GMA HoldingsPHS:GMAP -0.23%48 Return-on-Tangible-Equity is 114.12% as of Mar. 2026, which is 3% above its 10-year median of 110.29. GuruFocus rates PHS:GMAP with a GF Score™ of 48/100. The stock has 2 warning signs investors should review. Among 783 Capital Markets companies, GMA Holdings ranks better than 95.66% 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. GMA Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₱1.97 Mil. GMA Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱1.72 Mil. Therefore, GMA Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 114.12%.
The historical rank and industry rank for GMA Holdings's Return-on-Tangible-Equity or its related term are showing as below:
PHS:GMAP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 49.96 Med: 110.29 Max: 157.87
Current: 157.87
During the past 13 years, GMA Holdings's highest Return-on-Tangible-Equity was 157.87%. The lowest was 49.96%. And the median was 110.29%.
PHS:GMAP's Return-on-Tangible-Equity is ranked better than 95.66% of 783
companies
in the Capital Markets industry
Industry Median: 6.45
vs PHS:GMAP: 157.87
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.
GMA Holdings Return-on-Tangible-Equity Related Terms
GMA Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for GMA 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:GMAP vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, GMA 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.
GMA Holdings Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, GMA Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where GMA 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 114.12% mean?
GMA Holdings (PHS:GMAP) has a Return-on-Tangible-Equity of 114.12% 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 GMA Holdings and its competitors. This is near median its historical median of 110.29. Over the past decade, GMA Holdings' Return-on-Tangible-Equity has ranged from 49.96 to 157.87. According to the industry distribution chart, GMA Holdings ranks #34 out of 783 companies in the Capital Markets industry, placing it in the top 4.3%.
Is GMA Holdings' Return-on-Tangible-Equity too high?
GMA Holdings' current Return-on-Tangible-Equity of 114.12% is near median its 10-year median of 110.29. Over the past 10 years, this metric has ranged from a low of 49.96 to a high of 157.87. The Capital Markets industry median Return-on-Tangible-Equity is 6.45. GMA Holdings' value of 114.12% is 1669.3% above this industry median. Based on the distribution chart, GMA Holdings ranks #34 out of 783 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, GMA Holdings has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does GMA Holdings' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, GMA Holdings ranks #34 out of 783 companies for Return-on-Tangible-Equity. This places GMA Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.45. GMA Holdings' value of 114.12% is 1669.3% above this benchmark. Historically, GMA Holdings' own Return-on-Tangible-Equity has ranged from 49.96 to 157.87 over the past decade. While the company's 10-year median is 110.29 vs. the industry median of 6.45, GMA 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.45, based on 783 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. GMA Holdings's current Return-on-Tangible-Equity of 114.12% is 1669.3% 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 GMA Holdings and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GMA Holdings's current Return-on-Tangible-Equity is 114.12%, which is near median its own 10-year median of 110.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMA Holdings stock overvalued right now?
GMA Holdings (PHS:GMAP) has a current Return-on-Tangible-Equity of 114.12%. The current Return-on-Tangible-Equity is 114.12%, which is near median its 10-year median of 110.29 and 1669.3% above the Capital Markets industry median of 6.45. GMA Holdings' overall GF Score™ is 48/100 with 2 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 GMA Holdings (PHS:GMAP), the current Return-on-Tangible-Equity is 114.12% 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.
GMA Holdings Inc is a Philippine company that engages in issuing Philippine deposit receipts (PDR's). The company invests in, purchases, acquires, owns, holds, uses, sells, assigns, transfers, mortgages, pledges, exchanges, disposes of real and personal property of every kind and description.
48GF Score
Get the complete analysis for PHS:GMAP
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:GMAP has been successfully added to your 
