Manila Water Co (PHS:MWC) Cyclically Adjusted Revenue per Share: ₱11.72 (As of Jun. 2026)

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PHS:MWC Manila Water Co Inc PHS:MWC
86 GF Score
Price ₱33.40
GF Value ₱35.86
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Manila Water Co Cyclically Adjusted Revenue per Share?

Manila Water Co PHS:MWC -1.62% 86 Cyclically Adjusted Revenue per Share is ₱11.72 as of Jun. 2026. GuruFocus rates PHS:MWC with a GF Score™ of 86/100 and a GF Value™ of ₱35.86 (Fairly Valued). The stock has 4 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 Water Co's adjusted revenue per share for the three months ended in Jun. 2026 was ₱3.901. 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 ₱11.72 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Manila Water Co's average Cyclically Adjusted Revenue Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.00% 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 Water Co was 7.50% per year. The lowest was 6.00% per year. And the median was 6.55% per year.

As of today (2026-08-13), Manila Water Co's current stock price is ₱33.40. Manila Water Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₱11.72. Manila Water Co's Cyclically Adjusted PS Ratio of today is 2.85.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Manila Water Co was 4.42. The lowest was 1.03. And the median was 2.63.


Manila Water Co  (PHS:MWC) 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 Water Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=33.40/11.72
=2.85

* 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 Water Co was 4.42. The lowest was 1.03. And the median was 2.63.


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 Water Co Cyclically Adjusted Revenue per Share Related Terms


Manila Water Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Manila Water 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 Water Co Cyclically Adjusted Revenue per Share Chart

Manila Water 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 8.40 8.91 9.43 10.19 11.07

Manila Water 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 10.77 10.97 11.07 11.44 11.72

PHS:MWC vs AWK, WTRG, AWR: Cyclically Adjusted Revenue per Share Comparison

For the Utilities - Regulated Water subindustry, Manila Water 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 Water Co Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

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

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


PHS:MWC
86GF Score
Manila Water Co Inc PHS:MWC
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Water 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 Water 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)
=3.901/333.9520*333.9520
=3.901

Current CPI (Jun. 2026) = 333.9520.

Manila Water Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.502 241.428 2.078
201612 2.555 241.432 3.534
201703 1.963 243.801 2.689
201706 1.795 244.955 2.447
201709 2.328 246.819 3.150
201712 2.703 246.524 3.662
201803 1.742 249.554 2.331
201806 1.945 251.989 2.578
201809 1.880 252.439 2.487
201812 2.343 251.233 3.114
201903 1.789 254.202 2.350
201906 2.066 256.143 2.694
201909 2.110 256.759 2.744
201912 2.842 256.974 3.693
202003 2.621 258.115 3.391
202006 1.998 257.797 2.588
202009 2.023 260.280 2.596
202012 2.361 260.474 3.027
202103 1.682 264.877 2.121
202106 1.723 271.696 2.118
202109 1.351 274.310 1.645
202112 1.822 278.802 2.182
202203 1.781 287.504 2.069
202206 1.758 296.311 1.981
202209 2.350 296.808 2.644
202212 2.135 296.797 2.402
202303 2.562 301.836 2.835
202306 2.463 305.109 2.696
202309 2.346 307.789 2.545
202312 2.917 306.746 3.176
202403 3.400 312.332 3.635
202406 3.245 314.175 3.449
202409 3.114 315.301 3.298
202412 3.505 315.605 3.709
202503 3.674 319.799 3.837
202506 4.011 322.561 4.153
202509 3.395 324.800 3.491
202512 3.893 324.054 4.012
202603 4.082 330.213 4.128
202606 3.901 333.952 3.901

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 ₱11.72 mean?
Manila Water Co (PHS:MWC) has a Cyclically Adjusted Revenue per Share of ₱11.72 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 Water Co and its competitors.
Is Manila Water Co's Cyclically Adjusted Revenue per Share too high?
Manila Water Co's current Cyclically Adjusted Revenue per Share is ₱11.72. Overall, Manila Water Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Water Co's Cyclically Adjusted Revenue per Share compare to AWK and WTRG?
Manila Water Co's Cyclically Adjusted Revenue per Share of ₱11.72 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 Water Co and its competitors. Manila Water Co's current Cyclically Adjusted Revenue per Share is ₱11.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Water Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Water Co (PHS:MWC) is currently considered Fairly Valued. The stock's GF Value™ is ₱35.86, compared to a current price of ₱33.40 — trading 6.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₱11.72. Manila Water Co's overall GF Score™ is 86/100 with 4 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 Water Co (PHS:MWC), the current Cyclically Adjusted Revenue per Share is ₱11.72 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 Water Co (PHS:MWC) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Water Co stock appears to be undervalued. The current stock price of ₱33.40 is trading 6.9% below its estimated GF Value™ of ₱35.86. GuruFocus considers Manila Water Co to be Fairly Valued.

Key valuation signals for PHS:MWC:

  • Cyclically Adjusted Revenue per Share: ₱11.72
  • GF Value™: ₱35.86 vs. price of ₱33.40 (6.9% below fair value)
  • GF Score™: 86/100 with 4 warning signs

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


Manila Water Co Business Description

Other Exchanges MWTCY:USA
Address 489 Katipunan Road, 2nd Floor, MWSS Administration Building, Balara, Quezon, PHL, 1105
Manila Water Co Inc holds the exclusive right to provide water and used water services in the East Zone of Metro Manila under a concession agreement with the Metropolitan Waterworks and Sewerage System. The company delivers water treatment, distribution, sewerage, and sanitation services to a large population across residential, commercial, and industrial customers. Its service area covers several cities and municipalities in Metro Manila and nearby parts of Rizal, including urban centers such as Makati, Pasig, Quezon City, Taguig, and Marikina, along with surrounding towns.
86GF Score

Get the complete analysis for PHS:MWC

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

₱33.40
Price
₱35.86
GF Value