Macay HoldingsPHS:MACAY 80 Return-on-Tangible-Asset is 14.94% as of Mar. 2026, which is 315% above its 10-year median of 3.60. GuruFocus rates PHS:MACAY with a GF Score™ of 80/100 and a GF Value™ of ₱7.34 (Modestly Undervalued). Among 115 Beverages - Non-Alcoholic companies, Macay Holdings ranks better than 93.04% 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. Macay Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱586 Mil. Macay Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was ₱3,920 Mil. Therefore, Macay Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.94%.
The historical rank and industry rank for Macay Holdings's Return-on-Tangible-Asset or its related term are showing as below:
PHS:MACAY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.56 Med: 3.6 Max: 23.02
Current: 22.06
During the past 13 years, Macay Holdings's highest Return-on-Tangible-Asset was 23.02%. The lowest was -10.56%. And the median was 3.60%.
PHS:MACAY's Return-on-Tangible-Asset is ranked better than 93.04% of 115
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.84
vs PHS:MACAY: 22.06
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.
Macay Holdings Return-on-Tangible-Asset Related Terms
Macay Holdings Return-on-Tangible-Asset Historical Data
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The historical data trend for Macay 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:MACAY vs KO, PEP, MNST: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, Macay 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.
Macay Holdings Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Macay Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Macay 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 14.94% mean?
Macay Holdings (PHS:MACAY) has a Return-on-Tangible-Asset of 14.94% 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 Macay Holdings and its competitors. This is 315% above median its historical median of 3.60. According to the industry distribution chart, Macay Holdings ranks #8 out of 115 companies in the Beverages - Non-Alcoholic industry, placing it in the top 7%.
Is Macay Holdings' Return-on-Tangible-Asset too high?
Macay Holdings' current Return-on-Tangible-Asset of 14.94% is 315% above median its 10-year median of 3.60. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.84. Macay Holdings' value of 14.94% is 118.4% above this industry median. Based on the distribution chart, Macay Holdings ranks #8 out of 115 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Macay Holdings has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macay Holdings' Return-on-Tangible-Asset compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Macay Holdings ranks #8 out of 115 companies for Return-on-Tangible-Asset. This places Macay Holdings in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 6.84. Macay Holdings' value of 14.94% is 118.4% above this benchmark. While the company's 10-year median is 3.60 vs. the industry median of 6.84, Macay 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 Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Non-Alcoholic companies is 6.84, based on 115 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. Macay Holdings's current Return-on-Tangible-Asset of 14.94% is 118.4% 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 Macay Holdings and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macay Holdings's current Return-on-Tangible-Asset is 14.94%, which is 315% above median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macay Holdings stock overvalued right now?
Based on GuruFocus' analysis, Macay Holdings (PHS:MACAY) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱7.34, compared to a current price of ₱6.11 — trading 16.8% below its estimated fair value. The current Return-on-Tangible-Asset is 14.94%, which is 315% above median its 10-year median of 3.60 and 118.4% above the Beverages - Non-Alcoholic industry median of 6.84. Macay Holdings' overall GF Score™ is 80/100. 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 Macay Holdings (PHS:MACAY), the current Return-on-Tangible-Asset is 14.94% 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 Macay Holdings (PHS:MACAY) Overvalued in 2026?
Based on GuruFocus' analysis, Macay Holdings stock appears to be undervalued.
The current stock price of ₱6.11 is trading 16.8% below its estimated GF Value™ of ₱7.34.
GuruFocus considers Macay Holdings to be Modestly Undervalued.
Key valuation signals for PHS:MACAY:
Return-on-Tangible-Asset: 14.94% (315% above median its 10-year median of 3.60)
GF Value™: ₱7.34 vs. price of ₱6.11 (16.8% below fair value)
Industry Position: 118.4% above the Beverages - Non-Alcoholic median (#8 of 115)
No single metric tells the full story. See the PHS:MACAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macay Holdings Inc Group operates principally in the food and beverage business. The Group is organized into only one operating segment, food and beverage industry, which mainly consists of operations from RC, AEI, NCI, RCGBI and RCCI.
80GF Score
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