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Filipino (PSEi) Market Analysis & Valuation

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies253
  • 7D0.03%
  • 3M7.2%
  • 1Y-0.8%
  • YTD2.3%

The Healthcare sector gained 5.5% while the market remained flat over the last week. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026₱13.7t₱13.7t₱1.3t9x10.3x1x
Sat, 27 Dec 2025₱13.2t₱13.7t₱1.3t8.6x9.9x1x
Mon, 24 Nov 2025₱13.1t₱13.7t₱1.3t8.3x9.8x1x
Wed, 22 Oct 2025₱12.4t₱13.6t₱1.3t8.6x9.5x0.9x
Fri, 19 Sep 2025₱12.7t₱13.6t₱1.3t8.6x9.7x0.9x
Sun, 17 Aug 2025₱12.7t₱13.7t₱1.3t8.9x9.7x0.9x
Tue, 15 Jul 2025₱14.5t₱13.6t₱1.2t9.3x11.6x1.1x
Thu, 12 Jun 2025₱14.3t₱13.6t₱1.2t9x11.5x1.1x
Sat, 10 May 2025₱14.3t₱13.6t₱1.2t9.1x12x1x
Mon, 07 Apr 2025₱13.8t₱13.5t₱1.2t9.2x11.6x1x
Wed, 05 Mar 2025₱13.7t₱13.5t₱1.2t9.2x11.7x1x
Fri, 31 Jan 2025₱13.6t₱13.4t₱1.1t9.3x11.9x1x
Sun, 29 Dec 2024₱14.2t₱13.4t₱1.1t9.3x12.4x1.1x
Tue, 26 Nov 2024₱14.5t₱13.5t₱1.1t9.4x12.6x1.1x
Thu, 24 Oct 2024₱15.3t₱13.3t₱1.1t9.8x13.9x1.2x
Sat, 21 Sep 2024₱14.7t₱13.3t₱1.1t9.2x13.3x1.1x
Mon, 19 Aug 2024₱13.9t₱13.3t₱1.1t9.1x12.1x1x
Wed, 17 Jul 2024₱13.5t₱13.0t₱1.1t9.4x11.8x1x
Fri, 14 Jun 2024₱13.0t₱13.0t₱1.1t9.2x11.3x1x
Sun, 12 May 2024₱13.0t₱12.8t₱1.2t9.8x11.3x1x
Tue, 09 Apr 2024₱13.3t₱12.7t₱1.1t10.5x12x1x
Thu, 07 Mar 2024₱13.4t₱12.7t₱1.1t10.6x12.6x1.1x
Sat, 03 Feb 2024₱13.2t₱12.7t₱1.1t10.2x12.4x1x
Mon, 01 Jan 2024₱12.8t₱12.7t₱1.1t10.2x12.1x1x
Wed, 29 Nov 2023₱12.5t₱12.7t₱1.1t10x11.8x1x
Fri, 27 Oct 2023₱12.3t₱12.6t₱1.0t9.9x12.1x1x
Sun, 24 Sep 2023₱12.5t₱12.7t₱1.0t10.5x12.2x1x
Tue, 22 Aug 2023₱12.7t₱12.8t₱1.0t10.4x12.5x1x
Thu, 20 Jul 2023₱13.1t₱12.8t₱972.4b11x13.5x1x
Sat, 17 Jun 2023₱12.9t₱12.8t₱972.9b10.5x13.3x1x
Mon, 15 May 2023₱13.2t₱12.6t₱940.1b12.3x14x1x
Wed, 12 Apr 2023₱13.1t₱12.1t₱921.1b11.2x14.2x1.1x
Fri, 10 Mar 2023₱13.3t₱11.7t₱1.1t11.3x12.5x1.1x
Sun, 05 Feb 2023₱13.8t₱11.6t₱1.0t11.6x13.5x1.2x
Price to Earnings Ratio

13.5x


Total Market Cap: ₱13.8tTotal Earnings: ₱1.0tTotal Revenue: ₱11.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Market Price to Earnings3Y Average 11.9x202420252026
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 10.3x which is lower than its 3-year average PE of 11.9x.
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 Market0.027%
Healthcare5.47%
Materials3.16%
Industrials1.45%
Energy1.16%
Utilities0.46%
Financials0.42%
Telecom0.10%
Consumer Discretionary-1.40%
Real Estate-2.11%
Consumer Staples-2.28%
Tech-3.90%
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 39.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 25.9%, which is higher than its past year's earnings growth of 2.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 30% 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 3.9% 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₱645.003.2%
+₱40.4b		84.7%PE23.2xIndustrials
NIKL Nickel Asia₱5.4020.0%
+₱12.5b		78.8%PE18.1xMaterials
MER Manila Electric₱592.001.9%
+₱12.4b		24.9%PE13.6xUtilities
AC Ayala₱541.003.4%
+₱11.2b		-2.1%PE6.4xIndustrials
BDO BDO Unibank₱139.601.3%
+₱9.6b		-0.8%PB1.2xFinancials
See more

Market Insights

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Latest News

BDO
₱139.60
BDO Unibank
7D
1.3%
1Y
-0.8%
MER
₱592.00
Manila Electric
7D
1.9%
1Y
24.9%

MER: Board Calendar And Steady P/E Assumptions Will Support Fair Outlook

Analysts have raised their price target for Manila Electric to ₱614.25 from ₱603.38, reflecting updated assumptions that include slightly softer revenue growth, a small improvement in profit margin, and a marginally higher future P/E of 14.92x. What's in the News Board meeting set for January 26, 2026, to review and approve the agenda and notice for the annual stockholders' meeting scheduled on June 30, 2026, at 10:00 a.m. (Key Developments) Directors will consider April 10, 2026, as the record date for determining stockholders entitled to receive notice of and vote at the June 30, 2026, annual stockholders' meeting.
NIKL
₱5.40
Nickel Asia
7D
20.0%
1Y
78.8%

NIKL: Softer Revenue Outlook And Higher Discount Rate Will Pressure Shares

Analysts have trimmed their fair value estimate for Nickel Asia from $3.85 to $3.58, citing more cautious assumptions on revenue growth, profit margins and a higher discount rate, which are partly offset by a higher future P/E multiple. What's in the News A board meeting is scheduled for November 11, 2025, with an agenda that includes promotion and appointment, expansion of role, change of scope and title, and other related matters.
FB
₱52.95
San Miguel Food and Beverage
7D
-4.6%
1Y
3.8%
VLC
₱934.00
Villar Land Holdings
7D
-2.5%
1Y
-58.0%
BPI
₱115.00
Bank of the Philippine Islands
7D
-2.4%
1Y
-8.4%

BPI: Dividend And Planned Microfinance Merger Will Support Future Upside

Analysts have nudged their fair value estimate for Bank of the Philippine Islands slightly higher from ₱148.73 to ₱148.98, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E that together point to a modestly improved risk and earnings profile. What's in the News A board meeting is scheduled on November 19, 2025 to consider and approve a cash dividend of ₱2.28 per common share for stockholders of record as of December 3, 2025, for the second semester of 2025, with payment set for December 18, 2025 (company disclosure).
SPNEC
₱1.28
SP New Energy
7D
13.3%
1Y
12.3%
ALI
₱21.50
Ayala Land
7D
-4.4%
1Y
-12.8%

Mall, Office And Hospitality Expansion Will Support A Stronger Long Term Outlook

Catalysts About Ayala Land Ayala Land is a Philippine real estate company with businesses across residential development, malls, offices, hotels, resorts and industrial properties. What are the underlying business or industry changes driving this perspective?
ICT
₱645.00
International Container Terminal Services
7D
3.2%
1Y
84.7%
ACEN
₱2.79
Acen
7D
-7.0%
1Y
-19.8%
AC
₱541.00
Ayala
7D
3.4%
1Y
-2.1%
RCR
₱7.45
RL Commercial REIT
7D
-7.9%
1Y
26.3%
SMPH
₱22.30
SM Prime Holdings
7D
-1.3%
1Y
-5.1%
JGS
₱27.50
JG Summit Holdings
7D
3.4%
1Y
59.0%
PGOLD
₱36.40
Puregold Price Club
7D
-7.8%
1Y
31.2%
AT
₱9.11
Atlas Consolidated Mining and Development
7D
23.1%
1Y
128.3%