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. Delta Air Lines's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN-20,846 Mil. Delta Air Lines's average total tangible assets for the quarter that ended in Mar. 2026 was MXN1,210,118 Mil. Therefore, Delta Air Lines's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -1.72%.
The historical rank and industry rank for Delta Air Lines's Return-on-Tangible-Asset or its related term are showing as below:
MEX:DAL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -23.41 Med: 8.02 Max: 11.17
Current: 6.94
During the past 13 years, Delta Air Lines's highest Return-on-Tangible-Asset was 11.17%. The lowest was -23.41%. And the median was 8.02%.
MEX:DAL's Return-on-Tangible-Asset is ranked better than 73.64% of 1009
companies
in the Transportation industry
Industry Median: 3.76
vs MEX:DAL: 6.94
Delta Air Lines (MEX:DAL) 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.
Delta Air Lines Return-on-Tangible-Asset Related Terms
Delta Air Lines Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Delta Air Lines'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:DAL vs UAL, LUV, AAL: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, Delta Air Lines'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.
Delta Air Lines Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Delta Air Lines's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Delta Air Lines'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 -1.72% mean?
Delta Air Lines (MEX:DAL) has a Return-on-Tangible-Asset of -1.72% 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 Delta Air Lines and its competitors. According to the industry distribution chart, Delta Air Lines ranks #266 out of 1009 companies in the Transportation industry, placing it in the top 26.4%.
Is Delta Air Lines' Return-on-Tangible-Asset too high?
Delta Air Lines' current Return-on-Tangible-Asset is -1.72%. Based on the distribution chart, Delta Air Lines ranks #266 out of 1009 companies in the Transportation industry, which is above the industry midpoint. Overall, Delta Air Lines has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Air Lines' Return-on-Tangible-Asset compare to UAL and LUV?
According to the Transportation industry distribution chart, Delta Air Lines ranks #266 out of 1009 companies for Return-on-Tangible-Asset. This puts Delta Air Lines in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.76. 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 3.76, 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. 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 Delta Air Lines and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Air Lines's current Return-on-Tangible-Asset is -1.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Air Lines stock overvalued right now?
Based on GuruFocus' analysis, Delta Air Lines (MEX:DAL) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN936.35, compared to a current price of MXN1,585.01 — trading 69.3% above its estimated fair value. The current Return-on-Tangible-Asset is -1.72%. Delta Air Lines' overall GF Score™ is 73/100 with 9 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 Delta Air Lines (MEX:DAL), the current Return-on-Tangible-Asset is -1.72% 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 Delta Air Lines (MEX:DAL) Overvalued in 2026?
Based on GuruFocus' analysis, Delta Air Lines stock appears to be overvalued.
The current stock price of MXN1,585.01 is trading 69.3% above its estimated GF Value™ of MXN936.35.
GuruFocus considers Delta Air Lines to be Significantly Overvalued.
Key valuation signals for MEX:DAL:
Return-on-Tangible-Asset: -1.72%
GF Value™: MXN936.35 vs. price of MXN1,585.01 (69.3% above fair value)
No single metric tells the full story. See the MEX:DAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.
73GF Score
Get the complete analysis for MEX:DAL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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