The Philippine Stock Exchange (PHS:PSE) Asset Turnover: 0.09 (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
View Full Analysis

What is The Philippine Stock Exchange Asset Turnover?

The Philippine Stock Exchange PHS:PSE +1.40% 91 Asset Turnover is 0.09 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.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. The Philippine Stock Exchange's Revenue for the three months ended in Mar. 2026 was ₱765 Mil. The Philippine Stock Exchange's Total Assets for the quarter that ended in Mar. 2026 was ₱9,006 Mil. Therefore, The Philippine Stock Exchange's Asset Turnover for the quarter that ended in Mar. 2026 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. The Philippine Stock Exchange's annualized ROE % for the quarter that ended in Mar. 2026 was 26.85%. It is also linked to ROA % through Du Pont Formula. The Philippine Stock Exchange's annualized ROA % for the quarter that ended in Mar. 2026 was 16.53%.


The Philippine Stock Exchange  (PHS:PSE) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

The Philippine Stock Exchange's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1489.032/5546.406
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1489.032 / 3059.24)*(3059.24 / 9006.362)*(9006.362/ 5546.406)
=Net Margin %*Asset Turnover*Equity Multiplier
=48.67 %*0.3397*1.6238
=ROA %*Equity Multiplier
=16.53 %*1.6238
=26.85 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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 ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

The Philippine Stock Exchange's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=1489.032/9006.362
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1489.032 / 3059.24)*(3059.24 / 9006.362)
=Net Margin %*Asset Turnover
=48.67 %*0.3397
=16.53 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


The Philippine Stock Exchange Asset Turnover Related Terms


The Philippine Stock Exchange Asset Turnover Historical Data

* Premium members only.

The historical data trend for The Philippine Stock Exchange's Asset Turnover 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 Asset Turnover Chart

The Philippine Stock Exchange Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.21 0.20 0.18 0.33

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
Asset Turnover 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 0.07 0.08 0.08 0.10 0.09

PHS:PSE vs SPGI, CME, ICE: Asset Turnover Comparison

For the Financial Data & Stock Exchanges subindustry, The Philippine Stock Exchange's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Philippine Stock Exchange's Asset Turnover distribution charts can be found below:

* The bar in red indicates where The Philippine Stock Exchange's Asset Turnover falls into.


PHS:PSE
91GF Score
The Philippine Stock Exchange Inc PHS:PSE
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Philippine Stock Exchange Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

The Philippine Stock Exchange's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=2842.603/( (8537.563+8750.901)/ 2 )
=2842.603/8644.232
=0.33

The Philippine Stock Exchange's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=764.81/( (8750.901+9261.823)/ 2 )
=764.81/9006.362
=0.08

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.09 mean?
The Philippine Stock Exchange (PHS:PSE) has a Asset Turnover of 0.09 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on The Philippine Stock Exchange and its competitors.
Is The Philippine Stock Exchange's Asset Turnover too high?
The Philippine Stock Exchange's current Asset Turnover is 0.09. 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 Asset Turnover compare to SPGI and CME?
The Philippine Stock Exchange's Asset Turnover of 0.09 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Capital Markets company?
A good Asset Turnover depends on the Capital Markets industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on The Philippine Stock Exchange and its competitors. The Philippine Stock Exchange's current Asset Turnover is 0.09. 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 Asset Turnover is 0.09. 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 Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For The Philippine Stock Exchange (PHS:PSE), the current Asset Turnover is 0.09 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:

  • Asset Turnover: 0.09
  • GF Value™: ₱377.31 vs. price of ₱202.80 (46.3% below fair value)
  • GF Score™: 91/100 with 4 warning signs

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

Get the complete analysis for PHS:PSE

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

₱202.80
Price
₱377.31
GF Value