DMCI Holdings (PHS:DMC) Scaled Net Operating Assets: 0.66 (As of Mar. 2026)


PHS:DMC DMCI Holdings Inc PHS:DMC
73 GF Score
Price ₱7.93
GF Value ₱10.39
Valuation Modestly Undervalued
! 4 Warning Signs
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What is DMCI Holdings Scaled Net Operating Assets?

DMCI Holdings PHS:DMC -1.61% 73 Scaled Net Operating Assets is 0.66 as of Mar. 2026. GuruFocus rates PHS:DMC with a GF Score™ of 73/100 and a GF Value™ of ₱10.39 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

DMCI Holdings's operating assets for the quarter that ended in Mar. 2026 was ₱253,183 Mil. DMCI Holdings's operating liabilities for the quarter that ended in Mar. 2026 was ₱65,851 Mil. DMCI Holdings's Total Assets for the quarter that ended in Dec. 2025 was ₱281,728 Mil. Therefore, DMCI Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.66.


DMCI Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for DMCI Holdings's Scaled Net Operating Assets 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.

DMCI Holdings Scaled Net Operating Assets Chart

DMCI Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.73 0.64 0.76 0.66

DMCI Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.61 0.62 0.63 0.65 0.67

PHS:DMC vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, DMCI Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


DMCI Holdings Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, DMCI Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where DMCI Holdings's Scaled Net Operating Assets falls into.


PHS:DMC
73GF Score
DMCI Holdings Inc PHS:DMC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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DMCI Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

DMCI Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(252649.619-63700.43)/288311.951
=0.66

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=281727.515 - 29077.896
=252649.619

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=133280.657 - 54003.634 - 15576.593
=63700.43

DMCI Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(253182.557-65851.35)/281727.515
=0.66

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=288524.469 - 35341.912
=253182.557

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=133862.867 - 54732.6 - 13278.917
=65851.35

* 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.

What does a Scaled Net Operating Assets of 0.66 mean?
DMCI Holdings (PHS:DMC) has a Scaled Net Operating Assets of 0.66 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on DMCI Holdings and its competitors.
Is DMCI Holdings' Scaled Net Operating Assets too high?
DMCI Holdings' current Scaled Net Operating Assets is 0.66. Overall, DMCI Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DMCI Holdings' Scaled Net Operating Assets compare to HON and MMM?
DMCI Holdings' Scaled Net Operating Assets of 0.66 can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on DMCI Holdings and its competitors. DMCI Holdings's current Scaled Net Operating Assets is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMCI Holdings stock overvalued right now?
Based on GuruFocus' analysis, DMCI Holdings (PHS:DMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱10.39, compared to a current price of ₱7.93 — trading 23.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.66. DMCI Holdings' overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For DMCI Holdings (PHS:DMC), the current Scaled Net Operating Assets is 0.66 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 DMCI Holdings (PHS:DMC) Overvalued in 2026?

Based on GuruFocus' analysis, DMCI Holdings stock appears to be undervalued. The current stock price of ₱7.93 is trading 23.7% below its estimated GF Value™ of ₱10.39. GuruFocus considers DMCI Holdings to be Modestly Undervalued.

Key valuation signals for PHS:DMC:

  • Scaled Net Operating Assets: 0.66
  • GF Value™: ₱10.39 vs. price of ₱7.93 (23.7% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the PHS:DMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DMCI Holdings Business Description

Other Exchanges DMCHY:USA
Address 2281 Don Chino Roces Avenue, 3rd Floor, Dacon Building, Makati, PHL, 1231
DMCI Holdings Inc is an engineering conglomerate in the Philippines, operating in construction, real estate, coal mining, nickel mining, power generation, and water distribution businesses. The activities of the company include construction-related businesses such as the production and trading of concrete products, exploration, mining, and development of coal resources, mining and selling nickel ore, residential development, power generation through coal-fired power plants and satellite power plants, water services, and others. It organizes its business into operating segments: construction and others, coal mining, nickel mining, real estate, on-grid power, off-grid power, water, and cement manufacturing. It generates the majority of its revenue from the coal mining segment.
73GF Score

Get the complete analysis for PHS:DMC

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱7.93
Price
₱10.39
GF Value