Shell Pilipinas (PHS:SHLPH) Cyclically Adjusted PS Ratio: 0.06 (As of Jul. 18, 2026) — Near Median

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PHS:SHLPH Shell Pilipinas Corp PHS:SHLPH
77 GF Score
Price ₱8.90
GF Value ₱9.13
Valuation Fairly Valued
! 3 Warning Signs
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What is Shell Pilipinas Cyclically Adjusted PS Ratio?

Shell Pilipinas PHS:SHLPH +2.77% 77 Cyclically Adjusted PS Ratio is 0.06 as of Jul. 18, 2026, which is at its 10-year median of 0.06. GuruFocus rates PHS:SHLPH with a GF Score™ of 77/100 and a GF Value™ of ₱9.13 (Fairly Valued). The stock has 3 warning signs investors should review. Among 706 Oil & Gas companies, Shell Pilipinas ranks better than 96.74% on this metric.

As of today (2026-07-18), Shell Pilipinas's current share price is ₱8.90. Shell Pilipinas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₱156.61. Shell Pilipinas's Cyclically Adjusted PS Ratio for today is 0.06.

The historical rank and industry rank for Shell Pilipinas's Cyclically Adjusted PS Ratio or its related term are showing as below:

PHS:SHLPH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.06   Max: 0.08
Current: 0.06

During the past years, Shell Pilipinas's highest Cyclically Adjusted PS Ratio was 0.08. The lowest was 0.04. And the median was 0.06.

PHS:SHLPH's Cyclically Adjusted PS Ratio is ranked better than
96.74% of 706 companies
in the Oil & Gas industry
Industry Median: 1.025 vs PHS:SHLPH: 0.06

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Shell Pilipinas's adjusted revenue per share data for the three months ended in Mar. 2026 was ₱39.226. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₱156.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shell Pilipinas  (PHS:SHLPH) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Shell Pilipinas Cyclically Adjusted PS Ratio Related Terms


Shell Pilipinas Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shell Pilipinas's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shell Pilipinas Cyclically Adjusted PS Ratio Chart

Shell Pilipinas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.05

Shell Pilipinas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.04 0.05 0.06

PHS:SHLPH vs VLO, MPC, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Shell Pilipinas's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shell Pilipinas Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shell Pilipinas's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shell Pilipinas's Cyclically Adjusted PS Ratio falls into.


PHS:SHLPH
77GF Score
Shell Pilipinas Corp PHS:SHLPH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shell Pilipinas Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Shell Pilipinas's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.90/156.61
=0.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shell Pilipinas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shell Pilipinas's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=39.226/330.2130*330.2130
=39.226

Current CPI (Mar. 2026) = 330.2130.

Shell Pilipinas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 34.031 241.018 46.625
201609 21.776 241.428 29.784
201612 22.078 241.432 30.197
201703 25.810 243.801 34.958
201706 25.162 244.955 33.920
201709 25.461 246.819 34.064
201712 28.540 246.524 38.229
201803 30.701 249.554 40.624
201806 33.744 251.989 44.219
201809 35.804 252.439 46.835
201812 35.324 251.233 46.429
201903 31.533 254.202 40.962
201906 36.476 256.143 47.024
201909 32.622 256.759 41.955
201912 34.774 256.974 44.685
202003 29.984 258.115 38.359
202006 15.902 257.797 20.369
202009 20.985 260.280 26.623
202012 30.407 260.474 38.548
202103 24.742 264.877 30.845
202106 26.225 271.696 31.873
202109 26.084 274.310 31.400
202112 32.749 278.802 38.788
202203 36.610 287.504 42.048
202206 47.264 296.311 52.672
202209 48.298 296.808 53.734
202212 41.526 296.797 46.201
202303 40.468 301.836 44.273
202306 39.127 305.109 42.346
202309 38.329 307.789 41.121
202312 39.079 306.746 42.069
202403 37.163 312.332 39.291
202406 40.531 314.175 42.600
202409 37.065 315.301 38.818
202412 36.201 315.605 37.877
202503 35.943 319.799 37.113
202506 34.802 322.561 35.628
202509 35.687 324.800 36.282
202512 36.822 324.054 37.522
202603 39.226 330.213 39.226

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.06 mean?
Shell Pilipinas (PHS:SHLPH) has a Cyclically Adjusted PS Ratio of 0.06 as of Jul. 18, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Shell Pilipinas and its competitors. This is near median its historical median of 0.06. Over the past decade, Shell Pilipinas' Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.08. According to the industry distribution chart, Shell Pilipinas ranks #23 out of 706 companies in the Oil & Gas industry, placing it in the top 3.3%.
Is Shell Pilipinas' Cyclically Adjusted PS Ratio too high?
Shell Pilipinas' current Cyclically Adjusted PS Ratio of 0.06 is near median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.08. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.03. Shell Pilipinas' value of 0.06 is 94.1% below this industry median. Based on the distribution chart, Shell Pilipinas ranks #23 out of 706 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Shell Pilipinas has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shell Pilipinas' Cyclically Adjusted PS Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Shell Pilipinas ranks #23 out of 706 companies for Cyclically Adjusted PS Ratio. This places Shell Pilipinas in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.03. Shell Pilipinas' value of 0.06 is 94.1% below this benchmark. Historically, Shell Pilipinas' own Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.08 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 1.03, Shell Pilipinas has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.03, based on 706 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shell Pilipinas's current Cyclically Adjusted PS Ratio of 0.06 is 94.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Shell Pilipinas and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shell Pilipinas's current Cyclically Adjusted PS Ratio is 0.06, which is near median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shell Pilipinas stock overvalued right now?
Based on GuruFocus' analysis, Shell Pilipinas (PHS:SHLPH) is currently considered Fairly Valued. The stock's GF Value™ is ₱9.13, compared to a current price of ₱8.90 — trading 2.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.06, which is near median its 10-year median of 0.06 and 94.1% below the Oil & Gas industry median of 1.03. Shell Pilipinas' overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Shell Pilipinas (PHS:SHLPH), the current Cyclically Adjusted PS Ratio is 0.06 as of Jul. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shell Pilipinas (PHS:SHLPH) Overvalued in 2026?

Based on GuruFocus' analysis, Shell Pilipinas stock appears to be undervalued. The current stock price of ₱8.90 is trading 2.5% below its estimated GF Value™ of ₱9.13. GuruFocus considers Shell Pilipinas to be Fairly Valued.

Key valuation signals for PHS:SHLPH:

  • Cyclically Adjusted PS Ratio: 0.06 (near median its 10-year median of 0.06)
  • GF Value™: ₱9.13 vs. price of ₱8.90 (2.5% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 94.1% below the Oil & Gas median (#23 of 706)

No single metric tells the full story. See the PHS:SHLPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shell Pilipinas Business Description

Industry EnergyOil & Gas
Address 26th Street Corner 9th Avenue, 41st Floor, The Finance Center, Bonifacio Global City, Barangay Fort Bonifacio, Metro Manila, Taguig City, RIZ, PHL, 1635
Shell Pilipinas Corp is engaged in the import and marketing of petroleum products. Its integrated downstream operations span all aspects of the downstream product supply chain, from importing crude oil to distributing petroleum products to its customers across the Philippines. The company offers products such as gasoline, diesel, fuel oil, aviation fuel, marine fuel, lubricants, and bitumen. It solely operates in the Downstream Oil and Gas segment.
77GF Score

Get the complete analysis for PHS:SHLPH

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱8.90
Price
₱9.13
GF Value