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Makedonski Telekom ADXMAE:TEL -2.55%89 Return-on-Tangible-Equity is 9.50% as of Mar. 2026, which is 33% below its 10-year median of 14.22. GuruFocus rates XMAE:TEL with a GF Score™ of 89/100 and a GF Value™ of MKD448.94 (Fairly Valued). The stock has 7 warning signs investors should review. Among 330 Telecommunication Services companies, Makedonski Telekom AD ranks better than 55.15% 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 MKD13,015 Mil. Therefore, Makedonski Telekom AD's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.50%.
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: 14.22 Max: 20.25
Current: 20.25
During the past 13 years, Makedonski Telekom AD's highest Return-on-Tangible-Equity was 20.25%. The lowest was 7.89%. And the median was 14.22%.
XMAE:TEL's Return-on-Tangible-Equity is ranked better than 55.15% of 330
companies
in the Telecommunication Services industry
Industry Median: 16.375
vs XMAE:TEL: 20.25
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 9.50% mean?
Makedonski Telekom AD (XMAE:TEL) has a Return-on-Tangible-Equity of 9.50% 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. This is 33% below median its historical median of 14.22. Over the past decade, Makedonski Telekom AD's Return-on-Tangible-Equity has ranged from 7.89 to 20.25. According to the industry distribution chart, Makedonski Telekom AD ranks #148 out of 330 companies in the Telecommunication Services industry, placing it in the top 44.8%.
Is Makedonski Telekom AD's Return-on-Tangible-Equity too high?
Makedonski Telekom AD's current Return-on-Tangible-Equity of 9.50% is 33% below median its 10-year median of 14.22. Over the past 10 years, this metric has ranged from a low of 7.89 to a high of 20.25. The Telecommunication Services industry median Return-on-Tangible-Equity is 16.38. Makedonski Telekom AD's value of 9.50% is 42% below this industry median. Based on the distribution chart, Makedonski Telekom AD ranks #148 out of 330 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Makedonski Telekom AD has a GF Score™ of 89/100 and is considered Fairly Valued, 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 #148 out of 330 companies for Return-on-Tangible-Equity. This puts Makedonski Telekom AD in the upper half of its industry. The industry median Return-on-Tangible-Equity is 16.38. Makedonski Telekom AD's value of 9.50% is 42% below this benchmark. Historically, Makedonski Telekom AD's own Return-on-Tangible-Equity has ranged from 7.89 to 20.25 over the past decade. While the company's 10-year median is 14.22 vs. the industry median of 16.38, Makedonski Telekom AD 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 16.38, based on 330 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. Makedonski Telekom AD's current Return-on-Tangible-Equity of 9.50% is 42% 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 Makedonski Telekom AD and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 16.38 — 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 9.50%, which is 33% below median its own 10-year median of 14.22. 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 Fairly Valued. The stock's GF Value™ is MKD448.94, compared to a current price of MKD496.00 — trading 10.5% above its estimated fair value. The current Return-on-Tangible-Equity is 9.50%, which is 33% below median its 10-year median of 14.22 and 42% below the Telecommunication Services industry median of 16.38. Makedonski Telekom AD's overall GF Score™ is 89/100 with 7 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 9.50% 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 MKD496.00 is trading 10.5% above its estimated GF Value™ of MKD448.94.
GuruFocus considers Makedonski Telekom AD to be Fairly Valued.
Key valuation signals for XMAE:TEL:
Return-on-Tangible-Equity: 9.50% (33% below median its 10-year median of 14.22)
GF Value™: MKD448.94 vs. price of MKD496.00 (10.5% above fair value)
Industry Position: 42% below the Telecommunication Services median (#148 of 330)
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.
89GF 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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