Pal HoldingsPHS:PAL -0.74%58 Return-on-Tangible-Asset is 6.99% as of Mar. 2026, which is 139% above its 10-year median of 2.92. GuruFocus rates PHS:PAL with a GF Score™ of 58/100 and a GF Value™ of ₱2.74 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,006 Transportation companies, Pal Holdings ranks better than 54.08% 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. Pal Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱17,138 Mil. Pal Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was ₱245,280 Mil. Therefore, Pal Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.99%.
The historical rank and industry rank for Pal Holdings's Return-on-Tangible-Asset or its related term are showing as below:
PHS:PAL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -26.32 Med: 2.92 Max: 28.02
Current: 4.2
During the past 13 years, Pal Holdings's highest Return-on-Tangible-Asset was 28.02%. The lowest was -26.32%. And the median was 2.92%.
PHS:PAL's Return-on-Tangible-Asset is ranked better than 54.08% of 1006
companies
in the Transportation industry
Industry Median: 3.755
vs PHS:PAL: 4.20
Pal Holdings (PHS:PAL) 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.
Pal Holdings Return-on-Tangible-Asset Related Terms
Pal Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pal 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:PAL vs DAL, UAL, LUV: Return-on-Tangible-Asset Comparison
For the Airlines subindustry, Pal 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.
Pal Holdings Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Pal Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pal 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 6.99% mean?
Pal Holdings (PHS:PAL) has a Return-on-Tangible-Asset of 6.99% 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 Pal Holdings and its competitors. This is 139% above median its historical median of 2.92. According to the industry distribution chart, Pal Holdings ranks #462 out of 1006 companies in the Transportation industry, placing it in the top 45.9%.
Is Pal Holdings' Return-on-Tangible-Asset too high?
Pal Holdings' current Return-on-Tangible-Asset of 6.99% is 139% above median its 10-year median of 2.92. The Transportation industry median Return-on-Tangible-Asset is 3.76. Pal Holdings' value of 6.99% is 86.2% above this industry median. Based on the distribution chart, Pal Holdings ranks #462 out of 1006 companies in the Transportation industry, which is above the industry midpoint. Overall, Pal Holdings has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pal Holdings' Return-on-Tangible-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Pal Holdings ranks #462 out of 1006 companies for Return-on-Tangible-Asset. This puts Pal Holdings in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.76. Pal Holdings' value of 6.99% is 86.2% above this benchmark. While the company's 10-year median is 2.92 vs. the industry median of 3.76, Pal 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.76, based on 1,006 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. Pal Holdings's current Return-on-Tangible-Asset of 6.99% is 86.2% 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 Pal Holdings and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pal Holdings's current Return-on-Tangible-Asset is 6.99%, which is 139% above median its own 10-year median of 2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pal Holdings stock overvalued right now?
Based on GuruFocus' analysis, Pal Holdings (PHS:PAL) is currently considered Fairly Valued. The stock's GF Value™ is ₱2.74, compared to a current price of ₱2.67 — trading 2.6% below its estimated fair value. The current Return-on-Tangible-Asset is 6.99%, which is 139% above median its 10-year median of 2.92 and 86.2% above the Transportation industry median of 3.76. Pal Holdings' overall GF Score™ is 58/100 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 Pal Holdings (PHS:PAL), the current Return-on-Tangible-Asset is 6.99% 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 Pal Holdings (PHS:PAL) Overvalued in 2026?
Based on GuruFocus' analysis, Pal Holdings stock appears to be undervalued.
The current stock price of ₱2.67 is trading 2.6% below its estimated GF Value™ of ₱2.74.
GuruFocus considers Pal Holdings to be Fairly Valued.
Key valuation signals for PHS:PAL:
Return-on-Tangible-Asset: 6.99% (139% above median its 10-year median of 2.92)
GF Value™: ₱2.74 vs. price of ₱2.67 (2.6% below fair value)
Industry Position: 86.2% above the Transportation median (#462 of 1006)
No single metric tells the full story. See the PHS:PAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pal Holdings Inc through its subsidiaries, is engaged in air transport of passengers and cargo within the Philippines and between the Philippines and several international destinations. Its revenues are mainly derived from rendering transportation services, and all sales are made to external customers.
58GF Score
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