Shell PilipinasPHS:SHLPH +0.60%79 Return-on-Tangible-Equity is 18.17% as of Mar. 2026, which is 35% above its 10-year median of 13.42. GuruFocus rates PHS:SHLPH with a GF Score™ of 79/100 and a GF Value™ of ₱9.15 (Fairly Valued). The stock has 3 warning signs investors should review. Among 944 Oil & Gas companies, Shell Pilipinas ranks better than 55.83% 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. Shell Pilipinas's annualized net income for the quarter that ended in Mar. 2026 was ₱6,468 Mil. Shell Pilipinas's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱35,594 Mil. Therefore, Shell Pilipinas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.17%.
The historical rank and industry rank for Shell Pilipinas's Return-on-Tangible-Equity or its related term are showing as below:
PHS:SHLPH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -51.09 Med: 13.42 Max: 27.65
Current: 8.74
During the past 12 years, Shell Pilipinas's highest Return-on-Tangible-Equity was 27.65%. The lowest was -51.09%. And the median was 13.42%.
PHS:SHLPH's Return-on-Tangible-Equity is ranked better than 55.83% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs PHS:SHLPH: 8.74
Shell Pilipinas (PHS:SHLPH) 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.
Shell Pilipinas Return-on-Tangible-Equity Related Terms
Shell Pilipinas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shell Pilipinas'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:SHLPH vs VLO, MPC, PSX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Shell Pilipinas'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.
Shell Pilipinas Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Shell Pilipinas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shell Pilipinas'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 18.17% mean?
Shell Pilipinas (PHS:SHLPH) has a Return-on-Tangible-Equity of 18.17% 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 Shell Pilipinas and its competitors. This is 35% above median its historical median of 13.42. According to the industry distribution chart, Shell Pilipinas ranks #417 out of 944 companies in the Oil & Gas industry, placing it in the top 44.2%.
Is Shell Pilipinas' Return-on-Tangible-Equity too high?
Shell Pilipinas' current Return-on-Tangible-Equity of 18.17% is 35% above median its 10-year median of 13.42. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. Shell Pilipinas' value of 18.17% is 170% above this industry median. Based on the distribution chart, Shell Pilipinas ranks #417 out of 944 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Shell Pilipinas has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shell Pilipinas' Return-on-Tangible-Equity compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Shell Pilipinas ranks #417 out of 944 companies for Return-on-Tangible-Equity. This puts Shell Pilipinas in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.73. Shell Pilipinas' value of 18.17% is 170% above this benchmark. While the company's 10-year median is 13.42 vs. the industry median of 6.73, Shell Pilipinas 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 an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.73, based on 944 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. Shell Pilipinas's current Return-on-Tangible-Equity of 18.17% is 170% 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 Shell Pilipinas and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shell Pilipinas's current Return-on-Tangible-Equity is 18.17%, which is 35% above median its own 10-year median of 13.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shell Pilipinas stock overvalued right now?
Based on GuruFocus' analysis, Shell Pilipinas (PHS:SHLPH) is currently considered Fairly Valued. The stock's GF Value™ is ₱9.15, compared to a current price of ₱8.35 — trading 8.7% below its estimated fair value. The current Return-on-Tangible-Equity is 18.17%, which is 35% above median its 10-year median of 13.42 and 170% above the Oil & Gas industry median of 6.73. Shell Pilipinas' overall GF Score™ is 79/100 with 3 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 Shell Pilipinas (PHS:SHLPH), the current Return-on-Tangible-Equity is 18.17% 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 Shell Pilipinas (PHS:SHLPH) Overvalued in 2026?
Based on GuruFocus' analysis, Shell Pilipinas stock appears to be undervalued.
The current stock price of ₱8.35 is trading 8.7% below its estimated GF Value™ of ₱9.15.
GuruFocus considers Shell Pilipinas to be Fairly Valued.
Key valuation signals for PHS:SHLPH:
Return-on-Tangible-Equity: 18.17% (35% above median its 10-year median of 13.42)
GF Value™: ₱9.15 vs. price of ₱8.35 (8.7% below fair value)
Industry Position: 170% above the Oil & Gas median (#417 of 944)
No single metric tells the full story. See the PHS:SHLPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Address26th Street Corner 9th Avenue, 41st Floor, The Finance Center, Bonifacio Global City, Barangay Fort Bonifacio, Metro Manila, Taguig City, RIZ, PHL, 1635
Shell Pilipinas Corp is engaged in the import and marketing of petroleum products. Its integrated downstream operations span all aspects of the downstream product supply chain, from importing crude oil to distributing petroleum products to its customers across the Philippines. The company offers products such as gasoline, diesel, fuel oil, aviation fuel, marine fuel, lubricants, and bitumen. It solely operates in the Downstream Oil and Gas segment.
79GF Score
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