Finnair OyjFNNNF +17.32%68 Return-on-Tangible-Equity is -4.69% as of Mar. 2026. GuruFocus rates FNNNF with a GF Score™ of 68/100 and a GF Value™ of $3.28 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 974 Transportation companies, Finnair Oyj ranks better than 50.92% 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. Finnair Oyj's annualized net income for the quarter that ended in Mar. 2026 was $-43 Mil. Finnair Oyj's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $906 Mil. Therefore, Finnair Oyj's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -4.69%.
The historical rank and industry rank for Finnair Oyj's Return-on-Tangible-Equity or its related term are showing as below:
FNNNF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -108.47 Med: 7.12 Max: 51.77
Current: 9.18
During the past 13 years, Finnair Oyj's highest Return-on-Tangible-Equity was 51.77%. The lowest was -108.47%. And the median was 7.12%.
FNNNF's Return-on-Tangible-Equity is ranked better than 50.92% of 974
companies
in the Transportation industry
Industry Median: 8.985
vs FNNNF: 9.18
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.
Finnair Oyj Return-on-Tangible-Equity Related Terms
Finnair Oyj Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Finnair Oyj'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.
FNNNF vs DAL, UAL, LUV: Return-on-Tangible-Equity Comparison
For the Airlines subindustry, Finnair Oyj'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.
Finnair Oyj Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Finnair Oyj's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Finnair Oyj'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 -4.69% mean?
Finnair Oyj (FNNNF) has a Return-on-Tangible-Equity of -4.69% 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 Finnair Oyj and its competitors. According to the industry distribution chart, Finnair Oyj ranks #478 out of 974 companies in the Transportation industry, placing it in the top 49.1%.
Is Finnair Oyj's Return-on-Tangible-Equity too high?
Finnair Oyj's current Return-on-Tangible-Equity is -4.69%. Based on the distribution chart, Finnair Oyj ranks #478 out of 974 companies in the Transportation industry, which is above the industry midpoint. Overall, Finnair Oyj has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Finnair Oyj's Return-on-Tangible-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Finnair Oyj ranks #478 out of 974 companies for Return-on-Tangible-Equity. This puts Finnair Oyj in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.99. 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 8.99, based on 974 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 Finnair Oyj and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finnair Oyj's current Return-on-Tangible-Equity is -4.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finnair Oyj stock overvalued right now?
Based on GuruFocus' analysis, Finnair Oyj (FNNNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.28, compared to a current price of $5.73 — trading 74.5% above its estimated fair value. The current Return-on-Tangible-Equity is -4.69%. Finnair Oyj'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 Finnair Oyj (FNNNF), the current Return-on-Tangible-Equity is -4.69% 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 Finnair Oyj (FNNNF) Overvalued in 2026?
Based on GuruFocus' analysis, Finnair Oyj stock appears to be overvalued.
The current stock price of $5.73 is trading 74.5% above its estimated GF Value™ of $3.28.
GuruFocus considers Finnair Oyj to be Significantly Overvalued.
Key valuation signals for FNNNF:
Return-on-Tangible-Equity: -4.69%
GF Value™: $3.28 vs. price of $5.73 (74.5% above fair value)
No single metric tells the full story. See the FNNNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. The company is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. It operates in only one segment which is Airline Business. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, support services include catering services, Aircraft maintenance, ground handling, and Airline training.
68GF Score
Get the complete analysis for FNNNF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FNNNF has been successfully added to your 
