AIR GlobalFRA:J1B +1.98%21 ROE % is 24.66% as of Dec. 2025, which is 5% below its 10-year median of 25.88. GuruFocus rates FRA:J1B with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 45 Tobacco Products companies, AIR Global ranks better than 60% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. AIR Global's annualized net income for the quarter that ended in Dec. 2025 was €40.0 Mil. AIR Global's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €162.1 Mil. Therefore, AIR Global's annualized ROE % for the quarter that ended in Dec. 2025 was 24.66%.
The historical rank and industry rank for AIR Global's ROE % or its related term are showing as below:
FRA:J1B'
s ROE % Range Over the Past 10 Years
Min: 25.26 Med: 25.88 Max: 45.6
Current: 25.88
During the past 3 years, AIR Global's highest ROE % was 45.60%. The lowest was 25.26%. And the median was 25.88%.
FRA:J1B's ROE % is ranked better than 60% of 45
companies
in the Tobacco Products industry
Industry Median: 16.13
vs FRA:J1B: 25.88
AIR Global (FRA:J1B) 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 one times the annual (Dec. 2025) net income data. The Revenue data used here is one times the annual (Dec. 2025) 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.
AIR Global ROE % Related Terms
AIR Global ROE % Historical Data
* Premium members only.
The historical data trend for AIR Global'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.
AIR Global ROE % Chart
AIR Global Annual Data
Trend
Dec23
Dec24
Dec25
ROE %
45.60
25.71
24.66
AIR Global Semi-Annual Data
Dec23
Dec24
Dec25
ROE %
45.60
25.71
24.66
FRA:J1B vs UVV, TPB, ISPR: ROE % Comparison
For the Tobacco subindustry, AIR Global'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.
AIR Global ROE % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, AIR Global's ROE % distribution charts can be found below:
* The bar in red indicates where AIR Global'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 one times the annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
AIR Global (FRA:J1B) has a ROE % of 24.66% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on AIR Global and its competitors. This is near median its historical median of 25.88. Over the past decade, AIR Global's ROE % has ranged from 25.26 to 45.60. According to the industry distribution chart, AIR Global ranks #18 out of 45 companies in the Tobacco Products industry, placing it in the top 40%.
Is AIR Global's ROE % too high?
AIR Global's current ROE % of 24.66% is near median its 10-year median of 25.88. Over the past 10 years, this metric has ranged from a low of 25.26 to a high of 45.60. The Tobacco Products industry median ROE % is 16.13. AIR Global's value of 24.66% is 52.9% above this industry median. Based on the distribution chart, AIR Global ranks #18 out of 45 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, AIR Global has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does AIR Global's ROE % compare to UVV and TPB?
According to the Tobacco Products industry distribution chart, AIR Global ranks #18 out of 45 companies for ROE %. This puts AIR Global in the upper half of its industry. The industry median ROE % is 16.13. AIR Global's value of 24.66% is 52.9% above this benchmark. Historically, AIR Global's own ROE % has ranged from 25.26 to 45.60 over the past decade. While the company's 10-year median is 25.88 vs. the industry median of 16.13, AIR Global 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 ROE % for a Tobacco Products company?
The median ROE % among Tobacco Products companies is 16.13, based on 45 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. AIR Global's current ROE % of 24.66% is 52.9% 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 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 AIR Global and its competitors. For the Tobacco Products industry, the median ROE % is 16.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIR Global's current ROE % is 24.66%, which is near median its own 10-year median of 25.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIR Global stock overvalued right now?
AIR Global (FRA:J1B) has a current ROE % of 24.66%. The current ROE % is 24.66%, which is near median its 10-year median of 25.88 and 52.9% above the Tobacco Products industry median of 16.13. AIR Global's overall GF Score™ is 21/100 with 2 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 AIR Global (FRA:J1B), the current ROE % is 24.66% as of Dec. 2025. 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.
AIR Global PLC operates in the social inhalation products sector and has operations across multiple international markets. Its portfolio includes businesses and products related to shisha and hookah, including flavored shisha molasses, hookah and shisha e-commerce platforms, and charcoal-free shisha devices. The company also conducts product research and testing in partnership with independent laboratories to support the development of inhalation-related products and technologies.
21GF Score
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