Aeroports de ParisWBO:ADPA +1.84%74 Return-on-Tangible-Asset is 3.43% as of Dec. 2025, which is 4% below its 10-year median of 3.59. GuruFocus rates WBO:ADPA with a GF Score™ of 74/100 and a GF Value™ of €135.80 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,008 Transportation companies, Aeroports de Paris ranks worse than 62.8% 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. Aeroports de Paris's annualizedNet Income for the quarter that ended in Dec. 2025 was €570 Mil. Aeroports de Paris's average total tangible assets for the quarter that ended in Dec. 2025 was €16,615 Mil. Therefore, Aeroports de Paris's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.43%.
The historical rank and industry rank for Aeroports de Paris's Return-on-Tangible-Asset or its related term are showing as below:
WBO:ADPA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.99 Med: 3.59 Max: 5.2
Current: 2.28
During the past 13 years, Aeroports de Paris's highest Return-on-Tangible-Asset was 5.20%. The lowest was -7.99%. And the median was 3.59%.
WBO:ADPA's Return-on-Tangible-Asset is ranked worse than 62.8% of 1008
companies
in the Transportation industry
Industry Median: 3.78
vs WBO:ADPA: 2.28
Aeroports de Paris (WBO:ADPA) 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.
Aeroports de Paris Return-on-Tangible-Asset Related Terms
Aeroports de Paris Return-on-Tangible-Asset Historical Data
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The historical data trend for Aeroports de Paris'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.
WBO:ADPA vs JOBY: Return-on-Tangible-Asset Comparison
For the Airports & Air Services subindustry, Aeroports de Paris'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.
Aeroports de Paris Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Aeroports de Paris's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aeroports de Paris'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.43% mean?
Aeroports de Paris (WBO:ADPA) has a Return-on-Tangible-Asset of 3.43% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aeroports de Paris and its competitors. This is near median its historical median of 3.59. According to the industry distribution chart, Aeroports de Paris ranks #633 out of 1008 companies in the Transportation industry, placing it in the top 62.8%.
Is Aeroports de Paris' Return-on-Tangible-Asset too high?
Aeroports de Paris' current Return-on-Tangible-Asset of 3.43% is near median its 10-year median of 3.59. The Transportation industry median Return-on-Tangible-Asset is 3.78. Aeroports de Paris' value of 3.43% is 9.3% below this industry median. Based on the distribution chart, Aeroports de Paris ranks #633 out of 1008 companies in the Transportation industry, which is below the industry midpoint. Overall, Aeroports de Paris has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aeroports de Paris' Return-on-Tangible-Asset compare to JOBY?
According to the Transportation industry distribution chart, Aeroports de Paris ranks #633 out of 1008 companies for Return-on-Tangible-Asset. This places Aeroports de Paris in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.78. Aeroports de Paris' value of 3.43% is 9.3% below this benchmark. While the company's 10-year median is 3.59 vs. the industry median of 3.78, Aeroports de Paris 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 1,008 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. Aeroports de Paris's current Return-on-Tangible-Asset of 3.43% is 9.3% 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 Aeroports de Paris 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. Aeroports de Paris's current Return-on-Tangible-Asset is 3.43%, which is near median its own 10-year median of 3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeroports de Paris stock overvalued right now?
Based on GuruFocus' analysis, Aeroports de Paris (WBO:ADPA) is currently considered Modestly Undervalued. The stock's GF Value™ is €135.80, compared to a current price of €110.90 — trading 18.3% below its estimated fair value. The current Return-on-Tangible-Asset is 3.43%, which is near median its 10-year median of 3.59 and 9.3% below the Transportation industry median of 3.78. Aeroports de Paris' overall GF Score™ is 74/100 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 Aeroports de Paris (WBO:ADPA), the current Return-on-Tangible-Asset is 3.43% as of Dec. 2025. 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 Aeroports de Paris (WBO:ADPA) Overvalued in 2026?
Based on GuruFocus' analysis, Aeroports de Paris stock appears to be undervalued.
The current stock price of €110.90 is trading 18.3% below its estimated GF Value™ of €135.80.
GuruFocus considers Aeroports de Paris to be Modestly Undervalued.
Key valuation signals for WBO:ADPA:
Return-on-Tangible-Asset: 3.43% (near median its 10-year median of 3.59)
GF Value™: €135.80 vs. price of €110.90 (18.3% below fair value)
Industry Position: 9.3% below the Transportation median (#633 of 1008)
No single metric tells the full story. See the WBO:ADPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aeroports de Paris owns and operates Paris' commercial airports, Charles de Gaulle, Orly, and Paris-Le Bourget, and has equity holdings in TAV Airports and GMR Airports. The Parisian airports operate under a hybrid-till regime, but there is no cross-subsidy, which leaves their commercial businesses largely unregulated. The Parisian business is split between regulated aviation activities, retail and services businesses, and real estate activities. In 2025, retail and services contributed 56% of the group's operating profit, despite generating only 32% of the group's sales. It has a relatively high contribution from its international segment among our European airport coverage, with 28% of group EBITDA deriving from overseas operations in 2025.
74GF 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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