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Telemasters HoldingsJSE:TLM 66 Return-on-Tangible-Asset is 2.51% as of Dec. 2025, which is 14% above its 10-year median of 2.21. GuruFocus rates JSE:TLM with a GF Score™ of 66/100 and a GF Value™ of R1.10 (Fairly Valued). The stock has 3 warning signs investors should review. Among 365 Telecommunication Services companies, Telemasters Holdings ranks worse than 57.26% 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. Telemasters Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was R0.77 Mil. Telemasters Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was R30.61 Mil. Therefore, Telemasters Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.51%.
The historical rank and industry rank for Telemasters Holdings's Return-on-Tangible-Asset or its related term are showing as below:
JSE:TLM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.5 Med: 2.21 Max: 6.53
Current: 2.33
During the past 13 years, Telemasters Holdings's highest Return-on-Tangible-Asset was 6.53%. The lowest was -9.50%. And the median was 2.21%.
JSE:TLM's Return-on-Tangible-Asset is ranked worse than 57.26% of 365
companies
in the Telecommunication Services industry
Industry Median: 3.43
vs JSE:TLM: 2.33
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.
Telemasters Holdings Return-on-Tangible-Asset Related Terms
Telemasters Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Telemasters Holdings'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.
JSE:TLM vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Telemasters Holdings'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.
Telemasters Holdings Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telemasters Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Telemasters Holdings'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 2.51% mean?
Telemasters Holdings (JSE:TLM) has a Return-on-Tangible-Asset of 2.51% 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 Telemasters Holdings and its competitors. This is 14% above median its historical median of 2.21. According to the industry distribution chart, Telemasters Holdings ranks #209 out of 365 companies in the Telecommunication Services industry, placing it in the top 57.3%.
Is Telemasters Holdings' Return-on-Tangible-Asset too high?
Telemasters Holdings' current Return-on-Tangible-Asset of 2.51% is 14% above median its 10-year median of 2.21. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.43. Telemasters Holdings' value of 2.51% is 26.8% below this industry median. Based on the distribution chart, Telemasters Holdings ranks #209 out of 365 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Telemasters Holdings has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telemasters Holdings' Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telemasters Holdings ranks #209 out of 365 companies for Return-on-Tangible-Asset. This places Telemasters Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.43. Telemasters Holdings' value of 2.51% is 26.8% below this benchmark. While the company's 10-year median is 2.21 vs. the industry median of 3.43, Telemasters Holdings has consistently been below 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 365 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. Telemasters Holdings's current Return-on-Tangible-Asset of 2.51% is 26.8% below 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 Telemasters Holdings 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. Telemasters Holdings's current Return-on-Tangible-Asset is 2.51%, which is 14% above median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telemasters Holdings stock overvalued right now?
Based on GuruFocus' analysis, Telemasters Holdings (JSE:TLM) is currently considered Fairly Valued. The stock's GF Value™ is R1.10, compared to a current price of R1.15 — trading 4.5% above its estimated fair value. The current Return-on-Tangible-Asset is 2.51%, which is 14% above median its 10-year median of 2.21 and 26.8% below the Telecommunication Services industry median of 3.43. Telemasters Holdings' overall GF Score™ is 66/100 with 3 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 Telemasters Holdings (JSE:TLM), the current Return-on-Tangible-Asset is 2.51% 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 Telemasters Holdings (JSE:TLM) Overvalued in 2026?
Based on GuruFocus' analysis, Telemasters Holdings stock appears to be overvalued.
The current stock price of R1.15 is trading 4.5% above its estimated GF Value™ of R1.10.
GuruFocus considers Telemasters Holdings to be Fairly Valued.
Key valuation signals for JSE:TLM:
Return-on-Tangible-Asset: 2.51% (14% above median its 10-year median of 2.21)
GF Value™: R1.10 vs. price of R1.15 (4.5% above fair value)
Industry Position: 26.8% below the Telecommunication Services median (#209 of 365)
No single metric tells the full story. See the JSE:TLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telemasters Holdings Ltd is a diversified technology investment company. It provides comprehensive telecommunications services including internet connectivity, cloud solutions, and data storage tailored for businesses across South Africa. The company's reporting segments are: ICT Managed Solutions, Data Centre Services and Corporate. It generates the majority of revenue from the ICT Managed Solutions segment, which provides i) ICT managed solutions to medium and small enterprises through a comprehensive suite of products and services focused on digital connectivity and ii) Data Centre Services.
66GF Score
Get the complete analysis for JSE:TLM
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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