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Maynilad Water ServicesPHS:MYNLD -1.22%31 Return-on-Tangible-Asset is 36.04% as of Mar. 2026, which is 1% below its 10-year median of 36.43. GuruFocus rates PHS:MYNLD with a GF Score™ of 31/100. The stock has 4 warning signs investors should review. Among 510 Utilities - Regulated companies, Maynilad Water Services ranks better than 99.02% 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. Maynilad Water Services's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱15,969 Mil. Maynilad Water Services's average total tangible assets for the quarter that ended in Mar. 2026 was ₱44,312 Mil. Therefore, Maynilad Water Services's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 36.04%.
The historical rank and industry rank for Maynilad Water Services's Return-on-Tangible-Asset or its related term are showing as below:
PHS:MYNLD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 27.64 Med: 36.43 Max: 48.58
Current: 47.78
During the past 9 years, Maynilad Water Services's highest Return-on-Tangible-Asset was 48.58%. The lowest was 27.64%. And the median was 36.43%.
PHS:MYNLD's Return-on-Tangible-Asset is ranked better than 99.02% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.305
vs PHS:MYNLD: 47.78
Maynilad Water Services (PHS:MYNLD) 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.
Maynilad Water Services Return-on-Tangible-Asset Related Terms
Maynilad Water Services Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Maynilad Water Services'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.
Maynilad Water Services Return-on-Tangible-Asset Chart
PHS:MYNLD vs AWK, WTRG, AWR: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Water subindustry, Maynilad Water Services'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.
Maynilad Water Services Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Maynilad Water Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Maynilad Water Services'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 36.04% mean?
Maynilad Water Services (PHS:MYNLD) has a Return-on-Tangible-Asset of 36.04% 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 Maynilad Water Services and its competitors. This is near median its historical median of 36.43. Over the past decade, Maynilad Water Services' Return-on-Tangible-Asset has ranged from 27.64 to 48.58. According to the industry distribution chart, Maynilad Water Services ranks #5 out of 510 companies in the Utilities - Regulated industry, placing it in the top 1%.
Is Maynilad Water Services' Return-on-Tangible-Asset too high?
Maynilad Water Services' current Return-on-Tangible-Asset of 36.04% is near median its 10-year median of 36.43. Over the past 10 years, this metric has ranged from a low of 27.64 to a high of 48.58. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.31. Maynilad Water Services' value of 36.04% is 990.5% above this industry median. Based on the distribution chart, Maynilad Water Services ranks #5 out of 510 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Maynilad Water Services has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Maynilad Water Services' Return-on-Tangible-Asset compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Maynilad Water Services ranks #5 out of 510 companies for Return-on-Tangible-Asset. This places Maynilad Water Services in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.31. Maynilad Water Services' value of 36.04% is 990.5% above this benchmark. Historically, Maynilad Water Services' own Return-on-Tangible-Asset has ranged from 27.64 to 48.58 over the past decade. While the company's 10-year median is 36.43 vs. the industry median of 3.31, Maynilad Water Services 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.31, based on 510 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. Maynilad Water Services's current Return-on-Tangible-Asset of 36.04% is 990.5% 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 Maynilad Water Services and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maynilad Water Services's current Return-on-Tangible-Asset is 36.04%, which is near median its own 10-year median of 36.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maynilad Water Services stock overvalued right now?
Maynilad Water Services (PHS:MYNLD) has a current Return-on-Tangible-Asset of 36.04%. The current Return-on-Tangible-Asset is 36.04%, which is near median its 10-year median of 36.43 and 990.5% above the Utilities - Regulated industry median of 3.31. Maynilad Water Services' overall GF Score™ is 31/100 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 Maynilad Water Services (PHS:MYNLD), the current Return-on-Tangible-Asset is 36.04% 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.
Maynilad Water Services Inc is the water and wastewater services provider for the West Zone of the Greater Metro Manila area in the Philippines. It operates under a government concession to manage, operate, and invest in water distribution and sewerage systems, delivering safe, potable water and sanitation services to its customers. The company also offers sewerage connections where available and septic tank cleaning services in other areas, aiming to provide reliable and sustainable water and sanitation solutions.
31GF Score
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