Japan Airlines CoJAPSY +4.93%82 Return-on-Tangible-Equity is 8.24% as of Mar. 2026, which is 34% below its 10-year median of 12.43. GuruFocus rates JAPSY with a GF Score™ of 82/100 and a GF Value™ of $9.94 (Fairly Valued). The stock has 3 warning signs investors should review. Among 974 Transportation companies, Japan Airlines Co ranks better than 63.96% 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. Japan Airlines Co's annualized net income for the quarter that ended in Mar. 2026 was $602 Mil. Japan Airlines Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $7,296 Mil. Therefore, Japan Airlines Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.24%.
The historical rank and industry rank for Japan Airlines Co's Return-on-Tangible-Equity or its related term are showing as below:
JAPSY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -32.28 Med: 12.43 Max: 20.04
Current: 12.88
During the past 13 years, Japan Airlines Co's highest Return-on-Tangible-Equity was 20.04%. The lowest was -32.28%. And the median was 12.43%.
JAPSY's Return-on-Tangible-Equity is ranked better than 63.96% of 974
companies
in the Transportation industry
Industry Median: 8.985
vs JAPSY: 12.88
Japan Airlines Co (OTCPK:JAPSY) 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.
Japan Airlines Co Return-on-Tangible-Equity Related Terms
Japan Airlines Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Japan Airlines Co'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.
JAPSY vs DAL, UAL, LUV: Return-on-Tangible-Equity Comparison
For the Airlines subindustry, Japan Airlines Co'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.
Japan Airlines Co Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Japan Airlines Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Japan Airlines Co'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 8.24% mean?
Japan Airlines Co (JAPSY) has a Return-on-Tangible-Equity of 8.24% 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 Japan Airlines Co and its competitors. This is 34% below median its historical median of 12.43. According to the industry distribution chart, Japan Airlines Co ranks #351 out of 974 companies in the Transportation industry, placing it in the top 36%.
Is Japan Airlines Co's Return-on-Tangible-Equity too high?
Japan Airlines Co's current Return-on-Tangible-Equity of 8.24% is 34% below median its 10-year median of 12.43. The Transportation industry median Return-on-Tangible-Equity is 8.99. Japan Airlines Co's value of 8.24% is 8.3% below this industry median. Based on the distribution chart, Japan Airlines Co ranks #351 out of 974 companies in the Transportation industry, which is above the industry midpoint. Overall, Japan Airlines Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Airlines Co's Return-on-Tangible-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Japan Airlines Co ranks #351 out of 974 companies for Return-on-Tangible-Equity. This puts Japan Airlines Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.99. Japan Airlines Co's value of 8.24% is 8.3% below this benchmark. While the company's 10-year median is 12.43 vs. the industry median of 8.99, Japan Airlines Co has consistently been below 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 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. Japan Airlines Co's current Return-on-Tangible-Equity of 8.24% is 8.3% below 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 Japan Airlines Co 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. Japan Airlines Co's current Return-on-Tangible-Equity is 8.24%, which is 34% below median its own 10-year median of 12.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Airlines Co (JAPSY) is currently considered Fairly Valued. The stock's GF Value™ is $9.94, compared to a current price of $9.36 — trading 5.8% below its estimated fair value. The current Return-on-Tangible-Equity is 8.24%, which is 34% below median its 10-year median of 12.43 and 8.3% below the Transportation industry median of 8.99. Japan Airlines Co's overall GF Score™ is 82/100 with 3 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 Japan Airlines Co (JAPSY), the current Return-on-Tangible-Equity is 8.24% 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 Japan Airlines Co (JAPSY) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Airlines Co stock appears to be undervalued.
The current stock price of $9.36 is trading 5.8% below its estimated GF Value™ of $9.94.
GuruFocus considers Japan Airlines Co to be Fairly Valued.
Key valuation signals for JAPSY:
Return-on-Tangible-Equity: 8.24% (34% below median its 10-year median of 12.43)
GF Value™: $9.94 vs. price of $9.36 (5.8% below fair value)
Industry Position: 8.3% below the Transportation median (#351 of 974)
No single metric tells the full story. See the JAPSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Airlines Co Ltd is an international air transport services company. It offers scheduled and non-scheduled air transport services and aerial work services. The company operates large aircraft, medium-sized aircraft, small aircraft, and regional jets. The company is also engaged in the travel planning and sales business, which covers travel planning and sales, baggage delivery, system development and operation, ticketing systems for the travel industry, and credit card services related to air travel.
82GF Score
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