Ayala (PHS:AC) EV-to-EBIT: 9.84 (As of Jul. 30, 2026) — 29% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

PHS:AC Ayala Corp PHS:AC
86 GF Score
Price ₱512.00
GF Value ₱677.80
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Ayala EV-to-EBIT?

Ayala PHS:AC 86 EV-to-EBIT is 9.84 as of Jul. 30, 2026, which is 29% below its 10-year median of 13.90. GuruFocus rates PHS:AC with a GF Score™ of 86/100 and a GF Value™ of ₱677.80 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 455 Conglomerates companies, Ayala ranks better than 59.78% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ayala's Enterprise Value is ₱1,328,169 Mil. Ayala's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₱134,942 Mil. Therefore, Ayala's EV-to-EBIT for today is 9.84.

The historical rank and industry rank for Ayala's EV-to-EBIT or its related term are showing as below:

PHS:AC' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.92   Med: 13.9   Max: 23.32
Current: 9.84

During the past 13 years, the highest EV-to-EBIT of Ayala was 23.32. The lowest was 6.92. And the median was 13.90.

PHS:AC's EV-to-EBIT is ranked better than
59.78% of 455 companies
in the Conglomerates industry
Industry Median: 11.32 vs PHS:AC: 9.84

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Ayala's Enterprise Value for the quarter that ended in Mar. 2026 was ₱1,317,334 Mil. Ayala's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₱134,942 Mil. Ayala's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.24%.


Ayala  (PHS:AC) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Ayala's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=134941.918/1317333.7015
=10.24 %

Ayala's Enterprise Value for the quarter that ended in Mar. 2026 was ₱1,317,334 Mil.
Ayala's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱134,942 Mil.

* 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.


Ayala EV-to-EBIT Related Terms


Ayala EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Ayala's EV-to-EBIT 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.

Ayala EV-to-EBIT Chart

Ayala Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.88 14.85 13.39 12.23 9.31

Ayala Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT 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 11.84 11.88 10.30 9.31 9.76

PHS:AC vs MMM, HON: EV-to-EBIT Comparison

For the Conglomerates subindustry, Ayala's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Ayala EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ayala's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ayala's EV-to-EBIT falls into.


PHS:AC
86GF Score
Ayala Corp PHS:AC
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ayala EV-to-EBIT Calculation

Ayala's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1328169.255/134941.918
=9.84

Ayala's current Enterprise Value is ₱1,328,169 Mil.
Ayala's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱134,942 Mil.

* 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 EV-to-EBIT →
What does a EV-to-EBIT of 9.84 mean?
Ayala (PHS:AC) has a EV-to-EBIT of 9.84 as of Jul. 30, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Ayala and its competitors. This is 29% below median its historical median of 13.90. Over the past decade, Ayala's EV-to-EBIT has ranged from 6.92 to 23.32. According to the industry distribution chart, Ayala ranks #183 out of 455 companies in the Conglomerates industry, placing it in the top 40.2%.
Is Ayala's EV-to-EBIT too high?
Ayala's current EV-to-EBIT of 9.84 is 29% below median its 10-year median of 13.90. Over the past 10 years, this metric has ranged from a low of 6.92 to a high of 23.32. The Conglomerates industry median EV-to-EBIT is 11.32. Ayala's value of 9.84 is 13.1% below this industry median. Based on the distribution chart, Ayala ranks #183 out of 455 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Ayala has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ayala's EV-to-EBIT compare to MMM and HON?
According to the Conglomerates industry distribution chart, Ayala ranks #183 out of 455 companies for EV-to-EBIT. This puts Ayala in the upper half of its industry. The industry median EV-to-EBIT is 11.32. Ayala's value of 9.84 is 13.1% below this benchmark. Historically, Ayala's own EV-to-EBIT has ranged from 6.92 to 23.32 over the past decade. While the company's 10-year median is 13.90 vs. the industry median of 11.32, Ayala 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 EV-to-EBIT for a Conglomerates company?
The median EV-to-EBIT among Conglomerates companies is 11.32, based on 455 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ayala's current EV-to-EBIT of 9.84 is 13.1% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Ayala and its competitors. For the Conglomerates industry, the median EV-to-EBIT is 11.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayala's current EV-to-EBIT is 9.84, which is 29% below median its own 10-year median of 13.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayala stock overvalued right now?
Based on GuruFocus' analysis, Ayala (PHS:AC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱677.80, compared to a current price of ₱512.00 — trading 24.5% below its estimated fair value. The current EV-to-EBIT is 9.84, which is 29% below median its 10-year median of 13.90 and 13.1% below the Conglomerates industry median of 11.32. Ayala's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Ayala (PHS:AC), the current EV-to-EBIT is 9.84 as of Jul. 30, 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 Ayala (PHS:AC) Overvalued in 2026?

Based on GuruFocus' analysis, Ayala stock appears to be undervalued. The current stock price of ₱512.00 is trading 24.5% below its estimated GF Value™ of ₱677.80. GuruFocus considers Ayala to be Modestly Undervalued.

Key valuation signals for PHS:AC:

  • EV-to-EBIT: 9.84 (29% below median its 10-year median of 13.90)
  • GF Value™: ₱677.80 vs. price of ₱512.00 (24.5% below fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 13.1% below the Conglomerates median (#183 of 455)

No single metric tells the full story. See the PHS:AC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ayala Business Description

Other Exchanges AYYLF:USAAYALY:USA
Address Paseo de Roxas corner, Makati Avenue, 37th Floor to 39th Floor, Ayala Triangle Gardens Tower 2, Makati, PHL, 1226
Ayala Corporation is a general real estate company. The group is organized into a variety of business units. Ayala's real estate business is predominantly conducted through its subsidiary, Ayala Land, Inc. Its involvement in financial services is through an affiliate, the Bank of the Philippine Islands. The group's business has the following main segments: Parent Company; Real estate and hotels; Financial services and insurance; Telecommunications; Industrial Technologies; Power Generation; and Automotive and Others. It derives maximum revenue from Real Estate and hotels segment. The group geographically, operates in Philippines, Europe, Asia, and USA, of which it derives maximum revenue from Philippines.
86GF Score

Get the complete analysis for PHS:AC

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱512.00
Price
₱677.80
GF Value