Go (MAL:GO) Return-on-Tangible-Asset: 5.16% (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MAL:GO Go PLC MAL:GO
81 GF Score
Price €2.52
GF Value €3.29
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Go Return-on-Tangible-Asset?

Go MAL:GO 81 Return-on-Tangible-Asset is 5.16% as of Dec. 2025, which is 4% above its 10-year median of 4.98. GuruFocus rates MAL:GO with a GF Score™ of 81/100 and a GF Value™ of €3.29 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 365 Telecommunication Services companies, Go ranks better than 63.84% 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. Go's annualized Net Income for the quarter that ended in Dec. 2025 was €17.7 Mil. Go's average total tangible assets for the quarter that ended in Dec. 2025 was €343.6 Mil. Therefore, Go's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 5.16%.

The historical rank and industry rank for Go's Return-on-Tangible-Asset or its related term are showing as below:

MAL:GO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.42   Med: 4.98   Max: 9.8
Current: 6.05

During the past 13 years, Go's highest Return-on-Tangible-Asset was 9.80%. The lowest was 3.42%. And the median was 4.98%.

MAL:GO's Return-on-Tangible-Asset is ranked better than
63.84% of 365 companies
in the Telecommunication Services industry
Industry Median: 3.43 vs MAL:GO: 6.05

Go  (MAL:GO) Return-on-Tangible-Asset Explanation

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 company’s 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 company’s 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.


Go Return-on-Tangible-Asset Related Terms


Go Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Go'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.

Go Return-on-Tangible-Asset Chart

Go Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.42 4.04 4.51 4.38 6.10

Go Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.42 5.24 3.49 6.93 5.16

MAL:GO vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison

For the Telecom Services subindustry, Go'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.


Go Return-on-Tangible-Asset vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Go's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Go's Return-on-Tangible-Asset falls into.


MAL:GO
81GF Score
Go PLC MAL:GO
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Go Return-on-Tangible-Asset Calculation

Go's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=20.142/( (312.222+348.449)/ 2 )
=20.142/330.3355
=6.10 %

Go's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=17.742/( (338.779+348.449)/ 2 )
=17.742/343.614
=5.16 %

* 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 5.16% mean?
Go (MAL:GO) has a Return-on-Tangible-Asset of 5.16% 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 Go and its competitors. This is near median its historical median of 4.98. Over the past decade, Go's Return-on-Tangible-Asset has ranged from 3.42 to 9.80. According to the industry distribution chart, Go ranks #132 out of 365 companies in the Telecommunication Services industry, placing it in the top 36.2%.
Is Go's Return-on-Tangible-Asset too high?
Go's current Return-on-Tangible-Asset of 5.16% is near median its 10-year median of 4.98. Over the past 10 years, this metric has ranged from a low of 3.42 to a high of 9.80. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.43. Go's value of 5.16% is 50.4% above this industry median. Based on the distribution chart, Go ranks #132 out of 365 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Go has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Go's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Go ranks #132 out of 365 companies for Return-on-Tangible-Asset. This puts Go in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.43. Go's value of 5.16% is 50.4% above this benchmark. Historically, Go's own Return-on-Tangible-Asset has ranged from 3.42 to 9.80 over the past decade. While the company's 10-year median is 4.98 vs. the industry median of 3.43, Go 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 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. Go's current Return-on-Tangible-Asset of 5.16% is 50.4% 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 Go 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. Go's current Return-on-Tangible-Asset is 5.16%, which is near median its own 10-year median of 4.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go stock overvalued right now?
Based on GuruFocus' analysis, Go (MAL:GO) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.29, compared to a current price of €2.52 — trading 23.4% below its estimated fair value. The current Return-on-Tangible-Asset is 5.16%, which is near median its 10-year median of 4.98 and 50.4% above the Telecommunication Services industry median of 3.43. Go's overall GF Score™ is 81/100 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 Go (MAL:GO), the current Return-on-Tangible-Asset is 5.16% 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 Go (MAL:GO) Overvalued in 2026?

Based on GuruFocus' analysis, Go stock appears to be undervalued. The current stock price of €2.52 is trading 23.4% below its estimated GF Value™ of €3.29. GuruFocus considers Go to be Modestly Undervalued.

Key valuation signals for MAL:GO:

  • Return-on-Tangible-Asset: 5.16% (near median its 10-year median of 4.98)
  • GF Value™: €3.29 vs. price of €2.52 (23.4% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 50.4% above the Telecommunication Services median (#132 of 365)

No single metric tells the full story. See the MAL:GO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Go Business Description

Address Triq Hal Tarxien, Zejtun, MLT, 3000
Go PLC is an integrated telecommunications group, offering an unparalleled range of services: fixed line telephony, mobile telephony, broadband internet services, and digital television. It also provides business-related services, such as data networking solutions, business IP services, cloud services, IPLCs, and managed and co-location facilities. Its operating segment includes Malta Telecommunications Services; Data Centre Services; and Cyprus Telecommunications Services. The company generates maximum revenue from the Malta Telecommunications Services segment.
81GF Score

Get the complete analysis for MAL:GO

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.52
Price
€3.29
GF Value