AyalaLand REIT Inc. (AREIT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AyalaLand REIT Inc. stock PHP 76.50, price PHP 36.00, upside +112.5%, quality 51 out of 100. Rating: strongly undervalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 23.80 PHP – 43.34 PHP · fair‑value band 52.33 PHP – 119.43 PHP · the 36.00 PHP price screens below the 76.50 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow AyalaLand REIT in your weekly email
Every Wednesday you see whether AyalaLand REIT is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
AyalaLand REIT Inc. (AREIT) currently trades at 36.00 PHP, while our model-based Fair Value estimate is 76.50 PHP, implying the stock looks roughly 53% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 125.39 PHP per share, and 15 of the 15 models we run sit above the 36.00 PHP price.
Bear case: the Dividend Discount group reads lowest at 58.13 PHP, and 0 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 52.33 PHP (bear) to 119.43 PHP (bull), the price of 36.00 PHP sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
AyalaLand REIT Inc. reported revenue of 10.3B PHP in FY2024 versus 2.0B PHP in FY2020, a compound +49.8%/yr. Reported net income was 7.3B PHP in FY2024, compounding +4.0%/yr from FY2020.
Key figures
Market cap 37.3B PHP (≈ $592M) Small · P/E ratio 29.5 · P/S ratio 21.1 · EPS (TTM) 1.39 PHP · Net margin 71.3% · Return on equity 1,178% · Return on assets (EBIT) 5.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 13% fair-value upside, at 113%, AREIT screens cheaper than that median.
Fair Value models
Bear52.33 PHPFair Value 76.50 PHPBull119.43 PHP
Price 36.00 PHP · Upside +112.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (1.39 PHP per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF76.99 PHP105.62 PHP188.33 PHP75
Growth DCF72.15 PHP112.56 PHP175.72 PHP74
Residual Income77.61 PHP78.58 PHP82.33 PHP74
All 15 models by family
DCF Models
FCF DCF76.99 PHP105.62 PHP188.33 PHP75
5Y Revenue Exit61.16 PHP98.83 PHP177.11 PHP67
5Y EBITDA Exit86.18 PHP149.29 PHP272.85 PHP69
10Y Revenue Exit65.45 PHP125.39 PHP158.67 PHP64
10Y EBITDA Exit81.91 PHP169.36 PHP318.32 PHP62
Dividend Discount
Gordon GGM36.65 PHP59.14 PHP74.70 PHP67
DDM Multi-Stage36.65 PHP57.11 PHP63.81 PHP65
Multiples
P/S Multiple48.23 PHP64.30 PHP80.38 PHP58
P/B Multiple163.98 PHP218.64 PHP273.30 PHP55
EV/EBIT119.53 PHP159.35 PHP199.17 PHP66
EV/EBITDA92.38 PHP123.15 PHP153.92 PHP67
EV/Revenue48.54 PHP69.32 PHP90.09 PHP53
Asset-Based
NCAV (Graham)54.66 PHP73.24 PHP109.32 PHP54
Growth DCF
Growth DCF72.15 PHP112.56 PHP175.72 PHP74
Economic Profit
Residual Income77.61 PHP78.58 PHP82.33 PHP74
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+43.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+45.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+43.7%
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.3%
’16
’17
’18
’19
’20
’21
’22
’23
’24
What shareholders gained per year (last 5 years), in PHP ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in PHP: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +11.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +11.9%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.78% → 73%
⚠ Revenue per share shrinking 38.0%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2019 (starting value 1.33 per share, median 41.5 in 2016 to 2017). It measures the recovery from the trough, not lasting growth.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Residential & Commercial REITs” was too small, so the broader sector is used.)Real Estate · 1612 stocks
Beats the sector median on 4/8 measures
A mixed picture versus its sector peers.
Valuation
Quality Score51 · Below median
Fair Value upside+112.5% · Top 25%
Profitability
Return on assets5.9% · Top 25%
Net margin (12 months)71.3% · Top 25%
Operating margin (12 months)0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)15.6% · Top 25%
Valuation Multiplesvs Real Estate median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AyalaLand REIT Inc. Fair Value". https://www.fairvalue-calculator.com/stock/AREIT
Frequently asked questions
Is AyalaLand REIT Inc. (AREIT) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 76.50 PHP versus a price of 36.00 PHP, about +113% upside (undervalued).
What is the fair value of AREIT?
Our model-based fair value for AyalaLand REIT Inc. is 76.50 PHP (as of Nov 5, 2026), built from audited fundamentals. The current price: 36.00 PHP.
What is the quality score of AREIT?
AyalaLand REIT Inc. has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AyalaLand REIT Inc. (AREIT)?
Our model-based price target is the fair value of 76.50 PHP (as of Nov 5, 2026) from 15 valuation models. Cautious scenario 52.33 PHP, optimistic scenario 119.43 PHP. It is a calculation from audited fundamentals, not an analyst target.
What is the AyalaLand REIT Inc. stock forecast for 2026?
Our models put fair value at 76.50 PHP, about +113% upside versus a price of 36.00 PHP (undervalued). Cautious scenario 52.33 PHP, optimistic scenario 119.43 PHP. The calculation is refreshed regularly with new filings.
What is the intrinsic value of AyalaLand REIT Inc. (AREIT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AyalaLand REIT Inc. it is 76.50 PHP per share (as of Nov 5, 2026), against a price of 36.00 PHP. It is the blended result of 15 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is AyalaLand REIT Inc. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, AREIT trades below its calculated fair value: price 36.00 PHP, fair value 76.50 PHP, a gap of about +113% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AREIT?
No. The price is what the market pays today (36.00 PHP); the fair value is what the company's own numbers justify (76.50 PHP). For AyalaLand REIT Inc. the two are 40.50 PHP per share apart. That gap is exactly why we show both numbers side by side.
How much is AyalaLand REIT Inc. worth?
The market values AyalaLand REIT Inc. at about 37.3B PHP (market capitalisation, as of Nov 5, 2026). Per share that is 36.00 PHP; our models calculate a fair value of 76.50 PHP per share.
What do the bullish and bearish scenarios say about AREIT?
Our models span a range for AyalaLand REIT Inc.: cautious scenario 52.33 PHP, base 76.50 PHP, optimistic 119.43 PHP per share (as of Nov 5, 2026, price 36.00 PHP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AREIT?
AyalaLand REIT Inc. trades at a price-to-earnings ratio of 29.5 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 76.50 PHP is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2020 to 2024), reported earnings: 16.7.
How far is AREIT from its 52-week high?
AyalaLand REIT Inc. trades at 36.00 PHP, about 17% below its 52-week high of 43.34 PHP and 1% above the low of 35.70 PHP (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 76.50 PHP is for.
Which stocks are comparable to AyalaLand REIT Inc.?
From the same area (Real Estate) we also value RCR, MREIT, FILRT, Gladstone Commercial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AyalaLand REIT Inc. stock attractive at the current price?
The data as of Nov 5, 2026: price 36.00 PHP, calculated fair value 76.50 PHP (+113%), Quality Score 51/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AREIT calculated?
We run AyalaLand REIT Inc. through 15 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 76.50 PHP builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. AyalaLand REIT Inc. currently trades 53% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AyalaLand REIT Inc. (AREIT)?
The closing price on Nov 6, 2026 was 36.00 PHP. Our model-based fair value is 76.50 PHP, about +113% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AyalaLand REIT Inc. right now?
The price is below even our cautious bear case (52.33 PHP). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (52.33 PHP to 119.43 PHP) leaves room in how you read the outcome.
Key figures of AyalaLand REIT Inc.
How large is the market capitalisation of AyalaLand REIT Inc. (AREIT)?
The market capitalisation of AyalaLand REIT Inc. is 37.3B PHP (≈ $592M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AyalaLand REIT Inc. (AREIT)?
The price-to-sales ratio of AyalaLand REIT Inc. is 21.1 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AyalaLand REIT Inc. (AREIT)?
Earnings per share at AyalaLand REIT Inc. are 1.39 PHP (price ÷ EPS = P/E 29.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of AyalaLand REIT Inc. (AREIT)?
The net margin of AyalaLand REIT Inc. is 71.3% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AyalaLand REIT Inc. (AREIT)?
The return on equity (ROE) of AyalaLand REIT Inc. is 1,178% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AyalaLand REIT Inc. (AREIT)?
On an EBIT basis the return on assets of AyalaLand REIT Inc. is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
Free · no account needed
Watch AyalaLand REIT Inc. in the live analysis
One click puts AyalaLand REIT Inc. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
