Philex MiningPHS:PX +4.65%66 Return-on-Tangible-Asset is -3.96% as of Mar. 2026. GuruFocus rates PHS:PX with a GF Score™ of 66/100 and a GF Value™ of ₱3.24 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,662 Metals & Mining companies, Philex Mining ranks better than 76.22% 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. Philex Mining's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱-2,370 Mil. Philex Mining's average total tangible assets for the quarter that ended in Mar. 2026 was ₱59,811 Mil. Therefore, Philex Mining's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -3.96%.
The historical rank and industry rank for Philex Mining's Return-on-Tangible-Asset or its related term are showing as below:
PHS:PX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.65 Med: 2.75 Max: 6.02
Current: 0.36
During the past 13 years, Philex Mining's highest Return-on-Tangible-Asset was 6.02%. The lowest was -1.65%. And the median was 2.75%.
PHS:PX's Return-on-Tangible-Asset is ranked better than 76.22% of 2662
companies
in the Metals & Mining industry
Industry Median: -17.275
vs PHS:PX: 0.36
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.
Philex Mining Return-on-Tangible-Asset Related Terms
Philex Mining Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Philex Mining'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.
For the Other Industrial Metals & Mining subindustry, Philex Mining'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.
Philex Mining Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Philex Mining's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Philex Mining'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 -3.96% mean?
Philex Mining (PHS:PX) has a Return-on-Tangible-Asset of -3.96% 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 Philex Mining and its competitors. According to the industry distribution chart, Philex Mining ranks #633 out of 2662 companies in the Metals & Mining industry, placing it in the top 23.8%.
Is Philex Mining's Return-on-Tangible-Asset too high?
Philex Mining's current Return-on-Tangible-Asset is -3.96%. Based on the distribution chart, Philex Mining ranks #633 out of 2662 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Philex Mining has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philex Mining's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Philex Mining ranks #633 out of 2662 companies for Return-on-Tangible-Asset. This places Philex Mining in the top 24% of its industry — outperforming the majority of peers. 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 Philex Mining and its competitors. Philex Mining's current Return-on-Tangible-Asset is -3.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philex Mining stock overvalued right now?
Based on GuruFocus' analysis, Philex Mining (PHS:PX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱3.24, compared to a current price of ₱7.20 — trading 122.2% above its estimated fair value. The current Return-on-Tangible-Asset is -3.96%. Philex Mining's overall GF Score™ is 66/100 with 8 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 Philex Mining (PHS:PX), the current Return-on-Tangible-Asset is -3.96% 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 Philex Mining (PHS:PX) Overvalued in 2026?
Based on GuruFocus' analysis, Philex Mining stock appears to be overvalued.
The current stock price of ₱7.20 is trading 122.2% above its estimated GF Value™ of ₱3.24.
GuruFocus considers Philex Mining to be Significantly Overvalued.
Key valuation signals for PHS:PX:
Return-on-Tangible-Asset: -3.96%
GF Value™: ₱3.24 vs. price of ₱7.20 (122.2% above fair value)
No single metric tells the full story. See the PHS:PX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Philex Mining Corporation is engaged in large-scale exploration, development, and utilization of mineral resources. The company mainly operates the Padcal Mine, an underground block cave operation in the Far East, producing copper, gold, and silver concentrates. The other projects in its portfolio are the Silangan Copper and Gold Project, situated in Surigao del Norte, Northeastern Mindanao; the Sibutad Project, in Zamboanga del Norte; and the Bulawan project, in Sipalay City, Philippines. Philex Mining generates maximum revenue from the sale of copper, followed by the sale of gold and silver concentrates. The company operates in two reportable business segments: the mining and metals segment, which generates the maximum revenue, and the energy and hydrocarbon segment.
66GF Score
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