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Space CommunicationSPMMF 34 Return-on-Tangible-Equity is 15.61% as of Mar. 2026. GuruFocus rates SPMMF with a GF Score™ of 34/100 and a GF Value™ of $0.14 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 325 Telecommunication Services companies, Space Communication ranks better than 73.23% 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. Space Communication's annualized net income for the quarter that ended in Mar. 2026 was $11.50 Mil. Space Communication's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $73.66 Mil. Therefore, Space Communication's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.61%.
The historical rank and industry rank for Space Communication's Return-on-Tangible-Equity or its related term are showing as below:
SPMMF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -136.94 Med: -15 Max: 82.01
Current: 53.29
During the past 13 years, Space Communication's highest Return-on-Tangible-Equity was 82.01%. The lowest was -136.94%. And the median was -15.00%.
SPMMF's Return-on-Tangible-Equity is ranked better than 73.23% of 325
companies
in the Telecommunication Services industry
Industry Median: 14.53
vs SPMMF: 53.29
Space Communication (OTCPK:SPMMF) 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.
Space Communication Return-on-Tangible-Equity Related Terms
Space Communication Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Space Communication'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.
Space Communication Return-on-Tangible-Equity Chart
SPMMF vs TMUS, VZ, T: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, Space Communication'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.
Space Communication Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Space Communication's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Space Communication'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 15.61% mean?
Space Communication (SPMMF) has a Return-on-Tangible-Equity of 15.61% 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 Space Communication and its competitors. According to the industry distribution chart, Space Communication ranks #87 out of 325 companies in the Telecommunication Services industry, placing it in the top 26.8%.
Is Space Communication's Return-on-Tangible-Equity too high?
Space Communication's current Return-on-Tangible-Equity is 15.61%. The Telecommunication Services industry median Return-on-Tangible-Equity is 14.53. Space Communication's value of 15.61% is 7.4% above this industry median. Based on the distribution chart, Space Communication ranks #87 out of 325 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Space Communication has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Space Communication's Return-on-Tangible-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Space Communication ranks #87 out of 325 companies for Return-on-Tangible-Equity. This puts Space Communication in the upper half of its industry. The industry median Return-on-Tangible-Equity is 14.53. Space Communication's value of 15.61% is 7.4% above this benchmark. 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 14.53, based on 325 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. Space Communication's current Return-on-Tangible-Equity of 15.61% is 7.4% 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 Space Communication and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 14.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Communication's current Return-on-Tangible-Equity is 15.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Communication stock overvalued right now?
Based on GuruFocus' analysis, Space Communication (SPMMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.14, compared to a current price of $0.53 — trading 275.4% above its estimated fair value. The current Return-on-Tangible-Equity is 15.61% and 7.4% above the Telecommunication Services industry median of 14.53. Space Communication's overall GF Score™ is 34/100 with 5 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 Space Communication (SPMMF), the current Return-on-Tangible-Equity is 15.61% 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 Space Communication (SPMMF) Overvalued in 2026?
Based on GuruFocus' analysis, Space Communication stock appears to be overvalued.
The current stock price of $0.53 is trading 275.4% above its estimated GF Value™ of $0.14.
GuruFocus considers Space Communication to be Significantly Overvalued.
Key valuation signals for SPMMF:
Return-on-Tangible-Equity: 15.61%
GF Value™: $0.14 vs. price of $0.53 (275.4% above fair value)
Industry Position: 7.4% above the Telecommunication Services median (#87 of 325)
No single metric tells the full story. See the SPMMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Space Communication Ltd is a satellite operator and satellite service provider. It provides broadcasting and communications services to Direct-to-home (DTH) operators, TV broadcasters and programmers, government and corporate organizations, and VSAT network operators.
34GF Score
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