NetLink NBN TrustNETLF +1.52%32 Return-on-Tangible-Equity is 5.53% as of Mar. 2026, which is 18% above its 10-year median of 4.70. GuruFocus rates NETLF with a GF Score™ of 32/100 and a GF Value™ of $0.68 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 331 Telecommunication Services companies, NetLink NBN Trust ranks worse than 68.58% 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. NetLink NBN Trust's annualized net income for the quarter that ended in Mar. 2026 was $62.2 Mil. NetLink NBN Trust's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,123.9 Mil. Therefore, NetLink NBN Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.53%.
The historical rank and industry rank for NetLink NBN Trust's Return-on-Tangible-Equity or its related term are showing as below:
NETLF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.27 Med: 4.7 Max: 5.96
Current: 5.64
During the past 11 years, NetLink NBN Trust's highest Return-on-Tangible-Equity was 5.96%. The lowest was 2.27%. And the median was 4.70%.
NETLF's Return-on-Tangible-Equity is ranked worse than 68.58% of 331
companies
in the Telecommunication Services industry
Industry Median: 13.99
vs NETLF: 5.64
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.
NetLink NBN Trust Return-on-Tangible-Equity Related Terms
NetLink NBN Trust Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for NetLink NBN Trust'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.
NETLF vs TMUS, VZ, T: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, NetLink NBN Trust'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.
NetLink NBN Trust Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, NetLink NBN Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NetLink NBN Trust'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 two times the semi-annual (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 5.53% mean?
NetLink NBN Trust (NETLF) has a Return-on-Tangible-Equity of 5.53% 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 NetLink NBN Trust and its competitors. This is 18% above median its historical median of 4.70. Over the past decade, NetLink NBN Trust's Return-on-Tangible-Equity has ranged from 2.27 to 5.96. According to the industry distribution chart, NetLink NBN Trust ranks #227 out of 331 companies in the Telecommunication Services industry, placing it in the top 68.6%.
Is NetLink NBN Trust's Return-on-Tangible-Equity too high?
NetLink NBN Trust's current Return-on-Tangible-Equity of 5.53% is 18% above median its 10-year median of 4.70. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 5.96. The Telecommunication Services industry median Return-on-Tangible-Equity is 13.99. NetLink NBN Trust's value of 5.53% is 60.5% below this industry median. Based on the distribution chart, NetLink NBN Trust ranks #227 out of 331 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, NetLink NBN Trust has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetLink NBN Trust's Return-on-Tangible-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, NetLink NBN Trust ranks #227 out of 331 companies for Return-on-Tangible-Equity. This places NetLink NBN Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.99. NetLink NBN Trust's value of 5.53% is 60.5% below this benchmark. Historically, NetLink NBN Trust's own Return-on-Tangible-Equity has ranged from 2.27 to 5.96 over the past decade. While the company's 10-year median is 4.70 vs. the industry median of 13.99, NetLink NBN Trust has consistently been below 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 331 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. NetLink NBN Trust's current Return-on-Tangible-Equity of 5.53% is 60.5% below 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 NetLink NBN Trust 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. NetLink NBN Trust's current Return-on-Tangible-Equity is 5.53%, which is 18% above median its own 10-year median of 4.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetLink NBN Trust stock overvalued right now?
Based on GuruFocus' analysis, NetLink NBN Trust (NETLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.68, compared to a current price of $0.77 — trading 13.1% above its estimated fair value. The current Return-on-Tangible-Equity is 5.53%, which is 18% above median its 10-year median of 4.70 and 60.5% below the Telecommunication Services industry median of 13.99. NetLink NBN Trust's overall GF Score™ is 32/100 with 9 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 NetLink NBN Trust (NETLF), the current Return-on-Tangible-Equity is 5.53% 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 NetLink NBN Trust (NETLF) Overvalued in 2026?
Based on GuruFocus' analysis, NetLink NBN Trust stock appears to be overvalued.
The current stock price of $0.77 is trading 13.1% above its estimated GF Value™ of $0.68.
GuruFocus considers NetLink NBN Trust to be Modestly Overvalued.
Key valuation signals for NETLF:
Return-on-Tangible-Equity: 5.53% (18% above median its 10-year median of 4.70)
GF Value™: $0.68 vs. price of $0.77 (13.1% above fair value)
Industry Position: 60.5% below the Telecommunication Services median (#227 of 331)
No single metric tells the full story. See the NETLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue. The company operates in Singapore, the USA, the UK, and the rest of the World.
32GF Score
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