NetLink NBN TrustNETLF +1.52%32 Return-on-Tangible-Asset is 2.64% as of Mar. 2026, which is 6% below its 10-year median of 2.80. GuruFocus rates NETLF with a GF Score™ of 32/100 and a GF Value™ of $0.68 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 371 Telecommunication Services companies, NetLink NBN Trust ranks worse than 55.26% 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. NetLink NBN Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $62.2 Mil. NetLink NBN Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $2,354.2 Mil. Therefore, NetLink NBN Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.64%.
The historical rank and industry rank for NetLink NBN Trust's Return-on-Tangible-Asset or its related term are showing as below:
NETLF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.48 Med: 2.8 Max: 3.43
Current: 2.76
During the past 11 years, NetLink NBN Trust's highest Return-on-Tangible-Asset was 3.43%. The lowest was 1.48%. And the median was 2.80%.
NETLF's Return-on-Tangible-Asset is ranked worse than 55.26% of 371
companies
in the Telecommunication Services industry
Industry Median: 3.43
vs NETLF: 2.76
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.
NetLink NBN Trust Return-on-Tangible-Asset Related Terms
NetLink NBN Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NetLink NBN Trust'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.
NETLF vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, NetLink NBN Trust'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.
NetLink NBN Trust Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, NetLink NBN Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NetLink NBN Trust'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.64% mean?
NetLink NBN Trust (NETLF) has a Return-on-Tangible-Asset of 2.64% 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 NetLink NBN Trust and its competitors. This is near median its historical median of 2.80. Over the past decade, NetLink NBN Trust's Return-on-Tangible-Asset has ranged from 1.48 to 3.43. According to the industry distribution chart, NetLink NBN Trust ranks #205 out of 371 companies in the Telecommunication Services industry, placing it in the top 55.3%.
Is NetLink NBN Trust's Return-on-Tangible-Asset too high?
NetLink NBN Trust's current Return-on-Tangible-Asset of 2.64% is near median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 3.43. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.43. NetLink NBN Trust's value of 2.64% is 23% below this industry median. Based on the distribution chart, NetLink NBN Trust ranks #205 out of 371 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, NetLink NBN Trust has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetLink NBN Trust's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, NetLink NBN Trust ranks #205 out of 371 companies for Return-on-Tangible-Asset. This places NetLink NBN Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.43. NetLink NBN Trust's value of 2.64% is 23% below this benchmark. Historically, NetLink NBN Trust's own Return-on-Tangible-Asset has ranged from 1.48 to 3.43 over the past decade. While the company's 10-year median is 2.80 vs. the industry median of 3.43, NetLink NBN Trust 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 371 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. NetLink NBN Trust's current Return-on-Tangible-Asset of 2.64% is 23% 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 NetLink NBN Trust 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. NetLink NBN Trust's current Return-on-Tangible-Asset is 2.64%, which is near median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetLink NBN Trust stock overvalued right now?
Based on GuruFocus' analysis, NetLink NBN Trust (NETLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.68, compared to a current price of $0.77 — trading 13.1% above its estimated fair value. The current Return-on-Tangible-Asset is 2.64%, which is near median its 10-year median of 2.80 and 23% below the Telecommunication Services industry median of 3.43. NetLink NBN Trust's overall GF Score™ is 32/100 with 9 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 NetLink NBN Trust (NETLF), the current Return-on-Tangible-Asset is 2.64% 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 NetLink NBN Trust (NETLF) Overvalued in 2026?
Based on GuruFocus' analysis, NetLink NBN Trust stock appears to be overvalued.
The current stock price of $0.77 is trading 13.1% above its estimated GF Value™ of $0.68.
GuruFocus considers NetLink NBN Trust to be Modestly Overvalued.
Key valuation signals for NETLF:
Return-on-Tangible-Asset: 2.64% (near median its 10-year median of 2.80)
GF Value™: $0.68 vs. price of $0.77 (13.1% above fair value)
Industry Position: 23% below the Telecommunication Services median (#205 of 371)
No single metric tells the full story. See the NETLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue. The company operates in Singapore, the USA, the UK, and the rest of the World.
32GF Score
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