PHS:NRCP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.98 Max: 3.81
Current: 3.62
During the past 13 years, National Reinsurance of the Philippines's highest Return-on-Tangible-Asset was 3.81%. The lowest was 0.20%. And the median was 0.98%.
PHS:NRCP's Return-on-Tangible-Asset is ranked better than 62.08% of 509
companies
in the Insurance industry
Industry Median: 2.74
vs PHS:NRCP: 3.62
National Reinsurance of the Philippines (PHS:NRCP) 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.
National Reinsurance of the Philippines Return-on-Tangible-Asset Related Terms
National Reinsurance of the Philippines Return-on-Tangible-Asset Historical Data
* 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.
National Reinsurance of the Philippines Return-on-Tangible-Asset Chart
National Reinsurance of the Philippines Annual Data
PHS:NRCP vs RGA, EG, RNR: Return-on-Tangible-Asset Comparison
For the Insurance - Reinsurance subindustry, National Reinsurance of the Philippines'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.
National Reinsurance of the Philippines Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, National Reinsurance of the Philippines's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where National Reinsurance of the Philippines'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 3.05% mean?
National Reinsurance of the Philippines (PHS:NRCP) has a Return-on-Tangible-Asset of 3.05% 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 National Reinsurance of the Philippines and its competitors. This is 211% above median its historical median of 0.98. Over the past decade, National Reinsurance of the Philippines' Return-on-Tangible-Asset has ranged from 0.20 to 3.81. According to the industry distribution chart, National Reinsurance of the Philippines ranks #193 out of 509 companies in the Insurance industry, placing it in the top 37.9%.
Is National Reinsurance of the Philippines' Return-on-Tangible-Asset too high?
National Reinsurance of the Philippines' current Return-on-Tangible-Asset of 3.05% is 211% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 3.81. The Insurance industry median Return-on-Tangible-Asset is 2.74. National Reinsurance of the Philippines' value of 3.05% is 11.3% above this industry median. Based on the distribution chart, National Reinsurance of the Philippines ranks #193 out of 509 companies in the Insurance industry, which is above the industry midpoint. Overall, National Reinsurance of the Philippines has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Reinsurance of the Philippines' Return-on-Tangible-Asset compare to RGA and EG?
According to the Insurance industry distribution chart, National Reinsurance of the Philippines ranks #193 out of 509 companies for Return-on-Tangible-Asset. This puts National Reinsurance of the Philippines in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.74. National Reinsurance of the Philippines' value of 3.05% is 11.3% above this benchmark. Historically, National Reinsurance of the Philippines' own Return-on-Tangible-Asset has ranged from 0.20 to 3.81 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 2.74, National Reinsurance of the Philippines 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.74, based on 509 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. National Reinsurance of the Philippines's current Return-on-Tangible-Asset of 3.05% is 11.3% 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 National Reinsurance of the Philippines and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Reinsurance of the Philippines's current Return-on-Tangible-Asset is 3.05%, which is 211% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Reinsurance of the Philippines stock overvalued right now?
Based on GuruFocus' analysis, National Reinsurance of the Philippines (PHS:NRCP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.61, compared to a current price of ₱0.94 — trading 54.1% above its estimated fair value. The current Return-on-Tangible-Asset is 3.05%, which is 211% above median its 10-year median of 0.98 and 11.3% above the Insurance industry median of 2.74. National Reinsurance of the Philippines' overall GF Score™ is 43/100 with 2 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 National Reinsurance of the Philippines (PHS:NRCP), the current Return-on-Tangible-Asset is 3.05% 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 National Reinsurance of the Philippines (PHS:NRCP) Overvalued in 2026?
Based on GuruFocus' analysis, National Reinsurance of the Philippines stock appears to be overvalued.
The current stock price of ₱0.94 is trading 54.1% above its estimated GF Value™ of ₱0.61.
GuruFocus considers National Reinsurance of the Philippines to be Significantly Overvalued.
Key valuation signals for PHS:NRCP:
Return-on-Tangible-Asset: 3.05% (211% above median its 10-year median of 0.98)
GF Value™: ₱0.61 vs. price of ₱0.94 (54.1% above fair value)
Industry Position: 11.3% above the Insurance median (#193 of 509)
No single metric tells the full story. See the PHS:NRCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Reinsurance of the Philippines Business Description
National Reinsurance Corp of the Philippines engages in the provision of reinsurance products and services. It operates through the following businesses: life and non-life. The Life Business includes proportional insurance for individual, ordinary, and group businesses, as well as non-proportional insurance for catastrophe, an excess of loss, and stop loss. Non-Life Business provides insurance on fire, aviation, marine and aviation, casualty, motor, and others.
43GF Score
Get the complete analysis for PHS:NRCP
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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