Filipino (PSEi) Market Analysis & Valuation

Market Valuation and Performance

Has the Filipino Market valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 11 Aug 2026	₱13.0t	₱14.0t	₱1.4t	8x	9.1x	0.9x
Thu, 09 Jul 2026	₱12.9t	₱13.9t	₱1.4t	8.1x	9.1x	0.9x
Sat, 06 Jun 2026	₱12.7t	₱13.9t	₱1.4t	7.8x	8.8x	0.9x
Mon, 04 May 2026	₱12.6t	₱13.5t	₱1.4t	8.3x	8.9x	0.9x
Wed, 01 Apr 2026	₱12.7t	₱13.8t	₱1.4t	7.9x	8.9x	0.9x
Fri, 27 Feb 2026	₱13.9t	₱13.7t	₱1.4t	8.7x	10.3x	1x
Sun, 25 Jan 2026	₱13.7t	₱13.7t	₱1.3t	9x	10.3x	1x
Tue, 23 Dec 2025	₱13.2t	₱13.7t	₱1.3t	8.5x	9.9x	1x
Thu, 20 Nov 2025	₱12.4t	₱13.7t	₱1.3t	8.2x	9.3x	0.9x
Sat, 18 Oct 2025	₱12.5t	₱13.6t	₱1.3t	8.4x	9.5x	0.9x
Mon, 15 Sep 2025	₱12.5t	₱13.6t	₱1.3t	8.6x	9.5x	0.9x
Wed, 13 Aug 2025	₱14.2t	₱13.7t	₱1.3t	9.1x	11.3x	1x
Fri, 11 Jul 2025	₱14.5t	₱13.6t	₱1.2t	9.3x	11.6x	1.1x
Sun, 08 Jun 2025	₱14.3t	₱13.6t	₱1.2t	9.1x	11.5x	1.1x
Tue, 06 May 2025	₱14.1t	₱13.6t	₱1.2t	9.2x	11.9x	1x
Thu, 03 Apr 2025	₱14.1t	₱13.5t	₱1.2t	9.1x	11.8x	1x
Sat, 01 Mar 2025	₱13.6t	₱13.4t	₱1.2t	9.4x	11.6x	1x
Mon, 27 Jan 2025	₱13.9t	₱13.4t	₱1.1t	9.3x	12.1x	1x
Wed, 25 Dec 2024	₱14.1t	₱13.4t	₱1.1t	9.2x	12.3x	1.1x
Fri, 22 Nov 2024	₱14.4t	₱13.5t	₱1.2t	9.5x	12.5x	1.1x
Sun, 20 Oct 2024	₱15.5t	₱13.3t	₱1.1t	9.7x	14x	1.2x
Tue, 17 Sep 2024	₱14.4t	₱13.3t	₱1.1t	9.1x	13.1x	1.1x
Thu, 15 Aug 2024	₱13.7t	₱13.0t	₱1.2t	9.3x	11.8x	1x
Sat, 13 Jul 2024	₱13.5t	₱13.0t	₱1.1t	9.3x	11.8x	1x
Mon, 10 Jun 2024	₱13.2t	₱13.0t	₱1.1t	9.3x	11.5x	1x
Wed, 08 May 2024	₱13.1t	₱12.7t	₱1.1t	9.9x	11.6x	1x
Fri, 05 Apr 2024	₱13.4t	₱12.7t	₱1.1t	10.3x	12x	1.1x
Sun, 03 Mar 2024	₱13.5t	₱12.7t	₱1.1t	10.2x	12.6x	1.1x
Tue, 30 Jan 2024	₱13.1t	₱12.7t	₱1.1t	10.1x	12.3x	1x
Thu, 28 Dec 2023	₱12.7t	₱12.7t	₱1.1t	10x	12x	1x
Sat, 25 Nov 2023	₱12.4t	₱12.7t	₱1.1t	10x	11.7x	1x
Mon, 23 Oct 2023	₱12.4t	₱12.6t	₱1.0t	10.5x	12.3x	1x
Wed, 20 Sep 2023	₱12.3t	₱12.6t	₱1.0t	10.1x	12.1x	1x
Fri, 18 Aug 2023	₱12.9t	₱12.8t	₱1.0t	11.1x	12.6x	1x

Current Market PE

Investors are pessimistic on the Filipino market, indicating that they anticipate earnings will not grow as fast as they have historically.

The market is trading at a PE ratio of 9.1x which is lower than its 3-year average PE of 11.2x.

Past Earnings Growth

The earnings for Filipino listed companies have grown 12% per year over the last three years.
Revenues for these companies have grown 3.0% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Filipino Market?


PH Market	-0.29%
Tech	9.13%
Materials	5.96%
Consumer Staples	0.31%
Consumer Discretionary	0.16%
Real Estate	-0.045%
Utilities	-0.27%
Industrials	-0.50%
Financials	-1.16%
Telecom	-1.65%
Healthcare	-1.82%
Energy	-4.32%

Sector PE

Investors favour the Consumer Discretionary sector the most for future growth even though it's trading below its 3-year average PE ratio of 37.1x.

The market's confidence is likely because analysts are expecting annual earnings growth of 20.4% which is higher than its past year's earnings decline of 2.3% per year.

The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.5x.

Forecasted Growth

Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 28% over the next 5 years.
However this is lower than its past earnings growth rate of 55% per year.

In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation	Sector
SMPH SM Prime Holdings	₱19.10	3.8% +₱20.0b	-19.2%	PE11.2x	Real Estate
ALI Ayala Land	₱16.10	4.5% +₱10.0b	-40.8%	PE6.1x	Real Estate
FGEN First Gen	₱21.30	13.4% +₱9.1b	26.8%	PE5.9x	Utilities
AT Atlas Consolidated Mining and Development	₱16.00	17.5% +₱8.5b	354.5%	PE71.1x	Materials
DHI Dominion Holdings	₱11.80	48.1% +₱8.3b	875.2%	PE196.7x	Financials

Company

Last Price

Valuation

Sector

SMPH SM Prime Holdings

₱19.10

3.8%
+₱20.0b

-19.2%

PE11.2x

Real Estate

ALI Ayala Land

₱16.10

4.5%
+₱10.0b

-40.8%

PE6.1x

Real Estate

FGEN First Gen

₱21.30

13.4%
+₱9.1b

26.8%

PE5.9x

Utilities

AT Atlas Consolidated Mining and Development

₱16.00

17.5%
+₱8.5b

354.5%

PE71.1x

Materials

DHI Dominion Holdings

₱11.80

48.1%
+₱8.3b

875.2%

PE196.7x

Financials

Aboitiz Power Corporation Announces Board and Committee Appointments, Effective July 28, 2026

Aboitiz Power Corporation held its regular Board meeting on July 28, 2026. The company approved the appointment of Mr. Masakazu Dobashi as Director of the Company, effective July 28, 2026. Mr. Dobashi, 52 years old, Japanese, currently serves as President of JERA Philippines since October 2025. He began his professional career in 1997 at KPMG Century Audit Corporation (currently ShinNihon Audit Corporation), where he conducted statutory audits for Japanese listed companies and multinational corporations, building a strong foundation in financial analysis and corporate governance. In 2004, Mr. Dobashi joined GCA Corporation (currently Houlihan Lokey), where he specialized in M&A advisory services. During this time, he advised corporate clients on a wide range of transactions, including deal structuring, financing, business valuation, and negotiations. Mr. Dobashi joined JERA Co. Inc. in 2020 at its headquarters in Japan, where he was involved in corporate level financial and strategic initiatives. He subsequently assumed the role of Chief Financial Officer of JERA Asia Private Limited in Singapore from 2022 to February 2026, overseeing finance, accounting, and tax functions across the region and supporting JERA's expansion and investment activities in multiple jurisdictions. Mr. Dobashi holds a Bachelor of Economics from Saitama University and is a Certified Public Accountant in Japan. He is not affiliated with any government agency or instrumentality, and neither does he serve as a director for any other Philippine publicly listed company. The company also approved appointments to various Board Committees, effective July 28, 2026: Ms. Estela M. Perlas-Bernabe was designated as Chairperson of the Board Corporate Governance and Sustainability Committee, Mr. Masakazu Dobashi was appointed as Non-Voting Observer of the Board Corporate Governance and Sustainability Committee, Member of the Board Risk and Reputation Management Committee, and Member of the Board Related Party Transactions Committee.

Filipino (PSEi) Market Analysis & Valuation

Market Valuation and Performance

Sector Trends

Top Stock Gainers and Losers

Market Insights

What Korea's market says about your index fund

Latest News

Second quarter 2026 earnings: EPS and revenues exceed analyst expectations

Second quarter dividend of ₱25.00 announced

Now 20% undervalued after recent price drop

Second quarter 2026 earnings released: EPS: ₱1.12 (vs ₱0.96 in 2Q 2025)

Investor sentiment improves as stock rises 23%

Independent Director recently bought ₱20m worth of stock

Consensus revenue estimates increase by 10%

Now 21% undervalued

Now 21% overvalued

Aboitiz Power Corporation Announces Board and Committee Appointments, Effective July 28, 2026

EMI: Lower Margins And Reduced Future P/E Will Pressure Returns

Ayala Land, Inc. to Report First Half, 2026 Results on Aug 05, 2026

SM Prime Holdings, Inc. to Report Q2, 2026 Results on Aug 10, 2026

SP New Energy Corporation Approves Election of Alicia G. Brion as Chief Financial Officer

Non-Executive Director recently bought ₱15m worth of stock

Investor sentiment improves as stock rises 20%