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.
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.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
SM Prime Holdings Price-to-Tangible-Book Related Terms
SM Prime Holdings Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for SM Prime Holdings's Price-to-Tangible-Book 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.
SM Prime Holdings Price-to-Tangible-Book Competitor Comparison
For the Real Estate - Diversified subindustry, SM Prime Holdings's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
SM Prime Holdings Price-to-Tangible-Book vs Real Estate Industry
For the Real Estate industry and Real Estate sector, SM Prime Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where SM Prime Holdings's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
SM Prime Holdings (PHS:SMPH) has a Price-to-Tangible-Book of 1.11 as of Sep. 06, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on SM Prime Holdings and its competitors. According to the industry distribution chart, SM Prime Holdings ranks #1057 out of 1687 companies in the Real Estate industry, placing it in the top 62.7%.
Is SM Prime Holdings' Price-to-Tangible-Book too high?
SM Prime Holdings' current Price-to-Tangible-Book is 1.11. The Real Estate industry median Price-to-Tangible-Book is 0.84. SM Prime Holdings' value of 1.11 is 32.1% above this industry median. Based on the distribution chart, SM Prime Holdings ranks #1057 out of 1687 companies in the Real Estate industry, which is below the industry midpoint. Overall, SM Prime Holdings has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SM Prime Holdings' Price-to-Tangible-Book compare to competitors?
According to the Real Estate industry distribution chart, SM Prime Holdings ranks #1057 out of 1687 companies for Price-to-Tangible-Book. This places SM Prime Holdings in the lower half of its industry. The industry median Price-to-Tangible-Book is 0.84. SM Prime Holdings' value of 1.11 is 32.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Real Estate company?
The median Price-to-Tangible-Book among Real Estate companies is 0.84, based on 1,687 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SM Prime Holdings's current Price-to-Tangible-Book of 1.11 is 32.1% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on SM Prime Holdings and its competitors. For the Real Estate industry, the median Price-to-Tangible-Book is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Prime Holdings's current Price-to-Tangible-Book is 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Prime Holdings stock overvalued right now?
Based on GuruFocus' analysis, SM Prime Holdings (PHS:SMPH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱24.89, compared to a current price of ₱18.34 — trading 26.3% below its estimated fair value. The current Price-to-Tangible-Book is 1.11 and 32.1% above the Real Estate industry median of 0.84. SM Prime Holdings' overall GF Score™ is 92/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For SM Prime Holdings (PHS:SMPH), the current Price-to-Tangible-Book is 1.11 as of Sep. 06, 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 SM Prime Holdings (PHS:SMPH) Overvalued in 2026?
Based on GuruFocus' analysis, SM Prime Holdings stock appears to be undervalued.
The current stock price of ₱18.34 is trading 26.3% below its estimated GF Value™ of ₱24.89.
GuruFocus considers SM Prime Holdings to be Modestly Undervalued.
Key valuation signals for PHS:SMPH:
Price-to-Tangible-Book: 1.11
GF Value™: ₱24.89 vs. price of ₱18.34 (26.3% below fair value)
Industry Position: 32.1% above the Real Estate median (#1057 of 1687)
No single metric tells the full story. See the PHS:SMPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SM Prime Holdings Inc is an integrated property developer. It is engaged in acquiring and developing real estate, conducting and maintaining commercial shopping centers, and constructing and managing buildings such as condominiums, apartments, hotels, restaurants, stores, and other structures for mixed-use purposes. The company has four business segments, namely, malls, residential, commercial, and integrated property developments and hotels and convention centers. It generates maximum revenue from the Malls segment, which develops, conducts, operates, and maintains the business of commercial shopping centers for rent, amusement centers, or cinema theaters within the compound of the shopping centers.
92GF Score
Get the complete analysis for PHS:SMPH
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:SMPH has been successfully added to your 
