Dassault AviationMEX:AM 81 Return-on-Tangible-Asset is 3.92% as of Dec. 2025, which is 10% above its 10-year median of 3.56. GuruFocus rates MEX:AM with a GF Score™ of 81/100 and a GF Value™ of MXN7,441.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 356 Aerospace & Defense companies, Dassault Aviation ranks better than 50.28% 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. Dassault Aviation's annualizedNet Income for the quarter that ended in Dec. 2025 was MXN27,112 Mil. Dassault Aviation's average total tangible assets for the quarter that ended in Dec. 2025 was MXN691,355 Mil. Therefore, Dassault Aviation's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.92%.
The historical rank and industry rank for Dassault Aviation's Return-on-Tangible-Asset or its related term are showing as below:
MEX:AM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.1 Med: 3.56 Max: 4.42
Current: 3.13
During the past 13 years, Dassault Aviation's highest Return-on-Tangible-Asset was 4.42%. The lowest was 2.10%. And the median was 3.56%.
MEX:AM's Return-on-Tangible-Asset is ranked better than 50.28% of 356
companies
in the Aerospace & Defense industry
Industry Median: 3.085
vs MEX:AM: 3.13
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.
Dassault Aviation Return-on-Tangible-Asset Related Terms
Dassault Aviation Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Dassault Aviation'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.
MEX:AM vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Dassault Aviation'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.
Dassault Aviation Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Dassault Aviation's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dassault Aviation'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 3.92% mean?
Dassault Aviation (MEX:AM) has a Return-on-Tangible-Asset of 3.92% 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 Dassault Aviation and its competitors. This is 10% above median its historical median of 3.56. Over the past decade, Dassault Aviation's Return-on-Tangible-Asset has ranged from 2.10 to 4.42. According to the industry distribution chart, Dassault Aviation ranks #177 out of 356 companies in the Aerospace & Defense industry, placing it in the top 49.7%.
Is Dassault Aviation's Return-on-Tangible-Asset too high?
Dassault Aviation's current Return-on-Tangible-Asset of 3.92% is 10% above median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 4.42. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.09. Dassault Aviation's value of 3.92% is 27.1% above this industry median. Based on the distribution chart, Dassault Aviation ranks #177 out of 356 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Dassault Aviation has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dassault Aviation's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Dassault Aviation ranks #177 out of 356 companies for Return-on-Tangible-Asset. This puts Dassault Aviation in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.09. Dassault Aviation's value of 3.92% is 27.1% above this benchmark. Historically, Dassault Aviation's own Return-on-Tangible-Asset has ranged from 2.10 to 4.42 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 3.09, Dassault Aviation 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 an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.09, based on 356 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. Dassault Aviation's current Return-on-Tangible-Asset of 3.92% is 27.1% 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 Dassault Aviation and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dassault Aviation's current Return-on-Tangible-Asset is 3.92%, which is 10% above median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dassault Aviation stock overvalued right now?
Based on GuruFocus' analysis, Dassault Aviation (MEX:AM) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN7,441.21, compared to a current price of MXN5,709.86 — trading 23.3% below its estimated fair value. The current Return-on-Tangible-Asset is 3.92%, which is 10% above median its 10-year median of 3.56 and 27.1% above the Aerospace & Defense industry median of 3.09. Dassault Aviation's overall GF Score™ is 81/100 with 3 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 Dassault Aviation (MEX:AM), the current Return-on-Tangible-Asset is 3.92% 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 Dassault Aviation (MEX:AM) Overvalued in 2026?
Based on GuruFocus' analysis, Dassault Aviation stock appears to be undervalued.
The current stock price of MXN5,709.86 is trading 23.3% below its estimated GF Value™ of MXN7,441.21.
GuruFocus considers Dassault Aviation to be Modestly Undervalued.
Key valuation signals for MEX:AM:
Return-on-Tangible-Asset: 3.92% (10% above median its 10-year median of 3.56)
GF Value™: MXN7,441.21 vs. price of MXN5,709.86 (23.3% below fair value)
Industry Position: 27.1% above the Aerospace & Defense median (#177 of 356)
No single metric tells the full story. See the MEX:AM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dassault Aviation, controlled by the French Dassault Group, designs, builds, and maintains military fighter jets and is one of the largest manufacturers of business jets. It holds a 26.6% stake in defense electronics group Thales, whose earnings contribution accounts for roughly half of Dassault's adjusted net income. In 2025, Dassault Aviation generated EUR 7.4 billion in revenue with over 15,000 employees. About 63% of revenue comes from defense aircraft and services, while Falcon business jets generate the remaining 37%.
81GF Score
Get the complete analysis for MEX:AM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:AM has been successfully added to your 
