay Pacific Airways's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 8.98%.
The historical rank and industry rank for Cathay Pacific Airways's Return-on-Tangible-Asset or its related term are showing as below:
FRA:CTY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.13 Med: 0.27 Max: 6.83
Current: 6.83
During the past 13 years, Cathay Pacific Airways's highest Return-on-Tangible-Asset was 6.83%. The lowest was -11.13%. And the median was 0.27%.
FRA:CTY's Return-on-Tangible-Asset is ranked better than 73.37% of 1010
companies
in the Transportation industry
Industry Median: 3.765
vs FRA:CTY: 6.83
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.
Cathay Pacific Airways Return-on-Tangible-Asset Related Terms
Cathay Pacific Airways Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Cathay Pacific Airways'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:CTY vs DAL, UAL, LUV: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, Cathay Pacific Airways'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.
Cathay Pacific Airways Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Cathay Pacific Airways's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cathay Pacific Airways'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 8.98% mean?
Cathay Pacific Airways (FRA:CTY) has a Return-on-Tangible-Asset of 8.98% 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 Cathay Pacific Airways and its competitors. This is 3226% above median its historical median of 0.27. According to the industry distribution chart, Cathay Pacific Airways ranks #269 out of 1010 companies in the Transportation industry, placing it in the top 26.6%.
Is Cathay Pacific Airways' Return-on-Tangible-Asset too high?
Cathay Pacific Airways' current Return-on-Tangible-Asset of 8.98% is 3226% above median its 10-year median of 0.27. The Transportation industry median Return-on-Tangible-Asset is 3.77. Cathay Pacific Airways' value of 8.98% is 138.5% above this industry median. Based on the distribution chart, Cathay Pacific Airways ranks #269 out of 1010 companies in the Transportation industry, which is above the industry midpoint. Overall, Cathay Pacific Airways has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cathay Pacific Airways' Return-on-Tangible-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Cathay Pacific Airways ranks #269 out of 1010 companies for Return-on-Tangible-Asset. This puts Cathay Pacific Airways in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.77. Cathay Pacific Airways' value of 8.98% is 138.5% above this benchmark. While the company's 10-year median is 0.27 vs. the industry median of 3.77, Cathay Pacific Airways 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 3.77, based on 1,010 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. Cathay Pacific Airways's current Return-on-Tangible-Asset of 8.98% is 138.5% 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 Cathay Pacific Airways 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. Cathay Pacific Airways's current Return-on-Tangible-Asset is 8.98%, which is 3226% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Pacific Airways stock overvalued right now?
Based on GuruFocus' analysis, Cathay Pacific Airways (FRA:CTY) is currently considered Fairly Valued. The stock's GF Value™ is €1.44, compared to a current price of €1.51 — trading 4.9% above its estimated fair value. The current Return-on-Tangible-Asset is 8.98%, which is 3226% above median its 10-year median of 0.27 and 138.5% above the Transportation industry median of 3.77. Cathay Pacific Airways' overall GF Score™ is 80/100 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 Cathay Pacific Airways (FRA:CTY), the current Return-on-Tangible-Asset is 8.98% 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 Cathay Pacific Airways (FRA:CTY) Overvalued in 2026?
Based on GuruFocus' analysis, Cathay Pacific Airways stock appears to be overvalued.
The current stock price of €1.51 is trading 4.9% above its estimated GF Value™ of €1.44.
GuruFocus considers Cathay Pacific Airways to be Fairly Valued.
Key valuation signals for FRA:CTY:
Return-on-Tangible-Asset: 8.98% (3226% above median its 10-year median of 0.27)
GF Value™: €1.44 vs. price of €1.51 (4.9% above fair value)
Industry Position: 138.5% above the Transportation median (#269 of 1010)
No single metric tells the full story. See the FRA:CTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cathay Pacific is Hong Kong's largest airline group, operating a fleet of 237 aircraft as of December 2025 and serving over 100 destinations globally. As of March 2026, its largest shareholders remain Swire Pacific and Air China, with stakes of 45% and 29%, respectively. The group operates the full-service carrier Cathay Pacific, low-cost carrier HK Express, and cargo operator Air Hong Kong.
80GF 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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