Shang Properties (PHS:SHNG) Liabilities-to-Assets : 0.37 (As of Mar. 2026)

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:SHNG Shang Properties Inc PHS:SHNG
84 GF Score
Price ₱3.39
GF Value ₱4.42
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Shang Properties Liabilities-to-Assets?

Shang Properties PHS:SHNG +2.73% 84 Liabilities-to-Assets is 0.37 as of Mar. 2026. GuruFocus rates PHS:SHNG with a GF Score™ of 84/100 and a GF Value™ of ₱4.42 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Shang Properties's Total Liabilities for the quarter that ended in Mar. 2026 was ₱36,012 Mil. Shang Properties's Total Assets for the quarter that ended in Mar. 2026 was ₱96,863 Mil. Therefore, Shang Properties's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2026 was 0.37.


Shang Properties  (PHS:SHNG) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Shang Properties Liabilities-to-Assets Related Terms


Shang Properties Liabilities-to-Assets Historical Data

* Premium members only.

The historical data trend for Shang Properties's Liabilities-to-Assets 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.

Shang Properties Liabilities-to-Assets Chart

Shang Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.32 0.32 0.38 0.38

Shang Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Liabilities-to-Assets 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 0.37 0.39 0.45 0.38 0.37

Shang Properties Liabilities-to-Assets Competitor Comparison

For the Real Estate - Diversified subindustry, Shang Properties's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Shang Properties Liabilities-to-Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shang Properties's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Shang Properties's Liabilities-to-Assets falls into.


PHS:SHNG
84GF Score
Shang Properties Inc PHS:SHNG
Liabilities-to-Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shang Properties Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Shang Properties's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2025 is calculated as:

Liabilities-to-Assets (A: Dec. 2025 )=Total Liabilities/Total Assets
=36581.817/96604.287
=0.38

Shang Properties's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2026 is calculated as

Liabilities-to-Assets (Q: Mar. 2026 )=Total Liabilities/Total Assets
=36012.263/96862.658
=0.37

* 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 Liabilities-to-Assets →
What does a Liabilities-to-Assets of 0.37 mean?
Shang Properties (PHS:SHNG) has a Liabilities-to-Assets of 0.37 as of Mar. 2026. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Shang Properties and its competitors.
Is Shang Properties' Liabilities-to-Assets too high?
Shang Properties' current Liabilities-to-Assets is 0.37. Overall, Shang Properties has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shang Properties' Liabilities-to-Assets compare to competitors?
Shang Properties' Liabilities-to-Assets of 0.37 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for a Real Estate company?
A good Liabilities-to-Assets depends on the Real Estate industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Shang Properties and its competitors. Shang Properties's current Liabilities-to-Assets is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shang Properties stock overvalued right now?
Based on GuruFocus' analysis, Shang Properties (PHS:SHNG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱4.42, compared to a current price of ₱3.39 — trading 23.3% below its estimated fair value. The current Liabilities-to-Assets is 0.37. Shang Properties' overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Shang Properties (PHS:SHNG), the current Liabilities-to-Assets is 0.37 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 Shang Properties (PHS:SHNG) Overvalued in 2026?

Based on GuruFocus' analysis, Shang Properties stock appears to be undervalued. The current stock price of ₱3.39 is trading 23.3% below its estimated GF Value™ of ₱4.42. GuruFocus considers Shang Properties to be Modestly Undervalued.

Key valuation signals for PHS:SHNG:

  • Liabilities-to-Assets: 0.37
  • GF Value™: ₱4.42 vs. price of ₱3.39 (23.3% below fair value)
  • GF Score™: 84/100 with 5 warning signs

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


Shang Properties Business Description

Address EDSA Corner Shaw Boulevard, Level 5, Administration Offices, Shangri-La Plaza Mall, Metro Manila, Mandaluyong, PHL, 1550
Shang Properties Inc is to acquire, own, develop, subdivide, sell, mortgage, exchange, lease or hold for investment, real properties of all kinds. The company has three segments Property development, Hotel operations, Leasing. The company generates majority of revenue from Property development segment.
84GF Score

Get the complete analysis for PHS:SHNG

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

₱3.39
Price
₱4.42
GF Value