ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. AST SpaceMobile's annualized net income for the quarter that ended in Mar. 2026 was $-764.05 Mil. AST SpaceMobile's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $1,960.43 Mil. Therefore, AST SpaceMobile's annualized ROE % for the quarter that ended in Mar. 2026 was -38.97%.
The historical rank and industry rank for AST SpaceMobile's ROE % or its related term are showing as below:
ASTS'
s ROE % Range Over the Past 10 Years
Min: -103.82 Med: -30.26 Max: -21.34
Current: -36.93
During the past 6 years, AST SpaceMobile's highest ROE % was -21.34%. The lowest was -103.82%. And the median was -30.26%.
ASTS's ROE % is ranked worse than 92.41% of 2423
companies
in the Hardware industry
Industry Median: 4.61
vs ASTS: -36.93
AST SpaceMobile (NAS:ASTS) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
AST SpaceMobile ROE % Related Terms
AST SpaceMobile ROE % Historical Data
* Premium members only.
The historical data trend for AST SpaceMobile's ROE % 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 Communication Equipment subindustry, AST SpaceMobile's ROE %, along with its competitors' market caps and ROE % 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.
AST SpaceMobile ROE % vs Hardware Industry
For the Hardware industry and Technology sector, AST SpaceMobile's ROE % distribution charts can be found below:
* The bar in red indicates where AST SpaceMobile's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
AST SpaceMobile (ASTS) has a ROE % of -38.97% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AST SpaceMobile and its competitors. According to the industry distribution chart, AST SpaceMobile ranks #2239 out of 2423 companies in the Hardware industry, placing it in the top 92.4%.
Is AST SpaceMobile's ROE % too high?
AST SpaceMobile's current ROE % is -38.97%. Based on the distribution chart, AST SpaceMobile ranks #2239 out of 2423 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, AST SpaceMobile has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AST SpaceMobile's ROE % compare to UI and AAOI?
According to the Hardware industry distribution chart, AST SpaceMobile ranks #2239 out of 2423 companies for ROE %. This places AST SpaceMobile in the lower half of its industry. The industry median ROE % is 4.61. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Hardware company?
The median ROE % among Hardware companies is 4.61, based on 2,423 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AST SpaceMobile and its competitors. For the Hardware industry, the median ROE % is 4.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AST SpaceMobile's current ROE % is -38.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AST SpaceMobile stock overvalued right now?
Based on GuruFocus' analysis, AST SpaceMobile (ASTS) is currently considered Possible Value Trap. The stock's GF Value™ is $458.81, compared to a current price of $71.45 — trading 84.4% below its estimated fair value. The current ROE % is -38.97%. AST SpaceMobile's overall GF Score™ is 46/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For AST SpaceMobile (ASTS), the current ROE % is -38.97% 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 AST SpaceMobile (ASTS) Overvalued in 2026?
Based on GuruFocus' analysis, AST SpaceMobile stock appears to be undervalued.
The current stock price of $71.45 is trading 84.4% below its estimated GF Value™ of $458.81.
GuruFocus considers AST SpaceMobile to be Possible Value Trap.
Key valuation signals for ASTS:
ROE %: -38.97%
GF Value™: $458.81 vs. price of $71.45 (84.4% below fair value)
No single metric tells the full story. See the ASTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AST SpaceMobile Inc is currently designing, developing and manufacturing the constellation of BlueBird (BB) satellites and has begun launching its planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.
46GF Score
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