EPHE: Philippine Stocks Are Very Cheap Relative To History
Source: SeekingAlpha
2025-05-05 12:57:43 ET
Summary
- The Philippine stock market (represented by EPHE) currently trades an attractive earnings multiple of just 11x, compared to 20x earlier in the decade.
- I am concerned, however, by the slow-growth nature of some of its holdings and the degree to which some companies are controlled by families.
- Given that since inception, EPHE has provided a total return of just 26.5% versus 546% from the S&P 500, investors need a very convincing reason to invest in the ETF.
- I cannot see any near term catalysts which would justify a re-rating or multiple expansion for the Philippine market.
Investment Thesis
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EPHE: Philippine Stocks Are Very Cheap Relative To History
iShares MSCI Philippines
NASDAQ: EPHE
EPHE Trading
-0.82% G/L:
$25.33 Last:
77,103 Volume:
$25.46 Open:
