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Butler NationalBUKS -3.42%72 Return-on-Tangible-Equity is 32.10% as of Apr. 2026, which is 71% above its 10-year median of 18.72. GuruFocus rates BUKS with a GF Score™ of 72/100 and a GF Value™ of $1.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 336 Aerospace & Defense companies, Butler National ranks better than 81.25% 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. Butler National's annualized net income for the quarter that ended in Apr. 2026 was $22.22 Mil. Butler National's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $69.21 Mil. Therefore, Butler National's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 32.10%.
The historical rank and industry rank for Butler National's Return-on-Tangible-Equity or its related term are showing as below:
BUKS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.97 Med: 18.72 Max: 35.33
Current: 35.33
During the past 13 years, Butler National's highest Return-on-Tangible-Equity was 35.33%. The lowest was 1.97%. And the median was 18.72%.
BUKS's Return-on-Tangible-Equity is ranked better than 81.25% of 336
companies
in the Aerospace & Defense industry
Industry Median: 8
vs BUKS: 35.33
Butler National (OTCPK:BUKS) 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.
Butler National Return-on-Tangible-Equity Related Terms
Butler National Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Butler National'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.
BUKS vs SPCE, MRLN, ISSC: Return-on-Tangible-Equity Comparison
For the Aerospace & Defense subindustry, Butler National'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.
Butler National Return-on-Tangible-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Butler National's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Butler National'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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 32.10% mean?
Butler National (BUKS) has a Return-on-Tangible-Equity of 32.10% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Butler National and its competitors. This is 71% above median its historical median of 18.72. Over the past decade, Butler National's Return-on-Tangible-Equity has ranged from 1.97 to 35.33. According to the industry distribution chart, Butler National ranks #63 out of 336 companies in the Aerospace & Defense industry, placing it in the top 18.7%.
Is Butler National's Return-on-Tangible-Equity too high?
Butler National's current Return-on-Tangible-Equity of 32.10% is 71% above median its 10-year median of 18.72. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 35.33. The Aerospace & Defense industry median Return-on-Tangible-Equity is 8.00. Butler National's value of 32.10% is 301.3% above this industry median. Based on the distribution chart, Butler National ranks #63 out of 336 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Butler National has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Butler National's Return-on-Tangible-Equity compare to SPCE and MRLN?
According to the Aerospace & Defense industry distribution chart, Butler National ranks #63 out of 336 companies for Return-on-Tangible-Equity. This places Butler National in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.00. Butler National's value of 32.10% is 301.3% above this benchmark. Historically, Butler National's own Return-on-Tangible-Equity has ranged from 1.97 to 35.33 over the past decade. While the company's 10-year median is 18.72 vs. the industry median of 8.00, Butler National 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 an Aerospace & Defense company?
The median Return-on-Tangible-Equity among Aerospace & Defense companies is 8.00, based on 336 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. Butler National's current Return-on-Tangible-Equity of 32.10% is 301.3% 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 Butler National and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Equity is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Butler National's current Return-on-Tangible-Equity is 32.10%, which is 71% above median its own 10-year median of 18.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Butler National stock overvalued right now?
Based on GuruFocus' analysis, Butler National (BUKS) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.87, compared to a current price of $4.80 — trading 156.7% above its estimated fair value. The current Return-on-Tangible-Equity is 32.10%, which is 71% above median its 10-year median of 18.72 and 301.3% above the Aerospace & Defense industry median of 8.00. Butler National's overall GF Score™ is 72/100 with 4 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 Butler National (BUKS), the current Return-on-Tangible-Equity is 32.10% as of Apr. 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 Butler National (BUKS) Overvalued in 2026?
Based on GuruFocus' analysis, Butler National stock appears to be overvalued.
The current stock price of $4.80 is trading 156.7% above its estimated GF Value™ of $1.87.
GuruFocus considers Butler National to be Significantly Overvalued.
Key valuation signals for BUKS:
Return-on-Tangible-Equity: 32.10% (71% above median its 10-year median of 18.72)
GF Value™: $1.87 vs. price of $4.80 (156.7% above fair value)
Industry Position: 301.3% above the Aerospace & Defense median (#63 of 336)
No single metric tells the full story. See the BUKS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Butler National Corp is involved in the design, engineering, manufacturing, selling, integrating, installing, repairing, modifying, overhauling, servicing, and distributing portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems (Aerospace Products). The group serves the aviation industry, including owners of aircraft and contractors involved with private, commercial, business, and government aircraft operations. It also serves commercial weapon manufacturers and suppliers to governments and their agencies. The company has two operating segments: Professional Services and Aerospace Products. Its main source of revenue comes from the Aerospace Products segment. It operates in North America, Europe, Asia, Australia, and other geographical regions.
72GF Score
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