Telelink Business Services Group AD (XBUL:TBS) Return-on-Tangible-Asset: 10.22% (As of Mar. 2026) — 29% Below Median

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.

XBUL:TBS Telelink Business Services Group AD XBUL:TBS
82 GF Score
Price €5.90
GF Value €14.55
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Telelink Business Services Group AD Return-on-Tangible-Asset?

Telelink Business Services Group AD XBUL:TBS 82 Return-on-Tangible-Asset is 10.22% as of Mar. 2026, which is 29% below its 10-year median of 14.39. GuruFocus rates XBUL:TBS with a GF Score™ of 82/100 and a GF Value™ of €14.55 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,898 Software companies, Telelink Business Services Group AD ranks better than 83.99% 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. Telelink Business Services Group AD's annualized Net Income for the quarter that ended in Mar. 2026 was €9.1 Mil. Telelink Business Services Group AD's average total tangible assets for the quarter that ended in Mar. 2026 was €70.6 Mil. Therefore, Telelink Business Services Group AD's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.22%.

The historical rank and industry rank for Telelink Business Services Group AD's Return-on-Tangible-Asset or its related term are showing as below:

XBUL:TBS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.87   Med: 14.39   Max: 21.15
Current: 14.14

During the past 9 years, Telelink Business Services Group AD's highest Return-on-Tangible-Asset was 21.15%. The lowest was 7.87%. And the median was 14.39%.

XBUL:TBS's Return-on-Tangible-Asset is ranked better than
83.99% of 2898 companies
in the Software industry
Industry Median: 2.035 vs XBUL:TBS: 14.14

Telelink Business Services Group AD  (XBUL:TBS) 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.


Telelink Business Services Group AD Return-on-Tangible-Asset Related Terms


Telelink Business Services Group AD Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Telelink Business Services Group AD'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.

Telelink Business Services Group AD Return-on-Tangible-Asset Chart

Telelink Business Services Group AD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only 21.15 18.28 9.22 7.87 9.06

Telelink Business Services Group AD Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -9.07 15.82 37.72 -1.08 10.22

XBUL:TBS vs IBM, ACN, CTSH: Return-on-Tangible-Asset Comparison

For the Information Technology Services subindustry, Telelink Business Services Group AD'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.


Telelink Business Services Group AD Return-on-Tangible-Asset vs Software Industry

For the Software industry and Technology sector, Telelink Business Services Group AD's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Telelink Business Services Group AD's Return-on-Tangible-Asset falls into.


XBUL:TBS
82GF Score
Telelink Business Services Group AD XBUL:TBS
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telelink Business Services Group AD Return-on-Tangible-Asset Calculation

Telelink Business Services Group AD'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 )
=8.3069099329291/( (81.829+102.016)/ 2 )
=8.3069099329291/91.9225
=9.04 %

Telelink Business Services Group AD's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=9.096/( (102.016+39.111)/ 2 )
=9.096/70.5635
=12.89 %

* 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 10.22% mean?
Telelink Business Services Group AD (XBUL:TBS) has a Return-on-Tangible-Asset of 10.22% 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 Telelink Business Services Group AD and its competitors. This is 29% below median its historical median of 14.39. Over the past decade, Telelink Business Services Group AD's Return-on-Tangible-Asset has ranged from 7.87 to 21.15. According to the industry distribution chart, Telelink Business Services Group AD ranks #464 out of 2898 companies in the Software industry, placing it in the top 16%.
Is Telelink Business Services Group AD's Return-on-Tangible-Asset too high?
Telelink Business Services Group AD's current Return-on-Tangible-Asset of 10.22% is 29% below median its 10-year median of 14.39. Over the past 10 years, this metric has ranged from a low of 7.87 to a high of 21.15. The Software industry median Return-on-Tangible-Asset is 2.04. Telelink Business Services Group AD's value of 10.22% is 402.2% above this industry median. Based on the distribution chart, Telelink Business Services Group AD ranks #464 out of 2898 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Telelink Business Services Group AD has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Telelink Business Services Group AD's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Telelink Business Services Group AD ranks #464 out of 2898 companies for Return-on-Tangible-Asset. This places Telelink Business Services Group AD in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. Telelink Business Services Group AD's value of 10.22% is 402.2% above this benchmark. Historically, Telelink Business Services Group AD's own Return-on-Tangible-Asset has ranged from 7.87 to 21.15 over the past decade. While the company's 10-year median is 14.39 vs. the industry median of 2.04, Telelink Business Services Group AD 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,898 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. Telelink Business Services Group AD's current Return-on-Tangible-Asset of 10.22% is 402.2% 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 Telelink Business Services Group AD and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telelink Business Services Group AD's current Return-on-Tangible-Asset is 10.22%, which is 29% below median its own 10-year median of 14.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telelink Business Services Group AD stock overvalued right now?
Based on GuruFocus' analysis, Telelink Business Services Group AD (XBUL:TBS) is currently considered Significantly Undervalued. The stock's GF Value™ is €14.55, compared to a current price of €5.90 — trading 59.5% below its estimated fair value. The current Return-on-Tangible-Asset is 10.22%, which is 29% below median its 10-year median of 14.39 and 402.2% above the Software industry median of 2.04. Telelink Business Services Group AD's overall GF Score™ is 82/100 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 Telelink Business Services Group AD (XBUL:TBS), the current Return-on-Tangible-Asset is 10.22% 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 Telelink Business Services Group AD (XBUL:TBS) Overvalued in 2026?

Based on GuruFocus' analysis, Telelink Business Services Group AD stock appears to be undervalued. The current stock price of €5.90 is trading 59.5% below its estimated GF Value™ of €14.55. GuruFocus considers Telelink Business Services Group AD to be Significantly Undervalued.

Key valuation signals for XBUL:TBS:

  • Return-on-Tangible-Asset: 10.22% (29% below median its 10-year median of 14.39)
  • GF Value™: €14.55 vs. price of €5.90 (59.5% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 402.2% above the Software median (#464 of 2898)

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


Telelink Business Services Group AD Business Description

Address 2 Ushlinova Street, Garitage Park, Building 1, Floor 4, Malinova Dolina, Vitosha Region, Sofia, BGR, 1766
Telelink Business Services Group AD provides system integration, connectivity, information security, cloud, and data solutions in the three main market segments: mobile telecommunications service providers, fixed telecommunications service providers, and large and mid-sized public and private organizations. Geographically, the company operates in Bulgaria ,Other European countries and Counties outside Europe.
82GF Score

Get the complete analysis for XBUL:TBS

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

€5.90
Price
€14.55
GF Value