Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The Philippine Stock ExchangePHS:PSE -0.48%89 Debt-to-Equity is 0.16 as of Mar. 2026, which is 1500% above its 10-year median of 0.01. GuruFocus rates PHS:PSE with a GF Score™ of 89/100 and a GF Value™ of ₱381.37 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 610 Capital Markets companies, The Philippine Stock Exchange ranks better than 63.44% 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 The Philippine Stock Exchange's Debt-to-Equity or its related term are showing as below:
PHS:PSE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.21
Current: 0.16
During the past 13 years, the highest Debt-to-Equity Ratio of The Philippine Stock Exchange was 0.21. The lowest was 0.00. And the median was 0.01.
PHS:PSE's Debt-to-Equity is ranked better than 63.44% of 610
companies
in the Capital Markets industry
Industry Median: 0.31
vs PHS:PSE: 0.16
The Philippine Stock Exchange (PHS:PSE) Debt-to-Equity Explanation
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.
The Philippine Stock Exchange Debt-to-Equity Related Terms
The Philippine Stock Exchange Debt-to-Equity Historical Data
* 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.
The Philippine Stock Exchange Debt-to-Equity Chart
PHS:PSE vs SPGI, CME, MCO: Debt-to-Equity Comparison
For the Financial Data & Stock Exchanges subindustry, The Philippine Stock Exchange'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.
The Philippine Stock Exchange Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The Philippine Stock Exchange's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where The Philippine Stock Exchange'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.
The Philippine Stock Exchange (PHS:PSE) has a Debt-to-Equity of 0.16 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on The Philippine Stock Exchange and its competitors. This is 1500% above median its historical median of 0.01. According to the industry distribution chart, The Philippine Stock Exchange ranks #223 out of 610 companies in the Capital Markets industry, placing it in the top 36.6%.
Is The Philippine Stock Exchange's Debt-to-Equity too high?
The Philippine Stock Exchange's current Debt-to-Equity of 0.16 is 1500% above median its 10-year median of 0.01. The Capital Markets industry median Debt-to-Equity is 0.31. The Philippine Stock Exchange's value of 0.16 is 48.4% below this industry median. Based on the distribution chart, The Philippine Stock Exchange ranks #223 out of 610 companies in the Capital Markets industry, which is above the industry midpoint. Overall, The Philippine Stock Exchange has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Philippine Stock Exchange's Debt-to-Equity compare to SPGI and CME?
According to the Capital Markets industry distribution chart, The Philippine Stock Exchange ranks #223 out of 610 companies for Debt-to-Equity. This puts The Philippine Stock Exchange in the upper half of its industry. The industry median Debt-to-Equity is 0.31. The Philippine Stock Exchange's value of 0.16 is 48.4% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.31, The Philippine Stock Exchange 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 Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.31, based on 610 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. The Philippine Stock Exchange's current Debt-to-Equity of 0.16 is 48.4% 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 The Philippine Stock Exchange and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Philippine Stock Exchange's current Debt-to-Equity is 0.16, which is 1500% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Philippine Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, The Philippine Stock Exchange (PHS:PSE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱381.37, compared to a current price of ₱206.00 — trading 46% below its estimated fair value. The current Debt-to-Equity is 0.16, which is 1500% above median its 10-year median of 0.01 and 48.4% below the Capital Markets industry median of 0.31. The Philippine Stock Exchange's overall GF Score™ is 89/100 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 The Philippine Stock Exchange (PHS:PSE), the current Debt-to-Equity is 0.16 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 The Philippine Stock Exchange (PHS:PSE) Overvalued in 2026?
Based on GuruFocus' analysis, The Philippine Stock Exchange stock appears to be undervalued.
The current stock price of ₱206.00 is trading 46% below its estimated GF Value™ of ₱381.37.
GuruFocus considers The Philippine Stock Exchange to be Significantly Undervalued.
Key valuation signals for PHS:PSE:
Debt-to-Equity: 0.16 (1500% above median its 10-year median of 0.01)
GF Value™: ₱381.37 vs. price of ₱206.00 (46% below fair value)
Industry Position: 48.4% below the Capital Markets median (#223 of 610)
No single metric tells the full story. See the PHS:PSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Philippine Stock Exchange Business Description
The Philippine Stock Exchange Inc is a Philippines-based stock corporation. The company's business is to provide and maintain a convenient and suitable market for the exchange, purchase, and sale of all types of securities and other instruments. The company's business segments include: Equity, Clearing and Settlement Business; and Depository and Fixed Income Business. It derives maximum revenue from Equity, Clearing and Settlement Business. The sources of revenue also consist of listing-related fees for initial public offerings, annual listing maintenance membership, transactions, data feeds, and miscellaneous fees.
89GF Score
Get the complete analysis for PHS:PSE
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:PSE has been successfully added to your 
