ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Lucid Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $-4,113 Mil.
Lucid Group's average Total Assets over the quarter that ended in Mar. 2026 was $7,935 Mil. Therefore, Lucid Group's annualized ROA % for the quarter that ended in Mar. 2026 was -51.84%.
The historical rank and industry rank for Lucid Group's ROA % or its related term are showing as below:
LCID'
s ROA % Range Over the Past 10 Years
Min: -55.57 Med: -32.22 Max: -16.55
Current: -39.27
During the past 7 years, Lucid Group's highest ROA % was -16.55%. The lowest was -55.57%. And the median was -32.22%.
LCID's ROA % is ranked worse than 97.38% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 2.95
vs LCID: -39.27
Lucid Group (NAS:LCID) 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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Lucid Group ROA % Related Terms
Lucid Group ROA % Historical Data
* Premium members only.
The historical data trend for Lucid 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 Auto Manufacturers subindustry, Lucid 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.
Lucid Group ROA % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Lucid Group's ROA % distribution charts can be found below:
* The bar in red indicates where Lucid 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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Lucid Group (LCID) has a ROA % of -51.84% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Lucid Group and its competitors. According to the industry distribution chart, Lucid Group ranks #1301 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 97.4%.
Is Lucid Group's ROA % too high?
Lucid Group's current ROA % is -51.84%. Based on the distribution chart, Lucid Group ranks #1301 out of 1336 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Lucid Group has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lucid Group's ROA % compare to PSNY and CYD?
According to the Vehicles & Parts industry distribution chart, Lucid Group ranks #1301 out of 1336 companies for ROA %. This places Lucid Group in the lower half of its industry. The industry median ROA % is 2.95. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Vehicles & Parts company?
The median ROA % among Vehicles & Parts companies is 2.95, based on 1,336 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. 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 Lucid Group and its competitors. For the Vehicles & Parts industry, the median ROA % is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lucid Group's current ROA % is -51.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucid Group stock overvalued right now?
Based on GuruFocus' analysis, Lucid Group (LCID) is currently considered Possible Value Trap. The stock's GF Value™ is $43.42, compared to a current price of $5.16 — trading 88.1% below its estimated fair value. The current ROA % is -51.84%. Lucid Group's overall GF Score™ is 58/100 with 7 warning signs 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 Lucid Group (LCID), the current ROA % is -51.84% 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 Lucid Group (LCID) Overvalued in 2026?
Based on GuruFocus' analysis, Lucid Group stock appears to be undervalued.
The current stock price of $5.16 is trading 88.1% below its estimated GF Value™ of $43.42.
GuruFocus considers Lucid Group to be Possible Value Trap.
Key valuation signals for LCID:
ROA %: -51.84%
GF Value™: $43.42 vs. price of $5.16 (88.1% below fair value)
No single metric tells the full story. See the LCID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It offers its own geographically distributed retail and service locations through direct-to-consumer online and retail sales. It also boasts a product roadmap of future vehicle programs and technologies. It focuses on in-house hardware and software innovation, vertical integration, and a clean-sheet approach to engineering and design, which led to the development of the Lucid Air. The Lucid Air is a luxury sedan that redefines both the luxury car segment and the EV space. Its geographic segments include North America, the Middle East, and Other International.
58GF Score
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