The Philippine Stock ExchangePHS:PSE +1.40%91 Operating Margin % is 56.23% as of Mar. 2026, which is 10% above its 10-year median of 51.16. GuruFocus rates PHS:PSE with a GF Score™ of 91/100 and a GF Value™ of ₱377.51 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 664 Capital Markets companies, The Philippine Stock Exchange ranks better than 83.43% on this metric.
The Philippine Stock Exchange (PHS:PSE) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
The Philippine Stock Exchange Operating Margin % Related Terms
The Philippine Stock Exchange Operating Margin % 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 Operating Margin % Chart
PHS:PSE vs SPGI, CME, ICE: Operating Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, The Philippine Stock Exchange's Operating Margin %, along with its competitors' market caps and Operating 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.
The Philippine Stock Exchange Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The Philippine Stock Exchange's Operating Margin % distribution charts can be found below:
* The bar in red indicates where The Philippine Stock Exchange's Operating Margin % falls into.
The Philippine Stock Exchange Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* 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 Operating Margin % of 56.23% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on The Philippine Stock Exchange and its competitors. This is 10% above median its historical median of 51.16. Over the past decade, The Philippine Stock Exchange's Operating Margin % has ranged from 38.37 to 59.34. According to the industry distribution chart, The Philippine Stock Exchange ranks #110 out of 664 companies in the Capital Markets industry, placing it in the top 16.6%.
Is The Philippine Stock Exchange's Operating Margin % too high?
The Philippine Stock Exchange's current Operating Margin % of 56.23% is 10% above median its 10-year median of 51.16. Over the past 10 years, this metric has ranged from a low of 38.37 to a high of 59.34. The Capital Markets industry median Operating Margin % is 6.96. The Philippine Stock Exchange's value of 56.23% is 708.5% above this industry median. Based on the distribution chart, The Philippine Stock Exchange ranks #110 out of 664 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, The Philippine Stock Exchange has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Philippine Stock Exchange's Operating Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, The Philippine Stock Exchange ranks #110 out of 664 companies for Operating Margin %. This places The Philippine Stock Exchange in the top 17% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.96. The Philippine Stock Exchange's value of 56.23% is 708.5% above this benchmark. Historically, The Philippine Stock Exchange's own Operating Margin % has ranged from 38.37 to 59.34 over the past decade. While the company's 10-year median is 51.16 vs. the industry median of 6.96, The Philippine Stock Exchange 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 Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Philippine Stock Exchange's current Operating Margin % of 56.23% is 708.5% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on The Philippine Stock Exchange and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Philippine Stock Exchange's current Operating Margin % is 56.23%, which is 10% above median its own 10-year median of 51.16. 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 ₱377.51, compared to a current price of ₱202.80 — trading 46.3% below its estimated fair value. The current Operating Margin % is 56.23%, which is 10% above median its 10-year median of 51.16 and 708.5% above the Capital Markets industry median of 6.96. The Philippine Stock Exchange's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For The Philippine Stock Exchange (PHS:PSE), the current Operating Margin % is 56.23% 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 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 ₱202.80 is trading 46.3% below its estimated GF Value™ of ₱377.51.
GuruFocus considers The Philippine Stock Exchange to be Significantly Undervalued.
Key valuation signals for PHS:PSE:
Operating Margin %: 56.23% (10% above median its 10-year median of 51.16)
GF Value™: ₱377.51 vs. price of ₱202.80 (46.3% below fair value)
Industry Position: 708.5% above the Capital Markets median (#110 of 664)
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 Business Description
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.
91GF Score
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