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. Ryanair Holdings's annualized net income for the quarter that ended in Mar. 2026 was $-1,829 Mil. Ryanair Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $10,810 Mil. Therefore, Ryanair Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -16.92%.
The historical rank and industry rank for Ryanair Holdings's Return-on-Tangible-Equity or its related term are showing as below:
RYAAY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.9 Med: 23.29 Max: 33.2
Current: 26.15
During the past 13 years, Ryanair Holdings's highest Return-on-Tangible-Equity was 33.20%. The lowest was -21.90%. And the median was 23.29%.
RYAAY's Return-on-Tangible-Equity is ranked better than 84.75% of 977
companies
in the Transportation industry
Industry Median: 8.99
vs RYAAY: 26.15
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.
Ryanair Holdings Return-on-Tangible-Equity Related Terms
Ryanair Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ryanair Holdings'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.
RYAAY vs DAL, UAL, LUV: Return-on-Tangible-Equity Comparison
For the Airlines subindustry, Ryanair Holdings'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.
Ryanair Holdings Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Ryanair Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ryanair Holdings'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 -16.92% mean?
Ryanair Holdings (RYAAY) has a Return-on-Tangible-Equity of -16.92% 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 Ryanair Holdings and its competitors. According to the industry distribution chart, Ryanair Holdings ranks #149 out of 977 companies in the Transportation industry, placing it in the top 15.3%.
Is Ryanair Holdings' Return-on-Tangible-Equity too high?
Ryanair Holdings' current Return-on-Tangible-Equity is -16.92%. Based on the distribution chart, Ryanair Holdings ranks #149 out of 977 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Ryanair Holdings has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ryanair Holdings' Return-on-Tangible-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Ryanair Holdings ranks #149 out of 977 companies for Return-on-Tangible-Equity. This places Ryanair Holdings in the top 15% of its industry — outperforming the majority of peers. 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 977 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 Ryanair Holdings 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. Ryanair Holdings's current Return-on-Tangible-Equity is -16.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryanair Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ryanair Holdings (RYAAY) is currently considered Modestly Overvalued. The stock's GF Value™ is $60.64, compared to a current price of $67.06 — trading 10.6% above its estimated fair value. The current Return-on-Tangible-Equity is -16.92%. Ryanair Holdings' overall GF Score™ is 84/100 with 2 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 Ryanair Holdings (RYAAY), the current Return-on-Tangible-Equity is -16.92% 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 Ryanair Holdings (RYAAY) Overvalued in 2026?
Based on GuruFocus' analysis, Ryanair Holdings stock appears to be overvalued.
The current stock price of $67.06 is trading 10.6% above its estimated GF Value™ of $60.64.
GuruFocus considers Ryanair Holdings to be Modestly Overvalued.
Key valuation signals for RYAAY:
Return-on-Tangible-Equity: -16.92%
GF Value™: $60.64 vs. price of $67.06 (10.6% above fair value)
No single metric tells the full story. See the RYAAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ryanair is Europe's largest low-cost airline, known for its extensive network and highly efficient business model. Operating over 3,600 flights daily across 240-plus destinations in 40 countries, Ryanair has built its success on offering affordable air travel while maintaining tight control over costs. The airline primarily uses Boeing 737 aircraft, including the newer 737 8-200 "Gamechanger" variant, which simplifies operations and reduces expenses. Ryanair focuses on high passenger volume, ancillary revenue, and operational efficiency, ensuring its position as a leading airline in Europe.
84GF Score
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