Hrvatski Telekom DDZAG:HT +0.74%100 Return-on-Tangible-Equity is 9.49% as of Mar. 2026, which is 4% above its 10-year median of 9.10. GuruFocus rates ZAG:HT with a GF Score™ of 100/100 and a GF Value™ of €39.84 (Fairly Valued). The stock has 3 warning signs investors should review. Among 327 Telecommunication Services companies, Hrvatski Telekom DD ranks worse than 55.66% 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. Hrvatski Telekom DD's annualized net income for the quarter that ended in Mar. 2026 was €120 Mil. Hrvatski Telekom DD's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €1,261 Mil. Therefore, Hrvatski Telekom DD's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.49%.
The historical rank and industry rank for Hrvatski Telekom DD's Return-on-Tangible-Equity or its related term are showing as below:
ZAG:HT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.55 Med: 9.1 Max: 11.88
Current: 11.88
During the past 13 years, Hrvatski Telekom DD's highest Return-on-Tangible-Equity was 11.88%. The lowest was 5.55%. And the median was 9.10%.
ZAG:HT's Return-on-Tangible-Equity is ranked worse than 55.66% of 327
companies
in the Telecommunication Services industry
Industry Median: 13.99
vs ZAG:HT: 11.88
Hrvatski Telekom DD (ZAG:HT) 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.
Hrvatski Telekom DD Return-on-Tangible-Equity Related Terms
Hrvatski Telekom DD Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hrvatski Telekom DD'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.
Hrvatski Telekom DD Return-on-Tangible-Equity Chart
ZAG:HT vs TMUS, VZ, T: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, Hrvatski Telekom DD'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.
Hrvatski Telekom DD Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Hrvatski Telekom DD's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hrvatski Telekom DD'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 9.49% mean?
Hrvatski Telekom DD (ZAG:HT) has a Return-on-Tangible-Equity of 9.49% 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 Hrvatski Telekom DD and its competitors. This is near median its historical median of 9.10. Over the past decade, Hrvatski Telekom DD's Return-on-Tangible-Equity has ranged from 5.55 to 11.88. According to the industry distribution chart, Hrvatski Telekom DD ranks #182 out of 327 companies in the Telecommunication Services industry, placing it in the top 55.7%.
Is Hrvatski Telekom DD's Return-on-Tangible-Equity too high?
Hrvatski Telekom DD's current Return-on-Tangible-Equity of 9.49% is near median its 10-year median of 9.10. Over the past 10 years, this metric has ranged from a low of 5.55 to a high of 11.88. The Telecommunication Services industry median Return-on-Tangible-Equity is 13.99. Hrvatski Telekom DD's value of 9.49% is 32.2% below this industry median. Based on the distribution chart, Hrvatski Telekom DD ranks #182 out of 327 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Hrvatski Telekom DD has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hrvatski Telekom DD's Return-on-Tangible-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Hrvatski Telekom DD ranks #182 out of 327 companies for Return-on-Tangible-Equity. This places Hrvatski Telekom DD in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.99. Hrvatski Telekom DD's value of 9.49% is 32.2% below this benchmark. Historically, Hrvatski Telekom DD's own Return-on-Tangible-Equity has ranged from 5.55 to 11.88 over the past decade. While the company's 10-year median is 9.10 vs. the industry median of 13.99, Hrvatski Telekom DD 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 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. Hrvatski Telekom DD's current Return-on-Tangible-Equity of 9.49% is 32.2% 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 Hrvatski Telekom DD 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. Hrvatski Telekom DD's current Return-on-Tangible-Equity is 9.49%, which is near median its own 10-year median of 9.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hrvatski Telekom DD stock overvalued right now?
Based on GuruFocus' analysis, Hrvatski Telekom DD (ZAG:HT) is currently considered Fairly Valued. The stock's GF Value™ is €39.84, compared to a current price of €40.80 — trading 2.4% above its estimated fair value. The current Return-on-Tangible-Equity is 9.49%, which is near median its 10-year median of 9.10 and 32.2% below the Telecommunication Services industry median of 13.99. Hrvatski Telekom DD's overall GF Score™ is 100/100 with 3 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 Hrvatski Telekom DD (ZAG:HT), the current Return-on-Tangible-Equity is 9.49% 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 Hrvatski Telekom DD (ZAG:HT) Overvalued in 2026?
Based on GuruFocus' analysis, Hrvatski Telekom DD stock appears to be overvalued.
The current stock price of €40.80 is trading 2.4% above its estimated GF Value™ of €39.84.
GuruFocus considers Hrvatski Telekom DD to be Fairly Valued.
Key valuation signals for ZAG:HT:
Return-on-Tangible-Equity: 9.49% (near median its 10-year median of 9.10)
GF Value™: €39.84 vs. price of €40.80 (2.4% above fair value)
Industry Position: 32.2% below the Telecommunication Services median (#182 of 327)
No single metric tells the full story. See the ZAG:HT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hrvatski Telekom DD is a provider of telecommunication and digital services in the Republic of Croatia. It offers fixed and mobile telephony services as well as wholesale, Internet, and data. The company's business segments are Residential, Business, Other and Crnogorski Telekom. The majority of its revenue is derived from the Residential unit segment that includes marketing, sales, and customer services, focused on providing mobile, fixed-line telecommunications, electricity, and TV distribution and services to residential customers. Geographically, the company generates the majority of its revenue from the Republic of Croatia.
100GF Score
Get the complete analysis for ZAG:HT
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
ZAG:HT has been successfully added to your 
