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The Philippine Stock ExchangePHS:PSE +0.29%85 Net Cash per Share is ₱13.50 as of Mar. 2026, which is 100% below its 10-year median of 7.36. GuruFocus rates PHS:PSE with a GF Score™ of 85/100 and a GF Value™ of ₱385.62 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 223 Capital Markets companies, The Philippine Stock Exchange ranks worse than 73.09% on this metric.
The historical rank and industry rank for The Philippine Stock Exchange's Net Cash per Share or its related term are showing as below:
PHS:PSE'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 4.11 Med: 7.36 Max: 62.29
Current: 15.11
During the past 13 years, the highest Price-to-Net-Cash Ratio of The Philippine Stock Exchange was 62.29. The lowest was 4.11. And the median was 7.36.
PHS:PSE's Price-to-Net-Cash is ranked worse than 73.09% of 223
companies
in the Capital Markets industry
Industry Median: 5.6
vs PHS:PSE: 15.11
The Philippine Stock Exchange (PHS:PSE) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
The Philippine Stock Exchange Net Cash per Share Related Terms
The Philippine Stock Exchange Net Cash per Share Historical Data
* 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.
The Philippine Stock Exchange Net Cash per Share Chart
PHS:PSE vs SPGI, CME, ICE: Net Cash per Share Comparison
For the Financial Data & Stock Exchanges subindustry, The Philippine Stock Exchange's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
The Philippine Stock Exchange Price-to-Net-Cash vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The Philippine Stock Exchange's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where The Philippine Stock Exchange's Price-to-Net-Cash falls into.
The Philippine Stock Exchange Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
* 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.
The Philippine Stock Exchange (PHS:PSE) has a Net Cash per Share of ₱13.50 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on The Philippine Stock Exchange and its competitors. This is 83% above median its historical median of 7.36. Over the past decade, The Philippine Stock Exchange's Net Cash per Share has ranged from 4.11 to 62.29. According to the industry distribution chart, The Philippine Stock Exchange ranks #163 out of 223 companies in the Capital Markets industry, placing it in the top 73.1%.
Is The Philippine Stock Exchange's Net Cash per Share too high?
The Philippine Stock Exchange's current Net Cash per Share of ₱13.50 is 83% above median its 10-year median of 7.36. Over the past 10 years, this metric has ranged from a low of 4.11 to a high of 62.29. Based on the distribution chart, The Philippine Stock Exchange ranks #163 out of 223 companies in the Capital Markets industry, which is below the industry midpoint. Overall, The Philippine Stock Exchange has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Philippine Stock Exchange's Net Cash per Share compare to SPGI and CME?
According to the Capital Markets industry distribution chart, The Philippine Stock Exchange ranks #163 out of 223 companies for Net Cash per Share. This places The Philippine Stock Exchange in the lower half of its industry. The industry median Net Cash per Share is 5.60. Historically, The Philippine Stock Exchange's own Net Cash per Share has ranged from 4.11 to 62.29 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Capital Markets company?
The median Net Cash per Share among Capital Markets companies is 5.60, based on 223 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on The Philippine Stock Exchange and its competitors. For the Capital Markets industry, the median Net Cash per Share is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Philippine Stock Exchange's current Net Cash per Share is ₱13.50, which is 83% above median its own 10-year median of 7.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Philippine Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, The Philippine Stock Exchange (PHS:PSE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱385.62, compared to a current price of ₱204.00 — trading 47.1% below its estimated fair value. The current Net Cash per Share is ₱13.50, which is 83% above median its 10-year median of 7.36. The Philippine Stock Exchange's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For The Philippine Stock Exchange (PHS:PSE), the current Net Cash per Share is ₱13.50 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 The Philippine Stock Exchange (PHS:PSE) Overvalued in 2026?
Based on GuruFocus' analysis, The Philippine Stock Exchange stock appears to be undervalued.
The current stock price of ₱204.00 is trading 47.1% below its estimated GF Value™ of ₱385.62.
GuruFocus considers The Philippine Stock Exchange to be Significantly Undervalued.
Key valuation signals for PHS:PSE:
Net Cash per Share: ₱13.50 (83% above median its 10-year median of 7.36)
GF Value™: ₱385.62 vs. price of ₱204.00 (47.1% below fair value)
No single metric tells the full story. See the PHS:PSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Philippine Stock Exchange Inc is a Philippines-based stock corporation. The company's business is to provide and maintain a convenient and suitable market for the exchange, purchase, and sale of all types of securities and other instruments. The company's business segments include: Equity, Clearing and Settlement Business; and Depository and Fixed Income Business. It derives maximum revenue from Equity, Clearing and Settlement Business. The sources of revenue also consist of listing-related fees for initial public offerings, annual listing maintenance membership, transactions, data feeds, and miscellaneous fees.
85GF Score
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