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Makedonski Telekom ADXMAE:TEL 73 Return-on-Tangible-Equity is 0.00% as of Mar. 2026. GuruFocus rates XMAE:TEL with a GF Score™ of 73/100 and a GF Value™ of MKD432.91 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 327 Telecommunication Services companies, Makedonski Telekom AD ranks worse than 59.02% 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. Makedonski Telekom AD's annualized net income for the quarter that ended in Mar. 2026 was MKD1,236 Mil. Makedonski Telekom AD's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MKD0 Mil. Therefore, Makedonski Telekom AD's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was N/A%.
The historical rank and industry rank for Makedonski Telekom AD's Return-on-Tangible-Equity or its related term are showing as below:
XMAE:TEL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.89 Med: 13.2 Max: 17.67
Current: 8.74
During the past 13 years, Makedonski Telekom AD's highest Return-on-Tangible-Equity was 17.67%. The lowest was 7.89%. And the median was 13.20%.
XMAE:TEL's Return-on-Tangible-Equity is ranked worse than 59.02% of 327
companies
in the Telecommunication Services industry
Industry Median: 14.05
vs XMAE:TEL: 8.74
Makedonski Telekom AD (XMAE:TEL) 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.
Makedonski Telekom AD Return-on-Tangible-Equity Related Terms
Makedonski Telekom AD Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Makedonski Telekom 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.
Makedonski Telekom AD Return-on-Tangible-Equity Chart
XMAE:TEL vs VZ, TMUS, T: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, Makedonski Telekom 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.
Makedonski Telekom AD Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Makedonski Telekom AD's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Makedonski Telekom AD'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 0.00% mean?
Makedonski Telekom AD (XMAE:TEL) has a Return-on-Tangible-Equity of 0.00% 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 Makedonski Telekom AD and its competitors. Over the past decade, Makedonski Telekom AD's Return-on-Tangible-Equity has ranged from 7.89 to 17.67. According to the industry distribution chart, Makedonski Telekom AD ranks #193 out of 327 companies in the Telecommunication Services industry, placing it in the top 59%.
Is Makedonski Telekom AD's Return-on-Tangible-Equity too high?
Makedonski Telekom AD's current Return-on-Tangible-Equity is 0.00%. Over the past 10 years, this metric has ranged from a low of 7.89 to a high of 17.67. Based on the distribution chart, Makedonski Telekom AD ranks #193 out of 327 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Makedonski Telekom AD has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Makedonski Telekom AD's Return-on-Tangible-Equity compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Makedonski Telekom AD ranks #193 out of 327 companies for Return-on-Tangible-Equity. This places Makedonski Telekom AD in the lower half of its industry. The industry median Return-on-Tangible-Equity is 14.05. Historically, Makedonski Telekom AD's own Return-on-Tangible-Equity has ranged from 7.89 to 17.67 over the past decade. 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 14.05, 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 Makedonski Telekom AD and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 14.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makedonski Telekom AD's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makedonski Telekom AD stock overvalued right now?
Based on GuruFocus' analysis, Makedonski Telekom AD (XMAE:TEL) is currently considered Modestly Overvalued. The stock's GF Value™ is MKD432.91, compared to a current price of MKD495.00 — trading 14.3% above its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. Makedonski Telekom AD's overall GF Score™ is 73/100 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 Makedonski Telekom AD (XMAE:TEL), the current Return-on-Tangible-Equity is 0.00% 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 Makedonski Telekom AD (XMAE:TEL) Overvalued in 2026?
Based on GuruFocus' analysis, Makedonski Telekom AD stock appears to be overvalued.
The current stock price of MKD495.00 is trading 14.3% above its estimated GF Value™ of MKD432.91.
GuruFocus considers Makedonski Telekom AD to be Modestly Overvalued.
Key valuation signals for XMAE:TEL:
Return-on-Tangible-Equity: 0.00%
GF Value™: MKD432.91 vs. price of MKD495.00 (14.3% above fair value)
No single metric tells the full story. See the XMAE:TEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Makedonski Telekom AD offers telecommunications services. Its services include telephone services, internet access services including broadband internet and entertainment IPTV products. The company offers a portfolio for residential and business customers, provided from a single source and focuses on Cloud and ICT solutions in order to provide the best customer experience.
73GF Score
Get the complete analysis for XMAE:TEL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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