Latest Ratios: P/E Ratio 7.7x · EV/EBITDA 5.0x · ROE 25.1%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.8B | $4.7B | $4.8B | $5.1B | $4.9B | $7.7B | $6.0B | $4.3B | $4.6B | $6.5B | $6.0B |
| Enterprise Value | $9.3B | $351.9B | $330.4B | $291.2B | $271.7B | $258.1B | $208.6B | $188.8B | $129.2B | $146.2B | $152.3B |
| P/E Ratio → | 7.74 | 0.15 | 0.15 | 0.19 | 0.47 | 0.29 | 0.25 | 0.19 | 0.24 | 0.49 | 0.30 |
| P/S Ratio | 1.06 | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 |
| P/B Ratio | 1.86 | 0.04 | 0.04 | 0.05 | 0.04 | 0.06 | 0.05 | 0.04 | 0.04 | 0.06 | 0.05 |
| P/FCF | 9.94 | 0.20 | 0.36 | 0.69 | — | — | 0.86 | — | 0.33 | 0.34 | 0.91 |
| P/OCF | 2.78 | 0.06 | 0.06 | 0.06 | 0.06 | 0.08 | 0.07 | 0.06 | 0.08 | 0.11 | 0.12 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.58 | 1.52 | 1.38 | 1.33 | 1.34 | 1.15 | 1.12 | 0.79 | 0.92 | 0.92 |
| EV / EBITDA | 5.02 | 3.02 | 2.43 | 1.96 | 1.93 | 1.86 | 1.60 | 1.56 | 1.33 | 1.46 | 1.59 |
| EV / EBIT | 10.52 | 8.71 | 5.70 | 6.82 | 5.27 | 5.71 | 4.71 | 4.27 | 3.87 | 4.22 | 5.91 |
| EV / FCF | — | 14.75 | 24.57 | 39.73 | — | — | 29.90 | — | 9.33 | 7.55 | 23.22 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.6% | 59.6% | 73.0% | 73.6% | 75.7% | 78.1% | 79.6% | 77.8% | 78.0% | 78.7% | 73.1% |
| Operating Margin | 24.9% | 24.9% | 49.9% | 48.0% | 48.4% | 48.6% | 47.7% | 48.7% | 39.8% | 42.2% | 36.4% |
| Net Profit Margin | 13.7% | 13.7% | 14.9% | 12.6% | 5.1% | 13.7% | 13.4% | 13.3% | 11.6% | 8.4% | 12.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.1% | 25.1% | 28.4% | 23.7% | 8.7% | 21.3% | 20.6% | 19.3% | 16.6% | 12.2% | 18.0% |
| ROA | 4.9% | 4.9% | 5.2% | 4.3% | 1.7% | 4.4% | 4.4% | 4.5% | 4.0% | 2.9% | 4.3% |
| ROIC | 9.1% | 9.1% | 19.4% | 19.5% | 19.6% | 20.0% | 20.8% | 22.8% | 19.8% | 19.9% | 18.7% |
| ROCE | 12.2% | 12.2% | 25.5% | 25.6% | 25.4% | 24.4% | 25.3% | 27.0% | 22.3% | 23.0% | 20.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.80 | 2.80 | 2.88 | 2.74 | 2.56 | 2.15 | 2.03 | 1.80 | 1.51 | 1.55 | 1.70 |
| Debt / EBITDA | 3.09 | 3.09 | 2.47 | 2.04 | 2.07 | 1.97 | 1.86 | 1.72 | 1.81 | 1.72 | 1.94 |
| Net Debt / Equity | — | 2.71 | 2.79 | 2.59 | 2.34 | 1.96 | 1.69 | 1.59 | 1.07 | 1.26 | 1.35 |
| Net Debt / EBITDA | 2.98 | 2.98 | 2.39 | 1.93 | 1.90 | 1.80 | 1.55 | 1.52 | 1.28 | 1.39 | 1.53 |
| Debt / FCF | — | 14.56 | 24.22 | 39.04 | — | — | 29.04 | — | 9.00 | 7.21 | 22.31 |
| Interest Coverage | — | — | 3.76 | 3.13 | 4.46 | 4.39 | 217.99 | 267.62 | 4.82 | 4.79 | 3.59 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.44 | 0.44 | 0.34 | 0.36 | 0.33 | 0.33 | 0.41 | 0.37 | 0.52 | 0.53 | 0.47 |
| Quick Ratio | 0.42 | 0.42 | 0.32 | 0.34 | 0.31 | 0.31 | 0.39 | 0.35 | 0.50 | 0.51 | 0.45 |
| Cash Ratio | 0.08 | 0.08 | 0.06 | 0.09 | 0.10 | 0.15 | 0.23 | 0.17 | 0.32 | 0.20 | 0.23 |
| Asset Turnover | — | 0.35 | 0.35 | 0.35 | 0.33 | 0.31 | 0.31 | 0.32 | 0.34 | 0.35 | 0.35 |
| Inventory Turnover | 49.00 | 49.00 | 17.72 | 16.70 | 13.90 | 11.48 | 9.04 | 11.00 | 12.43 | 8.62 | 11.89 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 8.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 68.6% | 68.6% | 64.2% | 87.7% | 240.7% | 67.2% | 68.9% | 69.2% | 73.6% | 124.3% | 114.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.9% | 651.9% | 673.9% | 525.4% | 211.7% | 340.9% | 401.7% | 520.1% | 409.5% | 204.8% | 335.1% |
| FCF Yield | 10.1% | 506.8% | 280.9% | 144.8% | — | — | 115.7% | — | 299.8% | 298.0% | 110.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 8.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $216M | $216M | $216M | $216M | $216M | $216M | $216M | $216M | $216M | $216M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying PHI stock.
PLDT Inc.'s current P/E ratio is 7.7x. The historical average is 0.4x. This places it at the 100th percentile of its historical range.
PLDT Inc.'s current EV/EBITDA is 5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.3x.
PLDT Inc.'s return on equity (ROE) is 25.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 23.7%.
Based on historical data, PLDT Inc. is trading at a P/E of 7.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
PLDT Inc.'s current dividend yield is 8.86% with a payout ratio of 68.6%.
PLDT Inc. has 59.6% gross margin and 24.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
PLDT Inc.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Capital expenditure volatility
Defensive Multiples Amidst Structural Uncertainty
According to current market data, PLDT trades at a P/E of 7.82x and an EV/EBITDA of 5.04x, suggesting that investors are pricing the company as a mature utility rather than a growth-oriented technology firm, despite its ongoing investments in digital infrastructure and fintech services.
The low forward P/E of 0.12x appears to reflect extreme market skepticism regarding future earnings growth or potential accounting adjustments. Investors should monitor whether this valuation gap persists as the company attempts to monetize its tower assets and pivot toward higher-margin data services.
Capital Efficiency Constrained by Intensity
Based on reported financial statements, PLDT's ROIC has fluctuated between 1.2% and 4.9% over the last ten quarters, indicating that the company is struggling to generate returns that consistently exceed its cost of capital in a highly competitive and capital-intensive Philippine telecommunications market.
The volatility in ROIC suggests that massive infrastructure spending is not yet translating into commensurate returns on invested capital. This trend warrants further investigation into whether the company's capital allocation strategy is effectively prioritizing high-growth segments or merely maintaining legacy network dominance.
Working Capital Dynamics Reveal Inefficiency
As reported in quarterly filings, the company's cash conversion cycle remains deeply negative, driven by exceptionally high days payable outstanding that often exceed 200 days, which suggests a reliance on supplier financing to manage liquidity in the face of heavy capital expenditure requirements.
While a negative CCC can indicate strong bargaining power over suppliers, the extreme nature of these figures in the provided data suggests potential operational strain. Investors should monitor if this reliance on extended payment terms creates hidden risks to the company's supply chain stability.
Structural Liquidity Buffers Remain Tight
According to recent balance sheet data, the current ratio has consistently hovered between 0.33 and 0.44, indicating a structural liquidity profile that appears highly vulnerable to short-term operational shocks or unexpected disruptions in cash flow generation from the core wireless segment.
This persistent lack of short-term liquidity coverage suggests that the company is operating with minimal margin for error. Such a profile may necessitate frequent reliance on external financing, which could become increasingly expensive given the company's existing debt load and capital intensity.
Misapplication of Standard Telco Metrics
The most commonly misapplied metric for PLDT is the P/E ratio, which fails to account for the massive non-cash depreciation charges inherent in its infrastructure-heavy business model, thereby obscuring the company's true cash-generating capacity and its potential as a long-term infrastructure play.
Analysts should instead focus on EV/EBITDA or P/FCF to better understand the underlying operational performance, as these metrics normalize for the capital-intensive nature of the business. Relying solely on P/E may lead to an inaccurate assessment of the company's value relative to its regional peers.