Global Ferronickel HoldingsPHS:FNI +2.33%77 Return-on-Tangible-Equity is 13.10% as of Mar. 2026, which is 3% above its 10-year median of 12.74. GuruFocus rates PHS:FNI with a GF Score™ of 77/100 and a GF Value™ of ₱1.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,378 Metals & Mining companies, Global Ferronickel Holdings ranks better than 83.1% 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. Global Ferronickel Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₱1,912 Mil. Global Ferronickel Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱14,597 Mil. Therefore, Global Ferronickel Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.10%.
The historical rank and industry rank for Global Ferronickel Holdings's Return-on-Tangible-Equity or its related term are showing as below:
PHS:FNI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.57 Med: 12.74 Max: 22.48
Current: 12.26
During the past 13 years, Global Ferronickel Holdings's highest Return-on-Tangible-Equity was 22.48%. The lowest was 0.57%. And the median was 12.74%.
PHS:FNI's Return-on-Tangible-Equity is ranked better than 83.1% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.28
vs PHS:FNI: 12.26
Global Ferronickel Holdings (PHS:FNI) 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.
Global Ferronickel Holdings Return-on-Tangible-Equity Related Terms
Global Ferronickel Holdings 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.
Global Ferronickel Holdings Return-on-Tangible-Equity Chart
Global Ferronickel Holdings Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Global Ferronickel 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.
Global Ferronickel Holdings Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Global Ferronickel Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Global Ferronickel 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 13.10% mean?
Global Ferronickel Holdings (PHS:FNI) has a Return-on-Tangible-Equity of 13.10% 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 Global Ferronickel Holdings and its competitors. This is near median its historical median of 12.74. Over the past decade, Global Ferronickel Holdings' Return-on-Tangible-Equity has ranged from 0.57 to 22.48. According to the industry distribution chart, Global Ferronickel Holdings ranks #402 out of 2378 companies in the Metals & Mining industry, placing it in the top 16.9%.
Is Global Ferronickel Holdings' Return-on-Tangible-Equity too high?
Global Ferronickel Holdings' current Return-on-Tangible-Equity of 13.10% is near median its 10-year median of 12.74. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 22.48. Based on the distribution chart, Global Ferronickel Holdings ranks #402 out of 2378 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Global Ferronickel Holdings has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Ferronickel Holdings' Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Global Ferronickel Holdings ranks #402 out of 2378 companies for Return-on-Tangible-Equity. This places Global Ferronickel Holdings in the top 17% of its industry — outperforming the majority of peers. Historically, Global Ferronickel Holdings' own Return-on-Tangible-Equity has ranged from 0.57 to 22.48 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Global Ferronickel Holdings and its competitors. Global Ferronickel Holdings's current Return-on-Tangible-Equity is 13.10%, which is near median its own 10-year median of 12.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Ferronickel Holdings stock overvalued right now?
Based on GuruFocus' analysis, Global Ferronickel Holdings (PHS:FNI) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.73, compared to a current price of ₱1.76 — trading 1.7% above its estimated fair value. The current Return-on-Tangible-Equity is 13.10%, which is near median its 10-year median of 12.74. Global Ferronickel Holdings' overall GF Score™ is 77/100 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 Global Ferronickel Holdings (PHS:FNI), the current Return-on-Tangible-Equity is 13.10% 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 Global Ferronickel Holdings (PHS:FNI) Overvalued in 2026?
Based on GuruFocus' analysis, Global Ferronickel Holdings stock appears to be overvalued.
The current stock price of ₱1.76 is trading 1.7% above its estimated GF Value™ of ₱1.73.
GuruFocus considers Global Ferronickel Holdings to be Fairly Valued.
Key valuation signals for PHS:FNI:
Return-on-Tangible-Equity: 13.10% (near median its 10-year median of 12.74)
GF Value™: ₱1.73 vs. price of ₱1.76 (1.7% above fair value)
No single metric tells the full story. See the PHS:FNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing, and Services. The company generates maximum revenue from the Mining segment. The mining segment is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.
77GF Score
Get the complete analysis for PHS:FNI
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:FNI has been successfully added to your 
