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Filipino (PSEi) Market Analysis & Valuation

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies253
  • 7D2.3%
  • 3M2.3%
  • 1Y-6.3%
  • YTD1.0%

The market is up 2.3% over the last week, with the Consumer Discretionary sector leading the way, up 7.8%. Over the past year the market is down 6.3%. 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
Tue, 06 Jan 2026₱13.6t₱13.7t₱1.3t8.8x10.2x1x
Thu, 04 Dec 2025₱13.2t₱13.7t₱1.3t8.4x9.9x1x
Sat, 01 Nov 2025₱12.2t₱13.6t₱1.3t8.5x9.3x0.9x
Mon, 29 Sep 2025₱12.4t₱13.6t₱1.3t8.5x9.4x0.9x
Wed, 27 Aug 2025₱12.5t₱13.6t₱1.3t8.5x9.5x0.9x
Fri, 25 Jul 2025₱14.4t₱13.6t₱1.2t9.1x11.6x1.1x
Sun, 22 Jun 2025₱14.3t₱13.6t₱1.2t9.3x11.4x1x
Tue, 20 May 2025₱14.3t₱13.6t₱1.3t9x11.4x1x
Thu, 17 Apr 2025₱13.9t₱13.5t₱1.2t9.1x11.5x1x
Sat, 15 Mar 2025₱14.1t₱13.5t₱1.2t9.2x11.8x1x
Mon, 10 Feb 2025₱13.7t₱11.9t₱1.2t9.5x11.9x1.2x
Wed, 08 Jan 2025₱14.2t₱13.4t₱1.1t9.5x12.4x1.1x
Fri, 06 Dec 2024₱14.3t₱13.5t₱1.1t9.4x12.5x1.1x
Sun, 03 Nov 2024₱15.0t₱13.3t₱1.1t9.5x13.5x1.1x
Tue, 01 Oct 2024₱14.8t₱13.3t₱1.1t9.2x13.4x1.1x
Thu, 29 Aug 2024₱14.2t₱13.3t₱1.1t8.8x12.4x1.1x
Sat, 27 Jul 2024₱13.7t₱13.0t₱1.1t9.2x12x1x
Mon, 24 Jun 2024₱12.7t₱13.0t₱1.1t9.2x11.1x1x
Wed, 22 May 2024₱13.3t₱13.0t₱1.1t9.8x11.6x1x
Fri, 19 Apr 2024₱12.9t₱12.7t₱1.1t9.5x11.5x1x
Sun, 17 Mar 2024₱13.3t₱12.7t₱1.1t10.5x12.3x1x
Tue, 13 Feb 2024₱13.3t₱12.6t₱1.1t10x12.6x1.1x
Thu, 11 Jan 2024₱13.0t₱12.7t₱1.1t10.3x12.3x1x
Sat, 09 Dec 2023₱12.4t₱12.7t₱1.1t9.6x11.7x1x
Mon, 06 Nov 2023₱12.2t₱12.6t₱1.0t10.2x12.1x1x
Wed, 04 Oct 2023₱12.8t₱12.7t₱1.0t10.6x12.5x1x
Fri, 01 Sep 2023₱12.7t₱12.6t₱1.0t10.7x12.5x1x
Sun, 30 Jul 2023₱13.3t₱12.8t₱972.4b11.2x13.7x1x
Tue, 27 Jun 2023₱13.1t₱12.8t₱973.0b10.7x13.4x1x
Thu, 25 May 2023₱13.2t₱12.7t₱967.8b10.7x13.7x1x
Sat, 22 Apr 2023₱13.1t₱12.4t₱945.2b11.3x13.9x1.1x
Mon, 20 Mar 2023₱12.7t₱11.8t₱1.0t11.1x12.4x1.1x
Wed, 15 Feb 2023₱13.5t₱11.6t₱1.0t12x13.2x1.2x
Fri, 13 Jan 2023₱13.4t₱11.6t₱1.0t11.6x13x1.1x
Price to Earnings Ratio

13x


Total Market Cap: ₱13.4tTotal Earnings: ₱1.0tTotal Revenue: ₱11.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Market Price to Earnings3Y Average 12x202420252026
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 10.2x 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 Market2.31%
Tech7.97%
Consumer Discretionary7.77%
Healthcare5.96%
Materials5.29%
Utilities2.75%
Financials2.50%
Energy1.62%
Real Estate1.47%
Consumer Staples1.41%
Industrials1.30%
Telecom-0.46%
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 39.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 25.5%, 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 31% 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
HVN Villar Land Holdings₱1.12k11.8%
+₱76.0b		-50.3%PE706.8xConsumer Discretionary
BDO BDO Unibank₱139.503.6%
+₱26.1b		-4.8%PB1.2xFinancials
SMPH SM Prime Holdings₱23.302.4%
+₱15.9b		-7.4%PE13.7xReal Estate
SM SM Investments₱711.001.6%
+₱14.0b		-20.9%PE10.1xIndustrials
ACEN Acen₱3.0712.9%
+₱14.0b		-25.5%PE113.7xUtilities
See more

Market Insights

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Latest News

UNH
₱106.80
Uniholdings
7D
-23.7%
1Y
-43.5%
JFC
₱210.00
Jollibee Foods
7D
16.7%
1Y
-20.5%
HVN
₱1,118.00
Villar Land Holdings
7D
11.8%
1Y
-50.3%
STR
₱1.18
Vistamalls
7D
-5.6%
1Y
-27.2%
MER
₱594.00
Manila Electric
7D
3.5%
1Y
24.3%

MER: Smart Grid Expansion Will Support Stable Margins And Fairly Valued Outlook

Analysts have maintained their price target for Manila Electric at PHP 598.21, as slightly softer long term revenue growth assumptions are seen as being offset by a modestly stronger profit margin outlook and an unchanged future valuation multiple. What's in the News A board meeting is set for December 3, 2025 to approve various rank conferments effective January 1, 2026 (Key Developments) A board meeting is scheduled on October 27, 2025 to approve Manila Electric's financial and operating results for the first nine months of 2025, with 2024 comparatives (Key Developments) An Itron collaboration has been announced to deploy Advanced Metering Infrastructure across Metro Manila, starting with 73,000 endpoints as part of Meralco's multi year smart grid modernization program (Key Developments) Valuation Changes Fair Value: Unchanged at approximately ₱598.21 per share, indicating a stable overall valuation outlook.
BPI
₱121.00
Bank of the Philippine Islands
7D
4.2%
1Y
-1.6%

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.
LBC
₱8.10
LBC Express Holdings
7D
-8.0%
1Y
-31.9%
AP
₱43.65
Aboitiz Power
7D
-0.8%
1Y
9.9%

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.
PTC
₱100.00
Philippine Trust
7D
-16.7%
1Y
-15.8%
BDO
₱143.60
BDO Unibank
7D
6.7%
1Y
-0.4%
AGI
₱7.93
Alliance Global Group
7D
-3.2%
1Y
-7.8%
CNVRG
₱14.94
Converge Information and Communications Technology Solutions
7D
-2.5%
1Y
-5.8%
SMPH
₱23.40
SM Prime Holdings
7D
2.9%
1Y
-5.3%
SM
₱735.00
SM Investments
7D
5.1%
1Y
-17.7%
GTCAP
₱589.00
GT Capital Holdings
7D
-1.0%
1Y
-5.0%
ICT
₱603.00
International Container Terminal Services
7D
6.3%
1Y
50.7%