PLDT (PHS:TEL) Cyclically Adjusted PS Ratio: 1.08 (As of Aug. 28, 2026) — 27% Below Median

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PHS:TEL PLDT Inc PHS:TEL
80 GF Score
Price ₱1,135.00
GF Value ₱1,326.29
Valuation Modestly Undervalued
! 5 Warning Signs
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What is PLDT Cyclically Adjusted PS Ratio?

PLDT PHS:TEL -4.30% 80 Cyclically Adjusted PS Ratio is 1.08 as of Aug. 28, 2026, which is 27% below its 10-year median of 1.48. GuruFocus rates PHS:TEL with a GF Score™ of 80/100 and a GF Value™ of ₱1,326.29 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 302 Telecommunication Services companies, PLDT ranks better than 51.32% on this metric.

As of today (2026-08-28), PLDT's current share price is ₱1135.00. PLDT's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₱1,047.28. PLDT's Cyclically Adjusted PS Ratio for today is 1.08.

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

PHS:TEL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.48   Max: 2.27
Current: 1.13

During the past years, PLDT's highest Cyclically Adjusted PS Ratio was 2.27. The lowest was 1.03. And the median was 1.48.

PHS:TEL's Cyclically Adjusted PS Ratio is ranked better than
51.32% of 302 companies
in the Telecommunication Services industry
Industry Median: 1.17 vs PHS:TEL: 1.13

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.

PLDT's adjusted revenue per share data for the three months ended in Jun. 2026 was ₱256.409. 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 ₱1,047.28 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PLDT  (PHS:TEL) 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.


PLDT Cyclically Adjusted PS Ratio Related Terms


PLDT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PLDT'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.

PLDT Cyclically Adjusted PS Ratio Chart

PLDT 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 2.03 1.39 1.31 1.30 1.24

PLDT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.20 1.07 1.24 1.25 1.08

PHS:TEL vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, PLDT'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.


PLDT Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PLDT's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


PHS:TEL
80GF Score
PLDT Inc PHS:TEL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PLDT 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.

PLDT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1135.00/1047.28
=1.08

* 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.

PLDT's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=256.409/333.9520*333.9520
=256.409

Current CPI (Jun. 2026) = 333.9520.

PLDT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 184.714 241.428 255.503
201612 184.563 241.432 255.290
201703 181.379 243.801 248.448
201706 184.140 244.955 251.042
201709 184.862 246.819 250.123
201712 184.522 246.524 249.961
201803 187.484 249.554 250.890
201806 192.609 251.989 255.258
201809 186.324 252.439 246.488
201812 189.941 251.233 252.479
201903 187.998 254.202 246.978
201906 190.996 256.143 249.015
201909 195.622 256.759 254.435
201912 207.127 256.974 269.173
202003 202.012 258.115 261.365
202006 198.934 257.797 257.700
202009 214.768 260.280 275.558
202012 221.168 260.474 283.558
202103 221.813 264.877 279.658
202106 220.303 271.696 270.783
202109 222.727 274.310 271.154
202112 223.692 278.802 267.941
202203 230.612 287.504 267.869
202206 235.469 296.311 265.381
202209 237.347 296.808 267.050
202212 241.734 296.797 271.996
202303 241.974 301.836 267.721
202306 238.829 305.109 261.406
202309 241.724 307.789 262.271
202312 252.698 306.746 275.110
202403 250.972 312.332 268.345
202406 246.574 314.175 262.096
202409 246.544 315.301 261.128
202412 258.688 315.605 273.726
202503 255.846 319.799 267.169
202506 251.088 322.561 259.955
202509 248.019 324.800 255.008
202512 255.050 324.054 262.840
202603 261.566 330.213 264.528
202606 256.409 333.952 256.409

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 1.08 mean?
PLDT (PHS:TEL) has a Cyclically Adjusted PS Ratio of 1.08 as of Aug. 28, 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 PLDT and its competitors. This is 27% below median its historical median of 1.48. Over the past decade, PLDT's Cyclically Adjusted PS Ratio has ranged from 1.03 to 2.27. According to the industry distribution chart, PLDT ranks #147 out of 302 companies in the Telecommunication Services industry, placing it in the top 48.7%.
Is PLDT's Cyclically Adjusted PS Ratio too high?
PLDT's current Cyclically Adjusted PS Ratio of 1.08 is 27% below median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 2.27. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.17. PLDT's value of 1.08 is 7.7% below this industry median. Based on the distribution chart, PLDT ranks #147 out of 302 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, PLDT has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PLDT's Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, PLDT ranks #147 out of 302 companies for Cyclically Adjusted PS Ratio. This puts PLDT in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. PLDT's value of 1.08 is 7.7% below this benchmark. Historically, PLDT's own Cyclically Adjusted PS Ratio has ranged from 1.03 to 2.27 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.17, PLDT 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 a Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.17, based on 302 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. PLDT's current Cyclically Adjusted PS Ratio of 1.08 is 7.7% 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 PLDT and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PLDT's current Cyclically Adjusted PS Ratio is 1.08, which is 27% below median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PLDT stock overvalued right now?
Based on GuruFocus' analysis, PLDT (PHS:TEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱1,326.29, compared to a current price of ₱1,135.00 — trading 14.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.08, which is 27% below median its 10-year median of 1.48 and 7.7% below the Telecommunication Services industry median of 1.17. PLDT's overall GF Score™ is 80/100 with 5 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 PLDT (PHS:TEL), the current Cyclically Adjusted PS Ratio is 1.08 as of Aug. 28, 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 PLDT (PHS:TEL) Overvalued in 2026?

Based on GuruFocus' analysis, PLDT stock appears to be undervalued. The current stock price of ₱1,135.00 is trading 14.4% below its estimated GF Value™ of ₱1,326.29. GuruFocus considers PLDT to be Modestly Undervalued.

Key valuation signals for PHS:TEL:

  • Cyclically Adjusted PS Ratio: 1.08 (27% below median its 10-year median of 1.48)
  • GF Value™: ₱1,326.29 vs. price of ₱1,135.00 (14.4% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 7.7% below the Telecommunication Services median (#147 of 302)

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


PLDT Business Description

Other Exchanges PHTCF:USAPHI:USAPLO:Germany
Address Makati Avenue, Corner Ayala Avenue, Ramon Cojuangco Building, Legaspi Village, Metro Manila, Makati City, PHL, 1200
PLDT Inc is a telecommunications and digital services provider. The group has three reportable operating segments: Wireless, Fixed Line, and Others. Maximum revenue is generated from its Fixed Line segment, which offers fixed line telecommunications services, servicing retail, corporate, and small and medium-sized enterprises clients. The Fixed Line business segment offers data, voice, and miscellaneous services. It also offers secure data centers, multi-cloud, cybersecurity, data, and artificial intelligence (AI) solutions through different subsidiaries. The Wireless segment generates revenue by offering access to mobile internet via smartphones, mobile broadband using pocket WiFi, or home WiFi using fixed wireless broadband devices. Geographically, the group operates in the Philippines.
80GF Score

Get the complete analysis for PHS:TEL

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

₱1,135.00
Price
₱1,326.29
GF Value