Array Digital InfrastructureAD -1.89%66 Return-on-Tangible-Equity is 124.52% as of Mar. 2026, which is 1664% above its 10-year median of 7.06. GuruFocus rates AD with a GF Score™ of 66/100 and a GF Value™ of $64.11 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 329 Telecommunication Services companies, Array Digital Infrastructure ranks better than 72.64% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Array Digital Infrastructure's annualized net income for the quarter that ended in Mar. 2026 was $711 Mil. Array Digital Infrastructure's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $571 Mil. Therefore, Array Digital Infrastructure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 124.52%.
The historical rank and industry rank for Array Digital Infrastructure's Return-on-Tangible-Equity or its related term are showing as below:
AD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.42 Med: 7.06 Max: 50.82
Current: 50.82
During the past 13 years, Array Digital Infrastructure's highest Return-on-Tangible-Equity was 50.82%. The lowest was -6.42%. And the median was 7.06%.
AD's Return-on-Tangible-Equity is ranked better than 72.64% of 329
companies
in the Telecommunication Services industry
Industry Median: 13.8
vs AD: 50.82
Array Digital Infrastructure (NYSE:AD) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Array Digital Infrastructure Return-on-Tangible-Equity Related Terms
Array Digital Infrastructure Return-on-Tangible-Equity Historical Data
* 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.
Array Digital Infrastructure Return-on-Tangible-Equity Chart
AD vs KYIV, LBTYA, TDS: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, Array Digital Infrastructure's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Array Digital Infrastructure Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Array Digital Infrastructure's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Array Digital Infrastructure's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 124.52% mean?
Array Digital Infrastructure (AD) has a Return-on-Tangible-Equity of 124.52% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Array Digital Infrastructure and its competitors. This is 1664% above median its historical median of 7.06. According to the industry distribution chart, Array Digital Infrastructure ranks #90 out of 329 companies in the Telecommunication Services industry, placing it in the top 27.4%.
Is Array Digital Infrastructure's Return-on-Tangible-Equity too high?
Array Digital Infrastructure's current Return-on-Tangible-Equity of 124.52% is 1664% above median its 10-year median of 7.06. The Telecommunication Services industry median Return-on-Tangible-Equity is 13.80. Array Digital Infrastructure's value of 124.52% is 802.3% above this industry median. Based on the distribution chart, Array Digital Infrastructure ranks #90 out of 329 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Array Digital Infrastructure has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array Digital Infrastructure's Return-on-Tangible-Equity compare to KYIV and LBTYA?
According to the Telecommunication Services industry distribution chart, Array Digital Infrastructure ranks #90 out of 329 companies for Return-on-Tangible-Equity. This puts Array Digital Infrastructure in the upper half of its industry. The industry median Return-on-Tangible-Equity is 13.80. Array Digital Infrastructure's value of 124.52% is 802.3% above this benchmark. While the company's 10-year median is 7.06 vs. the industry median of 13.80, Array Digital Infrastructure 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-Equity for a Telecommunication Services company?
The median Return-on-Tangible-Equity among Telecommunication Services companies is 13.80, based on 329 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Array Digital Infrastructure's current Return-on-Tangible-Equity of 124.52% is 802.3% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Array Digital Infrastructure and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 13.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Array Digital Infrastructure's current Return-on-Tangible-Equity is 124.52%, which is 1664% above median its own 10-year median of 7.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Digital Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Array Digital Infrastructure (AD) is currently considered Possible Value Trap. The stock's GF Value™ is $64.11, compared to a current price of $36.37 — trading 43.3% below its estimated fair value. The current Return-on-Tangible-Equity is 124.52%, which is 1664% above median its 10-year median of 7.06 and 802.3% above the Telecommunication Services industry median of 13.80. Array Digital Infrastructure's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Array Digital Infrastructure (AD), the current Return-on-Tangible-Equity is 124.52% 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 Array Digital Infrastructure (AD) Overvalued in 2026?
Based on GuruFocus' analysis, Array Digital Infrastructure stock appears to be undervalued.
The current stock price of $36.37 is trading 43.3% below its estimated GF Value™ of $64.11.
GuruFocus considers Array Digital Infrastructure to be Possible Value Trap.
Key valuation signals for AD:
Return-on-Tangible-Equity: 124.52% (1664% above median its 10-year median of 7.06)
GF Value™: $64.11 vs. price of $36.37 (43.3% below fair value)
Industry Position: 802.3% above the Telecommunication Services median (#90 of 329)
No single metric tells the full story. See the AD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Array Digital Infrastructure, formerly US Cellular, sold its regional wireless operations serving about 4.4 million customers to T-Mobile in August 2025. The firm has agreed to sell most of its remaining spectrum licenses; however, it will still retain rights to C-band spectrum in several locations after these deals are closed. Array also owns a 5.5% stake in Verizon Wireless' Los Angeles operations, as well as other smaller wireless partnership interests in Oklahoma and upstate New York. The firm still operates a portfolio of about 4,400 wireless towers. Parent TDS has proposed to acquire the portion of Array that it doesn't already own in an all-stock transaction.
66GF Score
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