DMCI HoldingsPHS:DMC +1.37%68 Return-on-Tangible-Asset is 7.01% as of Mar. 2026, which is 16% below its 10-year median of 8.37. GuruFocus rates PHS:DMC with a GF Score™ of 68/100 and a GF Value™ of ₱10.41 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 567 Conglomerates companies, DMCI Holdings ranks better than 70.9% 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. DMCI Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱19,475 Mil. DMCI Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was ₱277,841 Mil. Therefore, DMCI Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.01%.
The historical rank and industry rank for DMCI Holdings's Return-on-Tangible-Asset or its related term are showing as below:
PHS:DMC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.89 Med: 8.37 Max: 13.64
Current: 5.29
During the past 13 years, DMCI Holdings's highest Return-on-Tangible-Asset was 13.64%. The lowest was 2.89%. And the median was 8.37%.
PHS:DMC's Return-on-Tangible-Asset is ranked better than 70.9% of 567
companies
in the Conglomerates industry
Industry Median: 2.69
vs PHS:DMC: 5.29
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.
DMCI Holdings Return-on-Tangible-Asset Related Terms
DMCI Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for DMCI Holdings'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.
PHS:DMC vs HON, MMM: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, DMCI Holdings'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.
DMCI Holdings Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, DMCI Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where DMCI Holdings'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.01% mean?
DMCI Holdings (PHS:DMC) has a Return-on-Tangible-Asset of 7.01% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on DMCI Holdings and its competitors. This is 16% below median its historical median of 8.37. Over the past decade, DMCI Holdings' Return-on-Tangible-Asset has ranged from 2.89 to 13.64. According to the industry distribution chart, DMCI Holdings ranks #165 out of 567 companies in the Conglomerates industry, placing it in the top 29.1%.
Is DMCI Holdings' Return-on-Tangible-Asset too high?
DMCI Holdings' current Return-on-Tangible-Asset of 7.01% is 16% below median its 10-year median of 8.37. Over the past 10 years, this metric has ranged from a low of 2.89 to a high of 13.64. The Conglomerates industry median Return-on-Tangible-Asset is 2.69. DMCI Holdings' value of 7.01% is 160.6% above this industry median. Based on the distribution chart, DMCI Holdings ranks #165 out of 567 companies in the Conglomerates industry, which is above the industry midpoint. Overall, DMCI Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DMCI Holdings' Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, DMCI Holdings ranks #165 out of 567 companies for Return-on-Tangible-Asset. This puts DMCI Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.69. DMCI Holdings' value of 7.01% is 160.6% above this benchmark. Historically, DMCI Holdings' own Return-on-Tangible-Asset has ranged from 2.89 to 13.64 over the past decade. While the company's 10-year median is 8.37 vs. the industry median of 2.69, DMCI Holdings 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.69, based on 567 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. DMCI Holdings's current Return-on-Tangible-Asset of 7.01% is 160.6% 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 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 DMCI Holdings and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DMCI Holdings's current Return-on-Tangible-Asset is 7.01%, which is 16% below median its own 10-year median of 8.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMCI Holdings stock overvalued right now?
Based on GuruFocus' analysis, DMCI Holdings (PHS:DMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱10.41, compared to a current price of ₱7.40 — trading 28.9% below its estimated fair value. The current Return-on-Tangible-Asset is 7.01%, which is 16% below median its 10-year median of 8.37 and 160.6% above the Conglomerates industry median of 2.69. DMCI Holdings' overall GF Score™ is 68/100 with 3 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 DMCI Holdings (PHS:DMC), the current Return-on-Tangible-Asset is 7.01% 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 DMCI Holdings (PHS:DMC) Overvalued in 2026?
Based on GuruFocus' analysis, DMCI Holdings stock appears to be undervalued.
The current stock price of ₱7.40 is trading 28.9% below its estimated GF Value™ of ₱10.41.
GuruFocus considers DMCI Holdings to be Modestly Undervalued.
Key valuation signals for PHS:DMC:
Return-on-Tangible-Asset: 7.01% (16% below median its 10-year median of 8.37)
GF Value™: ₱10.41 vs. price of ₱7.40 (28.9% below fair value)
Industry Position: 160.6% above the Conglomerates median (#165 of 567)
No single metric tells the full story. See the PHS:DMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DMCI Holdings Inc is an engineering conglomerate in the Philippines, operating in construction, real estate, coal mining, nickel mining, power generation, and water distribution businesses. The activities of the company include construction-related businesses such as the production and trading of concrete products, exploration, mining, and development of coal resources, mining and selling nickel ore, residential development, power generation through coal-fired power plants and satellite power plants, water services, and others. It organizes its business into operating segments: construction and others, coal mining, nickel mining, real estate, on-grid power, off-grid power, water, and cement manufacturing. It generates the majority of its revenue from the coal mining segment.
68GF Score
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