Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Frontier Group Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $-1,088 Mil. Frontier Group Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $7,092 Mil. Therefore, Frontier Group Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -15.34%.
The historical rank and industry rank for Frontier Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ULCC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.11 Med: 0.65 Max: 16.69
Current: -5.41
During the past 11 years, Frontier Group Holdings's highest Return-on-Tangible-Asset was 16.69%. The lowest was -6.11%. And the median was 0.65%.
ULCC's Return-on-Tangible-Asset is ranked worse than 90.68% of 1009
companies
in the Transportation industry
Industry Median: 3.78
vs ULCC: -5.41
Frontier Group Holdings (NAS:ULCC) 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.
Frontier Group Holdings Return-on-Tangible-Asset Related Terms
Frontier Group Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Frontier Group 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.
Frontier Group Holdings Return-on-Tangible-Asset Chart
ULCC vs JBLU, RJET, ALGT: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, Frontier Group 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.
Frontier Group Holdings Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Frontier Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Frontier Group 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 -15.34% mean?
Frontier Group Holdings (ULCC) has a Return-on-Tangible-Asset of -15.34% 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 Frontier Group Holdings and its competitors. According to the industry distribution chart, Frontier Group Holdings ranks #915 out of 1009 companies in the Transportation industry, placing it in the top 90.7%.
Is Frontier Group Holdings' Return-on-Tangible-Asset too high?
Frontier Group Holdings' current Return-on-Tangible-Asset is -15.34%. Based on the distribution chart, Frontier Group Holdings ranks #915 out of 1009 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Frontier Group Holdings has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Frontier Group Holdings' Return-on-Tangible-Asset compare to JBLU and RJET?
According to the Transportation industry distribution chart, Frontier Group Holdings ranks #915 out of 1009 companies for Return-on-Tangible-Asset. This places Frontier Group Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.78. 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. 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 Frontier Group Holdings 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. Frontier Group Holdings's current Return-on-Tangible-Asset is -15.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Frontier Group Holdings (ULCC) is currently considered Fairly Valued. The stock's GF Value™ is $5.66, compared to a current price of $6.23 — trading 10.1% above its estimated fair value. The current Return-on-Tangible-Asset is -15.34%. Frontier Group Holdings' overall GF Score™ is 76/100 with 7 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 Frontier Group Holdings (ULCC), the current Return-on-Tangible-Asset is -15.34% 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 Frontier Group Holdings (ULCC) Overvalued in 2026?
Based on GuruFocus' analysis, Frontier Group Holdings stock appears to be overvalued.
The current stock price of $6.23 is trading 10.1% above its estimated GF Value™ of $5.66.
GuruFocus considers Frontier Group Holdings to be Fairly Valued.
Key valuation signals for ULCC:
Return-on-Tangible-Asset: -15.34%
GF Value™: $5.66 vs. price of $6.23 (10.1% above fair value)
No single metric tells the full story. See the ULCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frontier Group Holdings Inc is an ultra-low-cost carrier whose business is focused on Low Fares Done Right. The company owns a fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos, and 4 A321neos. The use of these aircraft, their seating configuration, weight-saving tactics, and baggage process have all contributed to the ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers. The majority of revenue is from Domestic flight follow by International.
76GF Score
Get the complete analysis for ULCC
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
ULCC has been successfully added to your 
