Primary Health PropertiesPHPRF 62 Return-on-Tangible-Asset is 2.67% as of Dec. 2025, which is 17% below its 10-year median of 3.22. GuruFocus rates PHPRF with a GF Scoreâ„¢ of 62/100 and a GF Valueâ„¢ of $3.31 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 940 REITs companies, Primary Health Properties ranks worse than 52.77% 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. Primary Health Properties's annualizedNet Income for the quarter that ended in Dec. 2025 was $159.6 Mil. Primary Health Properties's average total tangible assets for the quarter that ended in Dec. 2025 was $5,980.9 Mil. Therefore, Primary Health Properties's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.67%.
The historical rank and industry rank for Primary Health Properties's Return-on-Tangible-Asset or its related term are showing as below:
PHPRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.49 Med: 3.22 Max: 7.07
Current: 3.06
During the past 13 years, Primary Health Properties's highest Return-on-Tangible-Asset was 7.07%. The lowest was -3.49%. And the median was 3.22%.
PHPRF's Return-on-Tangible-Asset is ranked worse than 52.77% of 940
companies
in the REITs industry
Industry Median: 3.235
vs PHPRF: 3.06
Primary Health Properties (OTCPK:PHPRF) 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 companyÂ’s 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 companyÂ’s 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.
Primary Health Properties Return-on-Tangible-Asset Related Terms
Primary Health Properties Return-on-Tangible-Asset Historical Data
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The historical data trend for Primary Health Properties'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.
Primary Health Properties Return-on-Tangible-Asset Chart
PHPRF vs WELL, VTR, DOC: Return-on-Tangible-Asset Comparison
For the REIT - Healthcare Facilities subindustry, Primary Health Properties'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.
Primary Health Properties Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Primary Health Properties's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Primary Health Properties'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 2.67% mean?
Primary Health Properties (PHPRF) has a Return-on-Tangible-Asset of 2.67% 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 Primary Health Properties and its competitors. This is 17% below median its historical median of 3.22. According to the industry distribution chart, Primary Health Properties ranks #496 out of 940 companies in the REITs industry, placing it in the top 52.8%.
Is Primary Health Properties' Return-on-Tangible-Asset too high?
Primary Health Properties' current Return-on-Tangible-Asset of 2.67% is 17% below median its 10-year median of 3.22. The REITs industry median Return-on-Tangible-Asset is 3.24. Primary Health Properties' value of 2.67% is 17.5% below this industry median. Based on the distribution chart, Primary Health Properties ranks #496 out of 940 companies in the REITs industry, which is below the industry midpoint. Overall, Primary Health Properties has a GF Scoreâ„¢ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Primary Health Properties' Return-on-Tangible-Asset compare to WELL and VTR?
According to the REITs industry distribution chart, Primary Health Properties ranks #496 out of 940 companies for Return-on-Tangible-Asset. This places Primary Health Properties in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Primary Health Properties' value of 2.67% is 17.5% below this benchmark. While the company's 10-year median is 3.22 vs. the industry median of 3.24, Primary Health Properties 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.24, based on 940 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. Primary Health Properties's current Return-on-Tangible-Asset of 2.67% is 17.5% 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 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 Primary Health Properties and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primary Health Properties's current Return-on-Tangible-Asset is 2.67%, which is 17% below median its own 10-year median of 3.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primary Health Properties stock overvalued right now?
Based on GuruFocus' analysis, Primary Health Properties (PHPRF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.31, compared to a current price of $1.27 — trading 61.6% below its estimated fair value. The current Return-on-Tangible-Asset is 2.67%, which is 17% below median its 10-year median of 3.22 and 17.5% below the REITs industry median of 3.24. Primary Health Properties' overall GF Score™ is 62/100 with 5 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 Primary Health Properties (PHPRF), the current Return-on-Tangible-Asset is 2.67% 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 Primary Health Properties (PHPRF) Overvalued in 2026?
Based on GuruFocus' analysis, Primary Health Properties stock appears to be undervalued.
The current stock price of $1.27 is trading 61.6% below its estimated GF Value™ of $3.31.
GuruFocus considers Primary Health Properties to be Possible Value Trap.
Key valuation signals for PHPRF:
Return-on-Tangible-Asset: 2.67% (17% below median its 10-year median of 3.22)
GF Value™: $3.31 vs. price of $1.27 (61.6% below fair value)
Industry Position: 17.5% below the REITs median (#496 of 940)
No single metric tells the full story. See the PHPRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Primary Health Properties PLC is a UK-based real estate investment trust. The company is engaged in making investments in integrated healthcare properties. Its services include Acquisition and development, Property management, Landlord and tenant, Asset management, and Finance. It seeks the generation of rental income and capital growth through investment in primary healthcare property in the United Kingdom and Ireland. It receives rental income on property investments.
62GF Score
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