Air France-KLMCHIX:AFP 68 Return-on-Tangible-Equity is 0.00% as of Mar. 2026. GuruFocus rates CHIX:AFP with a GF Score™ of 68/100 and a GF Value™ of €9.63 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 975 Transportation companies, Air France-KLM ranks better than 99.9% 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 France-KLM's annualized net income for the quarter that ended in Mar. 2026 was €-1,148 Mil. Air France-KLM's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-782 Mil. Therefore, Air France-KLM's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was N/A%.
The historical rank and industry rank for Air France-KLM's Return-on-Tangible-Equity or its related term are showing as below:
CHIX:AFp'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 51.01 Med: 56.25 Max: 61.49
Current: Negative Tangible Equity
During the past 13 years, Air France-KLM's highest Return-on-Tangible-Equity was 61.49%. The lowest was 51.01%. And the median was 56.25%.
CHIX:AFp's Return-on-Tangible-Equity is ranked better than 99.9% of 975
companies
in the Transportation industry
Industry Median: 9
vs CHIX:AFp: Negative Tangible Equity
Air France-KLM (CHIX:AFp) 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 France-KLM Return-on-Tangible-Equity Related Terms
Air France-KLM Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Air France-KLM'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.
CHIX:AFP vs DAL, UAL, LUV: Return-on-Tangible-Equity Comparison
For the Airlines subindustry, Air France-KLM'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 France-KLM Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Air France-KLM'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 0.00% mean?
Air France-KLM (CHIX:AFP) has a Return-on-Tangible-Equity of 0.00% 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 Air France-KLM and its competitors. Over the past decade, Air France-KLM's Return-on-Tangible-Equity has ranged from 51.01 to 61.49. According to the industry distribution chart, Air France-KLM ranks #1 out of 975 companies in the Transportation industry, placing it in the top 0.099999999999994%.
Is Air France-KLM's Return-on-Tangible-Equity too high?
Air France-KLM's current Return-on-Tangible-Equity is 0.00%. Over the past 10 years, this metric has ranged from a low of 51.01 to a high of 61.49. Based on the distribution chart, Air France-KLM ranks #1 out of 975 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Air France-KLM has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's Return-on-Tangible-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Air France-KLM ranks #1 out of 975 companies for Return-on-Tangible-Equity. This places Air France-KLM in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.00. Historically, Air France-KLM's own Return-on-Tangible-Equity has ranged from 51.01 to 61.49 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.00, based on 975 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 France-KLM and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air France-KLM's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (CHIX:AFP) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.63, compared to a current price of €12.32 — trading 27.9% above its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Air France-KLM's overall GF Score™ is 68/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Air France-KLM (CHIX:AFP), the current Return-on-Tangible-Equity is 0.00% 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 Air France-KLM (CHIX:AFP) Overvalued in 2026?
Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued.
The current stock price of €12.32 is trading 27.9% above its estimated GF Value™ of €9.63.
GuruFocus considers Air France-KLM to be Modestly Overvalued.
Key valuation signals for CHIX:AFP:
Return-on-Tangible-Equity: 0.00%
GF Value™: €9.63 vs. price of €12.32 (27.9% above fair value)
No single metric tells the full story. See the CHIX:AFP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
68GF Score
Get the complete analysis for CHIX:AFP
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