Belle (PHS:BEL) EBITDA Margin %: 67.37% (As of Mar. 2026) — Near Median


PHS:BEL Belle Corp PHS:BEL
78 GF Score
Price ₱1.21
GF Value ₱1.36
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Belle EBITDA Margin %?

Belle PHS:BEL 78 EBITDA Margin % is 67.37% as of Mar. 2026, which is 6% below its 10-year median of 71.99. GuruFocus rates PHS:BEL with a GF Score™ of 78/100 and a GF Value™ of ₱1.36 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,746 Real Estate companies, Belle ranks better than 85.17% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Belle's EBITDA for the three months ended in Mar. 2026 was ₱955 Mil. Belle's Revenue for the three months ended in Mar. 2026 was ₱1,418 Mil. Therefore, Belle's EBITDA margin for the quarter that ended in Mar. 2026 was 67.37%.


Belle  (PHS:BEL) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Belle EBITDA Margin % Related Terms


Belle EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Belle's EBITDA Margin % 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.

Belle EBITDA Margin % Chart

Belle Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63.88 70.64 81.01 84.22 81.94

Belle Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.15 67.10 69.48 119.72 67.37

Belle EBITDA Margin % Competitor Comparison

For the Real Estate - Diversified subindustry, Belle's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Belle's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Belle's EBITDA Margin % falls into.


PHS:BEL
78GF Score
Belle Corp PHS:BEL
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Belle EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Belle's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=4239.992/5174.624
=81.94 %

Belle's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=955.023/1417.661
=67.37 %

* 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.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 67.37% mean?
Belle (PHS:BEL) has a EBITDA Margin % of 67.37% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Belle and its competitors. This is near median its historical median of 71.99. Over the past decade, Belle's EBITDA Margin % has ranged from 58.02 to 84.22. According to the industry distribution chart, Belle ranks #259 out of 1746 companies in the Real Estate industry, placing it in the top 14.8%.
Is Belle's EBITDA Margin % too high?
Belle's current EBITDA Margin % of 67.37% is near median its 10-year median of 71.99. Over the past 10 years, this metric has ranged from a low of 58.02 to a high of 84.22. The Real Estate industry median EBITDA Margin % is 21.77. Belle's value of 67.37% is 209.5% above this industry median. Based on the distribution chart, Belle ranks #259 out of 1746 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Belle has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belle's EBITDA Margin % compare to competitors?
According to the Real Estate industry distribution chart, Belle ranks #259 out of 1746 companies for EBITDA Margin %. This places Belle in the top 15% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 21.77. Belle's value of 67.37% is 209.5% above this benchmark. Historically, Belle's own EBITDA Margin % has ranged from 58.02 to 84.22 over the past decade. While the company's 10-year median is 71.99 vs. the industry median of 21.77, Belle 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 EBITDA Margin % for a Real Estate company?
The median EBITDA Margin % among Real Estate companies is 21.77, based on 1,746 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Belle's current EBITDA Margin % of 67.37% is 209.5% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Belle and its competitors. For the Real Estate industry, the median EBITDA Margin % is 21.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belle's current EBITDA Margin % is 67.37%, which is near median its own 10-year median of 71.99. 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 ₱1.21 — trading 11% below its estimated fair value. The current EBITDA Margin % is 67.37%, which is near median its 10-year median of 71.99 and 209.5% above the Real Estate industry median of 21.77. Belle's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Belle (PHS:BEL), the current EBITDA Margin % is 67.37% 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 ₱1.21 is trading 11% below its estimated GF Value™ of ₱1.36. GuruFocus considers Belle to be Modestly Undervalued.

Key valuation signals for PHS:BEL:

  • EBITDA Margin %: 67.37% (near median its 10-year median of 71.99)
  • GF Value™: ₱1.36 vs. price of ₱1.21 (11% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 209.5% above the Real Estate median (#259 of 1746)

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 Business Description

Address Palm Coast Avenue, 5th Floor, Tower A, Two E-com Center, Mall of Asia Complex, CBP-1A, Pasay City, PHL, 1300
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.
78GF Score

Get the complete analysis for PHS:BEL

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱1.21
Price
₱1.36
GF Value