Air WaterAWTRF 88 Return-on-Tangible-Equity is -33.57% as of Sep. 2025. GuruFocus rates AWTRF with a GF Score™ of 88/100 and a GF Value™ of $12.17 (Modestly Overvalued). The stock has 14 warning signs investors should review. Among 1,566 Chemicals companies, Air Water ranks worse than 64.37% 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. Air Water's annualized net income for the quarter that ended in Sep. 2025 was $-863 Mil. Air Water's average shareholder tangible equity for the quarter that ended in Sep. 2025 was $2,571 Mil. Therefore, Air Water's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was -33.57%.
The historical rank and industry rank for Air Water's Return-on-Tangible-Equity or its related term are showing as below:
AWTRF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.82 Med: 12.26 Max: 14.82
Current: 2.82
During the past 13 years, Air Water's highest Return-on-Tangible-Equity was 14.82%. The lowest was 2.82%. And the median was 12.26%.
AWTRF's Return-on-Tangible-Equity is ranked worse than 64.37% of 1566
companies
in the Chemicals industry
Industry Median: 5.69
vs AWTRF: 2.82
Air Water (OTCPK:AWTRF) Return-on-Tangible-Equity Explanation
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.
Air Water Return-on-Tangible-Equity Related Terms
Air Water Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Air Water'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.
AWTRF vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Air Water'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.
Air Water Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Water's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Air Water'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 (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -33.57% mean?
Air Water (AWTRF) has a Return-on-Tangible-Equity of -33.57% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Air Water and its competitors. Over the past decade, Air Water's Return-on-Tangible-Equity has ranged from 2.82 to 14.82. According to the industry distribution chart, Air Water ranks #1008 out of 1566 companies in the Chemicals industry, placing it in the top 64.4%.
Is Air Water's Return-on-Tangible-Equity too high?
Air Water's current Return-on-Tangible-Equity is -33.57%. Over the past 10 years, this metric has ranged from a low of 2.82 to a high of 14.82. Based on the distribution chart, Air Water ranks #1008 out of 1566 companies in the Chemicals industry, which is below the industry midpoint. Overall, Air Water has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Water's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Water ranks #1008 out of 1566 companies for Return-on-Tangible-Equity. This places Air Water in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.69. Historically, Air Water's own Return-on-Tangible-Equity has ranged from 2.82 to 14.82 over the past decade. 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.69, based on 1,566 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 Air Water and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Water's current Return-on-Tangible-Equity is -33.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Water stock overvalued right now?
Based on GuruFocus' analysis, Air Water (AWTRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.17, compared to a current price of $14.75 — trading 21.2% above its estimated fair value. The current Return-on-Tangible-Equity is -33.57%. Air Water's overall GF Score™ is 88/100 with 14 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 Air Water (AWTRF), the current Return-on-Tangible-Equity is -33.57% as of Sep. 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 Air Water (AWTRF) Overvalued in 2026?
Based on GuruFocus' analysis, Air Water stock appears to be overvalued.
The current stock price of $14.75 is trading 21.2% above its estimated GF Value™ of $12.17.
GuruFocus considers Air Water to be Modestly Overvalued.
Key valuation signals for AWTRF:
Return-on-Tangible-Equity: -33.57%
GF Value™: $12.17 vs. price of $14.75 (21.2% above fair value)
No single metric tells the full story. See the AWTRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.
88GF Score
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