Belle (PHS:BEL) OCF Margin %: 76.23% (As of Mar. 2026) — 27% Above 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 OCF Margin %?

Belle PHS:BEL 78 OCF Margin % is 76.23% as of Mar. 2026, which is 27% above its 10-year median of 60.10. 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 1,754 Real Estate companies, Belle ranks better than 95.27% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Belle's Cash Flow from Operations for the three months ended in Mar. 2026 was ₱1,081 Mil. Belle's Revenue for the three months ended in Mar. 2026 was ₱1,418 Mil. Therefore, Belle's OCF Margin % for the quarter that ended in Mar. 2026 was 76.23%.

As of today, Belle's current OCF Yield % is 37.50%.

The historical rank and industry rank for Belle's OCF Margin % or its related term are showing as below:

PHS:BEL' s OCF Margin % Range Over the Past 10 Years
Min: -8.71   Med: 60.1   Max: 87.22
Current: 86.98


During the past 13 years, the highest OCF Margin % of Belle was 87.22%. The lowest was -8.71%. And the median was 60.10%.

PHS:BEL's OCF Margin % is ranked better than
95.27% of 1754 companies
in the Real Estate industry
Industry Median: 10.335 vs PHS:BEL: 86.98


Belle OCF Margin % Related Terms


Belle OCF Margin % Historical Data

* Premium members only.

The historical data trend for Belle's OCF 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 OCF Margin % Chart

Belle Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.09 44.94 74.41 82.42 87.22

Belle Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF 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 76.24 73.56 76.03 122.76 76.23

Belle OCF Margin % Competitor Comparison

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

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

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


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

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

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

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=4513.482/5174.624
=87.22 %

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

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1080.753/1417.661
=76.23 %

* 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 OCF Margin % →
What does a OCF Margin % of 76.23% mean?
Belle (PHS:BEL) has a OCF Margin % of 76.23% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Belle and its competitors. This is 27% above median its historical median of 60.10. According to the industry distribution chart, Belle ranks #83 out of 1754 companies in the Real Estate industry, placing it in the top 4.7%.
Is Belle's OCF Margin % too high?
Belle's current OCF Margin % of 76.23% is 27% above median its 10-year median of 60.10. The Real Estate industry median OCF Margin % is 10.34. Belle's value of 76.23% is 637.6% above this industry median. Based on the distribution chart, Belle ranks #83 out of 1754 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 OCF Margin % compare to competitors?
According to the Real Estate industry distribution chart, Belle ranks #83 out of 1754 companies for OCF Margin %. This places Belle in the top 5% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 10.34. Belle's value of 76.23% is 637.6% above this benchmark. While the company's 10-year median is 60.10 vs. the industry median of 10.34, 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 OCF Margin % for a Real Estate company?
The median OCF Margin % among Real Estate companies is 10.34, based on 1,754 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Belle's current OCF Margin % of 76.23% is 637.6% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Belle and its competitors. For the Real Estate industry, the median OCF Margin % is 10.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belle's current OCF Margin % is 76.23%, which is 27% above median its own 10-year median of 60.10. 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 OCF Margin % is 76.23%, which is 27% above median its 10-year median of 60.10 and 637.6% above the Real Estate industry median of 10.34. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Belle (PHS:BEL), the current OCF Margin % is 76.23% 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:

  • OCF Margin %: 76.23% (27% above median its 10-year median of 60.10)
  • GF Value™: ₱1.36 vs. price of ₱1.21 (11% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 637.6% above the Real Estate median (#83 of 1754)

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

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

₱1.21
Price
₱1.36
GF Value