General DynamicsMEX:GD 87 Return-on-Tangible-Asset is 12.58% as of Mar. 2026, which is 4% above its 10-year median of 12.04. GuruFocus rates MEX:GD with a GF Score™ of 87/100 and a GF Value™ of MXN5,545.33 (Fairly Valued). The stock has 8 warning signs investors should review. Among 357 Aerospace & Defense companies, General Dynamics ranks better than 88.8% 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. General Dynamics's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN81,147 Mil. General Dynamics's average total tangible assets for the quarter that ended in Mar. 2026 was MXN645,190 Mil. Therefore, General Dynamics's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.58%.
The historical rank and industry rank for General Dynamics's Return-on-Tangible-Asset or its related term are showing as below:
MEX:GD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.69 Med: 12.04 Max: 14.65
Current: 12.33
During the past 13 years, General Dynamics's highest Return-on-Tangible-Asset was 14.65%. The lowest was 10.69%. And the median was 12.04%.
MEX:GD's Return-on-Tangible-Asset is ranked better than 88.8% of 357
companies
in the Aerospace & Defense industry
Industry Median: 3.06
vs MEX:GD: 12.33
General Dynamics (MEX:GD) 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.
General Dynamics Return-on-Tangible-Asset Related Terms
General Dynamics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for General Dynamics'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:GD vs HWM, TDG, NOC: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, General Dynamics'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.
General Dynamics Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, General Dynamics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where General Dynamics'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 12.58% mean?
General Dynamics (MEX:GD) has a Return-on-Tangible-Asset of 12.58% 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 General Dynamics and its competitors. This is near median its historical median of 12.04. Over the past decade, General Dynamics' Return-on-Tangible-Asset has ranged from 10.69 to 14.65. According to the industry distribution chart, General Dynamics ranks #40 out of 357 companies in the Aerospace & Defense industry, placing it in the top 11.2%.
Is General Dynamics' Return-on-Tangible-Asset too high?
General Dynamics' current Return-on-Tangible-Asset of 12.58% is near median its 10-year median of 12.04. Over the past 10 years, this metric has ranged from a low of 10.69 to a high of 14.65. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.06. General Dynamics' value of 12.58% is 311.1% above this industry median. Based on the distribution chart, General Dynamics ranks #40 out of 357 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, General Dynamics has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does General Dynamics' Return-on-Tangible-Asset compare to HWM and TDG?
According to the Aerospace & Defense industry distribution chart, General Dynamics ranks #40 out of 357 companies for Return-on-Tangible-Asset. This places General Dynamics in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. General Dynamics' value of 12.58% is 311.1% above this benchmark. Historically, General Dynamics' own Return-on-Tangible-Asset has ranged from 10.69 to 14.65 over the past decade. While the company's 10-year median is 12.04 vs. the industry median of 3.06, General Dynamics 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 3.06, based on 357 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. General Dynamics's current Return-on-Tangible-Asset of 12.58% is 311.1% 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 General Dynamics and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Dynamics's current Return-on-Tangible-Asset is 12.58%, which is near median its own 10-year median of 12.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Dynamics stock overvalued right now?
Based on GuruFocus' analysis, General Dynamics (MEX:GD) is currently considered Fairly Valued. The stock's GF Value™ is MXN5,545.33, compared to a current price of MXN5,976.00 — trading 7.8% above its estimated fair value. The current Return-on-Tangible-Asset is 12.58%, which is near median its 10-year median of 12.04 and 311.1% above the Aerospace & Defense industry median of 3.06. General Dynamics' overall GF Score™ is 87/100 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 General Dynamics (MEX:GD), the current Return-on-Tangible-Asset is 12.58% 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 General Dynamics (MEX:GD) Overvalued in 2026?
Based on GuruFocus' analysis, General Dynamics stock appears to be overvalued.
The current stock price of MXN5,976.00 is trading 7.8% above its estimated GF Value™ of MXN5,545.33.
GuruFocus considers General Dynamics to be Fairly Valued.
Key valuation signals for MEX:GD:
Return-on-Tangible-Asset: 12.58% (near median its 10-year median of 12.04)
GF Value™: MXN5,545.33 vs. price of MXN5,976.00 (7.8% above fair value)
Industry Position: 311.1% above the Aerospace & Defense median (#40 of 357)
No single metric tells the full story. See the MEX:GD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments are aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and Navy support ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business focusing on electronics that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
87GF Score
Get the complete analysis for MEX:GD
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:GD has been successfully added to your 
