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TPG TelecomASX:TPG -0.83%62 Return-on-Tangible-Asset is 10.37% as of Dec. 2025, which is 29% above its 10-year median of 8.01. GuruFocus rates ASX:TPG with a GF Score™ of 62/100 and a GF Value™ of A$4.52 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 366 Telecommunication Services companies, TPG Telecom ranks better than 63.93% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. TPG Telecom's annualizedNet Income for the quarter that ended in Dec. 2025 was A$800 Mil. TPG Telecom's average total tangible assets for the quarter that ended in Dec. 2025 was A$7,712 Mil. Therefore, TPG Telecom's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 10.37%.
The historical rank and industry rank for TPG Telecom's Return-on-Tangible-Asset or its related term are showing as below:
ASX:TPG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.46 Med: 8.01 Max: 52.82
Current: 6.12
During the past 13 years, TPG Telecom's highest Return-on-Tangible-Asset was 52.82%. The lowest was -1.46%. And the median was 8.01%.
ASX:TPG's Return-on-Tangible-Asset is ranked better than 63.93% of 366
companies
in the Telecommunication Services industry
Industry Median: 3.43
vs ASX:TPG: 6.12
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
TPG Telecom Return-on-Tangible-Asset Related Terms
TPG Telecom Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TPG Telecom's Return-on-Tangible-Asset 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.
ASX:TPG vs VZ, TMUS, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, TPG Telecom's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
TPG Telecom Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, TPG Telecom's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TPG Telecom's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 10.37% mean?
TPG Telecom (ASX:TPG) has a Return-on-Tangible-Asset of 10.37% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TPG Telecom and its competitors. This is 29% above median its historical median of 8.01. According to the industry distribution chart, TPG Telecom ranks #132 out of 366 companies in the Telecommunication Services industry, placing it in the top 36.1%.
Is TPG Telecom's Return-on-Tangible-Asset too high?
TPG Telecom's current Return-on-Tangible-Asset of 10.37% is 29% above median its 10-year median of 8.01. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.43. TPG Telecom's value of 10.37% is 202.3% above this industry median. Based on the distribution chart, TPG Telecom ranks #132 out of 366 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, TPG Telecom has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPG Telecom's Return-on-Tangible-Asset compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, TPG Telecom ranks #132 out of 366 companies for Return-on-Tangible-Asset. This puts TPG Telecom in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.43. TPG Telecom's value of 10.37% is 202.3% above this benchmark. While the company's 10-year median is 8.01 vs. the industry median of 3.43, TPG Telecom 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 Return-on-Tangible-Asset for a Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.43, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TPG Telecom's current Return-on-Tangible-Asset of 10.37% is 202.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TPG Telecom and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPG Telecom's current Return-on-Tangible-Asset is 10.37%, which is 29% above median its own 10-year median of 8.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPG Telecom stock overvalued right now?
Based on GuruFocus' analysis, TPG Telecom (ASX:TPG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$4.52, compared to a current price of A$3.58 — trading 20.8% below its estimated fair value. The current Return-on-Tangible-Asset is 10.37%, which is 29% above median its 10-year median of 8.01 and 202.3% above the Telecommunication Services industry median of 3.43. TPG Telecom's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For TPG Telecom (ASX:TPG), the current Return-on-Tangible-Asset is 10.37% 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.
Is TPG Telecom (ASX:TPG) Overvalued in 2026?
Based on GuruFocus' analysis, TPG Telecom stock appears to be undervalued.
The current stock price of A$3.58 is trading 20.8% below its estimated GF Value™ of A$4.52.
GuruFocus considers TPG Telecom to be Modestly Undervalued.
Key valuation signals for ASX:TPG:
Return-on-Tangible-Asset: 10.37% (29% above median its 10-year median of 8.01)
GF Value™: A$4.52 vs. price of A$3.58 (20.8% below fair value)
Industry Position: 202.3% above the Telecommunication Services median (#132 of 366)
No single metric tells the full story. See the ASX:TPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPG Telecom is Australia's third-largest telecom services company. It offers mobile, fixed-line broadband and telephony solutions. The group's mobile business caters to all market segments spanning consumer, small business, corporate, wholesale, and government. TPG Telecom has grown substantially since listing on the ASX in 2008, via organic growth and acquisitions, and culminated with the July 2020 Vodafone Hutchison Australia merger, the third-ranked mobile network operator in Australia. It owns an extensive stable of infrastructure assets, including a nationwide mobile network that is upgrading to 5G wireless. In July 2025, TPG sold its fiber assets for AUD 5.3 billion to Vocus.
62GF Score
Get the complete analysis for ASX:TPG
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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