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.
Philip Morris CR ASPHPMF 77 Return-on-Tangible-Asset is 16.20% as of Dec. 2025, which is 23% below its 10-year median of 21.02. GuruFocus rates PHPMF with a GF Score™ of 77/100 and a GF Value™ of $852.87. The stock has 10 warning signs investors should review. Among 48 Tobacco Products companies, Philip Morris CR AS ranks better than 66.67% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Philip Morris CR AS's annualizedNet Income for the quarter that ended in Dec. 2025 was $138 Mil. Philip Morris CR AS's average total tangible assets for the quarter that ended in Dec. 2025 was $853 Mil. Therefore, Philip Morris CR AS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 16.20%.
The historical rank and industry rank for Philip Morris CR AS's Return-on-Tangible-Asset or its related term are showing as below:
PHPMF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 17.07 Med: 21.02 Max: 24.86
Current: 17.07
During the past 13 years, Philip Morris CR AS's highest Return-on-Tangible-Asset was 24.86%. The lowest was 17.07%. And the median was 21.02%.
PHPMF's Return-on-Tangible-Asset is ranked better than 66.67% of 48
companies
in the Tobacco Products industry
Industry Median: 9.615
vs PHPMF: 17.07
Philip Morris CR AS (OTCPK:PHPMF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Philip Morris CR AS Return-on-Tangible-Asset Related Terms
Philip Morris CR AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Philip Morris CR AS's Return-on-Tangible-Asset 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.
Philip Morris CR AS Return-on-Tangible-Asset Chart
PHPMF vs PM, MO, TPB: Return-on-Tangible-Asset Comparison
For the Tobacco subindustry, Philip Morris CR AS's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Philip Morris CR AS Return-on-Tangible-Asset vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Philip Morris CR AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Philip Morris CR AS's Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 16.20% mean?
Philip Morris CR AS (PHPMF) has a Return-on-Tangible-Asset of 16.20% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Philip Morris CR AS and its competitors. This is 23% below median its historical median of 21.02. Over the past decade, Philip Morris CR AS's Return-on-Tangible-Asset has ranged from 17.07 to 24.86. According to the industry distribution chart, Philip Morris CR AS ranks #16 out of 48 companies in the Tobacco Products industry, placing it in the top 33.3%.
Is Philip Morris CR AS's Return-on-Tangible-Asset too high?
Philip Morris CR AS's current Return-on-Tangible-Asset of 16.20% is 23% below median its 10-year median of 21.02. Over the past 10 years, this metric has ranged from a low of 17.07 to a high of 24.86. The Tobacco Products industry median Return-on-Tangible-Asset is 9.62. Philip Morris CR AS's value of 16.20% is 68.5% above this industry median. Based on the distribution chart, Philip Morris CR AS ranks #16 out of 48 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, Philip Morris CR AS has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Philip Morris CR AS's Return-on-Tangible-Asset compare to PM and MO?
According to the Tobacco Products industry distribution chart, Philip Morris CR AS ranks #16 out of 48 companies for Return-on-Tangible-Asset. This puts Philip Morris CR AS in the upper half of its industry. The industry median Return-on-Tangible-Asset is 9.62. Philip Morris CR AS's value of 16.20% is 68.5% above this benchmark. Historically, Philip Morris CR AS's own Return-on-Tangible-Asset has ranged from 17.07 to 24.86 over the past decade. While the company's 10-year median is 21.02 vs. the industry median of 9.62, Philip Morris CR AS 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 Return-on-Tangible-Asset for a Tobacco Products company?
The median Return-on-Tangible-Asset among Tobacco Products companies is 9.62, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philip Morris CR AS's current Return-on-Tangible-Asset of 16.20% is 68.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Philip Morris CR AS and its competitors. For the Tobacco Products industry, the median Return-on-Tangible-Asset is 9.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris CR AS's current Return-on-Tangible-Asset is 16.20%, which is 23% below median its own 10-year median of 21.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philip Morris CR AS stock overvalued right now?
Philip Morris CR AS (PHPMF) has a current Return-on-Tangible-Asset of 16.20%. The stock's GF Value™ is $852.87, compared to a current price of $910.00 — trading 6.7% above its estimated fair value. The current Return-on-Tangible-Asset is 16.20%, which is 23% below median its 10-year median of 21.02 and 68.5% above the Tobacco Products industry median of 9.62. Philip Morris CR AS's overall GF Score™ is 77/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Philip Morris CR AS (PHPMF), the current Return-on-Tangible-Asset is 16.20% as of Dec. 2025. 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 Philip Morris CR AS (PHPMF) Overvalued in 2026?
Based on GuruFocus' analysis, Philip Morris CR AS stock appears to be overvalued.
The current stock price of $910.00 is trading 6.7% above its estimated GF Value™ of $852.87.
Key valuation signals for PHPMF:
Return-on-Tangible-Asset: 16.20% (23% below median its 10-year median of 21.02)
GF Value™: $852.87 vs. price of $910.00 (6.7% above fair value)
Industry Position: 68.5% above the Tobacco Products median (#16 of 48)
No single metric tells the full story. See the PHPMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Philip Morris CR AS is a Czech Republic-based company active in the tobacco industry. The company is engaged in the production, sale, distribution, and marketing of tobacco products. The company also distributes smoke-free tobacco products under the HEETS name; and IQOS tobacco heating systems and related accessories, as well as cigarettes. The company provides its tobacco products under the Marlboro, L&M, Philip Morris, Petra Klasik, Sparta, and Chesterfield brands.
77GF Score
Get the complete analysis for PHPMF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHPMF has been successfully added to your 
