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Rogers CommunicationsFRA:RCIB +1.50%82 Return-on-Tangible-Asset is 4.31% as of Mar. 2026, which is 30% below its 10-year median of 6.20. GuruFocus rates FRA:RCIB with a GF Score™ of 82/100 and a GF Value™ of €35.04 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 364 Telecommunication Services companies, Rogers Communications ranks better than 94.51% 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. Rogers Communications's annualizedNet Income for the quarter that ended in Mar. 2026 was €1,105 Mil. Rogers Communications's average total tangible assets for the quarter that ended in Mar. 2026 was €25,649 Mil. Therefore, Rogers Communications's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.31%.
The historical rank and industry rank for Rogers Communications's Return-on-Tangible-Asset or its related term are showing as below:
FRA:RCIB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.28 Med: 6.2 Max: 17.6
Current: 17.2
During the past 13 years, Rogers Communications's highest Return-on-Tangible-Asset was 17.60%. The lowest was 2.28%. And the median was 6.20%.
FRA:RCIB's Return-on-Tangible-Asset is ranked better than 94.51% of 364
companies
in the Telecommunication Services industry
Industry Median: 3.47
vs FRA:RCIB: 17.20
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.
Rogers Communications Return-on-Tangible-Asset Related Terms
Rogers Communications Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Rogers Communications'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.
FRA:RCIB vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Rogers Communications'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.
Rogers Communications Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Rogers Communications's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rogers Communications'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.31% mean?
Rogers Communications (FRA:RCIB) has a Return-on-Tangible-Asset of 4.31% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Rogers Communications and its competitors. This is 30% below median its historical median of 6.20. Over the past decade, Rogers Communications' Return-on-Tangible-Asset has ranged from 2.28 to 17.60. According to the industry distribution chart, Rogers Communications ranks #20 out of 364 companies in the Telecommunication Services industry, placing it in the top 5.5%.
Is Rogers Communications' Return-on-Tangible-Asset too high?
Rogers Communications' current Return-on-Tangible-Asset of 4.31% is 30% below median its 10-year median of 6.20. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 17.60. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.47. Rogers Communications' value of 4.31% is 24.2% above this industry median. Based on the distribution chart, Rogers Communications ranks #20 out of 364 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Rogers Communications has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rogers Communications' Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Rogers Communications ranks #20 out of 364 companies for Return-on-Tangible-Asset. This places Rogers Communications in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.47. Rogers Communications' value of 4.31% is 24.2% above this benchmark. Historically, Rogers Communications' own Return-on-Tangible-Asset has ranged from 2.28 to 17.60 over the past decade. While the company's 10-year median is 6.20 vs. the industry median of 3.47, Rogers Communications 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 3.47, based on 364 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. Rogers Communications's current Return-on-Tangible-Asset of 4.31% is 24.2% 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 Rogers Communications and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rogers Communications's current Return-on-Tangible-Asset is 4.31%, which is 30% below median its own 10-year median of 6.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rogers Communications stock overvalued right now?
Based on GuruFocus' analysis, Rogers Communications (FRA:RCIB) is currently considered Modestly Undervalued. The stock's GF Value™ is €35.04, compared to a current price of €29.17 — trading 16.8% below its estimated fair value. The current Return-on-Tangible-Asset is 4.31%, which is 30% below median its 10-year median of 6.20 and 24.2% above the Telecommunication Services industry median of 3.47. Rogers Communications' overall GF Score™ is 82/100 with 5 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 Rogers Communications (FRA:RCIB), the current Return-on-Tangible-Asset is 4.31% 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 Rogers Communications (FRA:RCIB) Overvalued in 2026?
Based on GuruFocus' analysis, Rogers Communications stock appears to be undervalued.
The current stock price of €29.17 is trading 16.8% below its estimated GF Value™ of €35.04.
GuruFocus considers Rogers Communications to be Modestly Undervalued.
Key valuation signals for FRA:RCIB:
Return-on-Tangible-Asset: 4.31% (30% below median its 10-year median of 6.20)
GF Value™: €35.04 vs. price of €29.17 (16.8% below fair value)
Industry Position: 24.2% above the Telecommunication Services median (#20 of 364)
No single metric tells the full story. See the FRA:RCIB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rogers Communications is the largest wireless service provider in Canada with more than 11 million subscribers, equating to one-third of the total Canadian market. Rogers' wireless business accounts for more than half of total revenue and has been growing at a higher rate than other segments. The cable segment, which provides about 38% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and major Toronto sports franchises, including the Blue Jays, Maple Leafs, Raptors, Toronto FC, and Argonauts.
82GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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