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Asia Air Survey CoTSE:9233 -1.33%77 Return-on-Tangible-Equity is 45.56% as of Mar. 2026, which is 325% above its 10-year median of 10.73. GuruFocus rates TSE:9233 with a GF Score™ of 77/100 and a GF Value™ of 円1,166.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,712 Construction companies, Asia Air Survey Co ranks worse than 52.57% 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. Asia Air Survey Co's annualized net income for the quarter that ended in Mar. 2026 was 円8,906 Mil. Asia Air Survey Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円19,548 Mil. Therefore, Asia Air Survey Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 45.56%.
The historical rank and industry rank for Asia Air Survey Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:9233'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.18 Med: 10.73 Max: 13.34
Current: 7.42
During the past 13 years, Asia Air Survey Co's highest Return-on-Tangible-Equity was 13.34%. The lowest was 6.18%. And the median was 10.73%.
TSE:9233's Return-on-Tangible-Equity is ranked worse than 52.57% of 1712
companies
in the Construction industry
Industry Median: 8.21
vs TSE:9233: 7.42
Asia Air Survey Co (TSE:9233) 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.
Asia Air Survey Co Return-on-Tangible-Equity Related Terms
Asia Air Survey Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Asia Air Survey 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.
Asia Air Survey Co Return-on-Tangible-Equity Chart
TSE:9233 vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Asia Air Survey 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.
Asia Air Survey Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Asia Air Survey Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Asia Air Survey 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 45.56% mean?
Asia Air Survey Co (TSE:9233) has a Return-on-Tangible-Equity of 45.56% 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 Asia Air Survey Co and its competitors. This is 325% above median its historical median of 10.73. Over the past decade, Asia Air Survey Co's Return-on-Tangible-Equity has ranged from 6.18 to 13.34. According to the industry distribution chart, Asia Air Survey Co ranks #900 out of 1712 companies in the Construction industry, placing it in the top 52.6%.
Is Asia Air Survey Co's Return-on-Tangible-Equity too high?
Asia Air Survey Co's current Return-on-Tangible-Equity of 45.56% is 325% above median its 10-year median of 10.73. Over the past 10 years, this metric has ranged from a low of 6.18 to a high of 13.34. The Construction industry median Return-on-Tangible-Equity is 8.21. Asia Air Survey Co's value of 45.56% is 454.9% above this industry median. Based on the distribution chart, Asia Air Survey Co ranks #900 out of 1712 companies in the Construction industry, which is below the industry midpoint. Overall, Asia Air Survey Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Air Survey Co's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Asia Air Survey Co ranks #900 out of 1712 companies for Return-on-Tangible-Equity. This places Asia Air Survey Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Asia Air Survey Co's value of 45.56% is 454.9% above this benchmark. Historically, Asia Air Survey Co's own Return-on-Tangible-Equity has ranged from 6.18 to 13.34 over the past decade. While the company's 10-year median is 10.73 vs. the industry median of 8.21, Asia Air Survey Co 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,712 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. Asia Air Survey Co's current Return-on-Tangible-Equity of 45.56% is 454.9% 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 Asia Air Survey Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Air Survey Co's current Return-on-Tangible-Equity is 45.56%, which is 325% above median its own 10-year median of 10.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Air Survey Co stock overvalued right now?
Based on GuruFocus' analysis, Asia Air Survey Co (TSE:9233) is currently considered Fairly Valued. The stock's GF Value™ is 円1,166.09, compared to a current price of 円1,110.00 — trading 4.8% below its estimated fair value. The current Return-on-Tangible-Equity is 45.56%, which is 325% above median its 10-year median of 10.73 and 454.9% above the Construction industry median of 8.21. Asia Air Survey Co's overall GF Score™ is 77/100 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 Asia Air Survey Co (TSE:9233), the current Return-on-Tangible-Equity is 45.56% 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 Asia Air Survey Co (TSE:9233) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Air Survey Co stock appears to be undervalued.
The current stock price of 円1,110.00 is trading 4.8% below its estimated GF Value™ of 円1,166.09.
GuruFocus considers Asia Air Survey Co to be Fairly Valued.
Key valuation signals for TSE:9233:
Return-on-Tangible-Equity: 45.56% (325% above median its 10-year median of 10.73)
GF Value™: 円1,166.09 vs. price of 円1,110.00 (4.8% below fair value)
Industry Position: 454.9% above the Construction median (#900 of 1712)
No single metric tells the full story. See the TSE:9233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Air Survey Co Ltd is a construction consulting company specializing in aerial surveying. The company includes a group of technical specialists with high-precision, specialized technology in businesses and fields such as surveying, disaster prevention, the environment and spatial information.
77GF Score
Get the complete analysis for TSE:9233
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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