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Top Frontier Investment HoldingsPHS:TFHI 76 ROE % is 4.36% as of Mar. 2026, which is 79% above its 10-year median of 2.43. GuruFocus rates PHS:TFHI with a GF Score™ of 76/100 and a GF Value™ of ₱65.60 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 564 Conglomerates companies, Top Frontier Investment Holdings ranks worse than 65.78% on this metric.
PHS:TFHI'
s ROE % Range Over the Past 10 Years
Min: -8.24 Med: 2.43 Max: 10.68
Current: 2.78
During the past 13 years, Top Frontier Investment Holdings's highest ROE % was 10.68%. The lowest was -8.24%. And the median was 2.43%.
PHS:TFHI's ROE % is ranked worse than 65.78% of 564
companies
in the Conglomerates industry
Industry Median: 5.985
vs PHS:TFHI: 2.78
Top Frontier Investment Holdings (PHS:TFHI) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Top Frontier Investment Holdings ROE % Related Terms
Top Frontier Investment Holdings ROE % 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.
For the Conglomerates subindustry, Top Frontier Investment Holdings's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Top Frontier Investment Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where Top Frontier Investment Holdings's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Top Frontier Investment Holdings (PHS:TFHI) has a ROE % of 4.36% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Top Frontier Investment Holdings and its competitors. This is 79% above median its historical median of 2.43. According to the industry distribution chart, Top Frontier Investment Holdings ranks #371 out of 564 companies in the Conglomerates industry, placing it in the top 65.8%.
Is Top Frontier Investment Holdings' ROE % too high?
Top Frontier Investment Holdings' current ROE % of 4.36% is 79% above median its 10-year median of 2.43. The Conglomerates industry median ROE % is 5.99. Top Frontier Investment Holdings' value of 4.36% is 27.2% below this industry median. Based on the distribution chart, Top Frontier Investment Holdings ranks #371 out of 564 companies in the Conglomerates industry, which is below the industry midpoint. 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' ROE % compare to HON and MMM?
According to the Conglomerates industry distribution chart, Top Frontier Investment Holdings ranks #371 out of 564 companies for ROE %. This places Top Frontier Investment Holdings in the lower half of its industry. The industry median ROE % is 5.99. Top Frontier Investment Holdings' value of 4.36% is 27.2% below this benchmark. While the company's 10-year median is 2.43 vs. the industry median of 5.99, Top Frontier Investment Holdings has consistently been below 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 ROE % for a Conglomerates company?
The median ROE % among Conglomerates companies is 5.99, based on 564 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Top Frontier Investment Holdings's current ROE % of 4.36% is 27.2% below 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Top Frontier Investment Holdings and its competitors. For the Conglomerates industry, the median ROE % is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Frontier Investment Holdings's current ROE % is 4.36%, which is 79% above median its own 10-year median of 2.43. 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 ROE % is 4.36%, which is 79% above median its 10-year median of 2.43 and 27.2% below the Conglomerates industry median of 5.99. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Top Frontier Investment Holdings (PHS:TFHI), the current ROE % is 4.36% 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.
Key valuation signals for PHS:TFHI:
ROE %: 4.36% (79% above median its 10-year median of 2.43)
GF Value™: ₱65.60 vs. price of ₱53.05 (19.1% below fair value)
Industry Position: 27.2% below the Conglomerates median (#371 of 564)
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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