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Nickel AsiaPHS:NIKL 90 Return-on-Tangible-Asset is 2.19% as of Mar. 2026, which is 68% below its 10-year median of 6.77. GuruFocus rates PHS:NIKL with a GF Score™ of 90/100 and a GF Value™ of ₱4.87 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,668 Metals & Mining companies, Nickel Asia ranks better than 87.93% 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. Nickel Asia's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱1,487 Mil. Nickel Asia's average total tangible assets for the quarter that ended in Mar. 2026 was ₱67,751 Mil. Therefore, Nickel Asia's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.19%.
The historical rank and industry rank for Nickel Asia's Return-on-Tangible-Asset or its related term are showing as below:
PHS:NIKL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.55 Med: 6.77 Max: 15.65
Current: 9.39
During the past 13 years, Nickel Asia's highest Return-on-Tangible-Asset was 15.65%. The lowest was 2.55%. And the median was 6.77%.
PHS:NIKL's Return-on-Tangible-Asset is ranked better than 87.93% of 2668
companies
in the Metals & Mining industry
Industry Median: -17.41
vs PHS:NIKL: 9.39
Nickel Asia (PHS:NIKL) 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.
Nickel Asia Return-on-Tangible-Asset Related Terms
Nickel Asia Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nickel Asia'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.
Nickel Asia Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.
Nickel Asia Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nickel Asia'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 2.19% mean?
Nickel Asia (PHS:NIKL) has a Return-on-Tangible-Asset of 2.19% 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 Nickel Asia and its competitors. This is 68% below median its historical median of 6.77. Over the past decade, Nickel Asia's Return-on-Tangible-Asset has ranged from 2.55 to 15.65. According to the industry distribution chart, Nickel Asia ranks #322 out of 2668 companies in the Metals & Mining industry, placing it in the top 12.1%.
Is Nickel Asia's Return-on-Tangible-Asset too high?
Nickel Asia's current Return-on-Tangible-Asset of 2.19% is 68% below median its 10-year median of 6.77. Over the past 10 years, this metric has ranged from a low of 2.55 to a high of 15.65. Based on the distribution chart, Nickel Asia ranks #322 out of 2668 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Nickel Asia has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #322 out of 2668 companies for Return-on-Tangible-Asset. This places Nickel Asia in the top 12% of its industry — outperforming the majority of peers. Historically, Nickel Asia's own Return-on-Tangible-Asset has ranged from 2.55 to 15.65 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 Nickel Asia and its competitors. Nickel Asia's current Return-on-Tangible-Asset is 2.19%, which is 68% below median its own 10-year median of 6.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (PHS:NIKL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱4.87, compared to a current price of ₱3.62 — trading 25.7% below its estimated fair value. The current Return-on-Tangible-Asset is 2.19%, which is 68% below median its 10-year median of 6.77. Nickel Asia's overall GF Score™ is 90/100 with 3 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 Nickel Asia (PHS:NIKL), the current Return-on-Tangible-Asset is 2.19% 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 Nickel Asia (PHS:NIKL) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be undervalued.
The current stock price of ₱3.62 is trading 25.7% below its estimated GF Value™ of ₱4.87.
GuruFocus considers Nickel Asia to be Modestly Undervalued.
Key valuation signals for PHS:NIKL:
Return-on-Tangible-Asset: 2.19% (68% below median its 10-year median of 6.77)
GF Value™: ₱4.87 vs. price of ₱3.62 (25.7% below fair value)
No single metric tells the full story. See the PHS:NIKL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
90GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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