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BellePHS:BEL 79 Debt-to-Equity is 0.26 as of Mar. 2026, which is 19% below its 10-year median of 0.32. GuruFocus rates PHS:BEL with a GF Score™ of 79/100 and a GF Value™ of ₱1.36 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,539 Real Estate companies, Belle ranks better than 73.88% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Belle's Debt-to-Equity or its related term are showing as below:
PHS:BEL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.32 Max: 0.51
Current: 0.26
During the past 13 years, the highest Debt-to-Equity Ratio of Belle was 0.51. The lowest was 0.24. And the median was 0.32.
PHS:BEL's Debt-to-Equity is ranked better than 73.88% of 1539
companies
in the Real Estate industry
Industry Median: 0.73
vs PHS:BEL: 0.26
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Belle Debt-to-Equity Related Terms
Belle Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Belle's Debt-to-Equity 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.
For the Real Estate - Diversified subindustry, Belle's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Belle Debt-to-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Belle's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Belle's Debt-to-Equity falls into.
* 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.
Belle (PHS:BEL) has a Debt-to-Equity of 0.26 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Belle and its competitors. This is 19% below median its historical median of 0.32. Over the past decade, Belle's Debt-to-Equity has ranged from 0.24 to 0.51. According to the industry distribution chart, Belle ranks #402 out of 1539 companies in the Real Estate industry, placing it in the top 26.1%.
Is Belle's Debt-to-Equity too high?
Belle's current Debt-to-Equity of 0.26 is 19% below median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.51. The Real Estate industry median Debt-to-Equity is 0.73. Belle's value of 0.26 is 64.4% below this industry median. Based on the distribution chart, Belle ranks #402 out of 1539 companies in the Real Estate industry, which is above the industry midpoint. Overall, Belle has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belle's Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, Belle ranks #402 out of 1539 companies for Debt-to-Equity. This puts Belle in the upper half of its industry. The industry median Debt-to-Equity is 0.73. Belle's value of 0.26 is 64.4% below this benchmark. Historically, Belle's own Debt-to-Equity has ranged from 0.24 to 0.51 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.73, Belle 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 Debt-to-Equity for a Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.73, based on 1,539 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Belle's current Debt-to-Equity of 0.26 is 64.4% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Belle and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belle's current Debt-to-Equity is 0.26, which is 19% below median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belle stock overvalued right now?
Based on GuruFocus' analysis, Belle (PHS:BEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱1.36, compared to a current price of ₱1.23 — trading 9.6% below its estimated fair value. The current Debt-to-Equity is 0.26, which is 19% below median its 10-year median of 0.32 and 64.4% below the Real Estate industry median of 0.73. Belle's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Belle (PHS:BEL), the current Debt-to-Equity is 0.26 as of Mar. 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 Belle (PHS:BEL) Overvalued in 2026?
Based on GuruFocus' analysis, Belle stock appears to be undervalued.
The current stock price of ₱1.23 is trading 9.6% below its estimated GF Value™ of ₱1.36.
GuruFocus considers Belle to be Modestly Undervalued.
Key valuation signals for PHS:BEL:
Debt-to-Equity: 0.26 (19% below median its 10-year median of 0.32)
GF Value™: ₱1.36 vs. price of ₱1.23 (9.6% below fair value)
Industry Position: 64.4% below the Real Estate median (#402 of 1539)
No single metric tells the full story. See the PHS:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belle Corporation is a developer of resort destinations, gaming, and leisure properties in the Philippines, such as City of Dreams Manila and Tagaytay Highlands. Additionally, it owns real estate assets in the Tagaytay Highlands, Midlands, and Greenlands complexes, where it develops premium residential resort projects south of Metro Manila and holds majority proprietary shares in its exclusive club and golf facilities. The Group's operating business segments are: Real Estate Development and Property Management, which generates maximum revenue; Gaming and Gaming Related Activities; and Others.
79GF Score
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