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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.
Verizon CommunicationsVZ +2.45%64 Return-on-Tangible-Asset is 9.36% as of Mar. 2026, which is 16% below its 10-year median of 11.11. GuruFocus rates VZ with a GF Score™ of 64/100 and a GF Value™ of $42.55 (Fairly Valued). The stock has 3 warning signs investors should review. Among 364 Telecommunication Services companies, Verizon Communications ranks better than 74.45% 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. Verizon Communications's annualizedNet Income for the quarter that ended in Mar. 2026 was $20,180 Mil. Verizon Communications's average total tangible assets for the quarter that ended in Mar. 2026 was $215,647 Mil. Therefore, Verizon Communications's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.36%.
The historical rank and industry rank for Verizon Communications's Return-on-Tangible-Asset or its related term are showing as below:
VZ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.11 Med: 11.11 Max: 24.01
Current: 8.56
During the past 13 years, Verizon Communications's highest Return-on-Tangible-Asset was 24.01%. The lowest was 6.11%. And the median was 11.11%.
VZ's Return-on-Tangible-Asset is ranked better than 74.45% of 364
companies
in the Telecommunication Services industry
Industry Median: 3.47
vs VZ: 8.56
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.
Verizon Communications Return-on-Tangible-Asset Related Terms
Verizon Communications Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Verizon Communications'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.
VZ vs TMUS, T, CMCSA: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Verizon Communications'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.
Verizon Communications Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Verizon Communications's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Verizon Communications'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 9.36% mean?
Verizon Communications (VZ) has a Return-on-Tangible-Asset of 9.36% 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 Verizon Communications and its competitors. This is 16% below median its historical median of 11.11. Over the past decade, Verizon Communications' Return-on-Tangible-Asset has ranged from 6.11 to 24.01. According to the industry distribution chart, Verizon Communications ranks #93 out of 364 companies in the Telecommunication Services industry, placing it in the top 25.5%.
Is Verizon Communications' Return-on-Tangible-Asset too high?
Verizon Communications' current Return-on-Tangible-Asset of 9.36% is 16% below median its 10-year median of 11.11. Over the past 10 years, this metric has ranged from a low of 6.11 to a high of 24.01. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.47. Verizon Communications' value of 9.36% is 169.7% above this industry median. Based on the distribution chart, Verizon Communications ranks #93 out of 364 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Verizon Communications has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Verizon Communications' Return-on-Tangible-Asset compare to TMUS and T?
According to the Telecommunication Services industry distribution chart, Verizon Communications ranks #93 out of 364 companies for Return-on-Tangible-Asset. This puts Verizon Communications in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.47. Verizon Communications' value of 9.36% is 169.7% above this benchmark. Historically, Verizon Communications' own Return-on-Tangible-Asset has ranged from 6.11 to 24.01 over the past decade. While the company's 10-year median is 11.11 vs. the industry median of 3.47, Verizon Communications 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. Verizon Communications's current Return-on-Tangible-Asset of 9.36% is 169.7% 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 Verizon Communications 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. Verizon Communications's current Return-on-Tangible-Asset is 9.36%, which is 16% below median its own 10-year median of 11.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verizon Communications stock overvalued right now?
Based on GuruFocus' analysis, Verizon Communications (VZ) is currently considered Fairly Valued. The stock's GF Value™ is $42.55, compared to a current price of $43.88 — trading 3.1% above its estimated fair value. The current Return-on-Tangible-Asset is 9.36%, which is 16% below median its 10-year median of 11.11 and 169.7% above the Telecommunication Services industry median of 3.47. Verizon Communications' overall GF Score™ is 64/100 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 Verizon Communications (VZ), the current Return-on-Tangible-Asset is 9.36% 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 Verizon Communications (VZ) Overvalued in 2026?
Based on GuruFocus' analysis, Verizon Communications stock appears to be overvalued.
The current stock price of $43.88 is trading 3.1% above its estimated GF Value™ of $42.55.
GuruFocus considers Verizon Communications to be Fairly Valued.
Key valuation signals for VZ:
Return-on-Tangible-Asset: 9.36% (16% below median its 10-year median of 11.11)
GF Value™: $42.55 vs. price of $43.88 (3.1% above fair value)
Industry Position: 169.7% above the Telecommunication Services median (#93 of 364)
No single metric tells the full story. See the VZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wireless services account for 75% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 94 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast that reach about 30 million homes and businesses, including about 20 million served by the Fios fiber-optic network. Verizon closed its acquisition of Frontier Communications in January, adding networks that reach another 15 million locations, including 9 million with fiber. These networks serve about 11 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, using a mix of its own and other networks.
64GF Score
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