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.
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.
Cumulus MediaCMLSQ -6.38% Return-on-Tangible-Equity is 0.00% as of Jun. 2026. The stock has 2 warning signs investors should review. Among 860 Media - Diversified companies, Cumulus Media ranks worse than 116278.95% 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. Cumulus Media's annualized net income for the quarter that ended in Jun. 2026 was $-36.8 Mil. Cumulus Media's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $-673.7 Mil. Therefore, Cumulus Media's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was N/A%.
The historical rank and industry rank for Cumulus Media's Return-on-Tangible-Equity or its related term are showing as below:
CMLSQ's Return-on-Tangible-Equity is not ranked *
in the Media - Diversified industry.
Industry Median: 5.155 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Cumulus Media (OTCPK:CMLSQ) 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.
Cumulus Media Return-on-Tangible-Equity Related Terms
Cumulus Media Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Cumulus Media's Return-on-Tangible-Equity 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.
CMLSQ vs MDEX, NXST: Return-on-Tangible-Equity Comparison
For the Broadcasting subindustry, Cumulus Media'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.
Cumulus Media Return-on-Tangible-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Cumulus Media's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cumulus Media'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
Cumulus Media (CMLSQ) has a Return-on-Tangible-Equity of 0.00% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Cumulus Media and its competitors. According to the industry distribution chart, Cumulus Media ranks #999999 out of 860 companies in the Media - Diversified industry.
Is Cumulus Media's Return-on-Tangible-Equity too high?
Cumulus Media's current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, Cumulus Media ranks #999999 out of 860 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers.
How does Cumulus Media's Return-on-Tangible-Equity compare to MDEX and NXST?
According to the Media - Diversified industry distribution chart, Cumulus Media ranks #999999 out of 860 companies for Return-on-Tangible-Equity. This places Cumulus Media in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.16. 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 Media - Diversified company?
The median Return-on-Tangible-Equity among Media - Diversified companies is 5.16, based on 860 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. 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 Cumulus Media and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Equity is 5.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cumulus Media's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cumulus Media stock overvalued right now?
Based on GuruFocus' analysis, Cumulus Media (CMLSQ) is currently considered Possible Value Trap. The stock's GF Value™ is $0.59, compared to a current price of $0.00 — trading 99.3% below its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. 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 Cumulus Media (CMLSQ), the current Return-on-Tangible-Equity is 0.00% as of Jun. 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.
Cumulus Media Inc is an audio-first media company delivering content to over a quarter billion people monthly whenever required. It is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with the Westwood One network and numerous digital channels. The company's revenue is derived from Broadcast radio revenue, Digital revenue, and Other revenue.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CMLSQ has been successfully added to your 
