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Tele2 ABTLTZF 70 Return-on-Tangible-Asset is 92.07% as of Mar. 2026, which is 489% above its 10-year median of 15.64. GuruFocus rates TLTZF with a GF Score™ of 70/100 and a GF Value™ of $12.44 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 364 Telecommunication Services companies, Tele2 AB ranks better than 98.63% 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. Tele2 AB's annualizedNet Income for the quarter that ended in Mar. 2026 was $2,741 Mil. Tele2 AB's average total tangible assets for the quarter that ended in Mar. 2026 was $2,977 Mil. Therefore, Tele2 AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 92.07%.
The historical rank and industry rank for Tele2 AB's Return-on-Tangible-Asset or its related term are showing as below:
TLTZF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.72 Med: 15.64 Max: 39.29
Current: 39.29
During the past 13 years, Tele2 AB's highest Return-on-Tangible-Asset was 39.29%. The lowest was -7.72%. And the median was 15.64%.
TLTZF's Return-on-Tangible-Asset is ranked better than 98.63% of 364
companies
in the Telecommunication Services industry
Industry Median: 3.47
vs TLTZF: 39.29
Tele2 AB (OTCPK:TLTZF) 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.
Tele2 AB Return-on-Tangible-Asset Related Terms
Tele2 AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tele2 AB'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.
TLTZF vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Tele2 AB'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.
Tele2 AB Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Tele2 AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tele2 AB'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 92.07% mean?
Tele2 AB (TLTZF) has a Return-on-Tangible-Asset of 92.07% 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 Tele2 AB and its competitors. This is 489% above median its historical median of 15.64. According to the industry distribution chart, Tele2 AB ranks #5 out of 364 companies in the Telecommunication Services industry, placing it in the top 1.4%.
Is Tele2 AB's Return-on-Tangible-Asset too high?
Tele2 AB's current Return-on-Tangible-Asset of 92.07% is 489% above median its 10-year median of 15.64. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.47. Tele2 AB's value of 92.07% is 2553.3% above this industry median. Based on the distribution chart, Tele2 AB ranks #5 out of 364 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Tele2 AB has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tele2 AB's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Tele2 AB ranks #5 out of 364 companies for Return-on-Tangible-Asset. This places Tele2 AB in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.47. Tele2 AB's value of 92.07% is 2553.3% above this benchmark. While the company's 10-year median is 15.64 vs. the industry median of 3.47, Tele2 AB 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 3.47, based on 364 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. Tele2 AB's current Return-on-Tangible-Asset of 92.07% is 2553.3% 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 Tele2 AB and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tele2 AB's current Return-on-Tangible-Asset is 92.07%, which is 489% above median its own 10-year median of 15.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tele2 AB stock overvalued right now?
Based on GuruFocus' analysis, Tele2 AB (TLTZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.44, compared to a current price of $18.34 — trading 47.4% above its estimated fair value. The current Return-on-Tangible-Asset is 92.07%, which is 489% above median its 10-year median of 15.64 and 2553.3% above the Telecommunication Services industry median of 3.47. Tele2 AB's overall GF Score™ is 70/100 with 2 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 Tele2 AB (TLTZF), the current Return-on-Tangible-Asset is 92.07% 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 Tele2 AB (TLTZF) Overvalued in 2026?
Based on GuruFocus' analysis, Tele2 AB stock appears to be overvalued.
The current stock price of $18.34 is trading 47.4% above its estimated GF Value™ of $12.44.
GuruFocus considers Tele2 AB to be Significantly Overvalued.
Key valuation signals for TLTZF:
Return-on-Tangible-Asset: 92.07% (489% above median its 10-year median of 15.64)
GF Value™: $12.44 vs. price of $18.34 (47.4% above fair value)
Industry Position: 2553.3% above the Telecommunication Services median (#5 of 364)
No single metric tells the full story. See the TLTZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tele2 is the second-largest telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. Tele2 is a well-managed firm, showing good cost discipline and a healthy dividend policy, which we expect will remain.
70GF Score
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