Comba Telecom Systems Holdings (SGX:STC) Return-on-Tangible-Asset: -0.79% (As of Dec. 2025)

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.

SGX:STC Comba Telecom Systems Holdings Ltd SGX:STC
47 GF Score
Price S$0.22
GF Value S$0.23
! 3 Warning Signs
View Full Analysis

What is Comba Telecom Systems Holdings Return-on-Tangible-Asset?

Comba Telecom Systems Holdings SGX:STC 47 Return-on-Tangible-Asset is -0.79% as of Dec. 2025. GuruFocus rates SGX:STC with a GF Score™ of 47/100 and a GF Value™ of S$0.23. The stock has 3 warning signs investors should review. Among 2,501 Hardware companies, Comba Telecom Systems Holdings ranks worse than 62.69% 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. Comba Telecom Systems Holdings's annualized Net Income for the quarter that ended in Dec. 2025 was S$-8.9 Mil. Comba Telecom Systems Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was S$1,117.3 Mil. Therefore, Comba Telecom Systems Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -0.79%.

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

SGX:STC' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.48   Med: 0.19   Max: 1.92
Current: 0.52

During the past 13 years, Comba Telecom Systems Holdings's highest Return-on-Tangible-Asset was 1.92%. The lowest was -7.48%. And the median was 0.19%.

SGX:STC's Return-on-Tangible-Asset is ranked worse than
62.69% of 2501 companies
in the Hardware industry
Industry Median: 2.46 vs SGX:STC: 0.52

Comba Telecom Systems Holdings  (SGX:STC) 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.


Comba Telecom Systems Holdings Return-on-Tangible-Asset Related Terms


Comba Telecom Systems Holdings Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Comba Telecom Systems 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.

Comba Telecom Systems Holdings Return-on-Tangible-Asset Chart

Comba Telecom Systems Holdings 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 -5.82 1.91 0.07 -7.56 0.52

Comba Telecom Systems Holdings 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 -2.41 -3.95 -11.19 1.74 -0.79

SGX:STC vs CSCO, MSI, HPE: Return-on-Tangible-Asset Comparison

For the Communication Equipment subindustry, Comba Telecom Systems 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.


Comba Telecom Systems Holdings Return-on-Tangible-Asset vs Hardware Industry

For the Hardware industry and Technology sector, Comba Telecom Systems Holdings's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Comba Telecom Systems Holdings's Return-on-Tangible-Asset falls into.


SGX:STC
47GF Score
Comba Telecom Systems Holdings Ltd SGX:STC
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Comba Telecom Systems Holdings Return-on-Tangible-Asset Calculation

Comba Telecom Systems Holdings'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 )
=5.809/( (1167.254+1078.865)/ 2 )
=5.809/1123.0595
=0.52 %

Comba Telecom Systems Holdings'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 )
=-8.878/( (1155.664+1078.865)/ 2 )
=-8.878/1117.2645
=-0.79 %

* 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 -0.79% mean?
Comba Telecom Systems Holdings (SGX:STC) has a Return-on-Tangible-Asset of -0.79% 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 Comba Telecom Systems Holdings and its competitors. According to the industry distribution chart, Comba Telecom Systems Holdings ranks #1568 out of 2501 companies in the Hardware industry, placing it in the top 62.7%.
Is Comba Telecom Systems Holdings' Return-on-Tangible-Asset too high?
Comba Telecom Systems Holdings' current Return-on-Tangible-Asset is -0.79%. Based on the distribution chart, Comba Telecom Systems Holdings ranks #1568 out of 2501 companies in the Hardware industry, which is below the industry midpoint. Overall, Comba Telecom Systems Holdings has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Comba Telecom Systems Holdings' Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Comba Telecom Systems Holdings ranks #1568 out of 2501 companies for Return-on-Tangible-Asset. This places Comba Telecom Systems Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.46. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, based on 2,501 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. 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 Comba Telecom Systems Holdings and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comba Telecom Systems Holdings's current Return-on-Tangible-Asset is -0.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comba Telecom Systems Holdings stock overvalued right now?
Comba Telecom Systems Holdings (SGX:STC) has a current Return-on-Tangible-Asset of -0.79%. The stock's GF Value™ is S$0.23, compared to a current price of S$0.22 — trading 4.3% below its estimated fair value. The current Return-on-Tangible-Asset is -0.79%. Comba Telecom Systems Holdings' overall GF Score™ is 47/100 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 Comba Telecom Systems Holdings (SGX:STC), the current Return-on-Tangible-Asset is -0.79% 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 Comba Telecom Systems Holdings (SGX:STC) Overvalued in 2026?

Based on GuruFocus' analysis, Comba Telecom Systems Holdings stock appears to be undervalued. The current stock price of S$0.22 is trading 4.3% below its estimated GF Value™ of S$0.23.

Key valuation signals for SGX:STC:

  • Return-on-Tangible-Asset: -0.79%
  • GF Value™: S$0.23 vs. price of S$0.22 (4.3% below fair value)
  • GF Score™: 47/100 with 3 warning signs

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


Comba Telecom Systems Holdings Business Description

Address Hong Kong Science Park, Unit 611, Building 8W, Pak Shek Kok, New Territories, Hong Kong, HKG
Comba Telecom Systems Holdings Ltd is an investment holding company. It operates in two segments: Wireless telecommunications network system equipment & services, and Operator telecommunication services. Its solutions include Antenna Site, In-Vehicle Broadband, Indoor Coverage Enhancement, Large Venue Coverage, LTE Upgrade, Railway/Tunnel Coverage, Wireless Backhaul, and Small Cell. It serves various industries such as airports, Education, Government and Public, Hospitality, stadiums, Transportation, and others. The company generates maximum revenue from the Wireless telecommunications network system equipment & services segment. Its geographical segments are Mainland China, Other countries/areas in the Asia Pacific, Americas, European Union, Middle East, and Other countries.
47GF Score

Get the complete analysis for SGX:STC

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

S$0.22
Price
S$0.23
GF Value