San Miguel (PHS:SMC) Tax Rate %: 15.38% (As of Mar. 2026)

What is San Miguel Tax Rate %?

San Miguel PHS:SMC -0.52% 76 Tax Rate % is 15.38% as of Mar. 2026. GuruFocus rates PHS:SMC with a GF Score™ of 76/100 and a GF Value™ of ₱82.75 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. San Miguel's Tax Expense for the three months ended in Mar. 2026 was ₱4,084 Mil. San Miguel's Pre-Tax Income for the three months ended in Mar. 2026 was ₱26,549 Mil. Therefore, San Miguel's Tax Rate % for the quarter that ended in Mar. 2026 was 15.38%.

San Miguel Tax Rate % Related Terms

San Miguel Tax Rate % Historical Data

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The historical data trend for San Miguel's Tax Rate % 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.

San Miguel Tax Rate % Chart

San Miguel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Tax Rate %

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26.98

33.23

38.86

42.84

23.75

San Miguel Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Tax Rate %	Get a 7-Day Free Trial															17.85	25.57	29.68	30.45	15.38

76GF Score

San Miguel Corp PHS:SMC

Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.

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San Miguel Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

San Miguel's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2025 )	/	Pre-Tax Income (A: Dec. 2025 )
	=	29495	/	124173
	=	23.75 %

San Miguel's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2026 )	/	Pre-Tax Income (Q: Mar. 2026 )
	=	4084	/	26549
	=	15.38 %

Frequently Asked Questions Learn more about Tax Rate % →

What does a Tax Rate % of 15.38% mean?

San Miguel (PHS:SMC) has a Tax Rate % of 15.38% as of Mar. 2026.

Is San Miguel's Tax Rate % too high?

San Miguel's current Tax Rate % is 15.38%. Overall, San Miguel has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does San Miguel's Tax Rate % compare to HON and MMM?

San Miguel's Tax Rate % of 15.38% 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 Tax Rate % for a Conglomerates company?

A good Tax Rate % depends on the Conglomerates industry context. However, Tax Rate % 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 Tax Rate % mean?

A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. San Miguel's current Tax Rate % is 15.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is San Miguel stock overvalued right now?

Based on GuruFocus' analysis, San Miguel (PHS:SMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱82.75, compared to a current price of ₱67.25 — trading 18.7% below its estimated fair value. The current Tax Rate % is 15.38%. San Miguel's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Tax Rate % calculated?

Tax Rate % is calculated from a company's financial statements. For San Miguel (PHS:SMC), the current Tax Rate % is 15.38% 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 San Miguel (PHS:SMC) Overvalued in 2026?

Based on GuruFocus' analysis, San Miguel stock appears to be undervalued. The current stock price of ₱67.25 is trading 18.7% below its estimated GF Value™ of ₱82.75. GuruFocus considers San Miguel to be Modestly Undervalued.

Key valuation signals for PHS:SMC:

Tax Rate %: 15.38%
GF Value™: ₱82.75 vs. price of ₱67.25 (18.7% below fair value)
GF Score™: 76/100 with 5 warning signs

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

San Miguel Business Description

Industry Industrials Conglomerates

Comparable Companies PHS:LTG PHS:JGS PHS:DMC PHS:AGI PHS:FDC PHS:TFHI PHS:MWIDE PHS:HI PHS:PHN PHS:GREEN ADX:IHC HON TSE:6501 TSE:8058 MMM TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053

Other Exchanges SMGBF:USA SMC2K.PFD:Philippines SMC2I.PFD:Philippines SMC2E.PFD:Philippines

Address No. 40 San Miguel Avenue, P.O. Box 271, Manila Central Post Office, Metro Manila, Mandaluyong, PHL, 1550

Website https://www.sanmiguel.com.ph

San Miguel Corp, through its subsidiaries, operates in various reportable business segments, including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and real estate property management and development. Maximum revenue is generated from the fuel and oil segment, which is engaged in refining crude oil and marketing and distribution of refined petroleum products.

76GF Score

Get the complete analysis for PHS:SMC

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱67.25

Price

₱82.75

GF Value

View PHS:SMC Analysis

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