Normal distribution with the same average and spread
FY ended Dec 31, 2025 · figures in PHP (in thousands) except per-share rows
| Item | Current | Previous |
|---|---|---|
| Current assets | 12,117,831 | 12,303,110 |
| Total assets | 54,417,390 | 57,473,710 |
| Current liabilities | 1,951,401 | 4,543,008 |
| Total liabilities | 14,545,445 | 17,676,775 |
| Retained earnings/(deficit) | 18,977,428 | 17,324,660 |
| Stockholders' equity | 39,871,945 | 39,796,935 |
| Stockholders' equity (parent) | 39,475,013 | 39,404,548 |
| Book value per share | ₱4.07 | ₱4.06 |
| Item | Current | Previous |
|---|---|---|
| Gross revenue | 5,291,381(-10.2%) | 5,890,767 |
| Gross expense | 2,789,468 | 2,779,735 |
| Income/(loss) before tax | 2,047,803 | 2,516,035 |
| Net income/(loss) after tax | 2,110,032(-13.0%) | 2,425,588 |
| Net income/(loss), parent | 2,096,047 | 2,334,359 |
| EPS (basic) | ₱0.20 | ₱0.20 |
| EPS (diluted) | ₱0.20 | ₱0.20 |
Belle Corporation (BEL) was incorporated in 1973 as Belle Mining and Oil Exploration, Incorporated (Belle Resources). In 1989, Belle Resources developed a golf club named Tagaytay Highlands International Golf Club, Incorporated, which became its initial foray into the property development sector. Thereafter, Belle Resources changed its name to the present one in 1994 to underscore the shift in its principal activity. The business of BEL, through subsidiaries and associates, includes mainly real estate development, principally in the high-end leisure property market, gaming, and various investment holdings.
BEL acquired Premium Leisure & Amusement, Inc. (PLAI) on April 14, 2011. PLAI holds a license to operate integrated resorts, including casinos, in Manila Bay Entertainment City and Newport City. In October 2012, BEL and PLAI partnered with Melco Crown Entertainment Limited and its Philippine affiliates (MCE), with BEL as co-licensee and owner of the land and buildings and MCE as a co-licensee and developer and operator of all the facilities within the resort complex. The resulting integrated resort, City of Dreams Manila, was launched on February 2, 2015.
The Company's other subsidiaries engaged in gaming and gaming-related activities are Premium Leisure Corp. and Pacific Online Systems Corporation.
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in various sectors, mostly in shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines, being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets, and 86 are SaveMore branches.
SM Investments on Wikipedia →Average % return by calendar month, up to 5 yearsof history. Only a few years back each month, so this is descriptive color, not a predictable “month effect.”
Belle Corporation (PSE: BEL) last traded at ₱1.13, down 0.88% on the day, as of Sep 10, 2026. Prices on this page are delayed or end-of-day, not real time.
Belle Corporation trades on the Philippine Stock Exchange under the ticker symbol BEL.
BEL is listed in the Services sector of the Philippine Stock Exchange, where it ranks #20 of 62 by market capitalization. Across the whole exchange it is #104 of 282, at ₱11.3B.
BEL has traded between ₱1.14 and ₱1.84 over the past 52 weeks. It is currently 38.6% below that high.
BEL's annualized volatility over the past year is 40.7%, which PSEye classifies as elevated against other PSE-listed stocks. Higher volatility means bigger day-to-day price swings in either direction, not necessarily a worse outcome. See the Analytics panel above for the full risk profile.
BEL trades at a price-to-earnings ratio of 5.6 and a price-to-book of 0.28, based on basic earnings per share from its latest annual filing (fiscal year ended Dec 31, 2025). Annual figures can be up to a year old, so this is not a trailing-twelve-month multiple.
PSEye doesn't label any stock overvalued or undervalued. BEL currently trades at a P/E of 5.6 and a P/B of 0.28, but whether that's cheap or expensive depends on the sector, growth prospects, and what comparable companies trade at, none of which a ratio alone can tell you. For comparison, Services peers with a computable ratio trade at a sector median P/E of 9.4 and a sector median P/B of 1.00 (31 peers). The Sector peers panel above lists 10 similarly-sized Services companies to compare against directly.
PSEye has no cash dividend on record for BEL in roughly the last two years. That is a statement about the corporate actions published on PSE Edge over that window, not a guarantee the company has never paid or will not pay one.
In its latest annual filing (fiscal year ended Dec 31, 2025), BEL's revenue fell 10.2% and net income fell 13.0% versus the prior fiscal year. That's one year-over-year comparison, not a multi-year trend, so check the Balance sheet & income statement panel above for the full figures before drawing a conclusion.
PSEye doesn't rate stocks as good or bad buys. What this page can tell you is factual: where BEL ranks by market cap (#104 of 282 on the exchange), its price history, valuation ratios, dividend record and recent company disclosures, all shown above. Whether that adds up to a good stock depends on your own criteria, and is worth researching beyond any single page, including this one.
PSEye is a data tracker, not a financial advisor, so it can't tell you whether to invest in BEL or any other stock. The price, valuation, dividend and disclosure data on this page is meant to help you do your own research. Consider your own goals, risk tolerance and time horizon, and consult a licensed financial advisor before making an investment decision. If you're weighing a fixed, regular investment instead of a single lump sum, PSEye's DCA calculator shows how that strategy would have performed historically.
To buy BEL shares, open an account with a PSE-accredited stockbroker (most Philippine banks and several standalone brokers offer online trading accounts), fund it, and place a buy order using the ticker symbol BEL. A completed trade typically settles two trading days later (T+2). PSEye doesn't process trades or recommend a specific broker.
Delayed/EOD data, not real-time. Figures are statistics on past closing prices, not a forecast.