Converge Information And Communications Technology SolutionsCVGYY 98 Return-on-Tangible-Equity is 20.32% as of Mar. 2026, which is 12% below its 10-year median of 23.14. GuruFocus rates CVGYY with a GF Score™ of 98/100. The stock has 2 warning signs investors should review. Among 327 Telecommunication Services companies, Converge Information And Communications Technology Solutions ranks better than 56.88% on this metric.
CVGYY's Return-on-Tangible-Equity is ranked better than 56.88% of 327
companies
in the Telecommunication Services industry
Industry Median: 13.99
vs CVGYY: 20.84
Converge Information And Communications Technology Solutions (OTCPK:CVGYY) 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.
Converge Information And Communications Technology Solutions Return-on-Tangible-Equity Related Terms
Converge Information And Communications Technology Solutions 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.
Converge Information And Communications Technology Solutions Return-on-Tangible-Equity Chart
Converge Information And Communications Technology Solutions Annual Data
* 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.
Converge Information And Communications Technology Solutions Return-on-Tangible-Equity vs Telecommunication Services Industry
* 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 20.32% mean?
Converge Information And Communications Technology Solutions (CVGYY) has a Return-on-Tangible-Equity of 20.32% 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 Converge Information And Communications Technology Solutions and its competitors. This is 12% below median its historical median of 23.14. Over the past decade, Converge Information And Communications Technology Solutions' Return-on-Tangible-Equity has ranged from 17.78 to 31.16. According to the industry distribution chart, Converge Information And Communications Technology Solutions ranks #141 out of 327 companies in the Telecommunication Services industry, placing it in the top 43.1%.
Is Converge Information And Communications Technology Solutions' Return-on-Tangible-Equity too high?
Converge Information And Communications Technology Solutions' current Return-on-Tangible-Equity of 20.32% is 12% below median its 10-year median of 23.14. Over the past 10 years, this metric has ranged from a low of 17.78 to a high of 31.16. The Telecommunication Services industry median Return-on-Tangible-Equity is 13.99. Converge Information And Communications Technology Solutions' value of 20.32% is 45.2% above this industry median. Based on the distribution chart, Converge Information And Communications Technology Solutions ranks #141 out of 327 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Converge Information And Communications Technology Solutions has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Converge Information And Communications Technology Solutions' Return-on-Tangible-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Converge Information And Communications Technology Solutions ranks #141 out of 327 companies for Return-on-Tangible-Equity. This puts Converge Information And Communications Technology Solutions in the upper half of its industry. The industry median Return-on-Tangible-Equity is 13.99. Converge Information And Communications Technology Solutions' value of 20.32% is 45.2% above this benchmark. Historically, Converge Information And Communications Technology Solutions' own Return-on-Tangible-Equity has ranged from 17.78 to 31.16 over the past decade. While the company's 10-year median is 23.14 vs. the industry median of 13.99, Converge Information And Communications Technology Solutions 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 13.99, based on 327 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. Converge Information And Communications Technology Solutions's current Return-on-Tangible-Equity of 20.32% is 45.2% 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-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 Converge Information And Communications Technology Solutions and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 13.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Converge Information And Communications Technology Solutions's current Return-on-Tangible-Equity is 20.32%, which is 12% below median its own 10-year median of 23.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Converge Information And Communications Technology Solutions stock overvalued right now?
Converge Information And Communications Technology Solutions (CVGYY) has a current Return-on-Tangible-Equity of 20.32%. The current Return-on-Tangible-Equity is 20.32%, which is 12% below median its 10-year median of 23.14 and 45.2% above the Telecommunication Services industry median of 13.99. Converge Information And Communications Technology Solutions' overall GF Score™ is 98/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Converge Information And Communications Technology Solutions (CVGYY), the current Return-on-Tangible-Equity is 20.32% 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.
Converge Information And Communications Technology Solutions Business Description
Converge Information And Communications Technology Solutions Inc is a pure-play high-speed fixed broadband provider in the Philippines, with industry optical fiber-based connectivity services. Its singular focus on high-speed fixed broadband services is deeply ingrained in the organization and permeates all aspects of Converge's operations, including network rollout, product and service innovation, sales, and customer service. The company operates in two businesses, namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business. The company derives all its revenue from Philippines.
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