Top Frontier Investment Holdings (PHS:TFHI) Gross Margin %: 19.83% (As of Mar. 2026) — Near Median

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PHS:TFHI Top Frontier Investment Holdings Inc PHS:TFHI
76 GF Score
Price ₱53.05
GF Value ₱65.60
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Top Frontier Investment Holdings Gross Margin %?

Top Frontier Investment Holdings PHS:TFHI 76 Gross Margin % is 19.83% as of Mar. 2026, which is 2% above its 10-year median of 19.47. GuruFocus rates PHS:TFHI with a GF Score™ of 76/100 and a GF Value™ of ₱65.60 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 517 Conglomerates companies, Top Frontier Investment Holdings ranks worse than 66.15% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Top Frontier Investment Holdings's Gross Profit for the three months ended in Mar. 2026 was ₱84,986 Mil. Top Frontier Investment Holdings's Revenue for the three months ended in Mar. 2026 was ₱428,506 Mil. Therefore, Top Frontier Investment Holdings's Gross Margin % for the quarter that ended in Mar. 2026 was 19.83%.

Warning Sign:

Top Frontier Investment Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -1.9%.


The historical rank and industry rank for Top Frontier Investment Holdings's Gross Margin % or its related term are showing as below:

PHS:TFHI' s Gross Margin % Range Over the Past 10 Years
Min: 12.67   Med: 19.47   Max: 24.72
Current: 19.41


During the past 13 years, the highest Gross Margin % of Top Frontier Investment Holdings was 24.72%. The lowest was 12.67%. And the median was 19.47%.

PHS:TFHI's Gross Margin % is ranked worse than
66.15% of 517 companies
in the Conglomerates industry
Industry Median: 25.98 vs PHS:TFHI: 19.41

Top Frontier Investment Holdings had a gross margin of 19.83% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Top Frontier Investment Holdings was -1.90% per year.


Top Frontier Investment Holdings  (PHS:TFHI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Top Frontier Investment Holdings had a gross margin of 19.83% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Top Frontier Investment Holdings Gross Margin % Related Terms


Top Frontier Investment Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for Top Frontier Investment Holdings's Gross Margin % 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.

Top Frontier Investment Holdings Gross Margin % Chart

Top Frontier Investment Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.09 12.67 16.40 16.74 19.24

Top Frontier Investment Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.23 18.32 19.96 19.41 19.83

PHS:TFHI vs HON, MMM: Gross Margin % Comparison

For the Conglomerates subindustry, Top Frontier Investment Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.


Top Frontier Investment Holdings Gross Margin % vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Top Frontier Investment Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Top Frontier Investment Holdings's Gross Margin % falls into.


PHS:TFHI
76GF Score
Top Frontier Investment Holdings Inc PHS:TFHI
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Top Frontier Investment Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Top Frontier Investment Holdings's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=286519 / 1488832
=(Revenue - Cost of Goods Sold) / Revenue
=(1488832 - 1202313) / 1488832
=19.24 %

Top Frontier Investment Holdings's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=84986 / 428506
=(Revenue - Cost of Goods Sold) / Revenue
=(428506 - 343520) / 428506
=19.83 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 19.83% mean?
Top Frontier Investment Holdings (PHS:TFHI) has a Gross Margin % of 19.83% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Top Frontier Investment Holdings and its competitors. This is near median its historical median of 19.47. Over the past decade, Top Frontier Investment Holdings' Gross Margin % has ranged from 12.67 to 24.72. According to the industry distribution chart, Top Frontier Investment Holdings ranks #342 out of 517 companies in the Conglomerates industry, placing it in the top 66.2%.
Is Top Frontier Investment Holdings' Gross Margin % too high?
Top Frontier Investment Holdings' current Gross Margin % of 19.83% is near median its 10-year median of 19.47. Over the past 10 years, this metric has ranged from a low of 12.67 to a high of 24.72. The Conglomerates industry median Gross Margin % is 25.98. Top Frontier Investment Holdings' value of 19.83% is 23.7% below this industry median. Based on the distribution chart, Top Frontier Investment Holdings ranks #342 out of 517 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Top Frontier Investment Holdings has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Top Frontier Investment Holdings' Gross Margin % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Top Frontier Investment Holdings ranks #342 out of 517 companies for Gross Margin %. This places Top Frontier Investment Holdings in the lower half of its industry. The industry median Gross Margin % is 25.98. Top Frontier Investment Holdings' value of 19.83% is 23.7% below this benchmark. Historically, Top Frontier Investment Holdings' own Gross Margin % has ranged from 12.67 to 24.72 over the past decade. While the company's 10-year median is 19.47 vs. the industry median of 25.98, Top Frontier Investment Holdings 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 Gross Margin % for a Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.98, based on 517 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Top Frontier Investment Holdings's current Gross Margin % of 19.83% is 23.7% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Top Frontier Investment Holdings and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Frontier Investment Holdings's current Gross Margin % is 19.83%, which is near median its own 10-year median of 19.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Frontier Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Top Frontier Investment Holdings (PHS:TFHI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱65.60, compared to a current price of ₱53.05 — trading 19.1% below its estimated fair value. The current Gross Margin % is 19.83%, which is near median its 10-year median of 19.47 and 23.7% below the Conglomerates industry median of 25.98. Top Frontier Investment Holdings' overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Top Frontier Investment Holdings (PHS:TFHI), the current Gross Margin % is 19.83% 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 Top Frontier Investment Holdings (PHS:TFHI) Overvalued in 2026?

Based on GuruFocus' analysis, Top Frontier Investment Holdings stock appears to be undervalued. The current stock price of ₱53.05 is trading 19.1% below its estimated GF Value™ of ₱65.60. GuruFocus considers Top Frontier Investment Holdings to be Modestly Undervalued.

Key valuation signals for PHS:TFHI:

  • Gross Margin %: 19.83% (near median its 10-year median of 19.47)
  • GF Value™: ₱65.60 vs. price of ₱53.05 (19.1% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 23.7% below the Conglomerates median (#342 of 517)

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


Top Frontier Investment Holdings Business Description

Address No. 399 Sen. Gil J. Puyat Avenue, 5th Floor, ENZO Building, Makati City, PHL, 1200
Top Frontier Investment Holdings Inc is an investment holding company engaged in the processing and marketing of branded refrigerated processed meats and canned meat products. The Company operates through segments including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, real estate, mining, and others. It derives a key revenue from the energy segment, which focuses on the sale, retail, and distribution of power through various supply and service agreements to generators, distribution utilities, including Manila Electric Company (Meralco), electric cooperatives, industrial customers, and the National Grid Corporation of the Philippines (NGCP), as well as through the Philippine Wholesale Electricity Spot Market (WESM).
76GF Score

Get the complete analysis for PHS:TFHI

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱53.05
Price
₱65.60
GF Value