SPC PowerPHS:SPC -0.93%85 Return-on-Tangible-Asset is 9.82% as of Mar. 2026, which is 34% below its 10-year median of 14.89. GuruFocus rates PHS:SPC with a GF Score™ of 85/100 and a GF Value™ of ₱9.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 511 Utilities - Regulated companies, SPC Power ranks better than 96.67% 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. SPC Power's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱1,273 Mil. SPC Power's average total tangible assets for the quarter that ended in Mar. 2026 was ₱12,959 Mil. Therefore, SPC Power's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.82%.
The historical rank and industry rank for SPC Power's Return-on-Tangible-Asset or its related term are showing as below:
PHS:SPC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.72 Med: 14.89 Max: 18.11
Current: 18.11
During the past 13 years, SPC Power's highest Return-on-Tangible-Asset was 18.11%. The lowest was 9.72%. And the median was 14.89%.
PHS:SPC's Return-on-Tangible-Asset is ranked better than 96.67% of 511
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs PHS:SPC: 18.11
SPC Power (PHS:SPC) 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.
SPC Power Return-on-Tangible-Asset Related Terms
SPC Power Return-on-Tangible-Asset Historical Data
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The historical data trend for SPC Power'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:SPC vs NEE, SO, DUK: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Electric subindustry, SPC Power'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.
SPC Power Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SPC Power'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 9.82% mean?
SPC Power (PHS:SPC) has a Return-on-Tangible-Asset of 9.82% 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 SPC Power and its competitors. This is 34% below median its historical median of 14.89. Over the past decade, SPC Power's Return-on-Tangible-Asset has ranged from 9.72 to 18.11. According to the industry distribution chart, SPC Power ranks #17 out of 511 companies in the Utilities - Regulated industry, placing it in the top 3.3%.
Is SPC Power's Return-on-Tangible-Asset too high?
SPC Power's current Return-on-Tangible-Asset of 9.82% is 34% below median its 10-year median of 14.89. Over the past 10 years, this metric has ranged from a low of 9.72 to a high of 18.11. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. SPC Power's value of 9.82% is 197.6% above this industry median. Based on the distribution chart, SPC Power ranks #17 out of 511 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, SPC Power has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's Return-on-Tangible-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #17 out of 511 companies for Return-on-Tangible-Asset. This places SPC Power in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.30. SPC Power's value of 9.82% is 197.6% above this benchmark. Historically, SPC Power's own Return-on-Tangible-Asset has ranged from 9.72 to 18.11 over the past decade. While the company's 10-year median is 14.89 vs. the industry median of 3.30, SPC Power 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 3.30, based on 511 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. SPC Power's current Return-on-Tangible-Asset of 9.82% is 197.6% 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 SPC Power and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPC Power's current Return-on-Tangible-Asset is 9.82%, which is 34% below median its own 10-year median of 14.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPC Power stock overvalued right now?
Based on GuruFocus' analysis, SPC Power (PHS:SPC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱9.26, compared to a current price of ₱10.68 — trading 15.3% above its estimated fair value. The current Return-on-Tangible-Asset is 9.82%, which is 34% below median its 10-year median of 14.89 and 197.6% above the Utilities - Regulated industry median of 3.30. SPC Power's overall GF Score™ is 85/100 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 SPC Power (PHS:SPC), the current Return-on-Tangible-Asset is 9.82% 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 SPC Power (PHS:SPC) Overvalued in 2026?
Based on GuruFocus' analysis, SPC Power stock appears to be overvalued.
The current stock price of ₱10.68 is trading 15.3% above its estimated GF Value™ of ₱9.26.
GuruFocus considers SPC Power to be Modestly Overvalued.
Key valuation signals for PHS:SPC:
Return-on-Tangible-Asset: 9.82% (34% below median its 10-year median of 14.89)
GF Value™: ₱9.26 vs. price of ₱10.68 (15.3% above fair value)
Industry Position: 197.6% above the Utilities - Regulated median (#17 of 511)
No single metric tells the full story. See the PHS:SPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPC Power Corp is managed through two segments: Generation segment which includes generation and supply of power and ancillary services to NPC/PSALM, NGCP, distribution utilities, WESM, and other customers, and Others which includes the operations of SECL, SLCI, CNPC and SMPC such as to manage, operate and invest in power generating plants and related facilities. The majority of revenue is generated from generation segment. It operates and generates revenue principally only in the Philippines.
85GF Score
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