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Filipino (PSEi) Real Estate Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies51
  • 7D-0.2%
  • 3M-11.7%
  • 1Y-14.3%
  • YTD-13.4%

Over the last 7 days, the Real Estate industry has risen 1.5%, driven by gains from SM Prime Holdings of 2.1%. During this same period, the Ayala Land underperformed, falling 5.5%. However, the industry is down 14% over the past year. Earnings are forecast to grow by 3.6% annually.

Industry Valuation and Performance

Has the Filipino Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026₱1.2t₱794.7b₱209.2b5.1x5.9x1.6x
Sat, 28 Feb 2026₱1.4t₱794.5b₱208.4b5.5x6.5x1.7x
Mon, 26 Jan 2026₱1.4t₱777.9b₱197.6b5.5x7.2x1.8x
Wed, 24 Dec 2025₱1.4t₱777.9b₱197.6b5.4x7.1x1.8x
Fri, 21 Nov 2025₱1.3t₱777.8b₱197.5b5.5x6.8x1.7x
Sun, 19 Oct 2025₱1.4t₱792.9b₱201.0b5.4x7.2x1.8x
Tue, 16 Sep 2025₱1.6t₱794.4b₱201.2b5.4x7.9x2x
Thu, 14 Aug 2025₱1.6t₱792.7b₱200.6b5.6x7.9x2x
Sat, 12 Jul 2025₱1.6t₱792.6b₱197.5b5.6x8.2x2x
Mon, 09 Jun 2025₱1.5t₱792.7b₱197.6b5.6x7.6x1.9x
Wed, 07 May 2025₱1.5t₱788.6b₱200.4b5.5x7.5x1.9x
Fri, 04 Apr 2025₱1.5t₱790.9b₱149.3b4.7x9.8x1.9x
Sun, 02 Mar 2025₱1.4t₱792.8b₱147.8b4.6x9.5x1.8x
Tue, 28 Jan 2025₱1.5t₱782.1b₱146.6b5.2x10.3x1.9x
Thu, 26 Dec 2024₱1.6t₱782.1b₱146.6b5.4x10.8x2x
Sat, 23 Nov 2024₱1.7t₱777.6b₱146.7b4.9x11.7x2.2x
Mon, 21 Oct 2024₱2.0t₱755.9b₱141.3b5.8x14x2.6x
Wed, 18 Sep 2024₱1.9t₱755.9b₱141.3b5.9x13.8x2.6x
Fri, 16 Aug 2024₱1.8t₱755.1b₱187.2b5.2x9.7x2.4x
Sun, 14 Jul 2024₱1.8t₱730.2b₱186.0b5.7x9.6x2.4x
Tue, 11 Jun 2024₱1.7t₱731.8b₱186.0b5.9x9.3x2.4x
Thu, 09 May 2024₱1.7t₱702.0b₱179.6b6.3x9.6x2.5x
Sat, 06 Apr 2024₱1.8t₱692.1b₱175.6b6.8x10.5x2.7x
Mon, 04 Mar 2024₱2.0t₱683.9b₱168.5b6.7x11.7x2.9x
Wed, 31 Jan 2024₱2.0t₱662.6b₱165.2b6.6x11.9x3x
Fri, 29 Dec 2023₱2.0t₱662.0b₱164.9b6.5x11.9x3x
Sun, 26 Nov 2023₱1.9t₱662.0b₱164.9b6.2x11.3x2.8x
Tue, 24 Oct 2023₱1.8t₱641.3b₱156.3b6.8x11.5x2.8x
Thu, 21 Sep 2023₱1.7t₱641.3b₱156.3b6.8x10.9x2.7x
Sat, 19 Aug 2023₱1.8t₱641.2b₱156.4b7x11.6x2.8x
Mon, 17 Jul 2023₱1.8t₱625.2b₱145.7b6.2x12.6x2.9x
Wed, 14 Jun 2023₱1.8t₱625.1b₱145.7b6.5x12.5x2.9x
Fri, 12 May 2023₱1.9t₱615.2b₱142.0b7.9x13.5x3.1x
Sun, 09 Apr 2023₱1.9t₱592.2b₱133.5b7.8x14.2x3.2x
Price to Earnings Ratio

14.2x


Total Market Cap: ₱1.9tTotal Earnings: ₱133.5bTotal Revenue: ₱592.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Real Estate Industry Price to Earnings3Y Average 10.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Filipino Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 5.9x which is lower than its 3-year average PE of 10.1x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Filipino Real Estate industry?

PH Market-0.082%
Real Estate-0.29%
Real Estate-0.25%
Real Estate Operating Companies1.67%
Real Estate Development0.14%
Diversified Real Estate-3.82%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 14.9x.
    • Analysts are expecting annual earnings growth of 6.0%, which is lower than the prior year's growth of 7.1% per year.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 5.9x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 6.0% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
SMPH SM Prime Holdings₱20.202.1%
+₱12.0b		-14.6%PE11.9x
BEL Belle₱1.408.5%
+₱1.1b		-6.7%PE6.6x
VLL Vista Land & Lifescapes₱1.074.9%
+₱634.9m		-37.1%PE1.7x
ALHI Anchor Land Holdings₱3.9910.8%
+₱405.6m		-33.4%PE7.9x
RLC Robinsons Land₱17.080.5%
+₱384.4m		44.0%PE6.1x

Latest News

DMW
₱4.90
D.M. Wenceslao & Associates
7D
-5.6%
1Y
-4.9%
MEG
₱2.05
Megaworld
7D
-4.2%
1Y
11.4%

MEG: Township And Leisure Estate Rollout Will Support Future Repricing Potential

Narrative Update Analysts have kept their price target for Megaworld steady at ₱2.86, citing broadly unchanged assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E, similar to how recent research in other sectors has refreshed estimates without altering core valuation views. Analyst Commentary Recent Street research on other names in the broader market highlights how analysts are refining earnings models and price targets while holding on to core views about fair value and execution.
ALI
₱17.00
Ayala Land
7D
-5.5%
1Y
-28.9%

ALI: Planned Debt Raise And Dividends Will Support Future Upside

Analysts kept their fair value estimate for Ayala Land steady at ₱32.05, with a slightly higher discount rate and a modestly higher assumed future P/E multiple shaping the latest price target update. What's in the News The Board plans to seek approval to raise up to ₱40 billion via retail bonds, corporate notes, listings on the Philippine Dealing and Exchange Corporation, and/or bilateral term loans, mainly for debt refinancing and partial funding of general corporate needs, with a tenor of up to 10 years (Board meeting agenda, Feb 20, 2026).
FDC
₱4.28
Filinvest Development
7D
0.9%
1Y
-12.7%
RLC
₱17.08
Robinsons Land
7D
0.5%
1Y
44.0%

RLC: Follow On Offering Will Support Future Upside To Steady Fair Value

Analysts have maintained their ₱30.00 price target for Robinsons Land, citing slightly higher assumed profit margins and a modestly lower future P/E multiple that together offset adjustments to revenue growth and discount rate inputs. What's in the News Filed a follow-on equity offering of up to ₱7b in common stock, covering 945,946,000 shares at a price of ₱7.4 per share, under Regulation S with a subsequent direct listing feature (Key Developments).
VLL
₱1.07
Vista Land & Lifescapes
7D
4.9%
1Y
-37.1%

VLL: 2025 Cash Dividend Payout Will Support Long Term Upside Potential

Vista Land & Lifescapes' analyst price target remains steady at ₱1.33 per share, as analysts keep their fair value views unchanged while citing consistent assumptions for discount rate, revenue growth, profit margins, and future P/E. What's in the News Board meeting scheduled for December 29, 2025, to consider and approve the declaration of 2025 cash dividends payable to all stockholders based on their outstanding shares (Key Developments).
ALLHC
₱1.24
AyalaLand Logistics Holdings
7D
-3.1%
1Y
-16.8%
BEL
₱1.40
Belle
7D
8.5%
1Y
-6.7%
SMPH
₱20.20
SM Prime Holdings
7D
2.1%
1Y
-14.6%
ATN
₱0.41
ATN Holdings
7D
-8.0%
1Y
-25.0%
STR
₱1.04
Vistamalls
7D
-3.7%
1Y
-38.5%
ALHI
₱3.99
Anchor Land Holdings
7D
10.8%
1Y
-33.4%
PHC
₱1.67
Philcomsat Holdings
7D
-8.7%
1Y
n/a
DD
₱9.15
DoubleDragon
7D
1.8%
1Y
-3.7%
SLI
₱2.09
Sta. Lucia Land
7D
2.0%
1Y
-27.4%
ELI
₱0.096
Empire East Land Holdings
7D
-9.4%
1Y
-15.0%