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. Virgin Galactic Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN-4,667.94 Mil. Virgin Galactic Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was MXN13,995.23 Mil. Therefore, Virgin Galactic Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -33.35%.
The historical rank and industry rank for Virgin Galactic Holdings's Return-on-Tangible-Asset or its related term are showing as below:
MEX:SPCE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -91.5 Med: -35.26 Max: -19.76
Current: -30.78
During the past 9 years, Virgin Galactic Holdings's highest Return-on-Tangible-Asset was -19.76%. The lowest was -91.50%. And the median was -35.26%.
MEX:SPCE's Return-on-Tangible-Asset is ranked worse than 87.74% of 359
companies
in the Aerospace & Defense industry
Industry Median: 3.03
vs MEX:SPCE: -30.78
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.
Virgin Galactic Holdings Return-on-Tangible-Asset Related Terms
Virgin Galactic Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Virgin Galactic Holdings'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:SPCE vs ISSC, BUKS, POWW: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Virgin Galactic Holdings'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.
Virgin Galactic Holdings Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Virgin Galactic Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Virgin Galactic Holdings'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 -33.35% mean?
Virgin Galactic Holdings (MEX:SPCE) has a Return-on-Tangible-Asset of -33.35% 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 Virgin Galactic Holdings and its competitors. According to the industry distribution chart, Virgin Galactic Holdings ranks #315 out of 359 companies in the Aerospace & Defense industry, placing it in the top 87.7%.
Is Virgin Galactic Holdings' Return-on-Tangible-Asset too high?
Virgin Galactic Holdings' current Return-on-Tangible-Asset is -33.35%. Based on the distribution chart, Virgin Galactic Holdings ranks #315 out of 359 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Virgin Galactic Holdings has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Virgin Galactic Holdings' Return-on-Tangible-Asset compare to ISSC and BUKS?
According to the Aerospace & Defense industry distribution chart, Virgin Galactic Holdings ranks #315 out of 359 companies for Return-on-Tangible-Asset. This places Virgin Galactic Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.03. 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 3.03, based on 359 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 Virgin Galactic Holdings and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virgin Galactic Holdings's current Return-on-Tangible-Asset is -33.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virgin Galactic Holdings stock overvalued right now?
Based on GuruFocus' analysis, Virgin Galactic Holdings (MEX:SPCE) is currently considered Possible Value Trap. The stock's GF Value™ is MXN76.91, compared to a current price of MXN45.16 — trading 41.3% below its estimated fair value. The current Return-on-Tangible-Asset is -33.35%. Virgin Galactic Holdings' overall GF Score™ is 59/100 with 5 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 Virgin Galactic Holdings (MEX:SPCE), the current Return-on-Tangible-Asset is -33.35% 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 Virgin Galactic Holdings (MEX:SPCE) Overvalued in 2026?
Based on GuruFocus' analysis, Virgin Galactic Holdings stock appears to be undervalued.
The current stock price of MXN45.16 is trading 41.3% below its estimated GF Value™ of MXN76.91.
GuruFocus considers Virgin Galactic Holdings to be Possible Value Trap.
Key valuation signals for MEX:SPCE:
Return-on-Tangible-Asset: -33.35%
GF Value™: MXN76.91 vs. price of MXN45.16 (41.3% below fair value)
No single metric tells the full story. See the MEX:SPCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures air and space vehicles. Using technologies, the company is developing a spaceflight system designed to offer its customers a multi-day and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.
59GF 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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