Max's GroupPHS:MAXS 71 Return-on-Tangible-Asset is 2.85% as of Mar. 2026, which is 49% below its 10-year median of 5.57. GuruFocus rates PHS:MAXS with a GF Score™ of 71/100 and a GF Value™ of ₱3.41 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 362 Restaurants companies, Max's Group ranks better than 61.88% 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. Max's Group's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱237 Mil. Max's Group's average total tangible assets for the quarter that ended in Mar. 2026 was ₱8,317 Mil. Therefore, Max's Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.85%.
The historical rank and industry rank for Max's Group's Return-on-Tangible-Asset or its related term are showing as below:
PHS:MAXS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15 Med: 5.57 Max: 9.03
Current: 4.49
During the past 13 years, Max's Group's highest Return-on-Tangible-Asset was 9.03%. The lowest was -15.00%. And the median was 5.57%.
PHS:MAXS's Return-on-Tangible-Asset is ranked better than 61.88% of 362
companies
in the Restaurants industry
Industry Median: 2.39
vs PHS:MAXS: 4.49
Max's Group (PHS:MAXS) 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.
Max's Group Return-on-Tangible-Asset Related Terms
Max's Group Return-on-Tangible-Asset Historical Data
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The historical data trend for Max's Group'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:MAXS vs MCD, SBUX, YUM: Return-on-Tangible-Asset Comparison
For the Restaurants subindustry, Max's Group'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.
Max's Group Return-on-Tangible-Asset vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Max's Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Max's Group'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 2.85% mean?
Max's Group (PHS:MAXS) has a Return-on-Tangible-Asset of 2.85% 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 Max's Group and its competitors. This is 49% below median its historical median of 5.57. According to the industry distribution chart, Max's Group ranks #138 out of 362 companies in the Restaurants industry, placing it in the top 38.1%.
Is Max's Group's Return-on-Tangible-Asset too high?
Max's Group's current Return-on-Tangible-Asset of 2.85% is 49% below median its 10-year median of 5.57. The Restaurants industry median Return-on-Tangible-Asset is 2.39. Max's Group's value of 2.85% is 19.2% above this industry median. Based on the distribution chart, Max's Group ranks #138 out of 362 companies in the Restaurants industry, which is above the industry midpoint. Overall, Max's Group has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Max's Group's Return-on-Tangible-Asset compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Max's Group ranks #138 out of 362 companies for Return-on-Tangible-Asset. This puts Max's Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.39. Max's Group's value of 2.85% is 19.2% above this benchmark. While the company's 10-year median is 5.57 vs. the industry median of 2.39, Max's Group 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 Restaurants company?
The median Return-on-Tangible-Asset among Restaurants companies is 2.39, based on 362 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. Max's Group's current Return-on-Tangible-Asset of 2.85% is 19.2% 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 Max's Group and its competitors. For the Restaurants industry, the median Return-on-Tangible-Asset is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max's Group's current Return-on-Tangible-Asset is 2.85%, which is 49% below median its own 10-year median of 5.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max's Group stock overvalued right now?
Based on GuruFocus' analysis, Max's Group (PHS:MAXS) is currently considered Possible Value Trap. The stock's GF Value™ is ₱3.41, compared to a current price of ₱2.12 — trading 37.8% below its estimated fair value. The current Return-on-Tangible-Asset is 2.85%, which is 49% below median its 10-year median of 5.57 and 19.2% above the Restaurants industry median of 2.39. Max's Group's overall GF Score™ is 71/100 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 Max's Group (PHS:MAXS), the current Return-on-Tangible-Asset is 2.85% 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 Max's Group (PHS:MAXS) Overvalued in 2026?
Based on GuruFocus' analysis, Max's Group stock appears to be undervalued.
The current stock price of ₱2.12 is trading 37.8% below its estimated GF Value™ of ₱3.41.
GuruFocus considers Max's Group to be Possible Value Trap.
Key valuation signals for PHS:MAXS:
Return-on-Tangible-Asset: 2.85% (49% below median its 10-year median of 5.57)
GF Value™: ₱3.41 vs. price of ₱2.12 (37.8% below fair value)
Industry Position: 19.2% above the Restaurants median (#138 of 362)
No single metric tells the full story. See the PHS:MAXS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max's Group Inc is engaged in the business of establishing, operating and maintaining restaurants, coffee shops, refreshments parlors, cocktail lounges and catering food. The company operates under the under the name and styles of Max's Restaurant, Pancake House, Maple, Dencio's, Singkit, Yellow Cab, Teriyaki Boy, Sizzlin' Steak, Max's Corner Bakery, Max's Group Kitchen, Max's All About Chicken, and All About Chicken. It offers a diverse cuisine covering American, Filipino, Japanese, Chinese, and French. The company has three business segments, namely: Food service, Commissary and Support services. It derives maximum revenue from the food services segment, which is involved in the operation and preparation of food products to be sold to company-owned and franchised stores.
71GF Score
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