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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. Top Frontier Investment Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₱10,744 Mil. Top Frontier Investment Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₱-396,682 Mil. Therefore, Top Frontier Investment Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Top Frontier Investment Holdings's Return-on-Tangible-Equity or its related term are showing as below:
PHS:TFHI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
PHS:TFHI's Return-on-Tangible-Equity is ranked better than 99.82% of 553
companies
in the Conglomerates industry
Industry Median: 7.44
vs PHS:TFHI: Negative Tangible Equity
Top Frontier Investment Holdings (PHS:TFHI) 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.
Top Frontier Investment Holdings Return-on-Tangible-Equity Related Terms
Top Frontier Investment Holdings Return-on-Tangible-Equity Historical Data
* 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.
Top Frontier Investment Holdings Return-on-Tangible-Equity Chart
PHS:TFHI vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Top Frontier Investment 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.
Top Frontier Investment Holdings Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Top Frontier Investment Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Top Frontier Investment 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 Negative Tangible Equity% mean?
Top Frontier Investment Holdings (PHS:TFHI) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Top Frontier Investment Holdings and its competitors. According to the industry distribution chart, Top Frontier Investment Holdings ranks #1 out of 553 companies in the Conglomerates industry, placing it in the top 0.2%.
Is Top Frontier Investment Holdings' Return-on-Tangible-Equity too high?
Top Frontier Investment Holdings' current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Top Frontier Investment Holdings ranks #1 out of 553 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Top Frontier Investment Holdings has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Top Frontier Investment Holdings' Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Top Frontier Investment Holdings ranks #1 out of 553 companies for Return-on-Tangible-Equity. This places Top Frontier Investment Holdings in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.44. 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.44, based on 553 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. 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 Top Frontier Investment Holdings and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Frontier Investment Holdings's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Frontier Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Top Frontier Investment Holdings (PHS:TFHI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱65.60, compared to a current price of ₱53.05 — trading 19.1% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Top Frontier Investment Holdings' overall GF Score™ is 76/100 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 Top Frontier Investment Holdings (PHS:TFHI), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Top Frontier Investment Holdings (PHS:TFHI) Overvalued in 2026?
Based on GuruFocus' analysis, Top Frontier Investment Holdings stock appears to be undervalued.
The current stock price of ₱53.05 is trading 19.1% below its estimated GF Value™ of ₱65.60.
GuruFocus considers Top Frontier Investment Holdings to be Modestly Undervalued.
No single metric tells the full story. See the PHS:TFHI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Frontier Investment Holdings Business Description
Top Frontier Investment Holdings Inc is an investment holding company engaged in the processing and marketing of branded refrigerated processed meats and canned meat products. The Company operates through segments including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, real estate, mining, and others. It derives a key revenue from the energy segment, which focuses on the sale, retail, and distribution of power through various supply and service agreements to generators, distribution utilities, including Manila Electric Company (Meralco), electric cooperatives, industrial customers, and the National Grid Corporation of the Philippines (NGCP), as well as through the Philippine Wholesale Electricity Spot Market (WESM).
76GF Score
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