EmperadorPHS:EMI -2.04%85 Return-on-Tangible-Asset is 5.40% as of Mar. 2026, which is 33% below its 10-year median of 8.10. GuruFocus rates PHS:EMI with a GF Score™ of 85/100 and a GF Value™ of ₱16.99 (Fairly Valued). The stock has 7 warning signs investors should review. Among 214 Beverages - Alcoholic companies, Emperador ranks worse than 51.87% 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. Emperador's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱7,735 Mil. Emperador's average total tangible assets for the quarter that ended in Mar. 2026 was ₱143,315 Mil. Therefore, Emperador's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.40%.
The historical rank and industry rank for Emperador's Return-on-Tangible-Asset or its related term are showing as below:
PHS:EMI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.85 Med: 8.1 Max: 10.33
Current: 2.89
During the past 13 years, Emperador's highest Return-on-Tangible-Asset was 10.33%. The lowest was 2.85%. And the median was 8.10%.
PHS:EMI's Return-on-Tangible-Asset is ranked worse than 51.87% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 3.085
vs PHS:EMI: 2.89
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.
Emperador Return-on-Tangible-Asset Related Terms
Emperador Return-on-Tangible-Asset Historical Data
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The historical data trend for Emperador'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:EMI vs BF.B: Return-on-Tangible-Asset Comparison
For the Beverages - Wineries & Distilleries subindustry, Emperador'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.
Emperador Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Emperador's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Emperador'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 5.40% mean?
Emperador (PHS:EMI) has a Return-on-Tangible-Asset of 5.40% 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 Emperador and its competitors. This is 33% below median its historical median of 8.10. Over the past decade, Emperador's Return-on-Tangible-Asset has ranged from 2.85 to 10.33. According to the industry distribution chart, Emperador ranks #111 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 51.9%.
Is Emperador's Return-on-Tangible-Asset too high?
Emperador's current Return-on-Tangible-Asset of 5.40% is 33% below median its 10-year median of 8.10. Over the past 10 years, this metric has ranged from a low of 2.85 to a high of 10.33. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.09. Emperador's value of 5.40% is 75% above this industry median. Based on the distribution chart, Emperador ranks #111 out of 214 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Emperador has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Emperador's Return-on-Tangible-Asset compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Emperador ranks #111 out of 214 companies for Return-on-Tangible-Asset. This places Emperador in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.09. Emperador's value of 5.40% is 75% above this benchmark. Historically, Emperador's own Return-on-Tangible-Asset has ranged from 2.85 to 10.33 over the past decade. While the company's 10-year median is 8.10 vs. the industry median of 3.09, Emperador 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Alcoholic companies is 3.09, based on 214 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. Emperador's current Return-on-Tangible-Asset of 5.40% is 75% 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 Emperador and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emperador's current Return-on-Tangible-Asset is 5.40%, which is 33% below median its own 10-year median of 8.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emperador stock overvalued right now?
Based on GuruFocus' analysis, Emperador (PHS:EMI) is currently considered Fairly Valued. The stock's GF Value™ is ₱16.99, compared to a current price of ₱15.38 — trading 9.5% below its estimated fair value. The current Return-on-Tangible-Asset is 5.40%, which is 33% below median its 10-year median of 8.10 and 75% above the Beverages - Alcoholic industry median of 3.09. Emperador's overall GF Score™ is 85/100 with 7 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 Emperador (PHS:EMI), the current Return-on-Tangible-Asset is 5.40% 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 Emperador (PHS:EMI) Overvalued in 2026?
Based on GuruFocus' analysis, Emperador stock appears to be undervalued.
The current stock price of ₱15.38 is trading 9.5% below its estimated GF Value™ of ₱16.99.
GuruFocus considers Emperador to be Fairly Valued.
Key valuation signals for PHS:EMI:
Return-on-Tangible-Asset: 5.40% (33% below median its 10-year median of 8.10)
GF Value™: ₱16.99 vs. price of ₱15.38 (9.5% below fair value)
Industry Position: 75% above the Beverages - Alcoholic median (#111 of 214)
No single metric tells the full story. See the PHS:EMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emperador Inc manufactures, sells, and distributes spirits and other alcoholic beverages through two main business segments: Brandy and Scotch whiskey. The Brandy segment, which accounts for more than half of the company's total revenue, focuses on sales in the Philippines and Spain. This segment also has a distribution network for its operations, which includes sales offices and distribution outlets throughout the Philippines. The Scotch whiskey business sells in the United Kingdom. Brands that Emperador owns or licenses include The Dalmore, Fundador, Jura, Emperador, Andy Player, Whyte and Mackay, Smirnoff, and BaR. The company produces in the Philippines and Europe.
85GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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