SATSSPASY 63 Return-on-Tangible-Asset is 2.65% as of Mar. 2026, which is 46% below its 10-year median of 4.94. GuruFocus rates SPASY with a GF Score™ of 63/100 and a GF Value™ of $31.92 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,015 Transportation companies, SATS ranks better than 56.55% 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. SATS's annualizedNet Income for the quarter that ended in Mar. 2026 was $150 Mil. SATS's average total tangible assets for the quarter that ended in Mar. 2026 was $5,666 Mil. Therefore, SATS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.65%.
The historical rank and industry rank for SATS's Return-on-Tangible-Asset or its related term are showing as below:
SPASY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3 Med: 4.94 Max: 12.7
Current: 4.49
During the past 13 years, SATS's highest Return-on-Tangible-Asset was 12.70%. The lowest was -3.00%. And the median was 4.94%.
SPASY's Return-on-Tangible-Asset is ranked better than 56.55% of 1015
companies
in the Transportation industry
Industry Median: 3.76
vs SPASY: 4.49
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.
SATS Return-on-Tangible-Asset Related Terms
SATS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SATS'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.
SPASY vs JOBY, CAAP: Return-on-Tangible-Asset Comparison
For the Airports & Air Services subindustry, SATS'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.
SATS Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, SATS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SATS'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 2.65% mean?
SATS (SPASY) has a Return-on-Tangible-Asset of 2.65% 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 SATS and its competitors. This is 46% below median its historical median of 4.94. According to the industry distribution chart, SATS ranks #441 out of 1015 companies in the Transportation industry, placing it in the top 43.4%.
Is SATS's Return-on-Tangible-Asset too high?
SATS's current Return-on-Tangible-Asset of 2.65% is 46% below median its 10-year median of 4.94. The Transportation industry median Return-on-Tangible-Asset is 3.76. SATS's value of 2.65% is 29.5% below this industry median. Based on the distribution chart, SATS ranks #441 out of 1015 companies in the Transportation industry, which is above the industry midpoint. Overall, SATS has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SATS's Return-on-Tangible-Asset compare to JOBY and CAAP?
According to the Transportation industry distribution chart, SATS ranks #441 out of 1015 companies for Return-on-Tangible-Asset. This puts SATS in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.76. SATS's value of 2.65% is 29.5% below this benchmark. While the company's 10-year median is 4.94 vs. the industry median of 3.76, SATS has consistently been below 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 3.76, based on 1,015 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. SATS's current Return-on-Tangible-Asset of 2.65% is 29.5% below 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 SATS 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. SATS's current Return-on-Tangible-Asset is 2.65%, which is 46% below median its own 10-year median of 4.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SATS stock overvalued right now?
Based on GuruFocus' analysis, SATS (SPASY) is currently considered Fairly Valued. The stock's GF Value™ is $31.92, compared to a current price of $34.04 — trading 6.6% above its estimated fair value. The current Return-on-Tangible-Asset is 2.65%, which is 46% below median its 10-year median of 4.94 and 29.5% below the Transportation industry median of 3.76. SATS's overall GF Score™ is 63/100 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 SATS (SPASY), the current Return-on-Tangible-Asset is 2.65% 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 SATS (SPASY) Overvalued in 2026?
Based on GuruFocus' analysis, SATS stock appears to be overvalued.
The current stock price of $34.04 is trading 6.6% above its estimated GF Value™ of $31.92.
GuruFocus considers SATS to be Fairly Valued.
Key valuation signals for SPASY:
Return-on-Tangible-Asset: 2.65% (46% below median its 10-year median of 4.94)
GF Value™: $31.92 vs. price of $34.04 (6.6% above fair value)
Industry Position: 29.5% below the Transportation median (#441 of 1015)
No single metric tells the full story. See the SPASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SATS Ltd is a Singapore-based provider of ground-handling and in-flight catering services for air transportation in Asia and Australia. Additionally, it offers food distribution and logistics, industrial catering, and other amenities for hospitality and government agencies. The company has three reportable segments: food solutions (segment by revenue), gateway services, and others. The company has partnerships with multiple airlines to provide catering during flights and offers experience in planning airline menus, institutional catering, linen, and laundry to improve the airline's appearance. Gateway services cover the gamut of procedures airports must handle for each passenger. Baggage, ramp handling, passenger services, and terminal management are all offered to customers.
63GF Score
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