SATSSPASY 63 Return-on-Tangible-Equity is 19.04% as of Mar. 2026, which is 25% above its 10-year median of 15.18. GuruFocus rates SPASY with a GF Score™ of 63/100 and a GF Value™ of $31.92 (Fairly Valued). The stock has 9 warning signs investors should review. Among 983 Transportation companies, SATS ranks better than 94.2% 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. SATS's annualized net income for the quarter that ended in Mar. 2026 was $150 Mil. SATS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $788 Mil. Therefore, SATS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 19.04%.
The historical rank and industry rank for SATS's Return-on-Tangible-Equity or its related term are showing as below:
SPASY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.79 Med: 15.18 Max: 283.85
Current: 283.85
During the past 13 years, SATS's highest Return-on-Tangible-Equity was 283.85%. The lowest was -6.79%. And the median was 15.18%.
SPASY's Return-on-Tangible-Equity is ranked better than 94.2% of 983
companies
in the Transportation industry
Industry Median: 9.02
vs SPASY: 283.85
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.
SATS Return-on-Tangible-Equity Related Terms
SATS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SATS'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.
SPASY vs JOBY, CAAP: Return-on-Tangible-Equity Comparison
For the Airports & Air Services subindustry, SATS'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.
SATS Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, SATS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SATS'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 19.04% mean?
SATS (SPASY) has a Return-on-Tangible-Equity of 19.04% 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 SATS and its competitors. This is 25% above median its historical median of 15.18. According to the industry distribution chart, SATS ranks #57 out of 983 companies in the Transportation industry, placing it in the top 5.8%.
Is SATS's Return-on-Tangible-Equity too high?
SATS's current Return-on-Tangible-Equity of 19.04% is 25% above median its 10-year median of 15.18. The Transportation industry median Return-on-Tangible-Equity is 9.02. SATS's value of 19.04% is 111.1% above this industry median. Based on the distribution chart, SATS ranks #57 out of 983 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, SATS has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SATS's Return-on-Tangible-Equity compare to JOBY and CAAP?
According to the Transportation industry distribution chart, SATS ranks #57 out of 983 companies for Return-on-Tangible-Equity. This places SATS in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.02. SATS's value of 19.04% is 111.1% above this benchmark. While the company's 10-year median is 15.18 vs. the industry median of 9.02, SATS 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 a Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.02, based on 983 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. SATS's current Return-on-Tangible-Equity of 19.04% is 111.1% 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 SATS and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SATS's current Return-on-Tangible-Equity is 19.04%, which is 25% above median its own 10-year median of 15.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SATS stock overvalued right now?
Based on GuruFocus' analysis, SATS (SPASY) is currently considered Fairly Valued. The stock's GF Value™ is $31.92, compared to a current price of $34.04 — trading 6.6% above its estimated fair value. The current Return-on-Tangible-Equity is 19.04%, which is 25% above median its 10-year median of 15.18 and 111.1% above the Transportation industry median of 9.02. SATS's overall GF Score™ is 63/100 with 9 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 SATS (SPASY), the current Return-on-Tangible-Equity is 19.04% 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 SATS (SPASY) Overvalued in 2026?
Based on GuruFocus' analysis, SATS stock appears to be overvalued.
The current stock price of $34.04 is trading 6.6% above its estimated GF Value™ of $31.92.
GuruFocus considers SATS to be Fairly Valued.
Key valuation signals for SPASY:
Return-on-Tangible-Equity: 19.04% (25% above median its 10-year median of 15.18)
GF Value™: $31.92 vs. price of $34.04 (6.6% above fair value)
Industry Position: 111.1% above the Transportation median (#57 of 983)
No single metric tells the full story. See the SPASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SATS Ltd is a Singapore-based provider of ground-handling and in-flight catering services for air transportation in Asia and Australia. Additionally, it offers food distribution and logistics, industrial catering, and other amenities for hospitality and government agencies. The company has three reportable segments: food solutions (segment by revenue), gateway services, and others. The company has partnerships with multiple airlines to provide catering during flights and offers experience in planning airline menus, institutional catering, linen, and laundry to improve the airline's appearance. Gateway services cover the gamut of procedures airports must handle for each passenger. Baggage, ramp handling, passenger services, and terminal management are all offered to customers.
63GF Score
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