PLDT stock: fair value
PHIThe fair value of PLDT under our model is $32.67, the price is 51% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Possible value trapIn our model the price counts as cheap below $25.13 and expensive above $46.67 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $31.80 (cash-flow model) and $33.54 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 11.5%. At 12.5% the fair value would be $30.67, at 10.5% it would be $35.28.
Possible value trap: looks cheap, but high risk.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (16.3).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 11.5% (government bond yield 3.8% plus beta 1.14 times a risk premium of 6.7%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $31.80 per share: free cash flow for the next ten years, each year discounted to today at 11.5%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 11.5%) |
|---|---|---|---|---|
| 2026 | $304.47M | extrapolated at 35.6% | 0.8972 | $273.16M |
| 2027 | $383.94M | extrapolated at 26.1% | 0.8049 | $309.03M |
| 2028 | $458.49M | extrapolated at 19.4% | 0.7221 | $331.09M |
| 2029 | $526.07M | extrapolated at 14.7% | 0.6479 | $340.83M |
| 2030 | $586.4M | extrapolated at 11.5% | 0.5812 | $340.85M |
| 2031 | $640.22M | extrapolated at 9.2% | 0.5215 | $333.86M |
| 2032 | $688.7M | extrapolated at 7.6% | 0.4679 | $322.21M |
| 2033 | $733.12M | extrapolated at 6.5% | 0.4197 | $307.72M |
| 2034 | $774.64M | extrapolated at 5.7% | 0.3766 | $291.71M |
| 2035 | $814.25M | extrapolated at 5.1% | 0.3379 | $275.1M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $3.13B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (11.5% − 3.8%) | $11.08B |
| Present value of terminal value (× 0.3379) | $3.74B |
| Equity value (sum plus present value of terminal value) | $6.87B |
| Shares (diluted) | 216.00M |
| Value per share (equity value divided by shares) | $31.80 |
| Earnings per share, last twelve months | $2.05 |
| × 16.3 (industry P/E) | $33.54 |
| Fair value (average of both parts) | $32.67 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₱63.7271)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 29 Feb 2024)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.