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The Philippine Stock ExchangePHS:PSE -0.39%89 Shiller PE Ratio is 16.13 as of Aug. 12, 2026, which is 2% below its 10-year median of 16.45. GuruFocus rates PHS:PSE with a GF Score™ of 89/100 and a GF Value™ of ₱386.78 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 474 Capital Markets companies, The Philippine Stock Exchange ranks better than 65.19% on this metric.
The historical rank and industry rank for The Philippine Stock Exchange's Shiller PE Ratio or its related term are showing as below:
PHS:PSE'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.17 Med: 16.45 Max: 22.3
Current: 16.05
During the past years, The Philippine Stock Exchange's highest Shiller PE Ratio was 22.30. The lowest was 13.17. And the median was 16.45.
PHS:PSE's Shiller PE Ratio is ranked better than 65.19% of 474
companies
in the Capital Markets industry
Industry Median: 21.535
vs PHS:PSE: 16.05
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
The Philippine Stock Exchange's adjusted earnings per share data for the three months ended in Mar. 2026 was ₱4.540. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ₱12.66 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
The Philippine Stock Exchange (PHS:PSE) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
The Philippine Stock Exchange Shiller PE Ratio Related Terms
The Philippine Stock Exchange Shiller PE Ratio 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 Shiller PE Ratio Chart
PHS:PSE vs SPGI, CME, ICE: Shiller PE Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, The Philippine Stock Exchange's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The Philippine Stock Exchange's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where The Philippine Stock Exchange's Shiller PE Ratio falls into.
The Philippine Stock Exchange Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
The Philippine Stock Exchange (PHS:PSE) has a Shiller PE Ratio of 16.13 as of Aug. 12, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on The Philippine Stock Exchange and its competitors. This is near median its historical median of 16.45. Over the past decade, The Philippine Stock Exchange's Shiller PE Ratio has ranged from 13.17 to 22.30. According to the industry distribution chart, The Philippine Stock Exchange ranks #165 out of 474 companies in the Capital Markets industry, placing it in the top 34.8%.
Is The Philippine Stock Exchange's Shiller PE Ratio too high?
The Philippine Stock Exchange's current Shiller PE Ratio of 16.13 is near median its 10-year median of 16.45. Over the past 10 years, this metric has ranged from a low of 13.17 to a high of 22.30. The Capital Markets industry median Shiller PE Ratio is 21.54. The Philippine Stock Exchange's value of 16.13 is 25.1% below this industry median. Based on the distribution chart, The Philippine Stock Exchange ranks #165 out of 474 companies in the Capital Markets industry, which is above the industry midpoint. Overall, The Philippine Stock Exchange has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Philippine Stock Exchange's Shiller PE Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, The Philippine Stock Exchange ranks #165 out of 474 companies for Shiller PE Ratio. This puts The Philippine Stock Exchange in the upper half of its industry. The industry median Shiller PE Ratio is 21.54. The Philippine Stock Exchange's value of 16.13 is 25.1% below this benchmark. Historically, The Philippine Stock Exchange's own Shiller PE Ratio has ranged from 13.17 to 22.30 over the past decade. While the company's 10-year median is 16.45 vs. the industry median of 21.54, The Philippine Stock Exchange has consistently been below 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 Shiller PE Ratio for a Capital Markets company?
The median Shiller PE Ratio among Capital Markets companies is 21.54, based on 474 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Philippine Stock Exchange's current Shiller PE Ratio of 16.13 is 25.1% below 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on The Philippine Stock Exchange and its competitors. For the Capital Markets industry, the median Shiller PE Ratio is 21.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Philippine Stock Exchange's current Shiller PE Ratio is 16.13, which is near median its own 10-year median of 16.45. 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 ₱386.78, compared to a current price of ₱204.20 — trading 47.2% below its estimated fair value. The current Shiller PE Ratio is 16.13, which is near median its 10-year median of 16.45 and 25.1% below the Capital Markets industry median of 21.54. The Philippine Stock Exchange's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For The Philippine Stock Exchange (PHS:PSE), the current Shiller PE Ratio is 16.13 as of Aug. 12, 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 ₱204.20 is trading 47.2% below its estimated GF Value™ of ₱386.78.
GuruFocus considers The Philippine Stock Exchange to be Significantly Undervalued.
Key valuation signals for PHS:PSE:
Shiller PE Ratio: 16.13 (near median its 10-year median of 16.45)
GF Value™: ₱386.78 vs. price of ₱204.20 (47.2% below fair value)
Industry Position: 25.1% below the Capital Markets median (#165 of 474)
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.
89GF Score
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