The Philippine Stock Exchange (PHS:PSE) ROCE %: 26.17% (As of Mar. 2026)


PHS:PSE The Philippine Stock Exchange Inc PHS:PSE
91 GF Score
Price ₱202.80
GF Value ₱377.31
Valuation Significantly Undervalued
! 4 Warning Signs
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What is The Philippine Stock Exchange ROCE %?

The Philippine Stock Exchange PHS:PSE +1.40% 91 ROCE % is 26.17% as of Mar. 2026. GuruFocus rates PHS:PSE with a GF Score™ of 91/100 and a GF Value™ of ₱377.31 (Significantly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. The Philippine Stock Exchange's annualized ROCE % for the quarter that ended in Mar. 2026 was 26.17%.

The Philippine Stock Exchange  (PHS:PSE) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

The Philippine Stock Exchange ROCE % Related Terms

The Philippine Stock Exchange ROCE % Historical Data

* Premium members only.

The historical data trend for The Philippine Stock Exchange's ROCE % 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.

The Philippine Stock Exchange ROCE % Chart

The Philippine Stock Exchange Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.63 14.68 14.96 19.33 21.88

The Philippine Stock Exchange Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 17.79 21.49 21.45 33.99 26.17
PHS:PSE
91GF Score
The Philippine Stock Exchange Inc PHS:PSE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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The Philippine Stock Exchange ROCE % Calculation

The Philippine Stock Exchange's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1668.698/( ( (8537.563 - 783.052) + (8750.901 - 1255.614) )/ 2 )
=1668.698/( (7754.511+7495.287)/ 2 )
=1668.698/7624.899
=21.88 %

The Philippine Stock Exchange's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1949.664/( ( (8750.901 - 1255.614) + (9261.823 - 1858.858) )/ 2 )
=1949.664/( ( 7495.287 + 7402.965 )/ 2 )
=1949.664/7449.126
=26.17 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 26.17% mean?
The Philippine Stock Exchange (PHS:PSE) has a ROCE % of 26.17% as of Mar. 2026.
Is The Philippine Stock Exchange's ROCE % too high?
The Philippine Stock Exchange's current ROCE % is 26.17%. The Capital Markets industry median ROCE % is 5.58. The Philippine Stock Exchange's value of 26.17% is 369.4% above this industry median. 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 ROCE % compare to SPGI and CME?
The Philippine Stock Exchange's ROCE % of 26.17% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. The Philippine Stock Exchange's value of 26.17% is 369.4% 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 ROCE % for a Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Philippine Stock Exchange's current ROCE % of 26.17% is 369.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Philippine Stock Exchange's current ROCE % is 26.17%. 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 ₱377.31, compared to a current price of ₱202.80 — trading 46.3% below its estimated fair value. The current ROCE % is 26.17% and 369.4% above the Capital Markets industry median of 5.58. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For The Philippine Stock Exchange (PHS:PSE), the current ROCE % is 26.17% 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 ₱377.31. GuruFocus considers The Philippine Stock Exchange to be Significantly Undervalued.

Key valuation signals for PHS:PSE:

  • ROCE %: 26.17%
  • GF Value™: ₱377.31 vs. price of ₱202.80 (46.3% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 369.4% above the Capital Markets median

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

Address 28th Street, 5th Avenue corner, 6th to 10th floors, PSE Tower, Bonifacio Global City, Taguig, PHL, 1634
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱202.80
Price
₱377.31
GF Value