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Filipino (PSEi) Market Analysis & Valuation
UpdatedDec 18, 2025
DataAggregated Company Financials
Companies253
- 7D-0.1%
- 3M-1.7%
- 1Y-6.6%
- YTD-7.7%
Over the last 7 days, the market has remained flat, although notably the Financials sector gained 5.3% in that time. As for last year, the market is down 6.6%. As for the next few years, earnings are expected to grow by 11% per annum.
Market Valuation and Performance
Has the Filipino Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Dec 2025 | ₱13.2t | ₱13.7t | ₱1.3t | 8.5x | 9.9x | 1x |
| Sat, 15 Nov 2025 | ₱12.5t | ₱13.7t | ₱1.3t | 8.1x | 9.3x | 0.9x |
| Mon, 13 Oct 2025 | ₱12.4t | ₱13.6t | ₱1.3t | 8.6x | 9.4x | 0.9x |
| Wed, 10 Sep 2025 | ₱12.5t | ₱13.6t | ₱1.3t | 8.6x | 9.5x | 0.9x |
| Fri, 08 Aug 2025 | ₱14.3t | ₱13.6t | ₱1.3t | 9.2x | 11.4x | 1x |
| Sun, 06 Jul 2025 | ₱14.3t | ₱13.6t | ₱1.2t | 9.2x | 11.4x | 1x |
| Tue, 03 Jun 2025 | ₱14.2t | ₱13.6t | ₱1.3t | 9x | 11.3x | 1x |
| Thu, 01 May 2025 | ₱14.1t | ₱13.6t | ₱1.2t | 9.3x | 12.2x | 1x |
| Sat, 29 Mar 2025 | ₱13.9t | ₱13.5t | ₱1.2t | 8.9x | 11.6x | 1x |
| Mon, 24 Feb 2025 | ₱13.9t | ₱13.4t | ₱1.2t | 9.6x | 12x | 1x |
| Wed, 22 Jan 2025 | ₱14.0t | ₱13.4t | ₱1.1t | 9.4x | 12.2x | 1x |
| Fri, 20 Dec 2024 | ₱13.9t | ₱13.5t | ₱1.1t | 9.2x | 12.1x | 1x |
| Sun, 17 Nov 2024 | ₱14.3t | ₱13.5t | ₱1.2t | 9.3x | 12.4x | 1.1x |
| Tue, 15 Oct 2024 | ₱15.2t | ₱13.3t | ₱1.1t | 9.4x | 13.8x | 1.1x |
| Thu, 12 Sep 2024 | ₱14.2t | ₱13.3t | ₱1.1t | 9.3x | 12.9x | 1.1x |
| Sat, 10 Aug 2024 | ₱13.6t | ₱13.1t | ₱1.1t | 9.1x | 12.3x | 1x |
| Mon, 08 Jul 2024 | ₱13.2t | ₱13.0t | ₱1.1t | 9.1x | 11.6x | 1x |
| Wed, 05 Jun 2024 | ₱13.0t | ₱13.0t | ₱1.1t | 9.3x | 11.3x | 1x |
| Fri, 03 May 2024 | ₱13.1t | ₱12.7t | ₱1.1t | 10.2x | 11.6x | 1x |
| Sun, 31 Mar 2024 | ₱13.5t | ₱12.7t | ₱1.1t | 10x | 12.1x | 1.1x |
| Tue, 27 Feb 2024 | ₱13.4t | ₱12.6t | ₱1.1t | 10.1x | 12.7x | 1.1x |
| Thu, 25 Jan 2024 | ₱13.2t | ₱12.7t | ₱1.1t | 10.1x | 12.4x | 1x |
| Sat, 23 Dec 2023 | ₱12.7t | ₱12.7t | ₱1.1t | 9.9x | 12x | 1x |
| Mon, 20 Nov 2023 | ₱12.4t | ₱12.7t | ₱1.1t | 9.7x | 11.8x | 1x |
| Wed, 18 Oct 2023 | ₱12.6t | ₱12.6t | ₱1.0t | 10.7x | 12.5x | 1x |
| Fri, 15 Sep 2023 | ₱12.5t | ₱12.6t | ₱1.0t | 10.7x | 12.3x | 1x |
| Sun, 13 Aug 2023 | ₱12.9t | ₱12.9t | ₱999.1b | 10x | 12.9x | 1x |
| Tue, 11 Jul 2023 | ₱12.9t | ₱12.8t | ₱972.9b | 10.5x | 13.2x | 1x |
| Thu, 08 Jun 2023 | ₱13.1t | ₱12.8t | ₱972.9b | 10.7x | 13.4x | 1x |
| Sat, 06 May 2023 | ₱13.4t | ₱12.4t | ₱925.6b | 11.4x | 14.4x | 1.1x |
| Mon, 03 Apr 2023 | ₱13.1t | ₱11.9t | ₱1.0t | 11.1x | 13.1x | 1.1x |
| Wed, 01 Mar 2023 | ₱13.2t | ₱11.7t | ₱1.0t | 11.3x | 12.8x | 1.1x |
| Fri, 27 Jan 2023 | ₱13.8t | ₱11.6t | ₱1.0t | 11.4x | 13.4x | 1.2x |
| Sun, 25 Dec 2022 | ₱12.8t | ₱11.6t | ₱1.0t | 10.9x | 12.5x | 1.1x |
Price to Earnings Ratio
12.5x
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 9.9x which is lower than its 3-year average PE of 12.0x.
Past Earnings Growth
- The earnings for Filipino listed companies have grown 9.1% per year over the last three years.
- Revenues for these companies have grown 5.5% 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 | -0.10% | |
| Financials | 5.31% | |
| Materials | 2.83% | |
| Utilities | 2.69% | |
| Real Estate | 1.59% | |
| Energy | 0.55% | |
| Industrials | 0.27% | |
| Telecom | 0.096% | |
| Consumer Staples | 0.051% | |
| Tech | -0.24% | |
| Healthcare | -0.28% | |
| Consumer Discretionary | -17.19% | |
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 40.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 24.2%, which is higher than its past year's earnings growth of 4.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 32% over the next 5 years.
- However this is lower than its past earnings growth rate of 61% per year.
- In contrast, the Real Estate sector is expected to see its earnings grow by 2.8% per year 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 | |
|---|---|---|---|---|---|---|
| BDO BDO Unibank | ₱130.60 | 7.0% +₱45.9b | -10.9% | PB1.1x | Financials | |
| BPI Bank of the Philippine Islands | ₱118.70 | 2.3% +₱14.3b | -2.7% | PB1.3x | Financials | |
| CBC China Banking | ₱56.00 | 10.3% +₱14.1b | -9.8% | PB0.8x | Financials | |
| SMPH SM Prime Holdings | ₱22.50 | 1.8% +₱11.5b | -9.6% | PE13.2x | Real Estate | |
| MBT Metropolitan Bank & Trust | ₱68.05 | 3.1% +₱9.2b | -7.2% | PB0.8x | Financials |
