Ginebran MiguelPHS:GSMI -3.80%87 Return-on-Tangible-Asset is 24.69% as of Mar. 2026, which is 20% above its 10-year median of 20.52. GuruFocus rates PHS:GSMI with a GF Score™ of 87/100 and a GF Value™ of ₱296.53 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 214 Beverages - Alcoholic companies, Ginebran Miguel ranks better than 97.2% 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. Ginebran Miguel's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱9,167 Mil. Ginebran Miguel's average total tangible assets for the quarter that ended in Mar. 2026 was ₱37,123 Mil. Therefore, Ginebran Miguel's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 24.69%.
The historical rank and industry rank for Ginebran Miguel's Return-on-Tangible-Asset or its related term are showing as below:
PHS:GSMI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.37 Med: 20.52 Max: 28.72
Current: 24.89
During the past 13 years, Ginebran Miguel's highest Return-on-Tangible-Asset was 28.72%. The lowest was 2.37%. And the median was 20.52%.
PHS:GSMI's Return-on-Tangible-Asset is ranked better than 97.2% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 3.085
vs PHS:GSMI: 24.89
Ginebran Miguel (PHS:GSMI) 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.
Ginebran Miguel Return-on-Tangible-Asset Related Terms
Ginebran Miguel Return-on-Tangible-Asset Historical Data
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The historical data trend for Ginebran Miguel'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:GSMI vs BF.B: Return-on-Tangible-Asset Comparison
For the Beverages - Wineries & Distilleries subindustry, Ginebran Miguel'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.
Ginebran Miguel Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Ginebran Miguel's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ginebran Miguel'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 24.69% mean?
Ginebran Miguel (PHS:GSMI) has a Return-on-Tangible-Asset of 24.69% 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 Ginebran Miguel and its competitors. This is 20% above median its historical median of 20.52. Over the past decade, Ginebran Miguel's Return-on-Tangible-Asset has ranged from 2.37 to 28.72. According to the industry distribution chart, Ginebran Miguel ranks #6 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 2.8%.
Is Ginebran Miguel's Return-on-Tangible-Asset too high?
Ginebran Miguel's current Return-on-Tangible-Asset of 24.69% is 20% above median its 10-year median of 20.52. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 28.72. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.09. Ginebran Miguel's value of 24.69% is 700.3% above this industry median. Based on the distribution chart, Ginebran Miguel ranks #6 out of 214 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Ginebran Miguel has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ginebran Miguel's Return-on-Tangible-Asset compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Ginebran Miguel ranks #6 out of 214 companies for Return-on-Tangible-Asset. This places Ginebran Miguel in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.09. Ginebran Miguel's value of 24.69% is 700.3% above this benchmark. Historically, Ginebran Miguel's own Return-on-Tangible-Asset has ranged from 2.37 to 28.72 over the past decade. While the company's 10-year median is 20.52 vs. the industry median of 3.09, Ginebran Miguel 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. Ginebran Miguel's current Return-on-Tangible-Asset of 24.69% is 700.3% 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 Ginebran Miguel 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. Ginebran Miguel's current Return-on-Tangible-Asset is 24.69%, which is 20% above median its own 10-year median of 20.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ginebran Miguel stock overvalued right now?
Based on GuruFocus' analysis, Ginebran Miguel (PHS:GSMI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱296.53, compared to a current price of ₱253.00 — trading 14.7% below its estimated fair value. The current Return-on-Tangible-Asset is 24.69%, which is 20% above median its 10-year median of 20.52 and 700.3% above the Beverages - Alcoholic industry median of 3.09. Ginebran Miguel's overall GF Score™ is 87/100 with 1 warning sign 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 Ginebran Miguel (PHS:GSMI), the current Return-on-Tangible-Asset is 24.69% 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 Ginebran Miguel (PHS:GSMI) Overvalued in 2026?
Based on GuruFocus' analysis, Ginebran Miguel stock appears to be undervalued.
The current stock price of ₱253.00 is trading 14.7% below its estimated GF Value™ of ₱296.53.
GuruFocus considers Ginebran Miguel to be Modestly Undervalued.
Key valuation signals for PHS:GSMI:
Return-on-Tangible-Asset: 24.69% (20% above median its 10-year median of 20.52)
GF Value™: ₱296.53 vs. price of ₱253.00 (14.7% below fair value)
Industry Position: 700.3% above the Beverages - Alcoholic median (#6 of 214)
No single metric tells the full story. See the PHS:GSMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ginebra San Miguel Inc manufactures and sells alcoholic beverages in the Philippines. It offers alcoholic beverages, under the following brand names: Ginebra San Miguel gin, GSM Blue, GSM Blue Flavors, Ginebra San Miguel Premium Gin, Antonov Vodka, Primera Light Brandy, Vino Kulafu, and Antonov vodka.
87GF Score
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