Pal HoldingsPHS:PAL -0.37%51 Return-on-Tangible-Equity is 36.52% as of Mar. 2026, which is 44% above its 10-year median of 25.44. GuruFocus rates PHS:PAL with a GF Score™ of 51/100 and a GF Value™ of ₱2.75 (Fairly Valued). The stock has 4 warning signs investors should review. Among 975 Transportation companies, Pal Holdings ranks better than 81.74% 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. Pal Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₱17,138 Mil. Pal Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱46,931 Mil. Therefore, Pal Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 36.52%.
The historical rank and industry rank for Pal Holdings's Return-on-Tangible-Equity or its related term are showing as below:
PHS:PAL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -485.33 Med: 25.44 Max: 170.29
Current: 23.01
During the past 13 years, Pal Holdings's highest Return-on-Tangible-Equity was 170.29%. The lowest was -485.33%. And the median was 25.44%.
PHS:PAL's Return-on-Tangible-Equity is ranked better than 81.74% of 975
companies
in the Transportation industry
Industry Median: 9
vs PHS:PAL: 23.01
Pal Holdings (PHS:PAL) 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.
Pal Holdings Return-on-Tangible-Equity Related Terms
Pal Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Pal 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:PAL vs DAL, UAL, LUV: Return-on-Tangible-Equity Comparison
For the Airlines subindustry, Pal 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.
Pal Holdings Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Pal Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pal 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 36.52% mean?
Pal Holdings (PHS:PAL) has a Return-on-Tangible-Equity of 36.52% 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 Pal Holdings and its competitors. This is 44% above median its historical median of 25.44. According to the industry distribution chart, Pal Holdings ranks #178 out of 975 companies in the Transportation industry, placing it in the top 18.3%.
Is Pal Holdings' Return-on-Tangible-Equity too high?
Pal Holdings' current Return-on-Tangible-Equity of 36.52% is 44% above median its 10-year median of 25.44. The Transportation industry median Return-on-Tangible-Equity is 9.00. Pal Holdings' value of 36.52% is 305.8% above this industry median. Based on the distribution chart, Pal Holdings ranks #178 out of 975 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Pal Holdings has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pal Holdings' Return-on-Tangible-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Pal Holdings ranks #178 out of 975 companies for Return-on-Tangible-Equity. This places Pal Holdings in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.00. Pal Holdings' value of 36.52% is 305.8% above this benchmark. While the company's 10-year median is 25.44 vs. the industry median of 9.00, Pal 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.00, based on 975 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. Pal Holdings's current Return-on-Tangible-Equity of 36.52% is 305.8% 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 Pal Holdings and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pal Holdings's current Return-on-Tangible-Equity is 36.52%, which is 44% above median its own 10-year median of 25.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pal Holdings stock overvalued right now?
Based on GuruFocus' analysis, Pal Holdings (PHS:PAL) is currently considered Fairly Valued. The stock's GF Value™ is ₱2.75, compared to a current price of ₱2.70 — trading 1.8% below its estimated fair value. The current Return-on-Tangible-Equity is 36.52%, which is 44% above median its 10-year median of 25.44 and 305.8% above the Transportation industry median of 9.00. Pal Holdings' overall GF Score™ is 51/100 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 Pal Holdings (PHS:PAL), the current Return-on-Tangible-Equity is 36.52% 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 Pal Holdings (PHS:PAL) Overvalued in 2026?
Based on GuruFocus' analysis, Pal Holdings stock appears to be undervalued.
The current stock price of ₱2.70 is trading 1.8% below its estimated GF Value™ of ₱2.75.
GuruFocus considers Pal Holdings to be Fairly Valued.
Key valuation signals for PHS:PAL:
Return-on-Tangible-Equity: 36.52% (44% above median its 10-year median of 25.44)
GF Value™: ₱2.75 vs. price of ₱2.70 (1.8% below fair value)
Industry Position: 305.8% above the Transportation median (#178 of 975)
No single metric tells the full story. See the PHS:PAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pal Holdings Inc through its subsidiaries, is engaged in air transport of passengers and cargo within the Philippines and between the Philippines and several international destinations. Its revenues are mainly derived from rendering transportation services, and all sales are made to external customers.
51GF Score
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