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Filipino (PSEi) Market Analysis & Valuation

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies251
  • 7D-0.7%
  • 3M-7.0%
  • 1Y-9.9%
  • YTD-4.8%

The market has stayed flat over the 7 days. Unfortunately though, the market is down 9.9% over the past year. Earnings are forecast to grow by 9.4% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026₱12.7t₱13.5t₱1.4t8.2x8.9x0.9x
Tue, 24 Mar 2026₱12.5t₱13.8t₱1.4t7.9x9x0.9x
Thu, 19 Feb 2026₱13.5t₱13.6t₱1.3t8.6x10.1x1x
Sat, 17 Jan 2026₱13.9t₱13.7t₱1.3t9x10.5x1x
Mon, 15 Dec 2025₱13.1t₱13.7t₱1.3t8.4x9.9x1x
Wed, 12 Nov 2025₱11.8t₱13.7t₱1.3t8x8.9x0.9x
Fri, 10 Oct 2025₱12.4t₱13.6t₱1.3t8.6x9.5x0.9x
Sun, 07 Sep 2025₱12.5t₱13.6t₱1.3t8.4x9.5x0.9x
Tue, 05 Aug 2025₱14.2t₱13.6t₱1.3t9.2x11.4x1x
Thu, 03 Jul 2025₱14.4t₱13.6t₱1.2t9.3x11.5x1.1x
Sat, 31 May 2025₱14.1t₱13.6t₱1.3t8.8x11.3x1x
Mon, 28 Apr 2025₱14.0t₱13.6t₱1.2t9.1x12x1x
Wed, 26 Mar 2025₱13.9t₱13.5t₱1.2t8.9x11.6x1x
Fri, 21 Feb 2025₱13.9t₱13.4t₱1.2t9.6x12.1x1x
Sun, 19 Jan 2025₱14.0t₱13.4t₱1.1t9.3x12.2x1x
Tue, 17 Dec 2024₱14.2t₱13.4t₱1.1t9.3x12.4x1.1x
Thu, 14 Nov 2024₱14.4t₱13.4t₱1.1t9.3x12.8x1.1x
Sat, 12 Oct 2024₱15.2t₱13.3t₱1.1t9.4x13.8x1.1x
Mon, 09 Sep 2024₱14.2t₱13.3t₱1.1t9.1x12.8x1.1x
Wed, 07 Aug 2024₱13.3t₱13.0t₱1.1t9x12x1x
Fri, 05 Jul 2024₱13.3t₱13.0t₱1.1t9.2x11.6x1x
Sun, 02 Jun 2024₱13.1t₱13.0t₱1.1t9.3x11.4x1x
Tue, 30 Apr 2024₱13.2t₱12.7t₱1.1t10x11.8x1x
Thu, 28 Mar 2024₱13.5t₱12.7t₱1.1t10x12.1x1.1x
Sat, 24 Feb 2024₱13.5t₱12.6t₱1.1t10x12.7x1.1x
Mon, 22 Jan 2024₱12.9t₱12.7t₱1.1t10.2x12.2x1x
Wed, 20 Dec 2023₱12.8t₱12.7t₱1.1t9.7x12.1x1x
Fri, 17 Nov 2023₱12.3t₱12.7t₱1.0t9.7x11.8x1x
Sun, 15 Oct 2023₱12.6t₱12.6t₱1.0t10.9x12.5x1x
Tue, 12 Sep 2023₱12.7t₱12.6t₱1.0t10.5x12.4x1x
Thu, 10 Aug 2023₱13.0t₱12.8t₱984.6b11x13.3x1x
Sat, 08 Jul 2023₱13.0t₱12.8t₱972.8b10.7x13.4x1x
Mon, 05 Jun 2023₱13.0t₱12.8t₱972.9b10.5x13.3x1x
Wed, 03 May 2023₱13.3t₱12.4t₱946.8b11.5x14x1.1x
Price to Earnings Ratio

14x


Total Market Cap: ₱13.3tTotal Earnings: ₱946.8bTotal Revenue: ₱12.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Market Price to Earnings3Y Average 11.7x202420252026
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 8.9x which is lower than its 3-year average PE of 11.7x.
Past Earnings Growth
  • The earnings for Filipino listed companies have grown 15% 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-0.72%
Healthcare1.83%
Consumer Discretionary1.53%
Telecom0.82%
Tech0.35%
Industrials0.15%
Energy-0.28%
Consumer Staples-0.47%
Utilities-0.59%
Real Estate-1.39%
Materials-2.14%
Financials-2.81%
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 38.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.7% which is higher than its past year's earnings decline of 0.1% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 25% over the next 5 years.
  • However this is lower than its past earnings growth rate of 81% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 2.3% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
SM SM Investments₱629.003.1%
+₱23.2b		-26.4%PE8.5xIndustrials
VLC Villar Land Holdings₱445.004.7%
+₱12.9b		-80.6%PE281.3xConsumer Discretionary
MER Manila Electric₱641.001.4%
+₱10.1b		16.2%PE14.1xUtilities
JGS JG Summit Holdings₱27.602.6%
+₱5.3b		60.7%PE5.8xIndustrials
DITO DITO CME Holdings₱1.0023.5%
+₱4.1b		-28.1%PS1.1xTelecom
See more

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Latest News

BPI
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1Y
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BDO
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BDO Unibank
7D
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1Y
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MER
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MER: Future Returns Will Rely On Dividends And Grid Digitalization Collaboration

Analysts have increased their fair value estimate for Manila Electric slightly, from ₱636.41 to ₱637.05. This reflects updated assumptions that include modestly lower revenue growth, a small uplift in profit margin and a largely unchanged forward P/E multiple.
AEV
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Aboitiz Equity Ventures
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1Y
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DITO
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DITO CME Holdings
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1Y
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ALI
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Ayala Land
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1Y
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ALI: Debt Funding And 2026 Dividends Will Support Future Upside

Analysts have trimmed their fair value estimate for Ayala Land from ₱32.05 to approximately ₱31.50. This reflects updated assumptions that incorporate a slightly higher discount rate, reduced revenue growth expectations, a modestly lower profit margin, and a marginally higher future P/E multiple.
MONDE
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Monde Nissin
7D
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1Y
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MONDE: Upcoming Cash Dividend Will Support Stronger Forward Re Rating

Analysts have kept their price target for Monde Nissin at ₱12.30, citing only marginal tweaks to assumptions for revenue growth, profit margins and future P/E that did not materially change their overall valuation view. What's in the News Monde Nissin Corporation's Board approved regular cash dividends of ₱0.24 per common share on March 25, 2026, for shareholders of record as of April 24, 2026, payable on or before May 21, 2026 (company board resolution).
CNVRG
₱12.70
Converge Information and Communications Technology Solutions
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4.6%
1Y
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AP
₱43.80
Aboitiz Power
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1Y
12.9%
TEL
₱1,282.00
PLDT
7D
0.9%
1Y
-3.3%

TEL: Future Cash Dividends Will Support Stronger Earnings Outlook

Analysts have maintained their ₱2,000 price target for PLDT, noting that higher assumed revenue growth and a lower profit margin outlook are balanced by a slightly higher future P/E multiple. What's in the News The Board of Directors will meet on February 26, 2026 to consider and approve a cash dividend declaration on PLDT common stock, the audited consolidated financial statements for the year ended December 31, 2025, and the appointment of Juancho Paolo L.
ACEN
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Acen
7D
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1Y
4.9%
PGOLD
₱42.70
Puregold Price Club
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2.2%
1Y
27.8%
JGS
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JG Summit Holdings
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2.6%
1Y
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AC
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Ayala
7D
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1Y
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SM
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SM Investments
7D
3.1%
1Y
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VLC
₱445.00
Villar Land Holdings
7D
4.7%
1Y
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