Asia Air Survey CoTSE:9233 -0.18%78 ROA % is 18.25% as of Mar. 2026, which is 232% above its 10-year median of 5.50. GuruFocus rates TSE:9233 with a GF Score™ of 78/100 and a GF Value™ of 円1,160.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,777 Construction companies, Asia Air Survey Co ranks better than 54.19% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Asia Air Survey Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円8,906 Mil.
Asia Air Survey Co's average Total Assets over the quarter that ended in Mar. 2026 was 円48,807 Mil. Therefore, Asia Air Survey Co's annualized ROA % for the quarter that ended in Mar. 2026 was 18.25%.
The historical rank and industry rank for Asia Air Survey Co's ROA % or its related term are showing as below:
TSE:9233'
s ROA % Range Over the Past 10 Years
Min: 2.95 Med: 5.5 Max: 6.66
Current: 3.32
During the past 13 years, Asia Air Survey Co's highest ROA % was 6.66%. The lowest was 2.95%. And the median was 5.50%.
TSE:9233's ROA % is ranked better than 54.19% of 1777
companies
in the Construction industry
Industry Median: 2.79
vs TSE:9233: 3.32
Asia Air Survey Co (TSE:9233) 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.
Asia Air Survey Co ROA % Related Terms
Asia Air Survey Co ROA % Historical Data
* Premium members only.
The historical data trend for Asia Air Survey Co'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 Engineering & Construction subindustry, Asia Air Survey Co'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.
Asia Air Survey Co ROA % vs Construction Industry
For the Construction industry and Industrials sector, Asia Air Survey Co's ROA % distribution charts can be found below:
* The bar in red indicates where Asia Air Survey Co'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.
Asia Air Survey Co (TSE:9233) has a ROA % of 18.25% 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 Asia Air Survey Co and its competitors. This is 232% above median its historical median of 5.50. Over the past decade, Asia Air Survey Co's ROA % has ranged from 2.95 to 6.66. According to the industry distribution chart, Asia Air Survey Co ranks #814 out of 1777 companies in the Construction industry, placing it in the top 45.8%.
Is Asia Air Survey Co's ROA % too high?
Asia Air Survey Co's current ROA % of 18.25% is 232% above median its 10-year median of 5.50. Over the past 10 years, this metric has ranged from a low of 2.95 to a high of 6.66. The Construction industry median ROA % is 2.79. Asia Air Survey Co's value of 18.25% is 554.1% above this industry median. Based on the distribution chart, Asia Air Survey Co ranks #814 out of 1777 companies in the Construction industry, which is above the industry midpoint. Overall, Asia Air Survey Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Air Survey Co's ROA % compare to PWR and FIX?
According to the Construction industry distribution chart, Asia Air Survey Co ranks #814 out of 1777 companies for ROA %. This puts Asia Air Survey Co in the upper half of its industry. The industry median ROA % is 2.79. Asia Air Survey Co's value of 18.25% is 554.1% above this benchmark. Historically, Asia Air Survey Co's own ROA % has ranged from 2.95 to 6.66 over the past decade. While the company's 10-year median is 5.50 vs. the industry median of 2.79, 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 ROA % for a Construction company?
The median ROA % among Construction companies is 2.79, based on 1,777 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. Asia Air Survey Co's current ROA % of 18.25% is 554.1% 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 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 Asia Air Survey Co and its competitors. For the Construction industry, the median ROA % is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Air Survey Co's current ROA % is 18.25%, which is 232% above median its own 10-year median of 5.50. 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1,160.42, compared to a current price of 円1,136.00 — trading 2.1% below its estimated fair value. The current ROA % is 18.25%, which is 232% above median its 10-year median of 5.50 and 554.1% above the Construction industry median of 2.79. Asia Air Survey Co's overall GF Score™ is 78/100 with 3 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 Asia Air Survey Co (TSE:9233), the current ROA % is 18.25% 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1,136.00 is trading 2.1% below its estimated GF Value™ of 円1,160.42.
GuruFocus considers Asia Air Survey Co to be Fairly Valued.
Key valuation signals for TSE:9233:
ROA %: 18.25% (232% above median its 10-year median of 5.50)
GF Value™: 円1,160.42 vs. price of 円1,136.00 (2.1% below fair value)
Industry Position: 554.1% above the Construction median (#814 of 1777)
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.
78GF Score
Get the complete analysis for TSE:9233
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9233 has been successfully added to your 
