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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.
Beyond AirXAIR -5.67%25 Return-on-Tangible-Asset is -117.39% as of Mar. 2026. GuruFocus rates XAIR with a GF Score™ of 25/100 and a GF Value™ of $134.81 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 855 Medical Devices & Instruments companies, Beyond Air ranks worse than 90.06% 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. Beyond Air's annualizedNet Income for the quarter that ended in Mar. 2026 was $-41.13 Mil. Beyond Air's average total tangible assets for the quarter that ended in Mar. 2026 was $35.04 Mil. Therefore, Beyond Air's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -117.39%.
The historical rank and industry rank for Beyond Air's Return-on-Tangible-Asset or its related term are showing as below:
XAIR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1644.1 Med: -98.23 Max: -62.8
Current: -106.77
During the past 12 years, Beyond Air's highest Return-on-Tangible-Asset was -62.80%. The lowest was -1644.10%. And the median was -98.23%.
XAIR's Return-on-Tangible-Asset is ranked worse than 90.06% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: 0.62
vs XAIR: -106.77
Beyond Air (NAS:XAIR) 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.
Beyond Air Return-on-Tangible-Asset Related Terms
Beyond Air Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Beyond Air'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.
XAIR vs VVOS, TNON, BMRA: Return-on-Tangible-Asset Comparison
For the Medical Devices subindustry, Beyond Air'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.
Beyond Air Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Beyond Air's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Beyond Air'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 -117.39% mean?
Beyond Air (XAIR) has a Return-on-Tangible-Asset of -117.39% 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 Beyond Air and its competitors. According to the industry distribution chart, Beyond Air ranks #770 out of 855 companies in the Medical Devices & Instruments industry, placing it in the top 90.1%.
Is Beyond Air's Return-on-Tangible-Asset too high?
Beyond Air's current Return-on-Tangible-Asset is -117.39%. Based on the distribution chart, Beyond Air ranks #770 out of 855 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Beyond Air has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Beyond Air's Return-on-Tangible-Asset compare to VVOS and TNON?
According to the Medical Devices & Instruments industry distribution chart, Beyond Air ranks #770 out of 855 companies for Return-on-Tangible-Asset. This places Beyond Air in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.62. 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.62, based on 855 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 Beyond Air and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beyond Air's current Return-on-Tangible-Asset is -117.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Air stock overvalued right now?
Based on GuruFocus' analysis, Beyond Air (XAIR) is currently considered Possible Value Trap. The stock's GF Value™ is $134.81, compared to a current price of $5.20 — trading 96.1% below its estimated fair value. The current Return-on-Tangible-Asset is -117.39%. Beyond Air's overall GF Score™ is 25/100 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 Beyond Air (XAIR), the current Return-on-Tangible-Asset is -117.39% 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 Beyond Air (XAIR) Overvalued in 2026?
Based on GuruFocus' analysis, Beyond Air stock appears to be undervalued.
The current stock price of $5.20 is trading 96.1% below its estimated GF Value™ of $134.81.
GuruFocus considers Beyond Air to be Possible Value Trap.
Key valuation signals for XAIR:
Return-on-Tangible-Asset: -117.39%
GF Value™: $134.81 vs. price of $5.20 (96.1% below fair value)
No single metric tells the full story. See the XAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beyond Air Inc is a commercial-stage medical device and biopharmaceutical company that develops a Nitric Oxide (NO) Generator and Delivery System that uses NO generated from ambient air and delivers precise amounts of NO to the lungs for the potential treatment of respiratory and other diseases. The firm is applying its therapeutic expertise to develop treatments for pulmonary hypertension, in addition to treatments for lower respiratory tract infections.
25GF Score
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