SM Prime HoldingsSPHXF 49 Return-on-Tangible-Equity is 9.92% as of Mar. 2026, which is 8% below its 10-year median of 10.80. GuruFocus rates SPHXF with a GF Score™ of 49/100 and a GF Value™ of $0.50 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,715 Real Estate companies, SM Prime Holdings ranks better than 73.82% 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. SM Prime Holdings's annualized net income for the quarter that ended in Mar. 2026 was $759 Mil. SM Prime Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $7,653 Mil. Therefore, SM Prime Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.92%.
The historical rank and industry rank for SM Prime Holdings's Return-on-Tangible-Equity or its related term are showing as below:
SPHXF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.9 Med: 10.8 Max: 13.22
Current: 10.71
During the past 13 years, SM Prime Holdings's highest Return-on-Tangible-Equity was 13.22%. The lowest was 5.90%. And the median was 10.80%.
SPHXF's Return-on-Tangible-Equity is ranked better than 73.82% of 1715
companies
in the Real Estate industry
Industry Median: 4.23
vs SPHXF: 10.71
SM Prime Holdings (OTCPK:SPHXF) 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.
SM Prime Holdings Return-on-Tangible-Equity Related Terms
SM Prime Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SM Prime 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.
SM Prime Holdings Return-on-Tangible-Equity Competitor Comparison
For the Real Estate - Diversified subindustry, SM Prime 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.
SM Prime Holdings Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, SM Prime Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SM Prime 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 9.92% mean?
SM Prime Holdings (SPHXF) has a Return-on-Tangible-Equity of 9.92% 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 SM Prime Holdings and its competitors. This is near median its historical median of 10.80. Over the past decade, SM Prime Holdings' Return-on-Tangible-Equity has ranged from 5.90 to 13.22. According to the industry distribution chart, SM Prime Holdings ranks #449 out of 1715 companies in the Real Estate industry, placing it in the top 26.2%.
Is SM Prime Holdings' Return-on-Tangible-Equity too high?
SM Prime Holdings' current Return-on-Tangible-Equity of 9.92% is near median its 10-year median of 10.80. Over the past 10 years, this metric has ranged from a low of 5.90 to a high of 13.22. The Real Estate industry median Return-on-Tangible-Equity is 4.23. SM Prime Holdings' value of 9.92% is 134.5% above this industry median. Based on the distribution chart, SM Prime Holdings ranks #449 out of 1715 companies in the Real Estate industry, which is above the industry midpoint. Overall, SM Prime Holdings has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Prime Holdings' Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, SM Prime Holdings ranks #449 out of 1715 companies for Return-on-Tangible-Equity. This puts SM Prime Holdings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.23. SM Prime Holdings' value of 9.92% is 134.5% above this benchmark. Historically, SM Prime Holdings' own Return-on-Tangible-Equity has ranged from 5.90 to 13.22 over the past decade. While the company's 10-year median is 10.80 vs. the industry median of 4.23, SM Prime 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.23, based on 1,715 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. SM Prime Holdings's current Return-on-Tangible-Equity of 9.92% is 134.5% 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 SM Prime Holdings and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Prime Holdings's current Return-on-Tangible-Equity is 9.92%, which is near median its own 10-year median of 10.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Prime Holdings stock overvalued right now?
Based on GuruFocus' analysis, SM Prime Holdings (SPHXF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.50, compared to a current price of $0.30 — trading 40.7% below its estimated fair value. The current Return-on-Tangible-Equity is 9.92%, which is near median its 10-year median of 10.80 and 134.5% above the Real Estate industry median of 4.23. SM Prime Holdings' overall GF Score™ is 49/100 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 SM Prime Holdings (SPHXF), the current Return-on-Tangible-Equity is 9.92% 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 SM Prime Holdings (SPHXF) Overvalued in 2026?
Based on GuruFocus' analysis, SM Prime Holdings stock appears to be undervalued.
The current stock price of $0.30 is trading 40.7% below its estimated GF Value™ of $0.50.
GuruFocus considers SM Prime Holdings to be Possible Value Trap.
Key valuation signals for SPHXF:
Return-on-Tangible-Equity: 9.92% (near median its 10-year median of 10.80)
GF Value™: $0.50 vs. price of $0.30 (40.7% below fair value)
Industry Position: 134.5% above the Real Estate median (#449 of 1715)
No single metric tells the full story. See the SPHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SM Prime Holdings Inc is an integrated property developer. It is engaged in acquiring and developing real estate, conducting and maintaining commercial shopping centers, and constructing and managing buildings such as condominiums, apartments, hotels, restaurants, stores, and other structures for mixed-use purposes. The company has four business segments, namely, malls, residential, commercial, and integrated property developments and hotels and convention centers. It generates maximum revenue from the Malls segment, which develops, conducts, operates, and maintains the business of commercial shopping centers for rent, amusement centers, or cinema theaters within the compound of the shopping centers.
49GF Score
Get the complete analysis for SPHXF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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