Philippine Estates (PHS:PHES) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


PHS:PHES Philippine Estates Corp PHS:PHES
46 GF Score
Price ₱0.45
GF Value ₱0.25
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Philippine Estates Scaled Net Operating Assets?

Philippine Estates PHS:PHES +8.54% 46 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates PHS:PHES with a GF Score™ of 46/100 and a GF Value™ of ₱0.25 (Significantly Overvalued). The stock has 8 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.

Philippine Estates's operating assets for the quarter that ended in Mar. 2026 was ₱3,635.3 Mil. Philippine Estates's operating liabilities for the quarter that ended in Mar. 2026 was ₱650.9 Mil. Philippine Estates's Total Assets for the quarter that ended in Dec. 2025 was ₱3,609.8 Mil. Therefore, Philippine Estates's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.

Philippine Estates Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Philippine Estates'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.

Philippine Estates Scaled Net Operating Assets Chart

Philippine Estates 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 0.78 1.37 0.88 0.90 0.93

Philippine Estates 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 0.94 0.85 0.86 0.83 0.83

PHS:PHES vs CBRE, BEKE: Scaled Net Operating Assets Comparison

For the Real Estate Services subindustry, Philippine Estates'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.

Philippine Estates Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Philippine Estates's Scaled Net Operating Assets distribution charts can be found below:

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


PHS:PHES
46GF Score
Philippine Estates Corp PHS:PHES
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Philippine Estates 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.

Philippine Estates'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 )
=(3591.877-623.097)/3209.339
=0.93

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3609.795 - 17.918
=3591.877

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=765.533 - 38.488 - 103.948
=623.097

Philippine Estates'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 )
=(3635.254-650.938)/3609.795
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3663.713 - 28.459
=3635.254

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=819.098 - 64.212 - 103.948
=650.938

* 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 0.83 mean?
Philippine Estates (PHS:PHES) has a Scaled Net Operating Assets of 0.83 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 Philippine Estates and its competitors.
Is Philippine Estates' Scaled Net Operating Assets too high?
Philippine Estates' current Scaled Net Operating Assets is 0.83. Overall, Philippine Estates has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philippine Estates' Scaled Net Operating Assets compare to CBRE and BEKE?
Philippine Estates' Scaled Net Operating Assets of 0.83 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 Philippine Estates and its competitors. Philippine Estates's current Scaled Net Operating Assets is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philippine Estates stock overvalued right now?
Based on GuruFocus' analysis, Philippine Estates (PHS:PHES) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.25, compared to a current price of ₱0.45 — trading 78% above its estimated fair value. The current Scaled Net Operating Assets is 0.83. Philippine Estates' overall GF Score™ is 46/100 with 8 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 Philippine Estates (PHS:PHES), the current Scaled Net Operating Assets is 0.83 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 Philippine Estates (PHS:PHES) Overvalued in 2026?

Based on GuruFocus' analysis, Philippine Estates stock appears to be overvalued. The current stock price of ₱0.45 is trading 78% above its estimated GF Value™ of ₱0.25. GuruFocus considers Philippine Estates to be Significantly Overvalued.

Key valuation signals for PHS:PHES:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: ₱0.25 vs. price of ₱0.45 (78% above fair value)
  • GF Score™: 46/100 with 8 warning signs

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

Philippine Estates Business Description

Address Julia Vargas Avenue corner, Meralco Avenue, 35th Floor One Corporate Center, Ortigas Center, Pasig, PHL, 1605
Philippine Estates Corp is principally engaged in the business of holding and developing real estate or other properties for industrial, commercial, residential, leisure or sports purposes, and in pursuance thereof, to acquire by purchase, lease or otherwise, real estate and/or appurtenant properties and/or interest therein. The Group classifies business segments based on location of its real property projects as in the following geographical areas: a) Metro Manila: industrial park and condominium projects, b) Bulacan: subdivision, mixed use, c) Other Luzon Areas such as Cavite: subdivision development, d) Cebu: subdivision, mixed use and condominium projects, e) Iloilo: subdivision, mixed use and condominium projects, f) Davao: administrative office. Key revenue is derived from Iloilo.
46GF Score

Get the complete analysis for PHS:PHES

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

₱0.45
Price
₱0.25
GF Value