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Phillips EdisonFRA:9R4 +3.85%77 Return-on-Tangible-Equity is 5.44% as of Mar. 2026, which is 258% above its 10-year median of 1.52. GuruFocus rates FRA:9R4 with a GF Score™ of 77/100 and a GF Value™ of €34.65 (Fairly Valued). The stock has 7 warning signs investors should review. Among 935 REITs companies, Phillips Edison ranks worse than 59.79% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Phillips Edison's annualized net income for the quarter that ended in Mar. 2026 was €105.1 Mil. Phillips Edison's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €1,931.2 Mil. Therefore, Phillips Edison's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.44%.
The historical rank and industry rank for Phillips Edison's Return-on-Tangible-Equity or its related term are showing as below:
FRA:9R4'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.55 Med: 1.52 Max: 5.12
Current: 5.12
During the past 13 years, Phillips Edison's highest Return-on-Tangible-Equity was 5.12%. The lowest was -3.55%. And the median was 1.52%.
FRA:9R4's Return-on-Tangible-Equity is ranked worse than 59.79% of 935
companies
in the REITs industry
Industry Median: 6.27
vs FRA:9R4: 5.12
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Phillips Edison Return-on-Tangible-Equity Related Terms
Phillips Edison Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Phillips Edison's Return-on-Tangible-Equity 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.
FRA:9R4 vs KRG, SKT, EPRT: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Phillips Edison's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Phillips Edison Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Phillips Edison's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Phillips Edison's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.44% mean?
Phillips Edison (FRA:9R4) has a Return-on-Tangible-Equity of 5.44% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Phillips Edison and its competitors. This is 258% above median its historical median of 1.52. According to the industry distribution chart, Phillips Edison ranks #559 out of 935 companies in the REITs industry, placing it in the top 59.8%.
Is Phillips Edison's Return-on-Tangible-Equity too high?
Phillips Edison's current Return-on-Tangible-Equity of 5.44% is 258% above median its 10-year median of 1.52. The REITs industry median Return-on-Tangible-Equity is 6.27. Phillips Edison's value of 5.44% is 13.2% below this industry median. Based on the distribution chart, Phillips Edison ranks #559 out of 935 companies in the REITs industry, which is below the industry midpoint. Overall, Phillips Edison has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phillips Edison's Return-on-Tangible-Equity compare to KRG and SKT?
According to the REITs industry distribution chart, Phillips Edison ranks #559 out of 935 companies for Return-on-Tangible-Equity. This places Phillips Edison in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.27. Phillips Edison's value of 5.44% is 13.2% below this benchmark. While the company's 10-year median is 1.52 vs. the industry median of 6.27, Phillips Edison 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phillips Edison's current Return-on-Tangible-Equity of 5.44% is 13.2% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Phillips Edison and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips Edison's current Return-on-Tangible-Equity is 5.44%, which is 258% above median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phillips Edison stock overvalued right now?
Based on GuruFocus' analysis, Phillips Edison (FRA:9R4) is currently considered Fairly Valued. The stock's GF Value™ is €34.65, compared to a current price of €37.80 — trading 9.1% above its estimated fair value. The current Return-on-Tangible-Equity is 5.44%, which is 258% above median its 10-year median of 1.52 and 13.2% below the REITs industry median of 6.27. Phillips Edison's overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Phillips Edison (FRA:9R4), the current Return-on-Tangible-Equity is 5.44% 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 Phillips Edison (FRA:9R4) Overvalued in 2026?
Based on GuruFocus' analysis, Phillips Edison stock appears to be overvalued.
The current stock price of €37.80 is trading 9.1% above its estimated GF Value™ of €34.65.
GuruFocus considers Phillips Edison to be Fairly Valued.
Key valuation signals for FRA:9R4:
Return-on-Tangible-Equity: 5.44% (258% above median its 10-year median of 1.52)
GF Value™: €34.65 vs. price of €37.80 (9.1% above fair value)
Industry Position: 13.2% below the REITs median (#559 of 935)
No single metric tells the full story. See the FRA:9R4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phillips Edison & Co Inc is a real estate investment trust. The company also operates a third-party investment management business providing property management and advisory services to four unconsolidated institutional joint ventures, in which it has a partial ownership interest, and one private fund. It invests in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on a market of expertise designed to optimize property value and consistently deliver a great shopping experience.
77GF Score
Get the complete analysis for FRA:9R4
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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