Max's GroupPHS:MAXS +2.39%72 Return-on-Tangible-Equity is 20.69% as of Mar. 2026, which is 79% below its 10-year median of 96.77. GuruFocus rates PHS:MAXS with a GF Score™ of 72/100 and a GF Value™ of ₱3.37 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 332 Restaurants companies, Max's Group ranks better than 79.52% 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. Max's Group's annualized net income for the quarter that ended in Mar. 2026 was ₱237 Mil. Max's Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱1,144 Mil. Therefore, Max's Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.69%.
The historical rank and industry rank for Max's Group's Return-on-Tangible-Equity or its related term are showing as below:
PHS:MAXS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 34.4 Med: 96.77 Max: 335.41
Current: 35.85
During the past 13 years, Max's Group's highest Return-on-Tangible-Equity was 335.41%. The lowest was 34.40%. And the median was 96.77%.
PHS:MAXS's Return-on-Tangible-Equity is ranked better than 79.52% of 332
companies
in the Restaurants industry
Industry Median: 8.715
vs PHS:MAXS: 35.85
Max's Group (PHS:MAXS) 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.
Max's Group Return-on-Tangible-Equity Related Terms
Max's Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Max's Group'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:MAXS vs MCD, SBUX, YUM: Return-on-Tangible-Equity Comparison
For the Restaurants subindustry, Max's Group'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.
Max's Group Return-on-Tangible-Equity vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Max's Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Max's Group'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 20.69% mean?
Max's Group (PHS:MAXS) has a Return-on-Tangible-Equity of 20.69% 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 Max's Group and its competitors. This is 79% below median its historical median of 96.77. Over the past decade, Max's Group's Return-on-Tangible-Equity has ranged from 34.40 to 335.41. According to the industry distribution chart, Max's Group ranks #68 out of 332 companies in the Restaurants industry, placing it in the top 20.5%.
Is Max's Group's Return-on-Tangible-Equity too high?
Max's Group's current Return-on-Tangible-Equity of 20.69% is 79% below median its 10-year median of 96.77. Over the past 10 years, this metric has ranged from a low of 34.40 to a high of 335.41. The Restaurants industry median Return-on-Tangible-Equity is 8.72. Max's Group's value of 20.69% is 137.4% above this industry median. Based on the distribution chart, Max's Group ranks #68 out of 332 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Max's Group has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Max's Group's Return-on-Tangible-Equity compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Max's Group ranks #68 out of 332 companies for Return-on-Tangible-Equity. This places Max's Group in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.72. Max's Group's value of 20.69% is 137.4% above this benchmark. Historically, Max's Group's own Return-on-Tangible-Equity has ranged from 34.40 to 335.41 over the past decade. While the company's 10-year median is 96.77 vs. the industry median of 8.72, Max's Group 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 Restaurants company?
The median Return-on-Tangible-Equity among Restaurants companies is 8.72, based on 332 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. Max's Group's current Return-on-Tangible-Equity of 20.69% is 137.4% 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 Max's Group and its competitors. For the Restaurants industry, the median Return-on-Tangible-Equity is 8.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max's Group's current Return-on-Tangible-Equity is 20.69%, which is 79% below median its own 10-year median of 96.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max's Group stock overvalued right now?
Based on GuruFocus' analysis, Max's Group (PHS:MAXS) is currently considered Possible Value Trap. The stock's GF Value™ is ₱3.37, compared to a current price of ₱2.14 — trading 36.5% below its estimated fair value. The current Return-on-Tangible-Equity is 20.69%, which is 79% below median its 10-year median of 96.77 and 137.4% above the Restaurants industry median of 8.72. Max's Group's overall GF Score™ is 72/100 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 Max's Group (PHS:MAXS), the current Return-on-Tangible-Equity is 20.69% 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 Max's Group (PHS:MAXS) Overvalued in 2026?
Based on GuruFocus' analysis, Max's Group stock appears to be undervalued.
The current stock price of ₱2.14 is trading 36.5% below its estimated GF Value™ of ₱3.37.
GuruFocus considers Max's Group to be Possible Value Trap.
Key valuation signals for PHS:MAXS:
Return-on-Tangible-Equity: 20.69% (79% below median its 10-year median of 96.77)
GF Value™: ₱3.37 vs. price of ₱2.14 (36.5% below fair value)
Industry Position: 137.4% above the Restaurants median (#68 of 332)
No single metric tells the full story. See the PHS:MAXS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max's Group Inc is engaged in the business of establishing, operating and maintaining restaurants, coffee shops, refreshments parlors, cocktail lounges and catering food. The company operates under the under the name and styles of Max's Restaurant, Pancake House, Maple, Dencio's, Singkit, Yellow Cab, Teriyaki Boy, Sizzlin' Steak, Max's Corner Bakery, Max's Group Kitchen, Max's All About Chicken, and All About Chicken. It offers a diverse cuisine covering American, Filipino, Japanese, Chinese, and French. The company has three business segments, namely: Food service, Commissary and Support services. It derives maximum revenue from the food services segment, which is involved in the operation and preparation of food products to be sold to company-owned and franchised stores.
72GF Score
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