VEONVEON -0.37%77 ROA % is 4.21% as of Mar. 2026, which is 11% above its 10-year median of 3.80. GuruFocus rates VEON with a GF Score™ of 77/100 and a GF Value™ of $40.08 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 372 Telecommunication Services companies, VEON ranks better than 71.77% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. VEON's annualizedNet Income for the quarter that ended in Mar. 2026 was $396 Mil.
VEON's average Total Assets over the quarter that ended in Mar. 2026 was $9,409 Mil. Therefore, VEON's annualized ROA % for the quarter that ended in Mar. 2026 was 4.21%.
The historical rank and industry rank for VEON's ROA % or its related term are showing as below:
VEON'
s ROA % Range Over the Past 10 Years
Min: -21.7 Med: 3.8 Max: 8.46
Current: 6.15
During the past 13 years, VEON's highest ROA % was 8.46%. The lowest was -21.70%. And the median was 3.80%.
VEON's ROA % is ranked better than 71.77% of 372
companies
in the Telecommunication Services industry
Industry Median: 2.745
vs VEON: 6.15
VEON (NAS:VEON) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
VEON ROA % Related Terms
VEON ROA % Historical Data
* Premium members only.
The historical data trend for VEON's ROA % 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.
For the Telecom Services subindustry, VEON's ROA %, along with its competitors' market caps and ROA % 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.
VEON ROA % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, VEON's ROA % distribution charts can be found below:
* The bar in red indicates where VEON's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
VEON (VEON) has a ROA % of 4.21% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on VEON and its competitors. This is 11% above median its historical median of 3.80. According to the industry distribution chart, VEON ranks #105 out of 372 companies in the Telecommunication Services industry, placing it in the top 28.2%.
Is VEON's ROA % too high?
VEON's current ROA % of 4.21% is 11% above median its 10-year median of 3.80. The Telecommunication Services industry median ROA % is 2.75. VEON's value of 4.21% is 53.4% above this industry median. Based on the distribution chart, VEON ranks #105 out of 372 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, VEON has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VEON's ROA % compare to LBTYA and AD?
According to the Telecommunication Services industry distribution chart, VEON ranks #105 out of 372 companies for ROA %. This puts VEON in the upper half of its industry. The industry median ROA % is 2.75. VEON's value of 4.21% is 53.4% above this benchmark. While the company's 10-year median is 3.80 vs. the industry median of 2.75, VEON 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 ROA % for a Telecommunication Services company?
The median ROA % among Telecommunication Services companies is 2.75, based on 372 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VEON's current ROA % of 4.21% is 53.4% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on VEON and its competitors. For the Telecommunication Services industry, the median ROA % is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VEON's current ROA % is 4.21%, which is 11% above median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VEON stock overvalued right now?
Based on GuruFocus' analysis, VEON (VEON) is currently considered Modestly Overvalued. The stock's GF Value™ is $40.08, compared to a current price of $51.65 — trading 28.9% above its estimated fair value. The current ROA % is 4.21%, which is 11% above median its 10-year median of 3.80 and 53.4% above the Telecommunication Services industry median of 2.75. VEON's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For VEON (VEON), the current ROA % is 4.21% 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 VEON (VEON) Overvalued in 2026?
Based on GuruFocus' analysis, VEON stock appears to be overvalued.
The current stock price of $51.65 is trading 28.9% above its estimated GF Value™ of $40.08.
GuruFocus considers VEON to be Modestly Overvalued.
Key valuation signals for VEON:
ROA %: 4.21% (11% above median its 10-year median of 3.80)
GF Value™: $40.08 vs. price of $51.65 (28.9% above fair value)
Industry Position: 53.4% above the Telecommunication Services median (#105 of 372)
No single metric tells the full story. See the VEON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporations and individuals. The company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. The company's reportable segments consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. It provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands. It generates the majority of its revenue from Pakistan. Its telecommunications and digital services include voice, fixed broadband, data and cloud services.
77GF Score
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