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Shell PilipinasPHS:SHLPH +1.12%80 Debt-to-Equity is 1.42 as of Mar. 2026, which is 1% below its 10-year median of 1.44. GuruFocus rates PHS:SHLPH with a GF Score™ of 80/100 and a GF Value™ of ₱9.10 (Fairly Valued). The stock has 3 warning signs investors should review. Among 807 Oil & Gas companies, Shell Pilipinas ranks worse than 81.16% 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 Shell Pilipinas's Debt-to-Equity or its related term are showing as below:
PHS:SHLPH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 1.44 Max: 2.09
Current: 1.42
During the past 12 years, the highest Debt-to-Equity Ratio of Shell Pilipinas was 2.09. The lowest was 0.32. And the median was 1.44.
PHS:SHLPH's Debt-to-Equity is ranked worse than 81.16% of 807
companies
in the Oil & Gas industry
Industry Median: 0.46
vs PHS:SHLPH: 1.42
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.
Shell Pilipinas Debt-to-Equity Related Terms
Shell Pilipinas Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Shell Pilipinas'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:SHLPH vs MPC, VLO, PSX: Debt-to-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Shell Pilipinas'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.
Shell Pilipinas Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Shell Pilipinas's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Shell Pilipinas'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.
Shell Pilipinas (PHS:SHLPH) has a Debt-to-Equity of 1.42 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Shell Pilipinas and its competitors. This is near median its historical median of 1.44. Over the past decade, Shell Pilipinas' Debt-to-Equity has ranged from 0.32 to 2.09. According to the industry distribution chart, Shell Pilipinas ranks #655 out of 807 companies in the Oil & Gas industry, placing it in the top 81.2%.
Is Shell Pilipinas' Debt-to-Equity too high?
Shell Pilipinas' current Debt-to-Equity of 1.42 is near median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 2.09. The Oil & Gas industry median Debt-to-Equity is 0.46. Shell Pilipinas' value of 1.42 is 208.7% above this industry median. Based on the distribution chart, Shell Pilipinas ranks #655 out of 807 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Shell Pilipinas has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shell Pilipinas' Debt-to-Equity compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Shell Pilipinas ranks #655 out of 807 companies for Debt-to-Equity. This places Shell Pilipinas in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Shell Pilipinas' value of 1.42 is 208.7% above this benchmark. Historically, Shell Pilipinas' own Debt-to-Equity has ranged from 0.32 to 2.09 over the past decade. While the company's 10-year median is 1.44 vs. the industry median of 0.46, Shell Pilipinas 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 807 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. Shell Pilipinas's current Debt-to-Equity of 1.42 is 208.7% 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 Shell Pilipinas and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shell Pilipinas's current Debt-to-Equity is 1.42, which is near median its own 10-year median of 1.44. 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 ₱9.10, compared to a current price of ₱9.00 — trading 1.1% below its estimated fair value. The current Debt-to-Equity is 1.42, which is near median its 10-year median of 1.44 and 208.7% above the Oil & Gas industry median of 0.46. Shell Pilipinas' overall GF Score™ is 80/100 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 Shell Pilipinas (PHS:SHLPH), the current Debt-to-Equity is 1.42 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 Shell Pilipinas (PHS:SHLPH) Overvalued in 2026?
Based on GuruFocus' analysis, Shell Pilipinas stock appears to be undervalued.
The current stock price of ₱9.00 is trading 1.1% below its estimated GF Value™ of ₱9.10.
GuruFocus considers Shell Pilipinas to be Fairly Valued.
Key valuation signals for PHS:SHLPH:
Debt-to-Equity: 1.42 (near median its 10-year median of 1.44)
GF Value™: ₱9.10 vs. price of ₱9.00 (1.1% below fair value)
Industry Position: 208.7% above the Oil & Gas median (#655 of 807)
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.
Address26th 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.
80GF Score
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