Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
What is Top Frontier Investment Holdings PB Ratio?
Top Frontier Investment HoldingsPHS:TFHI 73 PB Ratio is 0.08 as of Jul. 14, 2026, which is 70% below its 10-year median of 0.27. GuruFocus rates PHS:TFHI with a GF Score™ of 73/100 and a GF Value™ of ₱65.60 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 549 Conglomerates companies, Top Frontier Investment Holdings ranks better than 98.72% on this metric.
PHS:TFHI'
s PB Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.27 Max: 0.83
Current: 0.08
During the past 13 years, Top Frontier Investment Holdings's highest PB Ratio was 0.83. The lowest was 0.08. And the median was 0.27.
PHS:TFHI's PB Ratio is ranked better than 98.72% of 549
companies
in the Conglomerates industry
Industry Median: 1.04
vs PHS:TFHI: 0.08
During the past 12 months, Top Frontier Investment Holdings's average Book Value Per Share Growth Rate was 28.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Top Frontier Investment Holdings was 20.00% per year. The lowest was -3.60% per year. And the median was 5.90% per year.
Back to Basics: PB Ratio
Top Frontier Investment Holdings (PHS:TFHI) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Top Frontier Investment Holdings PB Ratio Related Terms
Top Frontier Investment Holdings PB Ratio Historical 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.
For the Conglomerates subindustry, Top Frontier Investment Holdings's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Top Frontier Investment Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Top Frontier Investment Holdings's PB Ratio falls into.
Top Frontier Investment Holdings PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Top Frontier Investment Holdings (PHS:TFHI) has a PB Ratio of 0.08 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Top Frontier Investment Holdings and its competitors. This is 70% below median its historical median of 0.27. Over the past decade, Top Frontier Investment Holdings' PB Ratio has ranged from 0.08 to 0.83. According to the industry distribution chart, Top Frontier Investment Holdings ranks #7 out of 549 companies in the Conglomerates industry, placing it in the top 1.3%.
Is Top Frontier Investment Holdings' PB Ratio too high?
Top Frontier Investment Holdings' current PB Ratio of 0.08 is 70% below median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.83. The Conglomerates industry median PB Ratio is 1.04. Top Frontier Investment Holdings' value of 0.08 is 92.3% below this industry median. Based on the distribution chart, Top Frontier Investment Holdings ranks #7 out of 549 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Top Frontier Investment Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Top Frontier Investment Holdings' PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Top Frontier Investment Holdings ranks #7 out of 549 companies for PB Ratio. This places Top Frontier Investment Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.04. Top Frontier Investment Holdings' value of 0.08 is 92.3% below this benchmark. Historically, Top Frontier Investment Holdings' own PB Ratio has ranged from 0.08 to 0.83 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 1.04, 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 PB Ratio for a Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.04, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Top Frontier Investment Holdings's current PB Ratio of 0.08 is 92.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Top Frontier Investment Holdings and its competitors. For the Conglomerates industry, the median PB Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Frontier Investment Holdings's current PB Ratio is 0.08, which is 70% below median its own 10-year median of 0.27. 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 PB Ratio is 0.08, which is 70% below median its 10-year median of 0.27 and 92.3% below the Conglomerates industry median of 1.04. Top Frontier Investment Holdings' overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Top Frontier Investment Holdings (PHS:TFHI), the current PB Ratio is 0.08 as of Jul. 14, 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:
PB Ratio: 0.08 (70% below median its 10-year median of 0.27)
GF Value™: ₱65.60 vs. price of ₱53.05 (19.1% below fair value)
Industry Position: 92.3% below the Conglomerates median (#7 of 549)
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
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).
73GF Score
Get the complete analysis for PHS:TFHI
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:TFHI has been successfully added to your 
