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San MiguelPHS:SMC 74 EV-to-OCF is 10.33 as of Jul. 20, 2026, which is 45% below its 10-year median of 18.71. GuruFocus rates PHS:SMC with a GF Score™ of 74/100 and a GF Value™ of ₱82.74 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 568 Conglomerates companies, San Miguel ranks worse than 56.87% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, San Miguel's Enterprise Value is ₱1,894,089 Mil.
San Miguel's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₱183,416 Mil. Therefore, San Miguel's EV-to-OCF for today is 10.33.
The historical rank and industry rank for San Miguel's EV-to-OCF or its related term are showing as below:
PHS:SMC'
s EV-to-OCF Range Over the Past 10 Years
Min: -141.51 Med: 18.71 Max: 131.46
Current: 10.33
During the past 13 years, the highest EV-to-OCF of San Miguel was 131.46. The lowest was -141.51. And the median was 18.71.
PHS:SMC's EV-to-OCF is ranked worse than 56.87% of 568
companies
in the Conglomerates industry
Industry Median: 8.455
vs PHS:SMC: 10.33
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
San Miguel's share price for today is ₱68.00.
San Miguel's Earnings per Share (Diluted) 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 ₱4.290.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
San Miguel EV-to-OCF Related Terms
San Miguel EV-to-OCF Historical Data
* Premium members only.
The historical data trend for San Miguel's EV-to-OCF 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.
For the Conglomerates subindustry, San Miguel's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
San Miguel EV-to-OCF vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, San Miguel's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where San Miguel's EV-to-OCF falls into.
San Miguel's current Enterprise Value is ₱1,894,089 Mil.
San Miguel's Cash Flow from Operations 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 ₱183,416 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.
San Miguel (PHS:SMC) has a EV-to-OCF of 10.33 as of Jul. 20, 2026. This is 45% below median its historical median of 18.71. According to the industry distribution chart, San Miguel ranks #323 out of 568 companies in the Conglomerates industry, placing it in the top 56.9%.
Is San Miguel's EV-to-OCF too high?
San Miguel's current EV-to-OCF of 10.33 is 45% below median its 10-year median of 18.71. The Conglomerates industry median EV-to-OCF is 8.46. San Miguel's value of 10.33 is 22.2% above this industry median. Based on the distribution chart, San Miguel ranks #323 out of 568 companies in the Conglomerates industry, which is below the industry midpoint. Overall, San Miguel has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Miguel's EV-to-OCF compare to HON and MMM?
According to the Conglomerates industry distribution chart, San Miguel ranks #323 out of 568 companies for EV-to-OCF. This places San Miguel in the lower half of its industry. The industry median EV-to-OCF is 8.46. San Miguel's value of 10.33 is 22.2% above this benchmark. While the company's 10-year median is 18.71 vs. the industry median of 8.46, San Miguel 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 EV-to-OCF for a Conglomerates company?
The median EV-to-OCF among Conglomerates companies is 8.46, based on 568 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. San Miguel's current EV-to-OCF of 10.33 is 22.2% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Conglomerates industry, the median EV-to-OCF is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Miguel's current EV-to-OCF is 10.33, which is 45% below median its own 10-year median of 18.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel stock overvalued right now?
Based on GuruFocus' analysis, San Miguel (PHS:SMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱82.74, compared to a current price of ₱68.00 — trading 17.8% below its estimated fair value. The current EV-to-OCF is 10.33, which is 45% below median its 10-year median of 18.71 and 22.2% above the Conglomerates industry median of 8.46. San Miguel's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For San Miguel (PHS:SMC), the current EV-to-OCF is 10.33 as of Jul. 20, 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 San Miguel (PHS:SMC) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel stock appears to be undervalued.
The current stock price of ₱68.00 is trading 17.8% below its estimated GF Value™ of ₱82.74.
GuruFocus considers San Miguel to be Modestly Undervalued.
Key valuation signals for PHS:SMC:
EV-to-OCF: 10.33 (45% below median its 10-year median of 18.71)
GF Value™: ₱82.74 vs. price of ₱68.00 (17.8% below fair value)
Industry Position: 22.2% above the Conglomerates median (#323 of 568)
No single metric tells the full story. See the PHS:SMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Corp, through its subsidiaries, operates in various reportable business segments, including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and real estate property management and development. Maximum revenue is generated from the fuel and oil segment, which is engaged in refining crude oil and marketing and distribution of refined petroleum products.
74GF Score
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