MAEOY (Manila Electric Co) Cyclically Adjusted PS Ratio: 1.28 (As of Jul. 16, 2026) — Near Median

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MAEOY Manila Electric Co MAEOY
84 GF Score
Price $19.27
GF Value $21.10
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Manila Electric Co Cyclically Adjusted PS Ratio?

Manila Electric Co MAEOY 84 Cyclically Adjusted PS Ratio is 1.28 as of Jul. 16, 2026, which is 8% above its 10-year median of 1.18. GuruFocus rates MAEOY with a GF Score™ of 84/100 and a GF Value™ of $21.10 (Fairly Valued). The stock has 6 warning signs investors should review. Among 441 Utilities - Regulated companies, Manila Electric Co ranks worse than 52.83% on this metric.

As of today (2026-07-16), Manila Electric Co's current share price is $19.27. Manila Electric Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $15.10. Manila Electric Co's Cyclically Adjusted PS Ratio for today is 1.28.

The historical rank and industry rank for Manila Electric Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

MAEOY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.18   Max: 1.73
Current: 1.52

During the past years, Manila Electric Co's highest Cyclically Adjusted PS Ratio was 1.73. The lowest was 0.75. And the median was 1.18.

MAEOY's Cyclically Adjusted PS Ratio is ranked worse than
52.83% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.41 vs MAEOY: 1.52

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Manila Electric Co's adjusted revenue per share data for the three months ended in Mar. 2026 was $3.478. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $15.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manila Electric Co  (OTCPK:MAEOY) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Manila Electric Co Cyclically Adjusted PS Ratio Related Terms


Manila Electric Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Manila Electric Co's Cyclically Adjusted PS Ratio can be seen below:

* 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.

Manila Electric Co Cyclically Adjusted PS Ratio Chart

Manila Electric Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 0.96 1.22 1.41 1.55

Manila Electric Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.49 1.49 1.45 1.55 1.63

MAEOY vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, Manila Electric Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Manila Electric Co Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Manila Electric Co's Cyclically Adjusted PS Ratio falls into.


MAEOY
84GF Score
Manila Electric Co MAEOY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Electric Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Manila Electric Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.27/15.10
=1.28

* 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.

Manila Electric Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Manila Electric Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.478/330.2130*330.2130
=3.478

Current CPI (Mar. 2026) = 330.2130.

Manila Electric Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.976 241.018 2.707
201609 1.911 241.428 2.614
201612 1.786 241.432 2.443
201703 1.917 243.801 2.596
201706 2.144 244.955 2.890
201709 2.112 246.819 2.826
201712 1.963 246.524 2.629
201803 2.039 249.554 2.698
201806 2.296 251.989 3.009
201809 2.213 252.439 2.895
201812 2.218 251.233 2.915
201903 2.170 254.202 2.819
201906 2.579 256.143 3.325
201909 2.193 256.759 2.820
201912 2.223 256.974 2.857
202003 2.016 258.115 2.579
202006 2.080 257.797 2.664
202009 2.072 260.280 2.629
202012 1.759 260.474 2.230
202103 1.863 264.877 2.323
202106 2.430 271.696 2.953
202109 2.379 274.310 2.864
202112 2.500 278.802 2.961
202203 2.474 287.504 2.842
202206 3.274 296.311 3.649
202209 3.319 296.808 3.693
202212 3.215 296.797 3.577
202303 3.042 301.836 3.328
202306 3.432 305.109 3.714
202309 3.179 307.789 3.411
202312 3.121 306.746 3.360
202403 3.010 312.332 3.182
202406 3.828 314.175 4.023
202409 3.396 315.301 3.557
202412 3.310 315.605 3.463
202503 3.297 319.799 3.404
202506 3.764 322.561 3.853
202509 3.644 324.800 3.705
202512 3.615 324.054 3.684
202603 3.478 330.213 3.478

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 1.28 mean?
Manila Electric Co (MAEOY) has a Cyclically Adjusted PS Ratio of 1.28 as of Jul. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Manila Electric Co and its competitors. This is near median its historical median of 1.18. Over the past decade, Manila Electric Co's Cyclically Adjusted PS Ratio has ranged from 0.75 to 1.73. According to the industry distribution chart, Manila Electric Co ranks #233 out of 441 companies in the Utilities - Regulated industry, placing it in the top 52.8%.
Is Manila Electric Co's Cyclically Adjusted PS Ratio too high?
Manila Electric Co's current Cyclically Adjusted PS Ratio of 1.28 is near median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 1.73. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.41. Manila Electric Co's value of 1.28 is 9.2% below this industry median. Based on the distribution chart, Manila Electric Co ranks #233 out of 441 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Manila Electric Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #233 out of 441 companies for Cyclically Adjusted PS Ratio. This places Manila Electric Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. Manila Electric Co's value of 1.28 is 9.2% below this benchmark. Historically, Manila Electric Co's own Cyclically Adjusted PS Ratio has ranged from 0.75 to 1.73 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.41, Manila Electric Co has consistently been below 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 Cyclically Adjusted PS Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.41, based on 441 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Electric Co's current Cyclically Adjusted PS Ratio of 1.28 is 9.2% below 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current Cyclically Adjusted PS Ratio is 1.28, which is near median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Electric Co (MAEOY) is currently considered Fairly Valued. The stock's GF Value™ is $21.10, compared to a current price of $19.27 — trading 8.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.28, which is near median its 10-year median of 1.18 and 9.2% below the Utilities - Regulated industry median of 1.41. Manila Electric Co's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Manila Electric Co (MAEOY), the current Cyclically Adjusted PS Ratio is 1.28 as of Jul. 16, 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 Manila Electric Co (MAEOY) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Electric Co stock appears to be undervalued. The current stock price of $19.27 is trading 8.7% below its estimated GF Value™ of $21.10. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for MAEOY:

  • Cyclically Adjusted PS Ratio: 1.28 (near median its 10-year median of 1.18)
  • GF Value™: $21.10 vs. price of $19.27 (8.7% below fair value)
  • GF Score™: 84/100 with 6 warning signs
  • Industry Position: 9.2% below the Utilities - Regulated median (#233 of 441)

No single metric tells the full story. See the MAEOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Manila Electric Co Business Description

Other Exchanges MERVF:USAMER:Philippines
Address Ortigas Avenue, Lopez Building, Barangay Ugong, Pasig, PHL, 1605
Manila Electric Co is an electric utility company operating in the Philippines. Along with its subsidiaries, it is mainly engaged in the distribution and sale of electric energy through the distribution network facilities in its franchise area. The company's market is categorized into four classes, namely, residential, commercial, industrial, and streetlights. Additionally, it is involved in certain unregulated activities, which consist of power generation; retail electricity supply (RES); energy infrastructure, payment fulfilment, bills collection, after-the-meter and energy management, telecommunications services, insurance and re-insurance, and other businesses. The group's reportable segments are: Power and Other Services. The majority of its revenue is derived from the Power segment.
84GF Score

Get the complete analysis for MAEOY

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.27
Price
$21.10
GF Value