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PX Fair Value & Analysis

Basic Materials · PH · Market cap 19.9B PHP

P PX PX · PSE
Price7.08 PHP
Fair Value4.38 PHP
Upside-38.1%
Quality40/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt
Mixed vs. peers (5/9)
Narrow moat 41/100
Evidence: Medium Range 3.68 PHP – 5.47 PHP Share as image

Fair value as of: Jul 10, 2026

From 12 valuation models · updated 31 days ago

Share price −10.4% over the past month.

Below-average quality, and screening another 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (5.47 PHP). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

11.96 PHP 2.19 PHP Fair Value 4.38 PHP Feb 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 10, 2026.

How to read this chart

60‑month range 2.19 PHP – 11.96 PHP · fair‑value band 3.68 PHP – 5.47 PHP · the 7.08 PHP price screens above the 4.38 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 10, 2026.

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Analysis

PX (PX) currently trades at 7.08 PHP, while our model-based Fair Value estimate is 4.38 PHP, implying the stock looks roughly 38.1% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

The stock trades on a trailing P/E of 88.6. Fundamentals as of Jul 10, 2026

Our scenario range runs from 3.68 PHP (bear case) to 5.47 PHP (bull case); at 7.08 PHP, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high and 41% above its 52-week low. For context, the median of 10 Basic Materials peers we cover trades at 51% fair-value upside, at -38%, PX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income 8.28 PHP 7.94 PHP 6.46 PHP 76
Gordon GGM 0.7600 PHP 0.8300 PHP 0.9400 PHP 70
Growth-Adj P/E 2.62 PHP 3.75 PHP 4.87 PHP 68
All 12 models by family
Earnings-Based
Graham-Dodd 1.96 PHP 2.40 PHP 2.70 PHP 54
Dividend Discount
Gordon GGM 0.7600 PHP 0.8300 PHP 0.9400 PHP 70
DDM Multi-Stage 0.7600 PHP 0.9500 PHP 1.22 PHP 61
Multiples
P/E Multiple 3.68 PHP 4.91 PHP 6.14 PHP 63
P/S Multiple 3.28 PHP 4.38 PHP 5.47 PHP 58
P/B Multiple 3.68 PHP 4.91 PHP 6.14 PHP 55
EV/EBIT 0.2200 PHP 1.32 PHP 53
EV/EBITDA 0.6300 PHP 2.24 PHP 3.85 PHP 54
EV/Revenue 1.13 PHP 43
Asset-Based
NCAV (Graham) 5.81 PHP 7.78 PHP 11.62 PHP 50
Economic Profit
Residual Income 8.28 PHP 7.94 PHP 6.46 PHP 76
Growth Earnings
Growth-Adj P/E 2.62 PHP 3.75 PHP 4.87 PHP 68

Widest divergence: Economic Profit (7.94 PHP) versus Dividend Discount (0.8300 PHP). Highest evidence: Residual Income (76).

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Quality Score breakdown

Overall quality 40/100

Of which business quality 39 · Market factors (momentum, volatility) 23

Profitability 21
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 8
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 58
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

PX reported revenue of 8.2B PHP in FY2024 versus 7.8B PHP in FY2020, a compound +1.1%/yr. Reported net income was 810M PHP in FY2024, compounding −9.9%/yr from FY2020.

Growth Quality 20/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
8.2B PHP
Latest YoY
+5.9%
Avg. growth/yr (3Y) 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.
−5.8%
Avg. growth/yr (5Y) 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.
+3.8%
Avg. growth/yr (10Y) 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.
−1.7%
Revenue +1.1%/yr
FY20 7.8B PHP
FY21 9.8B PHP
FY22 9.3B PHP
FY23 7.7B PHP
FY24 8.2B PHP
Net income −9.9%/yr
FY20 1.2B PHP
FY21 2.4B PHP
FY22 1.8B PHP
FY23 1.0B PHP
FY24 810M PHP

PX screens 38% overvalued. Compare with NIKL →

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Cite: Fair Value Calculator (2026). "PX Fair Value". https://www.fairvalue-calculator.com/stock/PX

Peer Group

Metals & Mining · 24 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 40 · Bottom 25%
Fair Value upside −38% · Bottom 25%
Return on assets 0% · Top 25%
Net margin (TTM) 0% · Top 25%
Operating margin (TTM) 0% · Top 25%
Revenue growth 0% · Top 25%
Debt / equity 0.39× · Higher than 75% of peers

Valuation Multiples vs Metals & Mining median · lower = cheaper

P/E (TTM) 88.6× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 22
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 81 · sector 99
DIVIDEND 0 · sector 0

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 10, 2026).

Stock Price Fair Value vs Fair Value
NIKL NIKL 3.60 PHP 6.68 PHP +86%
AT AT 8.30 PHP 26.74 PHP +222%
LCB LCB 0.1780 PHP 0.0300 PHP -83%
LC LC 0.1780 PHP 0.0300 PHP -83%
CPM CPM 2.27 PHP 0.6300 PHP -72%
FNI FNI 1.79 PHP 2.71 PHP +51%
MARC MARC 0.6100 PHP 0.4400 PHP -28%
Tplex Co 081150 2,630 KRW 2,240 KRW -15%
PHN PHN 15.86 PHP 38.04 PHP +140%
Gyeongnam Steel Co 039240 1,930 KRW 3,150 KRW +63%

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Frequently asked questions

Is PX overvalued or undervalued?
As of Jul 10, 2026, our model estimates a fair value of 4.38 PHP versus a price of 7.08 PHP, about −38% (overvalued).
What is the fair value of PX?
Our model-based fair value for PX is 4.38 PHP (as of Jul 10, 2026), built from audited fundamentals. The current price is 7.08 PHP.
What is the quality score of PX?
PX has a Quality Score of 40/100. 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 net profit margin of PX?
The net profit margin of PX is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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