Top Line Business DevelopmentPHS:TOP 5 Return-on-Tangible-Asset is 4.81% as of Mar. 2026, which is 30% above its 10-year median of 3.69. GuruFocus rates PHS:TOP with a GF Score™ of 5/100. The stock has 2 warning signs investors should review. Among 1,129 Retail - Cyclical companies, Top Line Business Development ranks better than 51.28% on this metric.
The historical rank and industry rank for Top Line Business Development's Return-on-Tangible-Asset or its related term are showing as below:
PHS:TOP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.96 Med: 3.69 Max: 5.5
Current: 3.08
During the past 5 years, Top Line Business Development's highest Return-on-Tangible-Asset was 5.50%. The lowest was 2.96%. And the median was 3.69%.
PHS:TOP's Return-on-Tangible-Asset is ranked better than 51.28% of 1129
companies
in the Retail - Cyclical industry
Industry Median: 2.94
vs PHS:TOP: 3.08
Top Line Business Development (PHS:TOP) 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.
Top Line Business Development Return-on-Tangible-Asset Related Terms
Top Line Business Development 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.
Top Line Business Development Return-on-Tangible-Asset Chart
PHS:TOP vs CASY, WSM, ULTA: Return-on-Tangible-Asset Comparison
For the Specialty Retail subindustry, Top Line Business Development'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.
Top Line Business Development Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Top Line Business Development's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Top Line Business Development'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 4.81% mean?
Top Line Business Development (PHS:TOP) has a Return-on-Tangible-Asset of 4.81% 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 Top Line Business Development and its competitors. This is 30% above median its historical median of 3.69. Over the past decade, Top Line Business Development's Return-on-Tangible-Asset has ranged from 2.96 to 5.50. According to the industry distribution chart, Top Line Business Development ranks #550 out of 1129 companies in the Retail - Cyclical industry, placing it in the top 48.7%.
Is Top Line Business Development's Return-on-Tangible-Asset too high?
Top Line Business Development's current Return-on-Tangible-Asset of 4.81% is 30% above median its 10-year median of 3.69. Over the past 10 years, this metric has ranged from a low of 2.96 to a high of 5.50. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.94. Top Line Business Development's value of 4.81% is 63.6% above this industry median. Based on the distribution chart, Top Line Business Development ranks #550 out of 1129 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Top Line Business Development has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Top Line Business Development's Return-on-Tangible-Asset compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Top Line Business Development ranks #550 out of 1129 companies for Return-on-Tangible-Asset. This puts Top Line Business Development in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.94. Top Line Business Development's value of 4.81% is 63.6% above this benchmark. Historically, Top Line Business Development's own Return-on-Tangible-Asset has ranged from 2.96 to 5.50 over the past decade. While the company's 10-year median is 3.69 vs. the industry median of 2.94, Top Line Business Development 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.94, based on 1,129 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. Top Line Business Development's current Return-on-Tangible-Asset of 4.81% is 63.6% 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 Top Line Business Development and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Line Business Development's current Return-on-Tangible-Asset is 4.81%, which is 30% above median its own 10-year median of 3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Line Business Development stock overvalued right now?
Top Line Business Development (PHS:TOP) has a current Return-on-Tangible-Asset of 4.81%. The current Return-on-Tangible-Asset is 4.81%, which is 30% above median its 10-year median of 3.69 and 63.6% above the Retail - Cyclical industry median of 2.94. Top Line Business Development's overall GF Score™ is 5/100 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 Top Line Business Development (PHS:TOP), the current Return-on-Tangible-Asset is 4.81% 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.
Top Line Business Development Business Description
Top Line Business Development Corp is providing consistent and reliable fuel solutions that power industries with efficiency and sustainability. It is mainly focused on its vertically integrated liquid fuels business, with an emphasis on the underserved Central Visayas region. The company is engaged in the business of petroleum and petroleum products, mineral oils, and other sources of energy.
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