Telelink Business Services Group AD (XBUL:TBS) Return-on-Tangible-Equity: 31.90% (As of Mar. 2026) — 67% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:TBS Telelink Business Services Group AD XBUL:TBS
79 GF Score
Price €6.30
GF Value €14.23
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Telelink Business Services Group AD Return-on-Tangible-Equity?

Telelink Business Services Group AD XBUL:TBS +1.61% 79 Return-on-Tangible-Equity is 31.90% as of Mar. 2026, which is 67% below its 10-year median of 95.66. GuruFocus rates XBUL:TBS with a GF Score™ of 79/100 and a GF Value™ of €14.23 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 2,486 Software companies, Telelink Business Services Group AD ranks better than 86.52% 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. Telelink Business Services Group AD's annualized net income for the quarter that ended in Mar. 2026 was €4.6 Mil. Telelink Business Services Group AD's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €14.4 Mil. Therefore, Telelink Business Services Group AD's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 31.90%.

The historical rank and industry rank for Telelink Business Services Group AD's Return-on-Tangible-Equity or its related term are showing as below:

XBUL:TBS' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 43.82   Med: 95.66   Max: 273.12
Current: 76.77

During the past 10 years, Telelink Business Services Group AD's highest Return-on-Tangible-Equity was 273.12%. The lowest was 43.82%. And the median was 95.66%.

XBUL:TBS's Return-on-Tangible-Equity is ranked better than
86.52% of 2486 companies
in the Software industry
Industry Median: 9 vs XBUL:TBS: 76.77

Telelink Business Services Group AD  (XBUL:TBS) 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.


Telelink Business Services Group AD Return-on-Tangible-Equity Related Terms


Telelink Business Services Group AD Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Telelink Business Services Group AD'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.

Telelink Business Services Group AD Return-on-Tangible-Equity Chart

Telelink Business Services Group AD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.72 64.94 43.82 48.93 56.40

Telelink Business Services Group AD Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -35.57 80.37 200.34 -5.44 31.90

XBUL:TBS vs IBM, ACN, FISV: Return-on-Tangible-Equity Comparison

For the Information Technology Services subindustry, Telelink Business Services Group AD'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.


Telelink Business Services Group AD Return-on-Tangible-Equity vs Software Industry

For the Software industry and Technology sector, Telelink Business Services Group AD's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Telelink Business Services Group AD's Return-on-Tangible-Equity falls into.


XBUL:TBS
79GF Score
Telelink Business Services Group AD XBUL:TBS
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telelink Business Services Group AD Return-on-Tangible-Equity Calculation

Telelink Business Services Group AD's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=8.212/( (10.864+18.256 )/ 2 )
=8.212/14.56
=56.40 %

Telelink Business Services Group AD's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=4.596/( (18.256+10.557)/ 2 )
=4.596/14.4065
=31.90 %

* 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 31.90% mean?
Telelink Business Services Group AD (XBUL:TBS) has a Return-on-Tangible-Equity of 31.90% 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 Telelink Business Services Group AD and its competitors. This is 67% below median its historical median of 95.66. Over the past decade, Telelink Business Services Group AD's Return-on-Tangible-Equity has ranged from 43.82 to 273.12. According to the industry distribution chart, Telelink Business Services Group AD ranks #335 out of 2486 companies in the Software industry, placing it in the top 13.5%.
Is Telelink Business Services Group AD's Return-on-Tangible-Equity too high?
Telelink Business Services Group AD's current Return-on-Tangible-Equity of 31.90% is 67% below median its 10-year median of 95.66. Over the past 10 years, this metric has ranged from a low of 43.82 to a high of 273.12. The Software industry median Return-on-Tangible-Equity is 9.00. Telelink Business Services Group AD's value of 31.90% is 254.4% above this industry median. Based on the distribution chart, Telelink Business Services Group AD ranks #335 out of 2486 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Telelink Business Services Group AD has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Telelink Business Services Group AD's Return-on-Tangible-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Telelink Business Services Group AD ranks #335 out of 2486 companies for Return-on-Tangible-Equity. This places Telelink Business Services Group AD in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.00. Telelink Business Services Group AD's value of 31.90% is 254.4% above this benchmark. Historically, Telelink Business Services Group AD's own Return-on-Tangible-Equity has ranged from 43.82 to 273.12 over the past decade. While the company's 10-year median is 95.66 vs. the industry median of 9.00, Telelink Business Services Group AD 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 9.00, based on 2,486 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. Telelink Business Services Group AD's current Return-on-Tangible-Equity of 31.90% is 254.4% 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 Telelink Business Services Group AD and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telelink Business Services Group AD's current Return-on-Tangible-Equity is 31.90%, which is 67% below median its own 10-year median of 95.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telelink Business Services Group AD stock overvalued right now?
Based on GuruFocus' analysis, Telelink Business Services Group AD (XBUL:TBS) is currently considered Significantly Undervalued. The stock's GF Value™ is €14.23, compared to a current price of €6.30 — trading 55.7% below its estimated fair value. The current Return-on-Tangible-Equity is 31.90%, which is 67% below median its 10-year median of 95.66 and 254.4% above the Software industry median of 9.00. Telelink Business Services Group AD's overall GF Score™ is 79/100 with 6 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 Telelink Business Services Group AD (XBUL:TBS), the current Return-on-Tangible-Equity is 31.90% 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 Telelink Business Services Group AD (XBUL:TBS) Overvalued in 2026?

Based on GuruFocus' analysis, Telelink Business Services Group AD stock appears to be undervalued. The current stock price of €6.30 is trading 55.7% below its estimated GF Value™ of €14.23. GuruFocus considers Telelink Business Services Group AD to be Significantly Undervalued.

Key valuation signals for XBUL:TBS:

  • Return-on-Tangible-Equity: 31.90% (67% below median its 10-year median of 95.66)
  • GF Value™: €14.23 vs. price of €6.30 (55.7% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 254.4% above the Software median (#335 of 2486)

No single metric tells the full story. See the XBUL:TBS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Telelink Business Services Group AD Business Description

Address 2 Ushlinova Street, Garitage Park, Building 1, Floor 4, Malinova Dolina, Vitosha Region, Sofia, BGR, 1766
Telelink Business Services Group AD provides system integration, connectivity, information security, cloud, and data solutions in the three main market segments: mobile telecommunications service providers, fixed telecommunications service providers, and large and mid-sized public and private organizations. Geographically, the company operates in Bulgaria ,Other European countries and Counties outside Europe.
79GF Score

Get the complete analysis for XBUL:TBS

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.30
Price
€14.23
GF Value