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Star FlyerTSE:9206 -0.73%50 Return-on-Tangible-Asset is 3.10% as of Mar. 2026, which is 79% above its 10-year median of 1.73. GuruFocus rates TSE:9206 with a GF Score™ of 50/100 and a GF Value™ of 円2,879.34 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,011 Transportation companies, Star Flyer ranks worse than 70.03% 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. Star Flyer's annualizedNet Income for the quarter that ended in Mar. 2026 was 円1,068 Mil. Star Flyer's average total tangible assets for the quarter that ended in Mar. 2026 was 円34,429 Mil. Therefore, Star Flyer's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.10%.
The historical rank and industry rank for Star Flyer's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9206'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -33.05 Med: 1.73 Max: 9.35
Current: 1.41
During the past 13 years, Star Flyer's highest Return-on-Tangible-Asset was 9.35%. The lowest was -33.05%. And the median was 1.73%.
TSE:9206's Return-on-Tangible-Asset is ranked worse than 70.03% of 1011
companies
in the Transportation industry
Industry Median: 3.78
vs TSE:9206: 1.41
Star Flyer (TSE:9206) 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.
Star Flyer Return-on-Tangible-Asset Related Terms
Star Flyer Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Star Flyer'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.
TSE:9206 vs DAL, UAL, LUV: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, Star Flyer'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.
Star Flyer Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Star Flyer's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Star Flyer'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.10% mean?
Star Flyer (TSE:9206) has a Return-on-Tangible-Asset of 3.10% 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 Star Flyer and its competitors. This is 79% above median its historical median of 1.73. According to the industry distribution chart, Star Flyer ranks #708 out of 1011 companies in the Transportation industry, placing it in the top 70%.
Is Star Flyer's Return-on-Tangible-Asset too high?
Star Flyer's current Return-on-Tangible-Asset of 3.10% is 79% above median its 10-year median of 1.73. The Transportation industry median Return-on-Tangible-Asset is 3.78. Star Flyer's value of 3.10% is 18% below this industry median. Based on the distribution chart, Star Flyer ranks #708 out of 1011 companies in the Transportation industry, which is below the industry midpoint. Overall, Star Flyer has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Star Flyer's Return-on-Tangible-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Star Flyer ranks #708 out of 1011 companies for Return-on-Tangible-Asset. This places Star Flyer in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.78. Star Flyer's value of 3.10% is 18% below this benchmark. While the company's 10-year median is 1.73 vs. the industry median of 3.78, Star Flyer 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 3.78, based on 1,011 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. Star Flyer's current Return-on-Tangible-Asset of 3.10% is 18% 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 Star Flyer and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Flyer's current Return-on-Tangible-Asset is 3.10%, which is 79% above median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Flyer stock overvalued right now?
Based on GuruFocus' analysis, Star Flyer (TSE:9206) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,879.34, compared to a current price of 円1,916.00 — trading 33.5% below its estimated fair value. The current Return-on-Tangible-Asset is 3.10%, which is 79% above median its 10-year median of 1.73 and 18% below the Transportation industry median of 3.78. Star Flyer's overall GF Score™ is 50/100 with 4 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 Star Flyer (TSE:9206), the current Return-on-Tangible-Asset is 3.10% 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 Star Flyer (TSE:9206) Overvalued in 2026?
Based on GuruFocus' analysis, Star Flyer stock appears to be undervalued.
The current stock price of 円1,916.00 is trading 33.5% below its estimated GF Value™ of 円2,879.34.
GuruFocus considers Star Flyer to be Significantly Undervalued.
Key valuation signals for TSE:9206:
Return-on-Tangible-Asset: 3.10% (79% above median its 10-year median of 1.73)
GF Value™: 円2,879.34 vs. price of 円1,916.00 (33.5% below fair value)
Industry Position: 18% below the Transportation median (#708 of 1011)
No single metric tells the full story. See the TSE:9206 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Star Flyer Inc operates as an airline carrier in the aviation industry. The company provides air transportation services for passengers, baggage, and cargo. Star Flyer also offers shuttle services between key Japanese cities.
50GF 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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