Aegean AirlinesAGZNF 86 Return-on-Tangible-Equity is 48.93% as of Dec. 2025, which is 40% above its 10-year median of 34.94. GuruFocus rates AGZNF with a GF Score™ of 86/100 and a GF Value™ of $17.03 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 977 Transportation companies, Aegean Airlines ranks better than 88.54% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Aegean Airlines's annualized net income for the quarter that ended in Dec. 2025 was $234 Mil. Aegean Airlines's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $478 Mil. Therefore, Aegean Airlines's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 48.93%.
The historical rank and industry rank for Aegean Airlines's Return-on-Tangible-Equity or its related term are showing as below:
AGZNF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -177.06 Med: 34.94 Max: 56.97
Current: 35.94
During the past 13 years, Aegean Airlines's highest Return-on-Tangible-Equity was 56.97%. The lowest was -177.06%. And the median was 34.94%.
AGZNF's Return-on-Tangible-Equity is ranked better than 88.54% of 977
companies
in the Transportation industry
Industry Median: 9.02
vs AGZNF: 35.94
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Aegean Airlines Return-on-Tangible-Equity Related Terms
Aegean Airlines Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aegean Airlines's Return-on-Tangible-Equity 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.
AGZNF vs DAL, UAL, LUV: Return-on-Tangible-Equity Comparison
For the Airlines subindustry, Aegean Airlines's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Aegean Airlines Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Aegean Airlines's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aegean Airlines's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 48.93% mean?
Aegean Airlines (AGZNF) has a Return-on-Tangible-Equity of 48.93% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aegean Airlines and its competitors. This is 40% above median its historical median of 34.94. According to the industry distribution chart, Aegean Airlines ranks #112 out of 977 companies in the Transportation industry, placing it in the top 11.5%.
Is Aegean Airlines' Return-on-Tangible-Equity too high?
Aegean Airlines' current Return-on-Tangible-Equity of 48.93% is 40% above median its 10-year median of 34.94. The Transportation industry median Return-on-Tangible-Equity is 9.02. Aegean Airlines' value of 48.93% is 442.5% above this industry median. Based on the distribution chart, Aegean Airlines ranks #112 out of 977 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Aegean Airlines has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aegean Airlines' Return-on-Tangible-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Aegean Airlines ranks #112 out of 977 companies for Return-on-Tangible-Equity. This places Aegean Airlines in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.02. Aegean Airlines' value of 48.93% is 442.5% above this benchmark. While the company's 10-year median is 34.94 vs. the industry median of 9.02, Aegean Airlines has consistently been above 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-Equity for a Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.02, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aegean Airlines's current Return-on-Tangible-Equity of 48.93% is 442.5% above 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aegean Airlines and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aegean Airlines's current Return-on-Tangible-Equity is 48.93%, which is 40% above median its own 10-year median of 34.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aegean Airlines stock overvalued right now?
Based on GuruFocus' analysis, Aegean Airlines (AGZNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $17.03, compared to a current price of $14.20 — trading 16.6% below its estimated fair value. The current Return-on-Tangible-Equity is 48.93%, which is 40% above median its 10-year median of 34.94 and 442.5% above the Transportation industry median of 9.02. Aegean Airlines' overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Aegean Airlines (AGZNF), the current Return-on-Tangible-Equity is 48.93% 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 Aegean Airlines (AGZNF) Overvalued in 2026?
Based on GuruFocus' analysis, Aegean Airlines stock appears to be undervalued.
The current stock price of $14.20 is trading 16.6% below its estimated GF Value™ of $17.03.
GuruFocus considers Aegean Airlines to be Modestly Undervalued.
Key valuation signals for AGZNF:
Return-on-Tangible-Equity: 48.93% (40% above median its 10-year median of 34.94)
GF Value™: $17.03 vs. price of $14.20 (16.6% below fair value)
Industry Position: 442.5% above the Transportation median (#112 of 977)
No single metric tells the full story. See the AGZNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aegean Airlines SA is Greece's airline provider. The company generates revenue from Scheduled flights, Chartered flights, and others. The company generates maximum revenue from Scheduled flights. Additionally, it offers services related to air transportation, technical support, and ground-handling amenities. Approximately half of total passenger traffic derives from routes within Greece.
86GF Score
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