Global Ferronickel HoldingsPHS:FNI -3.33%77 Return-on-Tangible-Asset is 11.02% as of Mar. 2026, which is 28% above its 10-year median of 8.59. GuruFocus rates PHS:FNI with a GF Score™ of 77/100 and a GF Value™ of ₱1.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,657 Metals & Mining companies, Global Ferronickel Holdings ranks better than 88.45% 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. Global Ferronickel Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱1,912 Mil. Global Ferronickel Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was ₱17,344 Mil. Therefore, Global Ferronickel Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.02%.
The historical rank and industry rank for Global Ferronickel Holdings's Return-on-Tangible-Asset or its related term are showing as below:
PHS:FNI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.41 Med: 8.59 Max: 16.83
Current: 9.91
During the past 13 years, Global Ferronickel Holdings's highest Return-on-Tangible-Asset was 16.83%. The lowest was 0.41%. And the median was 8.59%.
PHS:FNI's Return-on-Tangible-Asset is ranked better than 88.45% of 2657
companies
in the Metals & Mining industry
Industry Median: -17.43
vs PHS:FNI: 9.91
Global Ferronickel Holdings (PHS:FNI) 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.
Global Ferronickel Holdings Return-on-Tangible-Asset Related Terms
Global Ferronickel Holdings Return-on-Tangible-Asset 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.
Global Ferronickel Holdings Return-on-Tangible-Asset Chart
Global Ferronickel Holdings Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Global Ferronickel 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.
Global Ferronickel Holdings Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Global Ferronickel Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Global Ferronickel 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 11.02% mean?
Global Ferronickel Holdings (PHS:FNI) has a Return-on-Tangible-Asset of 11.02% 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 Global Ferronickel Holdings and its competitors. This is 28% above median its historical median of 8.59. Over the past decade, Global Ferronickel Holdings' Return-on-Tangible-Asset has ranged from 0.41 to 16.83. According to the industry distribution chart, Global Ferronickel Holdings ranks #307 out of 2657 companies in the Metals & Mining industry, placing it in the top 11.6%.
Is Global Ferronickel Holdings' Return-on-Tangible-Asset too high?
Global Ferronickel Holdings' current Return-on-Tangible-Asset of 11.02% is 28% above median its 10-year median of 8.59. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 16.83. Based on the distribution chart, Global Ferronickel Holdings ranks #307 out of 2657 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Global Ferronickel Holdings has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Ferronickel Holdings' Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Global Ferronickel Holdings ranks #307 out of 2657 companies for Return-on-Tangible-Asset. This places Global Ferronickel Holdings in the top 12% of its industry — outperforming the majority of peers. Historically, Global Ferronickel Holdings' own Return-on-Tangible-Asset has ranged from 0.41 to 16.83 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Global Ferronickel Holdings and its competitors. Global Ferronickel Holdings's current Return-on-Tangible-Asset is 11.02%, which is 28% above median its own 10-year median of 8.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Ferronickel Holdings stock overvalued right now?
Based on GuruFocus' analysis, Global Ferronickel Holdings (PHS:FNI) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.73, compared to a current price of ₱1.74 — trading 0.6% above its estimated fair value. The current Return-on-Tangible-Asset is 11.02%, which is 28% above median its 10-year median of 8.59. Global Ferronickel Holdings' overall GF Score™ is 77/100 with 4 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 Global Ferronickel Holdings (PHS:FNI), the current Return-on-Tangible-Asset is 11.02% 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 Global Ferronickel Holdings (PHS:FNI) Overvalued in 2026?
Based on GuruFocus' analysis, Global Ferronickel Holdings stock appears to be overvalued.
The current stock price of ₱1.74 is trading 0.6% above its estimated GF Value™ of ₱1.73.
GuruFocus considers Global Ferronickel Holdings to be Fairly Valued.
Key valuation signals for PHS:FNI:
Return-on-Tangible-Asset: 11.02% (28% above median its 10-year median of 8.59)
GF Value™: ₱1.73 vs. price of ₱1.74 (0.6% above fair value)
No single metric tells the full story. See the PHS:FNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing, and Services. The company generates maximum revenue from the Mining segment. The mining segment is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.
77GF Score
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