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Filipino (PSEi) Market Analysis & Valuation

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies253
  • 7D0.003%
  • 3M0.6%
  • 1Y-7.7%
  • YTD-8.1%

The market has been flat over the last week. As for last year, the market is down 7.7%. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025₱13.2t₱13.7t₱1.3t8.5x9.9x1x
Sun, 23 Nov 2025₱13.1t₱13.7t₱1.3t8.3x9.7x1x
Tue, 21 Oct 2025₱12.5t₱13.6t₱1.3t8.6x9.5x0.9x
Thu, 18 Sep 2025₱12.6t₱13.6t₱1.3t8.6x9.6x0.9x
Sat, 16 Aug 2025₱12.7t₱13.7t₱1.3t8.7x9.7x0.9x
Mon, 14 Jul 2025₱14.5t₱13.6t₱1.2t9.3x11.6x1.1x
Wed, 11 Jun 2025₱14.3t₱13.6t₱1.2t9.1x11.4x1x
Fri, 09 May 2025₱14.2t₱13.6t₱1.2t9x11.9x1x
Sun, 06 Apr 2025₱13.8t₱13.5t₱1.2t9.2x11.6x1x
Tue, 04 Mar 2025₱13.7t₱13.4t₱1.2t9.3x11.7x1x
Thu, 30 Jan 2025₱13.7t₱13.4t₱1.1t9.3x11.9x1x
Sat, 28 Dec 2024₱14.2t₱13.4t₱1.1t9.3x12.4x1.1x
Mon, 25 Nov 2024₱14.4t₱13.5t₱1.1t9.4x12.5x1.1x
Wed, 23 Oct 2024₱15.5t₱13.3t₱1.1t9.6x14x1.2x
Fri, 20 Sep 2024₱14.6t₱13.3t₱1.1t9.1x13.3x1.1x
Sun, 18 Aug 2024₱13.9t₱13.3t₱1.1t9.1x12.1x1x
Tue, 16 Jul 2024₱13.5t₱13.0t₱1.1t9.2x11.8x1x
Thu, 13 Jun 2024₱13.0t₱13.0t₱1.1t9.2x11.4x1x
Sat, 11 May 2024₱13.0t₱12.8t₱1.1t9.8x11.3x1x
Mon, 08 Apr 2024₱13.3t₱12.7t₱1.1t10.5x12x1x
Wed, 06 Mar 2024₱13.4t₱12.7t₱1.1t10.5x12.6x1.1x
Fri, 02 Feb 2024₱13.1t₱12.7t₱1.1t10.2x12.3x1x
Sun, 31 Dec 2023₱12.8t₱12.7t₱1.1t10.2x12.1x1x
Tue, 28 Nov 2023₱12.5t₱12.7t₱1.1t10x11.8x1x
Thu, 26 Oct 2023₱12.2t₱12.6t₱1.0t10.1x12.1x1x
Sat, 23 Sep 2023₱12.4t₱12.6t₱1.0t10.5x12.2x1x
Mon, 21 Aug 2023₱12.7t₱12.8t₱1.0t10.4x12.5x1x
Wed, 19 Jul 2023₱13.1t₱12.8t₱972.2b11.1x13.5x1x
Fri, 16 Jun 2023₱12.9t₱12.8t₱973.1b10.5x13.2x1x
Sun, 14 May 2023₱13.2t₱12.6t₱940.1b12.3x14x1x
Tue, 11 Apr 2023₱13.1t₱12.1t₱920.8b11x14.2x1.1x
Thu, 09 Mar 2023₱13.4t₱11.7t₱1.1t11.3x12.6x1.1x
Sat, 04 Feb 2023₱13.8t₱11.6t₱1.0t11.6x13.5x1.2x
Mon, 02 Jan 2023₱12.9t₱11.6t₱1.0t11x12.6x1.1x
Price to Earnings Ratio

12.6x


Total Market Cap: ₱12.9tTotal Earnings: ₱1.0tTotal Revenue: ₱11.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Market Price to Earnings3Y Average 12x20242025
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 Market0.0033%
Materials2.50%
Healthcare2.21%
Real Estate0.92%
Consumer Staples0.50%
Financials0.28%
Energy-0.042%
Industrials-0.17%
Utilities-0.63%
Telecom-1.08%
Consumer Discretionary-1.34%
Tech-2.82%
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 25.1%, 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 33% 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?

CompanyLast Price7D1YValuationSector
ICT International Container Terminal Services₱570.003.7%
+₱41.4b		47.7%PE20.5xIndustrials
SMPH SM Prime Holdings₱23.606.3%
+₱40.4b		-6.2%PE13.9xReal Estate
BDO BDO Unibank₱135.005.5%
+₱37.3b		-5.4%PB1.2xFinancials
BPI Bank of the Philippine Islands₱119.603.1%
+₱19.0b		-2.0%PB1.3xFinancials
ALI Ayala Land₱22.455.4%
+₱16.6b		-14.3%PE11.4xReal Estate
See more

Market Insights

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Latest News

ALI
₱22.45
Ayala Land
7D
5.4%
1Y
-14.3%

ALI: Regular Cash Dividends Will Support Share Price Upside Into Late 2025

Analysts have slightly lowered their price target for Ayala Land to PHP 32.37 from PHP 32.83, citing marginally softer expectations for revenue growth and profit margins, even though the discount rate has been modestly reduced and a slightly higher future P/E multiple has been assumed. What's in the News Board meeting scheduled for October 29, 2025, to consider declaration of a regular cash dividend of PHP 0.2928 per common share for the second half of 2025 (Key Developments) Board approved a regular cash dividend of PHP 0.2928 per common share for the second half of 2025 at the October 28, 2025, meeting, with record date on November 12, 2025, and payment date on November 26, 2025 (Key Developments) Valuation Changes Fair Value: Lowered slightly to ₱32.37 from ₱32.83, reflecting a modest reduction of about 1.4 percent.
BPI
₱119.60
Bank of the Philippine Islands
7D
3.1%
1Y
-2.0%

BPI: Steady Dividend And Merger Plans Will Support Bullish Outlook

Analysts have trimmed their price target for Bank of the Philippine Islands slightly, citing marginally lower assumed revenue growth and discount rates, offset by a modestly higher projected profit margin and a slightly cheaper future price to earnings multiple. This results in an updated fair value estimate that remains effectively unchanged at PHP 150.31.
SPC
₱9.42
SPC Power
7D
-11.8%
1Y
4.6%
AP
₱43.00
Aboitiz Power
7D
2.4%
1Y
14.1%

AP: Large Solar Expansion And Index Inclusion Will Support Bullish Outlook

Analysts have trimmed their price target on Aboitiz Power slightly, holding it at PHP 54.30, reflecting modestly higher discount rate assumptions and slightly softer long term revenue growth and profit margin forecasts. What's in the News Aboitiz Power Corp.
BDO
₱135.00
BDO Unibank
7D
5.5%
1Y
-5.4%
JFC
₱179.00
Jollibee Foods
7D
-1.1%
1Y
-33.5%

JFC: Rising Dividend And Brand Collaborations Will Support Bullish Upside Potential

Analysts have modestly raised their price target on Jollibee Foods to roughly $207 per share from about $200. This reflects a slightly higher assumed future valuation multiple that more than offsets marginal trims to long term revenue growth and profit margin forecasts.
PLUS
₱15.60
DigiPlus Interactive
7D
-4.9%
1Y
-42.5%
SMC
₱81.95
San Miguel
7D
-1.0%
1Y
-4.7%
SGP
₱16.56
Synergy Grid & Development Phils
7D
-1.8%
1Y
69.0%
SMPH
₱23.60
SM Prime Holdings
7D
6.3%
1Y
-6.2%
AEV
₱27.50
Aboitiz Equity Ventures
7D
7.4%
1Y
-19.9%
AREIT
₱43.45
AREIT
7D
-1.3%
1Y
14.5%
PGOLD
₱37.30
Puregold Price Club
7D
-4.4%
1Y
20.9%
ICT
₱570.00
International Container Terminal Services
7D
3.7%
1Y
47.7%
APX
₱12.94
Apex Mining
7D
11.2%
1Y
275.1%
HVN
₱1,000.00
Villar Land Holdings
7D
-2.4%
1Y
-55.5%