Pal HoldingsPHS:PAL 56 Debt-to-Equity is 2.23 as of Mar. 2026, which is 29% below its 10-year median of 3.15. GuruFocus rates PHS:PAL with a GF Score™ of 56/100 and a GF Value™ of ₱2.74 (Fairly Valued). The stock has 4 warning signs investors should review. Among 908 Transportation companies, Pal Holdings ranks worse than 90.75% 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 Pal Holdings's Debt-to-Equity or its related term are showing as below:
PHS:PAL'
s Debt-to-Equity Range Over the Past 10 Years
Min: -360.3 Med: 3.15 Max: 1529.76
Current: 2.23
During the past 13 years, the highest Debt-to-Equity Ratio of Pal Holdings was 1529.76. The lowest was -360.30. And the median was 3.15.
PHS:PAL's Debt-to-Equity is ranked worse than 90.75% of 908
companies
in the Transportation industry
Industry Median: 0.525
vs PHS:PAL: 2.23
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.
Pal Holdings Debt-to-Equity Related Terms
Pal Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Pal Holdings'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.
PHS:PAL vs DAL, UAL, LUV: Debt-to-Equity Comparison
For the Airlines subindustry, Pal Holdings'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.
Pal Holdings Debt-to-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Pal Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pal Holdings'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.
Pal Holdings (PHS:PAL) has a Debt-to-Equity of 2.23 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pal Holdings and its competitors. This is 29% below median its historical median of 3.15. According to the industry distribution chart, Pal Holdings ranks #824 out of 908 companies in the Transportation industry, placing it in the top 90.7%.
Is Pal Holdings' Debt-to-Equity too high?
Pal Holdings' current Debt-to-Equity of 2.23 is 29% below median its 10-year median of 3.15. The Transportation industry median Debt-to-Equity is 0.53. Pal Holdings' value of 2.23 is 324.8% above this industry median. Based on the distribution chart, Pal Holdings ranks #824 out of 908 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Pal Holdings has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pal Holdings' Debt-to-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Pal Holdings ranks #824 out of 908 companies for Debt-to-Equity. This places Pal Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.53. Pal Holdings' value of 2.23 is 324.8% above this benchmark. While the company's 10-year median is 3.15 vs. the industry median of 0.53, Pal Holdings has consistently been above 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 Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 908 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. Pal Holdings's current Debt-to-Equity of 2.23 is 324.8% above 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 Pal Holdings and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pal Holdings's current Debt-to-Equity is 2.23, which is 29% below median its own 10-year median of 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pal Holdings stock overvalued right now?
Based on GuruFocus' analysis, Pal Holdings (PHS:PAL) is currently considered Fairly Valued. The stock's GF Value™ is ₱2.74, compared to a current price of ₱2.60 — trading 5.1% below its estimated fair value. The current Debt-to-Equity is 2.23, which is 29% below median its 10-year median of 3.15 and 324.8% above the Transportation industry median of 0.53. Pal Holdings' overall GF Score™ is 56/100 with 4 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 Pal Holdings (PHS:PAL), the current Debt-to-Equity is 2.23 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 Pal Holdings (PHS:PAL) Overvalued in 2026?
Based on GuruFocus' analysis, Pal Holdings stock appears to be undervalued.
The current stock price of ₱2.60 is trading 5.1% below its estimated GF Value™ of ₱2.74.
GuruFocus considers Pal Holdings to be Fairly Valued.
Key valuation signals for PHS:PAL:
Debt-to-Equity: 2.23 (29% below median its 10-year median of 3.15)
GF Value™: ₱2.74 vs. price of ₱2.60 (5.1% below fair value)
Industry Position: 324.8% above the Transportation median (#824 of 908)
No single metric tells the full story. See the PHS:PAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pal Holdings Inc through its subsidiaries, is engaged in air transport of passengers and cargo within the Philippines and between the Philippines and several international destinations. Its revenues are mainly derived from rendering transportation services, and all sales are made to external customers.
56GF Score
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