Aspen AerogelsASPN 67 Return-on-Tangible-Equity is -42.21% as of Mar. 2026. GuruFocus rates ASPN with a GF Score™ of 67/100 and a GF Value™ of $5.11 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,704 Construction companies, Aspen Aerogels ranks worse than 93.84% 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. Aspen Aerogels's annualized net income for the quarter that ended in Mar. 2026 was $-94.8 Mil. Aspen Aerogels's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $224.5 Mil. Therefore, Aspen Aerogels's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -42.21%.
The historical rank and industry rank for Aspen Aerogels's Return-on-Tangible-Equity or its related term are showing as below:
ASPN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -91.64 Med: -25.64 Max: 2.43
Current: -40.63
During the past 13 years, Aspen Aerogels's highest Return-on-Tangible-Equity was 2.43%. The lowest was -91.64%. And the median was -25.64%.
ASPN's Return-on-Tangible-Equity is ranked worse than 93.84% of 1704
companies
in the Construction industry
Industry Median: 8.245
vs ASPN: -40.63
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.
Aspen Aerogels Return-on-Tangible-Equity Related Terms
Aspen Aerogels Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aspen Aerogels'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.
ASPN vs AIRJ, JLHL, PPIH: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, Aspen Aerogels'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.
Aspen Aerogels Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Aspen Aerogels's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aspen Aerogels'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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -42.21% mean?
Aspen Aerogels (ASPN) has a Return-on-Tangible-Equity of -42.21% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aspen Aerogels and its competitors. According to the industry distribution chart, Aspen Aerogels ranks #1599 out of 1704 companies in the Construction industry, placing it in the top 93.8%.
Is Aspen Aerogels' Return-on-Tangible-Equity too high?
Aspen Aerogels' current Return-on-Tangible-Equity is -42.21%. Based on the distribution chart, Aspen Aerogels ranks #1599 out of 1704 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Aspen Aerogels has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspen Aerogels' Return-on-Tangible-Equity compare to AIRJ and JLHL?
According to the Construction industry distribution chart, Aspen Aerogels ranks #1599 out of 1704 companies for Return-on-Tangible-Equity. This places Aspen Aerogels in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.25. 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.25, based on 1,704 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. 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 Aspen Aerogels and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Aerogels's current Return-on-Tangible-Equity is -42.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Aerogels stock overvalued right now?
Based on GuruFocus' analysis, Aspen Aerogels (ASPN) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.11, compared to a current price of $6.34 — trading 24.1% above its estimated fair value. The current Return-on-Tangible-Equity is -42.21%. Aspen Aerogels' overall GF Score™ is 67/100 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 Aspen Aerogels (ASPN), the current Return-on-Tangible-Equity is -42.21% 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 Aspen Aerogels (ASPN) Overvalued in 2026?
Based on GuruFocus' analysis, Aspen Aerogels stock appears to be overvalued.
The current stock price of $6.34 is trading 24.1% above its estimated GF Value™ of $5.11.
GuruFocus considers Aspen Aerogels to be Modestly Overvalued.
Key valuation signals for ASPN:
Return-on-Tangible-Equity: -42.21%
GF Value™: $5.11 vs. price of $6.34 (24.1% above fair value)
No single metric tells the full story. See the ASPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspen Aerogels Inc is an aerogel technology company that designs, develops, and manufactures high-performance aerogel insulation used in the energy industrial and sustainable insulation markets. The company also conducts research and development related to aerogel technology, supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in two operating segment Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. It generates the majority of its revenue from the Thermal Barrier segment and the United States market. Some of its products include Pyrogel XTE, Cryogel Z, Spaceloft Subsea, and others.
67GF Score
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