DMCI HoldingsPHS:DMC +1.37%73 Return-on-Tangible-Equity is 16.85% as of Mar. 2026, which is 14% below its 10-year median of 19.58. GuruFocus rates PHS:DMC with a GF Score™ of 73/100 and a GF Value™ of ₱10.42 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 547 Conglomerates companies, DMCI Holdings ranks better than 68.19% 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. DMCI Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₱19,475 Mil. DMCI Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱115,560 Mil. Therefore, DMCI Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.85%.
The historical rank and industry rank for DMCI Holdings's Return-on-Tangible-Equity or its related term are showing as below:
PHS:DMC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.15 Med: 19.58 Max: 32.53
Current: 13.02
During the past 13 years, DMCI Holdings's highest Return-on-Tangible-Equity was 32.53%. The lowest was 7.15%. And the median was 19.58%.
PHS:DMC's Return-on-Tangible-Equity is ranked better than 68.19% of 547
companies
in the Conglomerates industry
Industry Median: 7.44
vs PHS:DMC: 13.02
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.
DMCI Holdings Return-on-Tangible-Equity Related Terms
DMCI Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for DMCI Holdings'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.
PHS:DMC vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, DMCI Holdings'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.
DMCI Holdings Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, DMCI Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where DMCI Holdings'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 16.85% mean?
DMCI Holdings (PHS:DMC) has a Return-on-Tangible-Equity of 16.85% 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 DMCI Holdings and its competitors. This is 14% below median its historical median of 19.58. Over the past decade, DMCI Holdings' Return-on-Tangible-Equity has ranged from 7.15 to 32.53. According to the industry distribution chart, DMCI Holdings ranks #174 out of 547 companies in the Conglomerates industry, placing it in the top 31.8%.
Is DMCI Holdings' Return-on-Tangible-Equity too high?
DMCI Holdings' current Return-on-Tangible-Equity of 16.85% is 14% below median its 10-year median of 19.58. Over the past 10 years, this metric has ranged from a low of 7.15 to a high of 32.53. The Conglomerates industry median Return-on-Tangible-Equity is 7.44. DMCI Holdings' value of 16.85% is 126.5% above this industry median. Based on the distribution chart, DMCI Holdings ranks #174 out of 547 companies in the Conglomerates industry, which is above the industry midpoint. Overall, DMCI Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DMCI Holdings' Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, DMCI Holdings ranks #174 out of 547 companies for Return-on-Tangible-Equity. This puts DMCI Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.44. DMCI Holdings' value of 16.85% is 126.5% above this benchmark. Historically, DMCI Holdings' own Return-on-Tangible-Equity has ranged from 7.15 to 32.53 over the past decade. While the company's 10-year median is 19.58 vs. the industry median of 7.44, DMCI Holdings 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-Equity for a Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.44, based on 547 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. DMCI Holdings's current Return-on-Tangible-Equity of 16.85% is 126.5% 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-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 DMCI Holdings and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DMCI Holdings's current Return-on-Tangible-Equity is 16.85%, which is 14% below median its own 10-year median of 19.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMCI Holdings stock overvalued right now?
Based on GuruFocus' analysis, DMCI Holdings (PHS:DMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱10.42, compared to a current price of ₱7.40 — trading 29% below its estimated fair value. The current Return-on-Tangible-Equity is 16.85%, which is 14% below median its 10-year median of 19.58 and 126.5% above the Conglomerates industry median of 7.44. DMCI 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For DMCI Holdings (PHS:DMC), the current Return-on-Tangible-Equity is 16.85% 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 DMCI Holdings (PHS:DMC) Overvalued in 2026?
Based on GuruFocus' analysis, DMCI Holdings stock appears to be undervalued.
The current stock price of ₱7.40 is trading 29% below its estimated GF Value™ of ₱10.42.
GuruFocus considers DMCI Holdings to be Modestly Undervalued.
Key valuation signals for PHS:DMC:
Return-on-Tangible-Equity: 16.85% (14% below median its 10-year median of 19.58)
GF Value™: ₱10.42 vs. price of ₱7.40 (29% below fair value)
Industry Position: 126.5% above the Conglomerates median (#174 of 547)
No single metric tells the full story. See the PHS:DMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DMCI Holdings Inc is an engineering conglomerate in the Philippines, operating in construction, real estate, coal mining, nickel mining, power generation, and water distribution businesses. The activities of the company include construction-related businesses such as the production and trading of concrete products, exploration, mining, and development of coal resources, mining and selling nickel ore, residential development, power generation through coal-fired power plants and satellite power plants, water services, and others. It organizes its business into operating segments: construction and others, coal mining, nickel mining, real estate, on-grid power, off-grid power, water, and cement manufacturing. It generates the majority of its revenue from the coal mining segment.
73GF Score
Get the complete analysis for PHS:DMC
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:DMC has been successfully added to your 
