Tele2 ABTLTZF 68 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates TLTZF with a GF Score™ of 68/100 and a GF Value™ of $12.17 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 327 Telecommunication Services companies, Tele2 AB ranks better than 99.69% 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. Tele2 AB's annualized net income for the quarter that ended in Mar. 2026 was $2,741 Mil. Tele2 AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $-1,416 Mil. Therefore, Tele2 AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Tele2 AB's Return-on-Tangible-Equity or its related term are showing as below:
TLTZF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -38.45 Med: -17.76 Max: 2.93
Current: Negative Tangible Equity
During the past 13 years, Tele2 AB's highest Return-on-Tangible-Equity was 2.93%. The lowest was -38.45%. And the median was -17.76%.
TLTZF's Return-on-Tangible-Equity is ranked better than 99.69% of 327
companies
in the Telecommunication Services industry
Industry Median: 13.99
vs TLTZF: Negative Tangible Equity
Tele2 AB (OTCPK:TLTZF) 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.
Tele2 AB Return-on-Tangible-Equity Related Terms
Tele2 AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tele2 AB'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.
TLTZF vs TMUS, VZ, T: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, Tele2 AB'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.
Tele2 AB Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Tele2 AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tele2 AB'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 Negative Tangible Equity% mean?
Tele2 AB (TLTZF) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Tele2 AB and its competitors. According to the industry distribution chart, Tele2 AB ranks #1 out of 327 companies in the Telecommunication Services industry, placing it in the top 0.3%.
Is Tele2 AB's Return-on-Tangible-Equity too high?
Tele2 AB's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Tele2 AB ranks #1 out of 327 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Tele2 AB has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tele2 AB's Return-on-Tangible-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Tele2 AB ranks #1 out of 327 companies for Return-on-Tangible-Equity. This places Tele2 AB in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 13.99. 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. 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 Tele2 AB 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. Tele2 AB's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tele2 AB stock overvalued right now?
Based on GuruFocus' analysis, Tele2 AB (TLTZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.17, compared to a current price of $17.43 — trading 43.2% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Tele2 AB's overall GF Score™ is 68/100 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 Tele2 AB (TLTZF), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Tele2 AB (TLTZF) Overvalued in 2026?
Based on GuruFocus' analysis, Tele2 AB stock appears to be overvalued.
The current stock price of $17.43 is trading 43.2% above its estimated GF Value™ of $12.17.
GuruFocus considers Tele2 AB to be Significantly Overvalued.
No single metric tells the full story. See the TLTZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tele2 is the second-largest telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. Tele2 is a well-managed firm, showing good cost discipline and a healthy dividend policy, which we expect will remain.
68GF Score
Get the complete analysis for TLTZF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TLTZF has been successfully added to your 
