TPHIF (Top Frontier Investment Holdings) Return-on-Tangible-Asset: 0.46% (As of Mar. 2026) — 70% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPHIF Top Frontier Investment Holdings Inc TPHIF
73 GF Score
Price $0.94
GF Value $1.16
! 4 Warning Signs
View Full Analysis

What is Top Frontier Investment Holdings Return-on-Tangible-Asset?

Top Frontier Investment Holdings TPHIF 73 Return-on-Tangible-Asset is 0.46% as of Mar. 2026, which is 70% above its 10-year median of 0.27. GuruFocus rates TPHIF with a GF Score™ of 73/100 and a GF Value™ of $1.16. The stock has 4 warning signs investors should review. Among 571 Conglomerates companies, Top Frontier Investment Holdings ranks worse than 72.68% 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. Top Frontier Investment Holdings's annualized Net Income for the quarter that ended in Mar. 2026 was $174 Mil. Top Frontier Investment Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $37,957 Mil. Therefore, Top Frontier Investment Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.46%.

The historical rank and industry rank for Top Frontier Investment Holdings's Return-on-Tangible-Asset or its related term are showing as below:

TPHIF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.78   Med: 0.27   Max: 1.05
Current: 0.27

During the past 13 years, Top Frontier Investment Holdings's highest Return-on-Tangible-Asset was 1.05%. The lowest was -0.78%. And the median was 0.27%.

TPHIF's Return-on-Tangible-Asset is ranked worse than
72.68% of 571 companies
in the Conglomerates industry
Industry Median: 2.69 vs TPHIF: 0.27

Top Frontier Investment Holdings  (OTCPK:TPHIF) 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 company’s 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 company’s 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 Frontier Investment Holdings Return-on-Tangible-Asset Related Terms


Top Frontier Investment Holdings Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Top Frontier Investment 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.

Top Frontier Investment Holdings Return-on-Tangible-Asset Chart

Top Frontier Investment Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 -0.78 -0.13 -0.52 0.88

Top Frontier Investment Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 1.08 -0.42 -0.03 0.46

TPHIF vs HON, MMM: Return-on-Tangible-Asset Comparison

For the Conglomerates subindustry, Top Frontier Investment 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.


Top Frontier Investment Holdings Return-on-Tangible-Asset vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Top Frontier Investment Holdings's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Top Frontier Investment Holdings's Return-on-Tangible-Asset falls into.


TPHIF
73GF Score
Top Frontier Investment Holdings Inc TPHIF
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Top Frontier Investment Holdings Return-on-Tangible-Asset Calculation

Top Frontier Investment Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=318.39/( (35756.132+36217.017)/ 2 )
=318.39/35986.5745
=0.88 %

Top Frontier Investment Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=174.132/( (36217.017+39697.919)/ 2 )
=174.132/37957.468
=0.46 %

* 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 0.46% mean?
Top Frontier Investment Holdings (TPHIF) has a Return-on-Tangible-Asset of 0.46% 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 Frontier Investment Holdings and its competitors. This is 70% above median its historical median of 0.27. According to the industry distribution chart, Top Frontier Investment Holdings ranks #415 out of 571 companies in the Conglomerates industry, placing it in the top 72.7%.
Is Top Frontier Investment Holdings' Return-on-Tangible-Asset too high?
Top Frontier Investment Holdings' current Return-on-Tangible-Asset of 0.46% is 70% above median its 10-year median of 0.27. The Conglomerates industry median Return-on-Tangible-Asset is 2.69. Top Frontier Investment Holdings' value of 0.46% is 82.9% below this industry median. Based on the distribution chart, Top Frontier Investment Holdings ranks #415 out of 571 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Top Frontier Investment Holdings has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Top Frontier Investment Holdings' Return-on-Tangible-Asset compare to HON and MMM?
According to the Conglomerates industry distribution chart, Top Frontier Investment Holdings ranks #415 out of 571 companies for Return-on-Tangible-Asset. This places Top Frontier Investment Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.69. Top Frontier Investment Holdings' value of 0.46% is 82.9% below this benchmark. While the company's 10-year median is 0.27 vs. the industry median of 2.69, Top Frontier Investment Holdings has consistently been below 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.69, based on 571 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 Frontier Investment Holdings's current Return-on-Tangible-Asset of 0.46% is 82.9% below 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 Frontier Investment Holdings and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Frontier Investment Holdings's current Return-on-Tangible-Asset is 0.46%, which is 70% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Frontier Investment Holdings stock overvalued right now?
Top Frontier Investment Holdings (TPHIF) has a current Return-on-Tangible-Asset of 0.46%. The stock's GF Value™ is $1.16, compared to a current price of $0.94 — trading 19.4% below its estimated fair value. The current Return-on-Tangible-Asset is 0.46%, which is 70% above median its 10-year median of 0.27 and 82.9% below the Conglomerates industry median of 2.69. Top Frontier Investment Holdings' overall GF Score™ is 73/100 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 Top Frontier Investment Holdings (TPHIF), the current Return-on-Tangible-Asset is 0.46% 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 Top Frontier Investment Holdings (TPHIF) Overvalued in 2026?

Based on GuruFocus' analysis, Top Frontier Investment Holdings stock appears to be undervalued. The current stock price of $0.94 is trading 19.4% below its estimated GF Value™ of $1.16.

Key valuation signals for TPHIF:

  • Return-on-Tangible-Asset: 0.46% (70% above median its 10-year median of 0.27)
  • GF Value™: $1.16 vs. price of $0.94 (19.4% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 82.9% below the Conglomerates median (#415 of 571)

No single metric tells the full story. See the TPHIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Top Frontier Investment Holdings Business Description

Other Exchanges TFHI:Philippines
Address No. 399 Sen. Gil J. Puyat Avenue, 5th Floor, ENZO Building, Makati City, PHL, 1200
Top Frontier Investment Holdings Inc is an investment holding company engaged in the processing and marketing of branded refrigerated processed meats and canned meat products. The Company operates through segments including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, real estate, mining, and others. It derives a key revenue from the energy segment, which focuses on the sale, retail, and distribution of power through various supply and service agreements to generators, distribution utilities, including Manila Electric Company (Meralco), electric cooperatives, industrial customers, and the National Grid Corporation of the Philippines (NGCP), as well as through the Philippine Wholesale Electricity Spot Market (WESM).
73GF Score

Get the complete analysis for TPHIF

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.94
Price
$1.16
GF Value