San Miguel Food And BeveragePHS:FB -0.30%85 Return-on-Tangible-Equity is 34.75% as of Mar. 2026, which is 8% below its 10-year median of 37.63. GuruFocus rates PHS:FB with a GF Score™ of 85/100 and a GF Value™ of ₱56.17 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,875 Consumer Packaged Goods companies, San Miguel Food And Beverage ranks better than 90.24% 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. San Miguel Food And Beverage's annualized net income for the quarter that ended in Mar. 2026 was ₱31,356 Mil. San Miguel Food And Beverage's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱90,223 Mil. Therefore, San Miguel Food And Beverage's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 34.75%.
The historical rank and industry rank for San Miguel Food And Beverage's Return-on-Tangible-Equity or its related term are showing as below:
PHS:FB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 25.93 Med: 37.63 Max: 46.7
Current: 35.39
During the past 13 years, San Miguel Food And Beverage's highest Return-on-Tangible-Equity was 46.70%. The lowest was 25.93%. And the median was 37.63%.
PHS:FB's Return-on-Tangible-Equity is ranked better than 90.24% of 1875
companies
in the Consumer Packaged Goods industry
Industry Median: 7.72
vs PHS:FB: 35.39
San Miguel Food And Beverage (PHS:FB) Return-on-Tangible-Equity Explanation
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.
San Miguel Food And Beverage Return-on-Tangible-Equity Related Terms
San Miguel Food And Beverage Return-on-Tangible-Equity 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.
San Miguel Food And Beverage Return-on-Tangible-Equity Chart
PHS:FB vs KHC, GIS: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, San Miguel Food And Beverage'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.
San Miguel Food And Beverage Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, San Miguel Food And Beverage's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where San Miguel Food And Beverage'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 34.75% mean?
San Miguel Food And Beverage (PHS:FB) has a Return-on-Tangible-Equity of 34.75% 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 San Miguel Food And Beverage and its competitors. This is near median its historical median of 37.63. Over the past decade, San Miguel Food And Beverage's Return-on-Tangible-Equity has ranged from 25.93 to 46.70. According to the industry distribution chart, San Miguel Food And Beverage ranks #183 out of 1875 companies in the Consumer Packaged Goods industry, placing it in the top 9.8%.
Is San Miguel Food And Beverage's Return-on-Tangible-Equity too high?
San Miguel Food And Beverage's current Return-on-Tangible-Equity of 34.75% is near median its 10-year median of 37.63. Over the past 10 years, this metric has ranged from a low of 25.93 to a high of 46.70. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.72. San Miguel Food And Beverage's value of 34.75% is 350.1% above this industry median. Based on the distribution chart, San Miguel Food And Beverage ranks #183 out of 1875 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, San Miguel Food And Beverage has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Miguel Food And Beverage's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, San Miguel Food And Beverage ranks #183 out of 1875 companies for Return-on-Tangible-Equity. This places San Miguel Food And Beverage in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.72. San Miguel Food And Beverage's value of 34.75% is 350.1% above this benchmark. Historically, San Miguel Food And Beverage's own Return-on-Tangible-Equity has ranged from 25.93 to 46.70 over the past decade. While the company's 10-year median is 37.63 vs. the industry median of 7.72, San Miguel Food And Beverage 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.72, based on 1,875 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. San Miguel Food And Beverage's current Return-on-Tangible-Equity of 34.75% is 350.1% 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 San Miguel Food And Beverage and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Miguel Food And Beverage's current Return-on-Tangible-Equity is 34.75%, which is near median its own 10-year median of 37.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel Food And Beverage stock overvalued right now?
Based on GuruFocus' analysis, San Miguel Food And Beverage (PHS:FB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱56.17, compared to a current price of ₱49.95 — trading 11.1% below its estimated fair value. The current Return-on-Tangible-Equity is 34.75%, which is near median its 10-year median of 37.63 and 350.1% above the Consumer Packaged Goods industry median of 7.72. San Miguel Food And Beverage's overall GF Score™ is 85/100 with 1 warning sign 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 San Miguel Food And Beverage (PHS:FB), the current Return-on-Tangible-Equity is 34.75% 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 San Miguel Food And Beverage (PHS:FB) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel Food And Beverage stock appears to be undervalued.
The current stock price of ₱49.95 is trading 11.1% below its estimated GF Value™ of ₱56.17.
GuruFocus considers San Miguel Food And Beverage to be Modestly Undervalued.
Key valuation signals for PHS:FB:
Return-on-Tangible-Equity: 34.75% (near median its 10-year median of 37.63)
GF Value™: ₱56.17 vs. price of ₱49.95 (11.1% below fair value)
Industry Position: 350.1% above the Consumer Packaged Goods median (#183 of 1875)
No single metric tells the full story. See the PHS:FB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Food And Beverage Inc is a food company located in the Philippines. The Company has three primary operating segments: Beer and non-alcoholic beverages (NAB), Spirits, and Food. The Beer and NAB segment and the Spirits segment comprise the beverage business.
85GF Score
Get the complete analysis for PHS:FB
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