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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. VNET Group's annualized net income for the quarter that ended in Mar. 2026 was €-1,119 Mil. VNET Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €289 Mil. Therefore, VNET Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -386.99%.
The historical rank and industry rank for VNET Group's Return-on-Tangible-Equity or its related term are showing as below:
HAM:217A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -80.78 Med: -12.85 Max: 10.87
Current: -80.78
During the past 13 years, VNET Group's highest Return-on-Tangible-Equity was 10.87%. The lowest was -80.78%. And the median was -12.85%.
HAM:217A's Return-on-Tangible-Equity is ranked worse than 90.27% of 2477
companies
in the Software industry
Industry Median: 8.83
vs HAM:217A: -80.78
VNET Group (HAM:217A) 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.
VNET Group Return-on-Tangible-Equity Related Terms
VNET Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for VNET Group'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.
HAM:217A vs INOD, KD, BBAI: Return-on-Tangible-Equity Comparison
For the Information Technology Services subindustry, VNET Group'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.
VNET Group Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, VNET Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where VNET Group'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 -386.99% mean?
VNET Group (HAM:217A) has a Return-on-Tangible-Equity of -386.99% 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 VNET Group and its competitors. According to the industry distribution chart, VNET Group ranks #2236 out of 2477 companies in the Software industry, placing it in the top 90.3%.
Is VNET Group's Return-on-Tangible-Equity too high?
VNET Group's current Return-on-Tangible-Equity is -386.99%. Based on the distribution chart, VNET Group ranks #2236 out of 2477 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, VNET Group has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's Return-on-Tangible-Equity compare to INOD and KD?
According to the Software industry distribution chart, VNET Group ranks #2236 out of 2477 companies for Return-on-Tangible-Equity. This places VNET Group in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.83. 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.83, based on 2,477 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 VNET Group and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNET Group's current Return-on-Tangible-Equity is -386.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current Return-on-Tangible-Equity of -386.99%. The stock's GF Value™ is €3.88, compared to a current price of €6.64 — trading 71.1% above its estimated fair value. The current Return-on-Tangible-Equity is -386.99%. VNET Group's overall GF Score™ is 59/100 with 8 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 VNET Group (HAM:217A), the current Return-on-Tangible-Equity is -386.99% 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 VNET Group (HAM:217A) Overvalued in 2026?
Based on GuruFocus' analysis, VNET Group stock appears to be overvalued.
The current stock price of €6.64 is trading 71.1% above its estimated GF Value™ of €3.88.
Key valuation signals for HAM:217A:
Return-on-Tangible-Equity: -386.99%
GF Value™: €3.88 vs. price of €6.64 (71.1% above fair value)
No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
59GF Score
Get the complete analysis for HAM:217A
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