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SoftBank GroupSFTBY -2.36%70 Return-on-Tangible-Asset is 14.99% as of Mar. 2026, which is 224% above its 10-year median of 4.62. GuruFocus rates SFTBY with a GF Score™ of 70/100 and a GF Value™ of $8.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 365 Telecommunication Services companies, SoftBank Group ranks better than 86.3% 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. SoftBank Group's annualizedNet Income for the quarter that ended in Mar. 2026 was $46,120 Mil. SoftBank Group's average total tangible assets for the quarter that ended in Mar. 2026 was $307,672 Mil. Therefore, SoftBank Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.99%.
The historical rank and industry rank for SoftBank Group's Return-on-Tangible-Asset or its related term are showing as below:
SFTBY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.33 Med: 4.62 Max: 14.25
Current: 11.85
During the past 13 years, SoftBank Group's highest Return-on-Tangible-Asset was 14.25%. The lowest was -4.33%. And the median was 4.62%.
SFTBY's Return-on-Tangible-Asset is ranked better than 86.3% of 365
companies
in the Telecommunication Services industry
Industry Median: 3.43
vs SFTBY: 11.85
SoftBank Group (OTCPK:SFTBY) 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 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.
SoftBank Group Return-on-Tangible-Asset Related Terms
SoftBank Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SoftBank Group'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.
SFTBY vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, SoftBank Group'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.
SoftBank Group Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, SoftBank Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SoftBank Group'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 14.99% mean?
SoftBank Group (SFTBY) has a Return-on-Tangible-Asset of 14.99% 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 SoftBank Group and its competitors. This is 224% above median its historical median of 4.62. According to the industry distribution chart, SoftBank Group ranks #50 out of 365 companies in the Telecommunication Services industry, placing it in the top 13.7%.
Is SoftBank Group's Return-on-Tangible-Asset too high?
SoftBank Group's current Return-on-Tangible-Asset of 14.99% is 224% above median its 10-year median of 4.62. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.43. SoftBank Group's value of 14.99% is 337% above this industry median. Based on the distribution chart, SoftBank Group ranks #50 out of 365 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, SoftBank Group has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SoftBank Group's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, SoftBank Group ranks #50 out of 365 companies for Return-on-Tangible-Asset. This places SoftBank Group in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.43. SoftBank Group's value of 14.99% is 337% above this benchmark. While the company's 10-year median is 4.62 vs. the industry median of 3.43, SoftBank Group 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. SoftBank Group's current Return-on-Tangible-Asset of 14.99% is 337% 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 SoftBank Group 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. SoftBank Group's current Return-on-Tangible-Asset is 14.99%, which is 224% above median its own 10-year median of 4.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SoftBank Group stock overvalued right now?
Based on GuruFocus' analysis, SoftBank Group (SFTBY) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.80, compared to a current price of $17.34 — trading 97% above its estimated fair value. The current Return-on-Tangible-Asset is 14.99%, which is 224% above median its 10-year median of 4.62 and 337% above the Telecommunication Services industry median of 3.43. SoftBank Group's overall GF Score™ is 70/100 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 SoftBank Group (SFTBY), the current Return-on-Tangible-Asset is 14.99% 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 SoftBank Group (SFTBY) Overvalued in 2026?
Based on GuruFocus' analysis, SoftBank Group stock appears to be overvalued.
The current stock price of $17.34 is trading 97% above its estimated GF Value™ of $8.80.
GuruFocus considers SoftBank Group to be Significantly Overvalued.
Key valuation signals for SFTBY:
Return-on-Tangible-Asset: 14.99% (224% above median its 10-year median of 4.62)
GF Value™: $8.80 vs. price of $17.34 (97% above fair value)
Industry Position: 337% above the Telecommunication Services median (#50 of 365)
No single metric tells the full story. See the SFTBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SoftBank is a Japan-based telecom and e-commerce conglomerate that has expanded mainly through acquisitions, and its key assets include a 40%-owned mobile and fixed broadband telecom operator business in Japan. It also owns 90% of semiconductor chip designer Arm Holdings following the 2023 IPO of this business, and has a vast portfolio of mainly internet- and e-commerce-focused early-stage investments. It is also a general partner of the USD 100 billion SoftBank Vision Fund 1 and sole investor in SoftBank Vision Fund 2, both of which primarily invest in pre-IPO internet and AI companies. Recently, it has begun investing in OpenAI.
70GF Score
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