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Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
JG Summit Holdings's Degree of Operating Leverage for the quarter that ended in Mar. 2026 was 1.23. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for JG Summit Holdings's Degree of Operating Leverage or its related term are showing as below:
PHS:JGS's Degree of Operating Leverage is ranked worse than 54.25% of 529
companies
in the Conglomerates industry
Industry Median: 0.98
vs PHS:JGS: 1.23
JG Summit Holdings (PHS:JGS) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
JG Summit Holdings Degree of Operating Leverage Related Terms
JG Summit Holdings Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for JG Summit Holdings's Degree of Operating Leverage 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.
JG Summit Holdings Degree of Operating Leverage Chart
PHS:JGS vs MMM, HON: Degree of Operating Leverage Comparison
For the Conglomerates subindustry, JG Summit Holdings's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.
JG Summit Holdings Degree of Operating Leverage vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, JG Summit Holdings's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where JG Summit Holdings's Degree of Operating Leverage 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 1.23 mean?
JG Summit Holdings (PHS:JGS) has a Degree of Operating Leverage of 1.23 as of Mar. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for JG Summit Holdings and its competitors. According to the industry distribution chart, JG Summit Holdings ranks #287 out of 529 companies in the Conglomerates industry, placing it in the top 54.3%.
Is JG Summit Holdings' Degree of Operating Leverage too high?
JG Summit Holdings' current Degree of Operating Leverage is 1.23. The Conglomerates industry median Degree of Operating Leverage is 0.98. JG Summit Holdings' value of 1.23 is 25.5% above this industry median. Based on the distribution chart, JG Summit Holdings ranks #287 out of 529 companies in the Conglomerates industry, which is below the industry midpoint. Overall, JG Summit Holdings has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JG Summit Holdings' Degree of Operating Leverage compare to MMM and HON?
According to the Conglomerates industry distribution chart, JG Summit Holdings ranks #287 out of 529 companies for Degree of Operating Leverage. This places JG Summit Holdings in the lower half of its industry. The industry median Degree of Operating Leverage is 0.98. JG Summit Holdings' value of 1.23 is 25.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Conglomerates company?
The median Degree of Operating Leverage among Conglomerates companies is 0.98, based on 529 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JG Summit Holdings's current Degree of Operating Leverage of 1.23 is 25.5% 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for JG Summit Holdings and its competitors. For the Conglomerates industry, the median Degree of Operating Leverage is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JG Summit Holdings's current Degree of Operating Leverage is 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JG Summit Holdings stock overvalued right now?
Based on GuruFocus' analysis, JG Summit Holdings (PHS:JGS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱28.30, compared to a current price of ₱22.55 — trading 20.3% below its estimated fair value. The current Degree of Operating Leverage is 1.23 and 25.5% above the Conglomerates industry median of 0.98. JG Summit Holdings' overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For JG Summit Holdings (PHS:JGS), the current Degree of Operating Leverage is 1.23 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 JG Summit Holdings (PHS:JGS) Overvalued in 2026?
Based on GuruFocus' analysis, JG Summit Holdings stock appears to be undervalued.
The current stock price of ₱22.55 is trading 20.3% below its estimated GF Value™ of ₱28.30.
GuruFocus considers JG Summit Holdings to be Modestly Undervalued.
Key valuation signals for PHS:JGS:
Degree of Operating Leverage: 1.23
GF Value™: ₱28.30 vs. price of ₱22.55 (20.3% below fair value)
Industry Position: 25.5% above the Conglomerates median (#287 of 529)
No single metric tells the full story. See the PHS:JGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JG Summit Holdings Inc is a diversified Filipino conglomerate, engaged in food, agro-industrial, and commodities, real estate and hotel, air transportation, banking, and petrochemicals. The company also has investments in telecommunications and power generation, and distribution. It also has a branded consumer foods business in China, ASEAN, and an investment in a property development company in Singapore. The Group conducts businesses throughout the Philippines, around Metro Manila, and in the regions of Luzon, Visayas, and Mindanao.
91GF Score
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