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Chorus AviationTSX:CHR -1.08%78 Return-on-Tangible-Asset is 2.15% as of Mar. 2026, which is 25% below its 10-year median of 2.85. GuruFocus rates TSX:CHR with a GF Score™ of 78/100 and a GF Value™ of C$20.44 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,009 Transportation companies, Chorus Aviation ranks better than 60.95% 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. Chorus Aviation's annualizedNet Income for the quarter that ended in Mar. 2026 was C$28 Mil. Chorus Aviation's average total tangible assets for the quarter that ended in Mar. 2026 was C$1,301 Mil. Therefore, Chorus Aviation's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.15%.
The historical rank and industry rank for Chorus Aviation's Return-on-Tangible-Asset or its related term are showing as below:
TSX:CHR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.84 Med: 2.85 Max: 9.62
Current: 5
During the past 13 years, Chorus Aviation's highest Return-on-Tangible-Asset was 9.62%. The lowest was -5.84%. And the median was 2.85%.
TSX:CHR's Return-on-Tangible-Asset is ranked better than 60.95% of 1009
companies
in the Transportation industry
Industry Median: 3.78
vs TSX:CHR: 5.00
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.
Chorus Aviation Return-on-Tangible-Asset Related Terms
Chorus Aviation Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chorus Aviation'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.
TSX:CHR vs JOBY: Return-on-Tangible-Asset Comparison
For the Airports & Air Services subindustry, Chorus Aviation'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.
Chorus Aviation Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Chorus Aviation's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chorus Aviation'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 2.15% mean?
Chorus Aviation (TSX:CHR) has a Return-on-Tangible-Asset of 2.15% 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 Chorus Aviation and its competitors. This is 25% below median its historical median of 2.85. According to the industry distribution chart, Chorus Aviation ranks #394 out of 1009 companies in the Transportation industry, placing it in the top 39%.
Is Chorus Aviation's Return-on-Tangible-Asset too high?
Chorus Aviation's current Return-on-Tangible-Asset of 2.15% is 25% below median its 10-year median of 2.85. The Transportation industry median Return-on-Tangible-Asset is 3.78. Chorus Aviation's value of 2.15% is 43.1% below this industry median. Based on the distribution chart, Chorus Aviation ranks #394 out of 1009 companies in the Transportation industry, which is above the industry midpoint. Overall, Chorus Aviation has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chorus Aviation's Return-on-Tangible-Asset compare to JOBY?
According to the Transportation industry distribution chart, Chorus Aviation ranks #394 out of 1009 companies for Return-on-Tangible-Asset. This puts Chorus Aviation in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.78. Chorus Aviation's value of 2.15% is 43.1% below this benchmark. While the company's 10-year median is 2.85 vs. the industry median of 3.78, Chorus Aviation 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 1,009 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. Chorus Aviation's current Return-on-Tangible-Asset of 2.15% is 43.1% 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 Chorus Aviation 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. Chorus Aviation's current Return-on-Tangible-Asset is 2.15%, which is 25% below median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chorus Aviation stock overvalued right now?
Based on GuruFocus' analysis, Chorus Aviation (TSX:CHR) is currently considered Modestly Overvalued. The stock's GF Value™ is C$20.44, compared to a current price of C$23.76 — trading 16.2% above its estimated fair value. The current Return-on-Tangible-Asset is 2.15%, which is 25% below median its 10-year median of 2.85 and 43.1% below the Transportation industry median of 3.78. Chorus Aviation's overall GF Score™ is 78/100 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 Chorus Aviation (TSX:CHR), the current Return-on-Tangible-Asset is 2.15% 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 Chorus Aviation (TSX:CHR) Overvalued in 2026?
Based on GuruFocus' analysis, Chorus Aviation stock appears to be overvalued.
The current stock price of C$23.76 is trading 16.2% above its estimated GF Value™ of C$20.44.
GuruFocus considers Chorus Aviation to be Modestly Overvalued.
Key valuation signals for TSX:CHR:
Return-on-Tangible-Asset: 2.15% (25% below median its 10-year median of 2.85)
GF Value™: C$20.44 vs. price of C$23.76 (16.2% above fair value)
Industry Position: 43.1% below the Transportation median (#394 of 1009)
No single metric tells the full story. See the TSX:CHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chorus Aviation Inc is a Canadian holding company. The company focuses on delivering regional aviation to the world through its businesses. The company specializes in contract flying, maintenance, pilot training, repair and overhaul, and aircraft leasing solutions.
78GF Score
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