MAEOY (Manila Electric Co) Cyclically Adjusted Revenue per Share: $13.18 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MAEOY Manila Electric Co MAEOY
88 GF Score
Price $14.76
GF Value $18.99
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Manila Electric Co Cyclically Adjusted Revenue per Share?

Manila Electric Co MAEOY 88 Cyclically Adjusted Revenue per Share is $13.18 as of Jun. 2026. GuruFocus rates MAEOY with a GF Score™ of 88/100 and a GF Value™ of $18.99 (Modestly Undervalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Jun. 2026 was $4.623. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $13.18 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Manila Electric Co's average Cyclically Adjusted Revenue Growth Rate was 8.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Manila Electric Co was 6.80% per year. The lowest was 3.80% per year. And the median was 5.65% per year.

As of today (2026-09-10), Manila Electric Co's current stock price is $14.755. Manila Electric Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $13.18. Manila Electric Co's Cyclically Adjusted PS Ratio of today is 1.12.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Manila Electric Co was 1.73. The lowest was 0.75. And the median was 1.19.


Manila Electric Co  (OTCPK:MAEOY) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=14.755/13.18
=1.12

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Manila Electric Co was 1.73. The lowest was 0.75. And the median was 1.19.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Manila Electric Co Cyclically Adjusted Revenue per Share Related Terms


Manila Electric Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Manila Electric Co's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Manila Electric Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.08 9.86 11.67 11.70 11.29

Manila Electric Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share 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 11.74 12.13 11.29 15.10 13.18

MAEOY vs NEE, SO, DUK: Cyclically Adjusted Revenue per Share 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
88GF Score
Manila Electric Co MAEOY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Electric Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.623/333.9520*333.9520
=4.623

Current CPI (Jun. 2026) = 333.9520.

Manila Electric Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.883 241.428 2.605
201612 1.760 241.432 2.434
201703 1.889 243.801 2.588
201706 2.113 244.955 2.881
201709 2.081 246.819 2.816
201712 1.934 246.524 2.620
201803 2.009 249.554 2.688
201806 2.262 251.989 2.998
201809 2.181 252.439 2.885
201812 2.186 251.233 2.906
201903 2.139 254.202 2.810
201906 2.542 256.143 3.314
201909 2.161 256.759 2.811
201912 2.190 256.974 2.846
202003 1.987 258.115 2.571
202006 2.049 257.797 2.654
202009 2.042 260.280 2.620
202012 1.734 260.474 2.223
202103 1.836 264.877 2.315
202106 2.394 271.696 2.943
202109 2.344 274.310 2.854
202112 2.464 278.802 2.951
202203 2.437 287.504 2.831
202206 3.226 296.311 3.636
202209 3.271 296.808 3.680
202212 3.168 296.797 3.565
202303 2.997 301.836 3.316
202306 3.382 305.109 3.702
202309 3.133 307.789 3.399
202312 3.075 306.746 3.348
202403 2.966 312.332 3.171
202406 3.772 314.175 4.009
202409 3.347 315.301 3.545
202412 3.261 315.605 3.451
202503 3.249 319.799 3.393
202506 3.709 322.561 3.840
202509 3.591 324.800 3.692
202512 3.563 324.054 3.672
202603 3.427 330.213 3.466
202606 4.623 333.952 4.623

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

What does a Cyclically Adjusted Revenue per Share of $13.18 mean?
Manila Electric Co (MAEOY) has a Cyclically Adjusted Revenue per Share of $13.18 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Manila Electric Co and its competitors.
Is Manila Electric Co's Cyclically Adjusted Revenue per Share too high?
Manila Electric Co's current Cyclically Adjusted Revenue per Share is $13.18. Overall, Manila Electric Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's Cyclically Adjusted Revenue per Share compare to NEE and SO?
Manila Electric Co's Cyclically Adjusted Revenue per Share of $13.18 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Utilities - Regulated company?
A good Cyclically Adjusted Revenue per Share depends on the Utilities - Regulated industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Manila Electric Co and its competitors. Manila Electric Co's current Cyclically Adjusted Revenue per Share is $13.18. 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 Modestly Undervalued. The stock's GF Value™ is $18.99, compared to a current price of $14.76 — trading 22.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $13.18. Manila Electric Co's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Manila Electric Co (MAEOY), the current Cyclically Adjusted Revenue per Share is $13.18 as of Jun. 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 $14.76 is trading 22.3% below its estimated GF Value™ of $18.99. GuruFocus considers Manila Electric Co to be Modestly Undervalued.

Key valuation signals for MAEOY:

  • Cyclically Adjusted Revenue per Share: $13.18
  • GF Value™: $18.99 vs. price of $14.76 (22.3% below fair value)
  • GF Score™: 88/100 with 5 warning signs

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.
88GF Score

Get the complete analysis for MAEOY

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

$14.76
Price
$18.99
GF Value