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First Philippine HoldingsPHS:FPH -2.38%54 Cash-to-Debt is 0.32 as of Mar. 2026, which is 11% below its 10-year median of 0.36. GuruFocus rates PHS:FPH with a GF Score™ of 54/100 and a GF Value™ of ₱57.13 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 484 Utilities - Regulated companies, First Philippine Holdings ranks better than 57.85% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. First Philippine Holdings's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.32.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, First Philippine Holdingscouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for First Philippine Holdings's Cash-to-Debt or its related term are showing as below:
PHS:FPH'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.36 Max: 0.56
Current: 0.32
During the past 13 years, First Philippine Holdings's highest Cash to Debt Ratio was 0.56. The lowest was 0.23. And the median was 0.36.
PHS:FPH's Cash-to-Debt is ranked better than 57.85% of 484
companies
in the Utilities - Regulated industry
Industry Median: 0.23
vs PHS:FPH: 0.32
First Philippine Holdings (PHS:FPH) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
First Philippine Holdings Cash-to-Debt Related Terms
First Philippine Holdings Cash-to-Debt Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Utilities - Regulated Electric subindustry, First Philippine Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Philippine Holdings Cash-to-Debt vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, First Philippine Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where First Philippine Holdings's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Philippine Holdings (PHS:FPH) has a Cash-to-Debt of 0.32 as of Mar. 2026. This is 11% below median its historical median of 0.36. Over the past decade, First Philippine Holdings' Cash-to-Debt has ranged from 0.23 to 0.56. According to the industry distribution chart, First Philippine Holdings ranks #204 out of 484 companies in the Utilities - Regulated industry, placing it in the top 42.1%.
Is First Philippine Holdings' Cash-to-Debt too high?
First Philippine Holdings' current Cash-to-Debt of 0.32 is 11% below median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.56. The Utilities - Regulated industry median Cash-to-Debt is 0.23. First Philippine Holdings' value of 0.32 is 39.1% above this industry median. Based on the distribution chart, First Philippine Holdings ranks #204 out of 484 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, First Philippine Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Philippine Holdings' Cash-to-Debt compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, First Philippine Holdings ranks #204 out of 484 companies for Cash-to-Debt. This puts First Philippine Holdings in the upper half of its industry. The industry median Cash-to-Debt is 0.23. First Philippine Holdings' value of 0.32 is 39.1% above this benchmark. Historically, First Philippine Holdings' own Cash-to-Debt has ranged from 0.23 to 0.56 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.23, First Philippine Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Utilities - Regulated company?
The median Cash-to-Debt among Utilities - Regulated companies is 0.23, based on 484 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Philippine Holdings's current Cash-to-Debt of 0.32 is 39.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median Cash-to-Debt is 0.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Philippine Holdings's current Cash-to-Debt is 0.32, which is 11% below median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Philippine Holdings stock overvalued right now?
Based on GuruFocus' analysis, First Philippine Holdings (PHS:FPH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱57.13, compared to a current price of ₱90.05 — trading 57.6% above its estimated fair value. The current Cash-to-Debt is 0.32, which is 11% below median its 10-year median of 0.36 and 39.1% above the Utilities - Regulated industry median of 0.23. First Philippine Holdings' overall GF Score™ is 54/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For First Philippine Holdings (PHS:FPH), the current Cash-to-Debt is 0.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Philippine Holdings (PHS:FPH) Overvalued in 2026?
Based on GuruFocus' analysis, First Philippine Holdings stock appears to be overvalued.
The current stock price of ₱90.05 is trading 57.6% above its estimated GF Value™ of ₱57.13.
GuruFocus considers First Philippine Holdings to be Significantly Overvalued.
Key valuation signals for PHS:FPH:
Cash-to-Debt: 0.32 (11% below median its 10-year median of 0.36)
GF Value™: ₱57.13 vs. price of ₱90.05 (57.6% above fair value)
Industry Position: 39.1% above the Utilities - Regulated median (#204 of 484)
No single metric tells the full story. See the PHS:FPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Philippine Holdings Corporation are engaged mainly in, but not limited to, power generation, real estate development, energy solutions, construction and other service industries. The company's segments its activities into Power Generation, Real Estate Development, Energy Solutions, Construction, and other services. The majority of revenue comes from Power Generation segment. The Power generation has one geographical segment. Real Estate Development has presence in National Capital Region, Central Luzon, Southern Luzon, Central Visayas, Western Visayas of which majority of revenue comes from National capital region.
54GF Score
Get the complete analysis for PHS:FPH
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