TLTZF (Tele2 AB) ROCE %: 50.77% (As of Mar. 2026)

What is Tele2 AB ROCE %?

Tele2 AB TLTZF 68 ROCE % is 50.77% as of Mar. 2026. GuruFocus rates TLTZF with a GF Score™ of 68/100 and a GF Value™ of $12.53 (Significantly Overvalued). The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tele2 AB's annualized ROCE % for the quarter that ended in Mar. 2026 was 50.77%.

Tele2 AB (OTCPK:TLTZF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tele2 AB ROCE % Related Terms

Tele2 AB ROCE % Historical Data

* Premium members only.

The historical data trend for Tele2 AB's ROCE % 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.

Tele2 AB ROCE % Chart

Tele2 AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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7.15

10.03

10.27

10.98

14.31

Tele2 AB Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															10.79	14.30	14.99	14.13	50.77

68GF Score

Tele2 AB TLTZF

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Tele2 AB ROCE % Calculation

Tele2 AB's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	716.953	/	( ( (5866.363 - 1190.624)	+	(6766.019 - 1419.056) )	/ 2 )
	=	716.953	/	( (4675.739	+	5346.963)	/ 2 )
	=	716.953	/	5011.351
	=	14.31 %

Tele2 AB's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	2965.696	/	( ( (6766.019 - 1419.056)	+	(7505.044 - 1170.201) )	/ 2 )
	=	2965.696	/	( ( 5346.963	+	6334.843 )	/ 2 )
	=	2965.696	/	5840.903
	=	50.77 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 50.77% mean?

Tele2 AB (TLTZF) has a ROCE % of 50.77% as of Mar. 2026.

Is Tele2 AB's ROCE % too high?

Tele2 AB's current ROCE % is 50.77%. The Telecommunication Services industry median ROCE % is 7.72. Tele2 AB's value of 50.77% is 557.6% above this industry median. Overall, Tele2 AB has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Tele2 AB's ROCE % compare to TMUS and VZ?

Tele2 AB's ROCE % of 50.77% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.72. Tele2 AB's value of 50.77% is 557.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Telecommunication Services company?

The median ROCE % among Telecommunication Services companies is 7.72, based on 356 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tele2 AB's current ROCE % of 50.77% is 557.6% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median ROCE % is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tele2 AB's current ROCE % is 50.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tele2 AB stock overvalued right now?

Based on GuruFocus' analysis, Tele2 AB (TLTZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.53, compared to a current price of $17.43 — trading 39.1% above its estimated fair value. The current ROCE % is 50.77% and 557.6% above the Telecommunication Services industry median of 7.72. Tele2 AB's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Tele2 AB (TLTZF), the current ROCE % is 50.77% 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 Tele2 AB (TLTZF) Overvalued in 2026?

Based on GuruFocus' analysis, Tele2 AB stock appears to be overvalued. The current stock price of $17.43 is trading 39.1% above its estimated GF Value™ of $12.53. GuruFocus considers Tele2 AB to be Significantly Overvalued.

Key valuation signals for TLTZF:

ROCE %: 50.77%
GF Value™: $12.53 vs. price of $17.43 (39.1% above fair value)
GF Score™: 68/100 with 2 warning signs
Industry Position: 557.6% above the Telecommunication Services median

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

Tele2 AB Business Description

Industry Communication Services Telecommunication Services

Comparable Companies OSTO:TELIA OSTO:SINCH OSTO:OVZON OSTO:BAHN B OSTO:ELTEL OSTO:TRANS OSTO:TALK XSAT:MYBEAT TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA XZIM:ECO.ZW HKSE:00728 MEX:AMXB TSE:9432

Other Exchanges TLTZY:USA TEL2 B:Sweden TEL2 A:Sweden TEL2Bs:UK 0QE6:UK NCYD:Germany

Address Torshamnsgatan 17, P.O. Box 462, Kista, Stockholm, SWE, 164 40

Website https://www.tele2.com

Tele2 is the second-largest telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. Tele2 is a well-managed firm, showing good cost discipline and a healthy dividend policy, which we expect will remain.

68GF Score

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$17.43

Price

$12.53

GF Value

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