Coda Octopus GroupCODA +0.96%89 ROA % is 10.22% as of Apr. 2026, which is 3% below its 10-year median of 10.58. GuruFocus rates CODA with a GF Score™ of 89/100 and a GF Value™ of $10.11 (Fairly Valued). The stock has 1 warning sign investors should review. Among 356 Aerospace & Defense companies, Coda Octopus Group ranks better than 80.34% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Coda Octopus Group's annualizedNet Income for the quarter that ended in Apr. 2026 was $6.79 Mil.
Coda Octopus Group's average Total Assets over the quarter that ended in Apr. 2026 was $66.48 Mil. Therefore, Coda Octopus Group's annualized ROA % for the quarter that ended in Apr. 2026 was 10.22%.
The historical rank and industry rank for Coda Octopus Group's ROA % or its related term are showing as below:
CODA'
s ROA % Range Over the Past 10 Years
Min: 6.33 Med: 10.58 Max: 22.05
Current: 7.72
During the past 13 years, Coda Octopus Group's highest ROA % was 22.05%. The lowest was 6.33%. And the median was 10.58%.
CODA's ROA % is ranked better than 80.34% of 356
companies
in the Aerospace & Defense industry
Industry Median: 2.5
vs CODA: 7.72
Coda Octopus Group (NAS:CODA) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Coda Octopus Group ROA % Related Terms
Coda Octopus Group ROA % Historical Data
* Premium members only.
The historical data trend for Coda Octopus Group's ROA % 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.
For the Aerospace & Defense subindustry, Coda Octopus Group's ROA %, along with its competitors' market caps and ROA % 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.
Coda Octopus Group ROA % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's ROA % distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Apr. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Coda Octopus Group (CODA) has a ROA % of 10.22% as of Apr. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Coda Octopus Group and its competitors. This is near median its historical median of 10.58. Over the past decade, Coda Octopus Group's ROA % has ranged from 6.33 to 22.05. According to the industry distribution chart, Coda Octopus Group ranks #70 out of 356 companies in the Aerospace & Defense industry, placing it in the top 19.7%.
Is Coda Octopus Group's ROA % too high?
Coda Octopus Group's current ROA % of 10.22% is near median its 10-year median of 10.58. Over the past 10 years, this metric has ranged from a low of 6.33 to a high of 22.05. The Aerospace & Defense industry median ROA % is 2.50. Coda Octopus Group's value of 10.22% is 308.8% above this industry median. Based on the distribution chart, Coda Octopus Group ranks #70 out of 356 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Coda Octopus Group has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coda Octopus Group's ROA % compare to BYRN and SPAI?
According to the Aerospace & Defense industry distribution chart, Coda Octopus Group ranks #70 out of 356 companies for ROA %. This places Coda Octopus Group in the top 20% of its industry — outperforming the majority of peers. The industry median ROA % is 2.50. Coda Octopus Group's value of 10.22% is 308.8% above this benchmark. Historically, Coda Octopus Group's own ROA % has ranged from 6.33 to 22.05 over the past decade. While the company's 10-year median is 10.58 vs. the industry median of 2.50, Coda Octopus Group 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 ROA % for an Aerospace & Defense company?
The median ROA % among Aerospace & Defense companies is 2.50, based on 356 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Coda Octopus Group's current ROA % of 10.22% is 308.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Coda Octopus Group and its competitors. For the Aerospace & Defense industry, the median ROA % is 2.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coda Octopus Group's current ROA % is 10.22%, which is near median its own 10-year median of 10.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coda Octopus Group stock overvalued right now?
Based on GuruFocus' analysis, Coda Octopus Group (CODA) is currently considered Fairly Valued. The stock's GF Value™ is $10.11, compared to a current price of $9.49 — trading 6.1% below its estimated fair value. The current ROA % is 10.22%, which is near median its 10-year median of 10.58 and 308.8% above the Aerospace & Defense industry median of 2.50. Coda Octopus Group's overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Coda Octopus Group (CODA), the current ROA % is 10.22% as of Apr. 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 Coda Octopus Group (CODA) Overvalued in 2026?
Based on GuruFocus' analysis, Coda Octopus Group stock appears to be undervalued.
The current stock price of $9.49 is trading 6.1% below its estimated GF Value™ of $10.11.
GuruFocus considers Coda Octopus Group to be Fairly Valued.
Key valuation signals for CODA:
ROA %: 10.22% (near median its 10-year median of 10.58)
GF Value™: $10.11 vs. price of $9.49 (6.1% below fair value)
Industry Position: 308.8% above the Aerospace & Defense median (#70 of 356)
No single metric tells the full story. See the CODA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. The company operates in three distinct business segments: the Marine Technology business, Acoustic Sensors and Material Business and the Defense Engineering Services Business. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Products segment.
89GF Score
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