Ginebran MiguelPHS:GSMI -3.80%87 Return-on-Tangible-Equity is 34.66% as of Mar. 2026, which is at its 10-year median of 34.66. GuruFocus rates PHS:GSMI with a GF Score™ of 87/100 and a GF Value™ of ₱296.53 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 201 Beverages - Alcoholic companies, Ginebran Miguel ranks better than 85.07% 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. Ginebran Miguel's annualized net income for the quarter that ended in Mar. 2026 was ₱9,167 Mil. Ginebran Miguel's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱26,450 Mil. Therefore, Ginebran Miguel's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 34.66%.
The historical rank and industry rank for Ginebran Miguel's Return-on-Tangible-Equity or its related term are showing as below:
PHS:GSMI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.83 Med: 34.66 Max: 43.32
Current: 35.66
During the past 13 years, Ginebran Miguel's highest Return-on-Tangible-Equity was 43.32%. The lowest was 8.83%. And the median was 34.66%.
PHS:GSMI's Return-on-Tangible-Equity is ranked better than 85.07% of 201
companies
in the Beverages - Alcoholic industry
Industry Median: 8.55
vs PHS:GSMI: 35.66
Ginebran Miguel (PHS:GSMI) 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.
Ginebran Miguel Return-on-Tangible-Equity Related Terms
Ginebran Miguel Return-on-Tangible-Equity Historical Data
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The historical data trend for Ginebran Miguel'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:GSMI vs BF.B: Return-on-Tangible-Equity Comparison
For the Beverages - Wineries & Distilleries subindustry, Ginebran Miguel'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.
Ginebran Miguel Return-on-Tangible-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Ginebran Miguel's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ginebran Miguel'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 34.66% mean?
Ginebran Miguel (PHS:GSMI) has a Return-on-Tangible-Equity of 34.66% 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 Ginebran Miguel and its competitors. This is near median its historical median of 34.66. Over the past decade, Ginebran Miguel's Return-on-Tangible-Equity has ranged from 8.83 to 43.32. According to the industry distribution chart, Ginebran Miguel ranks #30 out of 201 companies in the Beverages - Alcoholic industry, placing it in the top 14.9%.
Is Ginebran Miguel's Return-on-Tangible-Equity too high?
Ginebran Miguel's current Return-on-Tangible-Equity of 34.66% is near median its 10-year median of 34.66. Over the past 10 years, this metric has ranged from a low of 8.83 to a high of 43.32. The Beverages - Alcoholic industry median Return-on-Tangible-Equity is 8.55. Ginebran Miguel's value of 34.66% is 305.4% above this industry median. Based on the distribution chart, Ginebran Miguel ranks #30 out of 201 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Ginebran Miguel has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ginebran Miguel's Return-on-Tangible-Equity compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Ginebran Miguel ranks #30 out of 201 companies for Return-on-Tangible-Equity. This places Ginebran Miguel in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.55. Ginebran Miguel's value of 34.66% is 305.4% above this benchmark. Historically, Ginebran Miguel's own Return-on-Tangible-Equity has ranged from 8.83 to 43.32 over the past decade. While the company's 10-year median is 34.66 vs. the industry median of 8.55, Ginebran Miguel 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Alcoholic companies is 8.55, based on 201 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. Ginebran Miguel's current Return-on-Tangible-Equity of 34.66% is 305.4% 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 Ginebran Miguel and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Equity is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ginebran Miguel's current Return-on-Tangible-Equity is 34.66%, which is near median its own 10-year median of 34.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ginebran Miguel stock overvalued right now?
Based on GuruFocus' analysis, Ginebran Miguel (PHS:GSMI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱296.53, compared to a current price of ₱253.00 — trading 14.7% below its estimated fair value. The current Return-on-Tangible-Equity is 34.66%, which is near median its 10-year median of 34.66 and 305.4% above the Beverages - Alcoholic industry median of 8.55. Ginebran Miguel's overall GF Score™ is 87/100 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 Ginebran Miguel (PHS:GSMI), the current Return-on-Tangible-Equity is 34.66% 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 Ginebran Miguel (PHS:GSMI) Overvalued in 2026?
Based on GuruFocus' analysis, Ginebran Miguel stock appears to be undervalued.
The current stock price of ₱253.00 is trading 14.7% below its estimated GF Value™ of ₱296.53.
GuruFocus considers Ginebran Miguel to be Modestly Undervalued.
Key valuation signals for PHS:GSMI:
Return-on-Tangible-Equity: 34.66% (near median its 10-year median of 34.66)
GF Value™: ₱296.53 vs. price of ₱253.00 (14.7% below fair value)
Industry Position: 305.4% above the Beverages - Alcoholic median (#30 of 201)
No single metric tells the full story. See the PHS:GSMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ginebra San Miguel Inc manufactures and sells alcoholic beverages in the Philippines. It offers alcoholic beverages, under the following brand names: Ginebra San Miguel gin, GSM Blue, GSM Blue Flavors, Ginebra San Miguel Premium Gin, Antonov Vodka, Primera Light Brandy, Vino Kulafu, and Antonov vodka.
87GF Score
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